What is One of the Most Important Things that People Need to Do to Advance Their Financial Careers?
Do you know what those letters stand for?
A lot of long-time investors and clients do. They know that a CFP or Certified Financial Planner has demonstrated competency in all areas of financial planning including stocks, bonds, insurance, taxes, and retirement planning. And those letters are important to them.
That’s why obtaining financial certifications is one of the single most important things you can do to advance your finance career.
Even if you come to the table with an MBA, obtaining additional certifications will provide you with credibility. Along with the CFP, if you’re serious about advancing your career, consider obtaining some of these other certifications.
Chartered Financial Analyst (CFA) – a CFA demonstrates competence and extensive knowledge in accounting, ethical and professional standards, economics, portfolio management, and security analysis.
Certified Management Accountant (CMA) – The CMA is important for corporate accountants that need to show proficiency in advanced accounting and financial management in areas such as financial planning, analysis, control, and decision-making.
Certified Public Accountant – If your interest is in public accounting, there is no better certification than the CPA. The CPA designation indicates advanced knowledge and competence in auditing and attestation, business environment and concepts, financial accounting and reporting, and regulation.
Certified Fund Specialist (CFS) – A certified fund specialist has demonstrated expertise in mutual funds and the mutual fund industry. Those with a CFS often advise clients on which funds to invest in, and in many cases can buy and sell funds for their clients.
Certified Investment Management Analyst (CIMA) – Those with a CIMA designation focus on asset allocation, risk analysis, investment policy, and performance measurement for their clients. CIMA certification requires continual recertification to continue to hold the designation.
There are numerous other certifications available for financial and accounting professionals. If you’re serious about moving up in your finance career, be sure to check out the Financial Management Association, which offers a list of some of the most in-demand certifications.
Finance is an exciting, global industry that continues to evolve. For those looking for opportunity, choice, and advancement, a career in finance may be your best choice.