ACCA Career Scope and Job Opportunities in India and Abroad
Last Update On 2nd December 2024
Duration: 5 Mins Read
Understanding ACCAÂ
The Association of Chartered Certified Accountants (ACCA) is the largest and fastest-growing global professional accountancy body with 170,000 members and 436,000 students across 180 countries. Candidates are given all the relevant skills and knowledge for several financial roles through the ACCA certification. In this article, you will learn about the ACCA scope in India and job opportunities of ACCA professionals in India as well as globally along with their benefits and expected salary package.
The Importance of ACCA Certification
ACCA – The ACCA has been specifically built to cover a wide array of the key areas that are needed for someone to work in the financial services and accountancy industry. Our members work all around the world, so our people need various types of support at different times during their careers. The course will produce global corporate leaders who recognise international Corporate Finance trends. Following are the few boons of having ACCA certification
- Global Acceptance: ACCA is accepted in more than 180 nations and gives you great career prospects.
- Full Comprehensive Curriculum: Includes all the topics which are required to complete a career in finance and accounting.
- Career Growth: Leads to expanded career horizon and increased potential for earnings.
- Ethical Standards: Requires high ethical and professional standards in the financial industry.
Eligibility for ACCA in India
To enrol in the ACCA program in India, candidates must meet the following eligibility for ACCA in India.
- Educational Qualifications: Completion of 10+2 from a recognised board with a minimum of 65% in Mathematics/Accounts and English, and a minimum of 50% in other subjects.
- Graduates/Postgraduates: Those with a degree from a recognised university may receive exemptions for certain ACCA papers.
Professional Qualifications: Individuals with relevant professional qualifications (such as CA, and CMA) may also be eligible for exemptions.
Jobs After ACCA & Career Scope in India
Opportunities for the ACCA profession in India are growing day by day and there is now an enhanced requirement of skilled accountants who can cater to the demand across many sectors. Here’s what ACCA scope in India looks like-
- Public Accounting Firms: Perform audit, tax and consulting services.
- Corporate Finance: As a function of the F&A department or Management.
- Banking & Financial Services: Investment banking, Retail Banking and Financial advisory positions.
- Public Sector & Regulatory Bodies: Financial Regulation and Compliance Jobs
- MNCs: Dealing with international financial reporting and management.
Future of ACCA
Over the past decade, the world has seen a surge in the number of companies emerging in the accounting and finance sector. Moreover, several reputed companies are increasing their reach and operating from multiple countries across the globe. With the industrial landscape growing at such an immense rate, there is also an increase in the demand for professionals with globally recognised qualifications. Thus, qualifications like ACCA or US CPA are gaining popularity among students.
What Are the ACCA Job Opportunities and Salaries in India?
ACCA job opportunities in India are diverse and lucrative. Some common job roles and their average salaries include:
- Financial Analyst: INR 6-8 lakhs per annum
- Internal Auditor: INR 5-7 lakhs per annum
- Tax Consultant: INR 5-7 lakhs per annum
- Management Accountant: INR 6-9 lakhs per annum
- Financial Controller: INR 10-15 lakhs per annum
ACCA Salary in India Per Month
The monthly salary for ACCA professionals in India varies based on experience and job role. On average, ACCA-qualified professionals earn between INR 50,000 to INR 1,00,000 per month.
ACCA Fresher Salary in India
The pay scale might not be that high at the start but fresh ACCA graduates usually get a starting salary between INR 30,000 – INR 50,000 per month (salary varies with employer & location).
Which Companies Are Hiring ACCA in India?
Several top companies in India actively hire ACCA professionals, including:
- Big Four Accounting Firms: Deloitte, PwC, EY, and KPMG
- Multinational Corporations: Unilever, Nestle, Procter & Gamble
- Financial Institutions: HSBC, Standard Chartered, ICICI Bank
- IT Companies: Infosys, TCS, Wipro
- Government Agencies: Reserve Bank of India, SEBI
What Are the ACCA Job Opportunities and Salaries Abroad?
ACCA professionals are in high demand globally, with excellent job opportunities in various countries. Some popular destinations for ACCA-qualified professionals include:
- United Kingdom: Roles in financial analysis, auditing, and consultancy with average salaries ranging from £30,000 to £60,000 per annum.
- United States: Positions in corporate finance, investment banking, and accounting with average salaries ranging from $60,000 to $100,000 per annum.
- Middle East: High demand for ACCA professionals in banking and financial services, with salaries ranging from AED 15,000 to AED 30,000 per month.
- Australia: ACCA careers in financial planning, management accounting, and auditing with average salaries ranging from AUD 70,000 to AUD 100,000 per annum.
ACCA Salary Abroad
The salary for ACCA professionals abroad varies significantly based on the country, industry, and job role. On average, ACCA-qualified professionals can expect to earn:
- United Kingdom: £2,500 to £5,000 per month
- United States: $5,000 to $8,000 per month
- Middle East: AED 15,000 to AED 30,000 per month
- Australia: AUD 6,000 to AUD 8,500 per month
Perks of being an ACCA Member vs being an ACCA Affiliate
| ACCA Affiliate | ACCA Member |
| An ACCA Affiliate is someone who has completed all the 13 papers of ACCA but is yet to fulfil their work experience requirements. | An ACCA member is a person who has cleared all the levels of ACCA and has also fulfilled the PER. |
| Such professionals are not authorised to use ACCA as a suffix in their title. If done so, there may be disciplinary action taken by the board. | These professionals are authorised to use the ACCA suffix in their names. |
| An ACCA Affiliate is required to pay GBP 129 per year to be a part of the ACCA body. | An ACCA member is required to pay GBP 258 per year to be a member of ACCA. |
| An ACCA Affiliate will usually be hired at similar positions as a public accountant, an inter-CA or a CA. | An ACCA member may be offered similar profiles as an ACCA Affiliate, but ACCA Members will be placed much higher in the hierarchy. |
| As an ACCA Affiliate, you do not get the additional privileges that are offered to ACCA members | As an ACCA member, you have access to several resources and networking opportunities offered by the ACCA such as ACCA Connect, ACCA Member networking events, Job Portal for members, etc. |
In the coming years, the demand for ACCA among other international qualifications is going to increase remarkably because of the growing number of MNCs in India. If you’ve made the decision to become a global CA and are contemplating your next move, we can help you take a step forward. Check out our Association of Chartered Certified Accountants (ACCA) course to learn more.
Conclusion
The ACCA qualification offers a robust career path with significant ACCA careers for growth and high earning potential both in India and abroad. As the demand for skilled financial professionals continues to rise, ACCA-certified individuals are well-positioned to capitalize on this trend. Whether you work in India or explore opportunities globally, an ACCA certification can open doors to a rewarding career in finance and accounting.
FAQ’s on ACCA Career Scope and Job Opportunities:
What are the Job Opportunities After ACCA?
Job opportunities after ACCA include roles such as financial analyst, internal auditor, tax consultant, management accountant, financial controller, and more in various industries like public accounting, corporate finance, banking, and multinational corporations.
Is ACCA a High-Paying Job?
Yes, ACCA can be a high-paying job, especially as you gain experience and advance your career. ACCA professionals are well-compensated, with salaries varying based on the industry, location, and job role.
What is the salary of ACCA in India?
The salary of ACCA professionals in India ranges from INR 50,000 to INR 1,00,000 per month, depending on their experience and job role. Fresh ACCA graduates typically earn between INR 30,000 to INR 50,000 per month.
Who earns more, CA or ACCA?
Salaries for CA and ACCA professionals can be comparable, but it largely depends on the industry, location, and specific job role. Generally, both qualifications offer lucrative career opportunities, with CAs often having an edge in the Indian job market due to local recognition.
