The pay package depends on two factors:
1. The Company
2. The Profile
When I started working with PwC as an ACCA affiliate, straight out of college, my pay package was equivalent to that of the fresher CAs in my company (Ranging from Rs. 7 to Rs. 9 lacs). Moreover, I worked on the same projects, and in the same teams as the CA freshers.
There is a rush of startups now. Starting your own business can be an exciting as well as a nerve-wracking time. Exciting because you have this commercial entity that is all yours and you can mold it to suit your dreams. And nerve-wracking because any mistake you make, even a minor one, can come back to haunt you.
ACCA members are offered jobs at par with ICAI members in terms of profile and pay, in organisations such as the Big 4 and MNCs. ACCAs are in demand in the Big 4 and MNCs because these firms follow global accounting practices in their day to day work. With increasing FDI, more international firms coming to India, and even Indian firms expanding geographically, India is bound to adopt IFRS soon.
If you’ve made up your mind to complete both the qualifications, the most optimum way forward would be this: Begin with CA and complete up to the IPCC examinations.You will have approximately 2 years of work experience (articleship) before you begin studying full-time for Final CA.
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