Banking, Finance & Insurance

Sorry to disappoint you my friend but it won't help much.
First of all for getting B Schools outside India you need minimum experience of around 5 years. Foreign B-Schools don't accept freshers. So first look into that. CFA (Chartered Financial Analyst) is certifications for those who are looking to get into money/asset management. If you are looking to work as an equity research analyst of portfolio manager and other such jobs then CFA can help. But again there are 3 levels of CFA. For it to be of any use you need to clear at least two levels then only you would have enough knowledge to work as an equity research analyst or other such jobs. So CFA alone won't help.
If you are already in finance sector and trying to change job or climb up the ladder then it may be a bit helpful. They will give lot of experience to your job experience as such. So do thorough research of requirements of the top B-schools and then make a well informed decision. There is no point doing CFA just for sake of adding something to your resume.

Yes, it increases your chances but it is not necessary.
So, why do CFA or FRM? These are courses for individuals interested in specific fields. CFA (Chartered Financial Analyst) is for the ones who want to go in money/asset management. Those interested in equity research and analysis finds this course interesting. FRM (Financial Risk Management) is for those interested in risk management of various investments. So pursue these courses only if you want to go into that particular field and are genuinely interested. CFA takes almost one year for each level. There are three such levels. Only having level one will not help much for your career. During the interviews for admission it will surely sow your interest in finance as such. For CFA you need to put in lots of hours of study, so if you are not interested don't do it. Most of the students entering IIMs don't have a CFA. So it is okay not to have such certifications. Just go through the portions of the exam and see if you are interested.

Hello,
CFA have following benefits:
Gold Standard - The CFA charter equips you not only to enter the profession, but also to excel.
Global Passport - Earn waivers from regulatory agencies, graduate programs, and more.
Prestigious Network - Connect with an exclusive group of outstanding investment professionals.
Strong Ethical Foundations - Gain confidence and clarity in navigating ethical issues.
Unmatched Expertise - Our rigorous curriculum will equip you for complex investment decisions.
Career Resources - Gain access to career guides, thought leadership, and continuing education.
The CMA, for more than 40 years, the CMA (Certified Management Accountant) certification has been the global benchmark for management accountants and financial professionals. Why? Because CMAs can explain the "why" behind numbers, not just the "what." And that can give you greater credibility, higher earning potential, and ultimately a seat at the leadership table.
In comparison, they are actually qualifications for very different career paths. CMA, which stands for Certified Management Accountants, are designed for accountants working outside of CPA firms. This essentially means 3/4 of all accountants working in various industry and corporate functions. The CMA is most applicable for those who deal with cost and inventory accounting.
CFA, which stands for Chartered Financial Analyst, is a designation for finance and investment professionals those working in equity research, asset management, hedge funds and other types of investment management.
As you can see, these careers don't have much overlap. If you are working (or aspire to work) in either profession, you should be clear which qualification you should be aiming for.

Government sector jobs after CFA course:
Many governmental organizations are there in our country that takes in efficient Chartered Financial Analyst. A few of those firms include:
Airport Authority of India
Bharat Earth Movers Limited (BEML)
Neyveli Lignite Corporation Limited
Oil and Natural Gas Corporation Limited (ONGC)
State Infrastructure Development Corporation Limited
In addition to these, many banks also take on company secretaries. A few other job areas in the public sector are:
Accounts Branch of the Central Government Law Services
Bureau of Public Enterprises
Government Financial Institutions
Stock Exchanges
Individuals also have the option to work with universities and colleges. With the right combination of expertise as well as experience, one can get promoted to senior positions such as Managing Director, Chairman and Directors in firms of repute.

Career options after completing a finance degree:
With Masters in finance and accounting degree in finance, you could have your choice of career in the financial domain. Some of your choices include careers in the areas of corporate financing, commercial banking, money managing, investment banking and financial planning.
Job opportunities:
1. Financial analyst
Work for: commercial banks, brokerage firms, insurance companies, government
2. Securities, Commodities, and Financial Services Sales Agent
Work for: brokerage firms, investment banks, trading companies
3. Financial Manager
Work for: any type of company
4. Personal Financial Advisor
Work for: insurance companies, real estate companies