Top 5 Alternative Courses to Pursue Along with CA Course in 2025

Top 5 Alternative Courses to Pursue Along with CA Course in 2025

You might think of Chartered Accountancy (CA) as the ideal course after high school if you are a commerce student. But is it the only option? No, there are several great paths in accounting and finance through professional certification courses.

The prestige of a CA qualification known as the chartered accountancy is appealing. If you are seeking courses after completing high school, have graduated with a degree other than CA, like an MBA, or are a CA dropout, it's time to explore alternative CA courses. These courses may also be completed along with the CA course.

The passing rate for the CA exam is quite low due to its difficulty. However, choosing alternative courses for CA such as US CPA, ACCA, US CMA, FRM, and CFA can make your career path easier while offering similar job opportunities in audit, financial analysis, investment banking, and risk management.

Choosing a unique path among your peers may seem scary, but these courses offer the same or even more value than a CA certification. Curious about the best courses to do along with CA or those comparable to a CA degree? This blog will help you select the most suitable accounting and finance certification to accelerate your career in the global industry, introducing the top professional courses one can pursue instead of the CA program.

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Key Takeaways

  • Alternative Courses to do  Along with CA Career

  • Uniform CPA Examination

  • US CMA Exam

  • ACCA Exam

  • CFA Exam

Top 5 Alternative Courses for CA

Certain professional courses in finance and accounting offer career opportunities for a CA student. These courses along with CA, like ACCA course, CFA course, CMA course, CIA course, and FRM, provide skills and knowledge in areas such as chartered accounting, internal auditing, cost accounting, and investment banking.

If you seek courses to do along with the Chartered Accountancy course, these recognized courses offer practical experience and access to top companies. Whether comparing CA vs ACCA courses or looking for courses after completing the CA program, these alternatives provide a wider range of services and better career options in related fields.

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US CPA Course

The US CPA certification course, offered by the American Institute of Certified Public Accountants, is a recognized course and a top CA qualification alternative. It is considered on par with or even higher than the Chartered Accountancy course. If the CA program does not appeal to you, you can pursue the CPA course, which provides career opportunities in finance and accounting.

Becoming a CPA opens doors to top companies, including the Big 4, and offers global career options in countries like the USA, Canada, New Zealand, and Australia. Compared to CA vs ACCA courses, the CPA course provides practical exposure and is a great post-qualification course after completing CA.

Eligibility

  • One hundred fifty credit points: 120 coming from a bachelor's degree and 30 from postgraduate education.
  • 2 years of relevant work experience

Uniform CPA Examination

You must pass the following four parts of the Uniform CPA examination to be rewarded with the prestigious title and certification of the US CPA. The course covers the following syllabus:. 

  • Attestation and Auditing (AUD)
  • Financial accounting and reporting
  • Regulation (REG)
  • Optional paper (any one)
  • Business Analysis and Reporting (BAR)
  • Information Systems and Controls (ICS)
  • Tax Compliance and Planning (TCP)

Career Prospects

Being a CPA will offer you the following options for a career in this field that are much more diverse as compared to a CA degree:

  • Public Accountant
  • CFO
  • Finance Analyst
  • Finance Manager
  • Tax Analyst
  • Internal Audit Expert
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US CMA

 The US CMA certification is your go-to option if you dream of building a career in the Big 4. Additionally, it allows you to find high-paying opportunities at other leading companies worldwide. 

Eligibility

  • Bachelor's degree
  • 2 years of relevant work experience

US CMA Exam

The CMA exam is divided into two parts. Each CMA examination section comprises six advanced subjects in the finance and accounting stream. 

CMA Part I: Financial Planning, Performance, and Analytics

  • External Financial Reporting Decisions
  • Planning, budgeting, and forecasting
  • Performance Management
  • Cost Management
  • Internal Controls
  • Technology and analytics

CMA Part II: Strategic Financial Management

  • Financial statement analysis
  • Corporate Finance
  • Decision Analysis
  • Risk Management
  • Investment Decision
  • Professional Ethics

Career Prospects 

The CMA course has the best alternative career options for CA aspirants and students. CMAs usually perform the following roles: 

  • Finance Analyst
  • Cost Controller
  • Business Analyst
  • CFO
  • Finance Manager
  • VP Finance

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ACCA

CA dropouts or students pursuing CA courses and wanting to acquire other qualifications can also opt for the ACCA certification by the UK's Association of Chartered Certified Accountants. ACCA course is no different from the courses listed above. This accounting course will also offer you the most amazing opportunities in the global finance and accounting job market. The top employers in India, as well as in other leading nations around the world, are looking for ACCAs to offer them highly regarded positions in their companies. You can also pursue ACCA after completing your CA degree to build a successful career in accounting. Also, you can study for ACCA and CA together if you find it possible. 

Eligibility

  • You only need to attain a 10+2 education qualification.

ACCA Exam

The ACCA body divides this examination into three levels. These three levels consist of thirteen separate tests.

Applied Knowledge Level

  • Business and Technology (BT)
  • Management Accounting (MA)
  • Financial Accounting (FA)

Applied Skills Level

  • Corporate and Business Law (LW)
  • Performance Management (PM)
  • Taxation
  • Financial Reporting
  • Financial Management
  • Assurance and Audit

Strategic Professional Level

  • Compulsory Subjects
  • Strategic Business Leader
  • Strategic business reporting
  • Optional Subjects (two to be chosen)
  • Advanced Financial Management (AFM)
  • Advanced Performance Management (APM)
  • Advanced Taxation (ATX)
  • Advanced auditing and assurance

Career Prospects

  • Forensic Reporter
  • Finance Manager
  • CFO
  • Tax Analyst
  • Public Accountant

FRM

Moving forward, this list of alternative courses for CA brings us to the FRM course, another excellent course to pursue in place of CA. The Global Association of Risk Professionals offers this accounting and finance course. It is the best path for you to enter the international risk management landscape. Your vast knowledge and abilities in various aspects of risk management set you apart from your peers. It is a short-term course. Therefore, you can pursue CA and FRM together as well. 

Eligibility

  • A high school diploma or a 10+2 educational qualification is required.
  • 2 years of relevant work experience

FRM Exam

The FRM exam consists of two parts with the following subjects:

Part 1

  • The foundations of risk management
  • Quantitative Analysis
  • Financial Markets and Products
  • Valuations and Risk Models

Part 2

  • Market Risk
  • Credit Risk
  • Operational Risk and Resiliency
  • Treasury and Liquidity Risk Management
  • Risk Management and Investment Management
  • Current Issues in Financial Markets

Career Prospects

After completing the course, you can enhance your career prospects with the following common roles for FRMs :

  • Treasury Risk Manager
  • Credit Risk Manager
  • Risk Analyst
  • Market Risk Manager
  • Investment Analyst
  • Quantitative Analyst
  • Portfolio Manager
  • Claims Manager

CFA

When looking to pursue a course in addition to CA or one better than the CA qualification, you will come across the CFA course. CFA (Chartered Financial Analyst) certification, awarded by the CFA Institute, is a recognized course for those seeking a career in financial services. The many career opportunities it offers convince numerous CA students and professionals to consider it as an alternative to the CA course.

Eligibility

  • Bachelor's degree
  • 4 years of relevant work experience

CFA Exam

The CFA Exam consists of three levels, with each level containing the following subjects:

  • Ethical and Professional Standards
  • Quantitative Methods
  • Economics
  • Financial Reporting and Analysis
  • Corporate Finance
  • Equity Investments
  • Fixed Income
  • Derivatives
  • Alternative Investments
  • Portfolio Management and Wealth Planning

Career Prospects

The CFA course will add value significantly to your career. CFAs perform the following roles: 

  • Equity Research Analyst
  • An investment banking analyst
  • Wealth Management Advisor
  • Financial Analyst
  • Portfolio Manager
  • Credit Analyst
  • Investment Product Analyst
  • Financial Risk Manager

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Conclusion

If the CA program or CS course doesn’t seem appealing, there are courses to consider that offer better career opportunities. Many CA students prefer professional courses like ACCA course, CFA course, CMA course, CIA course, and LLB course, which provide recognized course certifications and a wider range of services in finance and accounting, internal auditing, and cost accounting.

These courses along with CA can be pursued through online courses, offering practical experience and access to top companies. Whether comparing CA vs ACCA courses or seeking courses after completing the CA, these chartered accounting alternatives attract many applicants for post-qualification courses. Though some may be harder than ACCA, they provide global opportunities, skills and knowledge, and expertise in civil law, labor law, family law, and patent law.

Choose expert courses from NorthStar Academy to start your preparation for a new career. Our founder, M. Irfat Sir, and a team of CPAs, CMAs, FRMs, ACCAs, CFAs, many professionals can guide you in achieving your goal effortlessly. While preparing for CA, you can pursue courses along with CA, like CFA course, ACCA certification, CMA course, or CIA course, even while completing your CA. These recognized courses enhance your skills and knowledge, offering career opportunities in finance and accounting, internal auditing, and chartered accounting, helping you build your dream career.

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Frequently Asked Questions

  • What are the alternate courses for CA?
    • For alternatives to the Chartered Accountancy course, consider internationally recognized courses like US CPA, US CMA, CFA course, ACCA course, and FRM course. These certifications provide excellent career opportunities in accounting and finance, audit, investment banking, risk management, and financial analysis, helping you build a strong career along with your CA qualification.

  • Which course is equal to CA?

    Most people consider the US CPA course to be on par with the CA course. It provides global job opportunities in finance and accounting. Additionally, top companies prefer CPA professionals for high designations in audit, financial analysis, and investment banking.

  • Is there a course that is superior to CA?

    Comparing courses is not fair since one is considered to be harder than the other, as each has its own unique features. However, you can explore certain certification courses that are equally good as CA. These courses include US CPA, ACCA, US CMA, FRM, and CFA.