Must-Have Accounting Certifications for Career Growth in Malaysia

In Malaysia’s competitive finance and accounting industry, the right certification can make all the difference. Whether you want to land a high-paying job, move into leadership, or specialize in taxation or auditing, getting certified is a strategic move. Here are the must-have accounting certifications that will help you stand out.

By Matt Khoo on 2025-03-20 at 2:19 AM

Updated on 2025-03-20 at 2:19 AM

Why Accounting Certifications Matter

Accounting isn’t just about crunching numbers—it’s about financial strategy, compliance, and risk management.

With companies demanding highly skilled professionals, earning a certification can:

✔ Increase your salary potential
✔ Open doors to international job opportunities
✔ Strengthen your credibility in the industry
✔ Help you specialize in niche areas like taxation, auditing, or Islamic finance

If you're still deciding between accounting and finance as a career, check out this guide on Finance vs. Accounting: Which Career Path is Right for You?.

Top Accounting Certifications in Malaysia

1. Association of Chartered Certified Accountants (ACCA)

One of the most recognized certifications worldwide, ACCA is ideal for those looking to work in global firms or multinational corporations.

✔ Who It’s For: Aspiring accountants, auditors, and finance professionals
✔ Why It’s Valuable: Recognized in 180+ countries, widely accepted by Big 4 accounting firms
✔ Exam Structure: 13 exams covering financial reporting, taxation, and professional ethics

Best for: Those who want global career mobility

💡 Salary Insight: Professionals with an ACCA qualification earn up to 30% more than those without certifications. Learn more in our Finance Salary Guide 2025.

2. Chartered Accountant (CA) – Malaysia

To officially practice as an accountant in Malaysia, you need the Chartered Accountant (CA) title granted by the Malaysian Institute of Accountants (MIA).

✔ Who It’s For: Accountants who want to work in Malaysia
✔ Why It’s Valuable: Mandatory for accountants offering professional services locally
✔ How to Get It: Requires an accredited accounting degree and relevant work experience

Best for: Those planning a long-term career in Malaysia

💡 If you're considering other career options in finance, check out Alternative Career Paths for Finance Professionals.

3. Certified Public Accountant (CPA) – CPA Australia & MICPA

CPA qualifications, offered by CPA Australia and the Malaysian Institute of Certified Public Accountants (MICPA), are highly regarded for finance leadership roles.

✔ Who It’s For: Accountants aiming for senior finance or CFO positions
✔ Why It’s Valuable: Strengthens credibility in financial reporting, governance, and taxation
✔ Exam Structure: Covers advanced auditing, risk management, and strategy

Best for: Aspiring finance leaders and C-level executives

💡 If you’re deciding between audit or taxation, check out Audit vs. Taxation: Which Finance Career Path is Right for You?.

4. Chartered Financial Analyst (CFA)

Although CFA is often linked to investment banking and asset management, it’s also valuable for accountants in corporate finance.

✔ Who It’s For: Accountants focusing on financial analysis, corporate finance, and risk management
✔ Why It’s Valuable: Recognized worldwide, enhances expertise in valuation, investment, and portfolio management
✔ Exam Structure: Three levels covering financial reporting, risk analysis, and ethics

Best for: Finance professionals looking to pivot into investment or risk management

💡 Want to understand how AI and FinTech are shaping finance careers? Read The Future of Finance: How AI & FinTech Are Changing Finance Jobs.

5. Certified Management Accountant (CMA)

If you're interested in business strategy, financial planning, and management accounting, the CMA certification is a great option.

✔ Who It’s For: Finance professionals who want to work in business leadership, budgeting, or consulting
✔ Why It’s Valuable: Focuses on strategic decision-making and corporate finance
✔ Exam Structure: Two parts covering financial planning, cost control, and performance management

Best for: Aspiring finance directors and business strategists

6. Islamic Finance Qualification (IFQ)

Malaysia is a global leader in Islamic finance, and the IFQ certification is essential for those looking to specialize in Shariah-compliant finance.

✔ Who It’s For: Finance professionals in Islamic banking, Takaful, and investment firms
✔ Why It’s Valuable: Covers Islamic finance principles, risk management, and ethical investment
✔ Exam Structure: Focuses on Shariah law, Islamic financial products, and compliance

Best for: Those interested in Malaysia’s booming Islamic finance sector

💡 Curious about working in Islamic finance? Explore Finance & Accounting Careers.

Choosing the Right Certification for Your Career

If you want:

✔ Global career opportunities → ACCA, CPA, CFA
✔ To work locally in Malaysia → CA (Malaysia), MICPA
✔ To move into finance leadership → CMA, CPA
✔ To specialize in Islamic finance → IFQ

Whichever certification you choose, investing in professional qualifications can significantly boost your career prospects and salary.

The right accounting certification isn’t just about passing exams—it’s about future-proofing your career. Whether you want to specialize, earn a higher salary, or move into leadership, getting certified can help you stand out in Malaysia’s competitive finance industry. Ready to take the next step? Explore jobs on Hiredly, join the Hiredly Young Talent Community, and take the Hiredly Work Personality Test to find your perfect career fit!

By Matt Khoo on 2025-03-20 at 2:19 AM