ICWA- A good choice to build a career in financial management!


ICWA is definitely a good course for students who wish to pursue a career in finance and management. The course will enable them to excel in areas of cost accounting and managerial accountancy. After the completion of ICWA course, candidates can look for career options like financial analyst with a starting salary of around Rs 25,000/-.

ICWA course curriculum focused on financial management

ICWA syllabus is framed according to the International Education Guidelines (IEG) put forward by IFAC. This course is subdivided into 3 segments-Foundation, Intermediate and Final segments. Candidates have the option to choose between postal and oral coaching. They can register any time for this course during the year. Students can appear for an exam six months after the date of registration. Exams are usually scheduled in the months of June and December.

Subjects covered in these 3 segments are as mentioned below:

Foundation level

  • Organization & Management Fundamentals
  • Accounting
  • Economics and Business Fundamentals
  • Business Mathematics, Statistics

Intermediate Level

  • Commercial and Industrial Laws and Auditing
  • Financial Accounting
  • Cost & Management Accounting
  • Applied Direct Taxes
  • Applied Indirect Taxes
  • Operation Management and Information Systems

Final Level

  • Management Accounting –Enterprise Performance Management
  • Capital Market Analysis & Corporate Laws
  • Financial Management & International Finance
  • Indirect & Direct - Tax Management
  • Advanced Financial Accounting & Reporting
  • Cost Audit & Operational Audit
  • Management Accounting -Strategic Management
  • Business Valuation Management

Career opportunities in Financial Management field after ICWA

After the completion of ICWA course, candidates would be capable of managing the finances of a business organization. Job profiles available for ICWA degree holders:

  • Internal Auditor
  • Finance Manager
  • Cost Controller
  • Excise Auditor
  • Cost Auditor

To work in these profiles an ICWA professional will require immense knowledge and expertise to handle various types of accounting work. These job profiles offer high remuneration packages of more than Rs. 6,00,000/- to Rs. 8,00,000/- per annum.

Other course options to make a career in Financial Management

Apart from the ICWA course, candidates can opt for Chartered Accountancy or Chartered Financial Analyst or MBA in Finance too. Those who have interest in the fields of accounting and taxation can choose CA course. CA holders have to deal with the overall financial management aspect of the company. MBA in Finance is best suited for those who desire to build up a career in the field of financial analysis. On the other hand those interested in the investment sector or stock market jobs can opt for CFA programme.



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8 Responses to “ICWA- A good choice to build a career in financial management!”

  1. 8


  2. 7
    kirankumar s t:

    tell me time duration of cource icwa and fee structure

  3. 6

    CA IS EASY, COACHING CENTERS CAN SHOW MORE PASS % FOR CA.CA COACHING CENTERS ARE MORE. IN ICWAI THAT % IS IMPOSSIBLE.Pass % of CA is 400% more than ICWAI.at least 25% of CA passed candidates might have started CA and ICWAI simultaneously, they have passed CA, if they have passed ICWAI,the number of ICWAIs might have exceeded 40000 (some exclusively attempt and pass ICWAI. If this is also added, then number of ICWAIs would have crossed 75000). They were able to clear CA but failed in ICWAI.

  4. 5
    navin prakash AM:

    what is the scope of ICWAI with B.Tech and MBA ?
    In 10 standad i scored 56% where as in 12 i scored 56.8%
    and in my B.Tech my cgpa is 6.46 , where as in my MBA i have cgpa 6.5 with 2 arrear I was thinking after clearing 2 arrear paper if i do ICWAI i can get placement. Please guide me for placement and ICWAI.

    With Regard’s

  5. 4
    K K Asthana:

    what is the scope of ICWA degree for a senior person of 54 years oldd

  6. 3

    i am really confused whether to take up postal or oral coaching for cwa intermediate stage and is possible to clear at one shot cwa without taking any private classes.

  7. 2
    sejal purabiya:

    PlzGive me the full detail about C.A. cource?

  8. 1

    What is the scope of ICWA degree for a senior person of 54 yrs old