Three In-demand Finance Certification 2022
The World Economic Forum launched the ‘Reskilling Revolution’ at their 50th annual convention in January 2020 to address the challenges of an economic and technology-driven market. The World Economic Forum initiated this program to provide education, skills, and jobs to one billion people by 2023.
In response to the COVID-19 pandemic, the World Economic Forum’s Future of Jobs study, 2020, recommends prioritizing cloud computing, big data, and e-commerce. According to the report, 43% of organizations may reduce their workforce as a result of technology integration, while 34% expect to expand their personnel as a result of technology integration.
As the in-demand skills are anticipated to change, the talent gap is expanding. Nearly 40% of personnel are expected to undertake reskilling for six months, while a whopping 94% of employers expect their employees to learn new skills and technologies.
Here are a few in-demand finance certification 2022:
Irrespective of the business industry type or size, financial risk management is crucial. The Global Association of Risk Professionals (GARP) offers the Financial Risk Manager (FRM) certification, which verifies that a person’s knowledge of risk management ideas is validated by worldwide professional standards.
Financial risk management, in its broadest sense, is the active activity of protecting a company’s economic value by reducing and mitigating risk exposure through various financial processes.
Candidates must pass a two-part comprehensive exam and have two years of financial risk management job experience to earn the FRM credential.
One of the most commonly recognized certifications for financial management is that of a Certified Public Accountant. The credential of a certified public accountant (CPA) verifies an accountant’s knowledge of taxation, auditing, compliance with regulations, and financial analysis. CPA-certified accountants are in high demand by many employers. Accountants can improve their career prospects, job stability, and income potential by acquiring a CPA license.
Those who have proved competence in the discipline of accounting are awarded the certification of Certified Public Accountant (CPA) by the American Institute of Certified Public Accountants (AICPA). The candidate must finish 150 hours of the CPA course semester to get the CPA license. A minimum score of 75 is required to pass a part of the CPA Exam. The results are given on a scale ranging from 0 to 99.
The Financial Planning Standards Board (FPSB) provides a professional certification course in financial planning to individuals who want to pursue financial planning as a career. It consists of assessing the customer’s financial situation, devising a financial strategy for the client, and putting the strategy into action for the client’s advantage.
To be certified as a CFP by the FPSB, a candidate must have completed class 12th and passed five exams covering all six modules of the certification program, and Challenge Status Pathway candidates must have completed Chartered Accountant or Intermediate level, Chartered Financial Analyst, ICWA, CAIIB, Company Secretary, LLB. You can check the eligible list on the official examination website.