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How Much Does an ACCA Professional Earn in India by EduPristine

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20, Sep 2024

How Much Does an ACCA Professional Earn in India?

Hey there, so good to have you back again. Have you ever wondered how the earning potential of an ACCA-qualified professional compares to the prestigious Chartered Accountant (CA) designation in India? The ACCA qualification (Association of Chartered Certified Accountants) offers a globally recognized pathway to a rewarding career in finance and accounting. If you’re aiming for a career that spans both domestic and international markets, it’s essential to understand how the ACCA course can shape your financial future and how it compares to the well-respected CA qualification in terms of earning potential.

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What is an ACCA qualification?

The ACCA qualification is one of the most recognized global certifications within the realms of finance and accounting. It equips individuals with skills in aspects like financial management, auditing, and taxation, keeping in mind the demands of the international market. The ACCA course syllabus is designed to inculcate knowledge concerning both International Financial Reporting Standards and vital elements of Indian financial standards. Therefore, it is a versatile career opportunity for professionals looking to build a global career.

While the CA qualification is considered the most respected profession in India and is highly sought after in the domestic market, the ACCA course gives an edge to people who want to work with multinational companies or aiming to expand their careers across borders.

ACCA Net Salary in India: How Much Can You Expect?

In India, the ACCA qualification provides significant earning potential, especially for those who aspire to work in industries like financial services, consulting firms, and multinational corporations. A newly qualified ACCA professional can expect a starting salary between ₹6,00,000 and ₹8,00,000 per annum.

As professionals gain more experience, the salary can rise substantially. Senior ACCA professionals, with 5-10 years of experience, often earn upwards of ₹12,00,000 to ₹15,00,000 annually, depending on the industry and the company they work for.

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Comparison with the CA Qualification

It’s important to acknowledge that the CA qualification remains one of the most prestigious and respected certifications in India. A newly qualified CA typically earns between ₹7,00,000 and ₹9,00,000 per annum, which is quite similar to the starting salaries for ACCA professionals. However, as professionals progress in their careers, the ACCA qualification may offer more flexibility and opportunities in international markets due to its global focus, whereas the CA qualification is highly specialized in Indian accounting and taxation standards.

The actual difference between the two is in their respective career paths. In Indian companies, there is a great demand for CAs, while ACCA qualified individuals are most likely to occupy positions in international organizations that deal with IFRS or international finance. Since ACCA is globally recognized, it becomes easier for individuals to seek and secure work outside of India, providing more opportunities to relocate for professional reasons.

Factors Affecting ACCA Salary in India

ACCA SALARY IN INDIA, ACCA COURSE

1. Industry

Salary of an ACCA professional varies with the industry or the field in which they are working. The banking, financial services, and consulting sectors offer higher pay packages to professionals compared to the smaller firms and non-profit organizations. It is common for Multinational Corporations (MNCs) to offer better remuneration especially for roles that require IFRS knowledge or global financial practices expertise.

2. Experience

Like any qualification, the more experience you gain as an ACCA, the higher your salary potential. Freshers typically start at ₹6,00,000 to ₹8,00,000 annually, while ACCA professionals with over five years of experience can command salaries of ₹10,00,000 to ₹15,00,000 per annum, especially if they hold managerial positions.

3. Geographic Location

Remuneration is also heavily influenced by location. Therefore, ACCA professionals in major cities such as Mumbai, Delhi, and Bangalore, which have a higher concentration of financial services, tend to receive better salaries compared to those in smaller towns or cities.

4. Employer Size

The size of the company matters as well. ACCA professionals working for large MNCs, or Big Four accounting firms often earn significantly more than their counterparts in smaller firms due to the complexity and scale of the operations they handle.

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Why choose the ACCA course ?

The ACCA course meets global standards and has recognition in over 180 countries. It offers students the chance to pick from many specialties catering to different career paths in finance, accounting, and management.

The ACCA course details cover topics like Financial Accounting, Management Accounting, Corporate and Business Law, Financial Management, and Taxation, plus others. This wide range ensures that ACCA professionals understand both Indian and global finance practices fully.

The ACCA course duration typically takes about 2 to 3 years to complete, depending on the student’s pace of learning and previous qualifications. In contrast to the CA qualification, which requires mandatory articleship (work experience), ACCA offers students the flexibility to gain relevant experience either before or after the examinations.

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Selection of an Appropriate Institute for ACCA Training

Given the complexity of the ACCA course syllabus and the competitive job market, choosing the right institute for your ACCA course training is crucial. A well-structured course helps you navigate the challenging exam process and equips you with the practical skills needed to excel in the finance industry.

Studying with trusted resources like Kaplan is essential, but equally important is the guidance and support you receive from an established institute. Institutes like EduPristine, with its experienced faculty and focus on practical application, ensure that you are not only prepared for the exams but also equipped with the skills employers are looking for.

ACCA COURSE SYLLABUS, ACCA CERTIFICATION, ACCA COURSE FULL DETAILS

Conclusion

In a nutshell, both ACCA qualification and CA certification are bright career paths with excellent earning potential. Though the respect and authority of the CA qualification are unmatched in India, ACCA course the provides a career that is more globally oriented, with the possibility to earn well-paying salaries in both Indian and international job markets.

As an ACCA professional, you can expect to start with an attractive salary and watch your earning potential grow as you gain experience and specialize in areas like financial reporting, taxation, or auditing. And if you’re looking for an institute that provides the right blend of theoretical and practical knowledge, EduPristine offers a comprehensive ACCA course in India that makes you job ready. In addition to comprehensive ACCA course training, EduPristine provides valuable soft skills training and career services support to enhance professional growth and job readiness.

Talk to our experts now!

To know more about the ACCA course subjects , please feel free to visit our website at www.edupristine.com or get in touch with our expert ACCA course counsellors who would be more than happy to assist you at all times. You can also visit our centres in Mumbai and Delhi for a free face-to-face career counselling anytime between 10:00 am to 6:00 pm all throughout the week. We also strongly encourage you to read inspiring testimonials on our dedicated testimonials page from our past and current students. We hope to see you soon. Wishing you the best, and happy learning!

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