ACCA Salary in India- Everything Explained in Detail!

Introduction

“What sets the ACCA qualification apart from the rest? Before continuing on to the topic of ACCA salary in India, let’s quickly introduce ACCA – The Association of Chartered Certified Accountants. This is an internationally recognized qualification given to accounting and finance professionals that gives them a unique competitive edge across the globe, including India. An ACCA certificate opens up many career opportunities and boosts earning potential in the country.

This qualification has great appeal, making the individuals who possess them much sought-after by employers in various sectors. Not only does an ACCA certification come with increased job security, but it also brings the opportunity to earn good money; many businesses provide a higher pay package for those who have completed their ACCA study, compared with those without such qualifications or with less applauded credentials.

A qualification from ACCA provides you with valuable skills you need for your professional development, not just more money. You will gain confidence in your work as a result of building up your knowledge of accounting and finance. Furthermore, the courses also provide you with network contacts within the industry who can provide you with valuable resources and industry insights that can be useful for advancing your career.

ACCA-qualified professionals are open to endless career advancement opportunities and personal development. Being part of a larger professional network will help you gain more confidence than you would otherwise have. Moreover, it offers specialized resources and knowledge that can assist you in advancing quickly within your chosen field.

Salary of ACCA Freshers in India

ACCA salary in India is as a qualified professional in India. A solid foundation in accounting and finance can open up many career opportunities and significant financial rewards for those with an ACCA qualification. You will find detailed information about the ACCA salary in India as a fresher with an ACCA certification in this part of the blog.

When it comes to the ACCA salary in India for freshers, there are various elements that help determine what you can earn. According to a PayScale survey, executives working at top Fortune 500 corporations can anticipate an average income of Rs 5 lakhs – Rs 20 lakhs per annum. On the other hand, entry-level staff may expect to make between Rs 3 lakhs – Rs 10 lakhs annually. These amounts could differ depending on the industry and geographic area you’re in.

The industry you work in, along with your job role, can also greatly influence your salary potential as an ACCA graduate. According to a survey, accountants with ACCA qualifications in banking and finance made an average salary of Rs 4-7 lakhs per year. In comparison, accountants with the same qualifications in consulting and business services made an average salary of Rs 6 to Rs 11 lakhs.

Professional ACCAs Salary in India

An ACCA qualification can make a significant difference in ACCA salary in India for professionals. You will not only be able to apply for higher-paying jobs, but you will also demonstrate your commitment to improving your skills. The amount of salary difference will vary depending on several factors, including experience and education level. Still, those who have an ACCA qualification generally earn more than those who do not.

Specific ACCA pay in India for those with credentials is likely to vary according to the work function, industry, and region. However, a recent survey by Topcompare found that ACCA professionals in India can earn anywhere from INR 20 lakhs a year up to even INR one crore or above per year.

Over the past few years, the demand for ACCA-certified professionals has been steadily growing, and this trend is expected to continue. It is highly sought after by professionals in India today because they possess a deep understanding of accountancy and taxation systems.

A professional salary in India today is significantly boosted by having an ACCA certification. It is now a great time to pursue your ACCA qualifications if you want better earning potential and greater career possibilities. The demand for ACCA qualifications is expected to continue into the future.

You can also read our other blogs- FRM salary in India, Banking course

Salary of an ACCA in the Government Sector in India

They possess the knowledge and experience required by many government departments, such as accounting, finance, taxation, and auditing, making them ideal candidates for many roles within this sector.

ACCA professionals working in the Indian government sector often earn more than non-ACCA professionals. According to recent data, the typical ACCA pay in India in the government sector could range between Rs 7 and Rs 10 lakh per year, based on experience and department. Bonuses and other benefits can make this figure significantly higher.

The salary of an ACCA in India may vary depending on a variety of factors, including location, qualifications, and economic conditions. Furthermore, ACCA salaries in India can also vary across different departments and agencies within the Indian Government. In order to ensure you receive a competitive salary package, it is essential that you do your own research before applying for any specific role within this sector.

ACCA salaries in India in the Government Sector are generally higher than those in other sectors or countries because of their high demand and specialized skill set when compared to their counterparts in other sectors. Nevertheless, if you’re thinking about switching to this field, you should weigh your options carefully before making any commitments – especially if it’s related to your career prospects or finances.

Salary of an ACCA in the Private Sector in India

With the Association of Chartered Certified Accountants (ACCA), professionals have the opportunity to become qualified accountants. A career with ACCA provides a plethora of work prospects in the private sector in 180 countries around the world.

Having this qualification can set you apart from other accounting professionals and make you more appealing for higher-level, higher-paying opportunities. The increasing number of employers looking for candidates with ACCA certifications is increasing the number of job openings. Because of such expanding opportunities, your career trajectory will grow, resulting in a salary that matches that growth.

With an ACCA designation comes not only increased salary and higher positions in India but also a range of benefits. Employers may offer extra holidays, more flexible hours, and discounts on products or services, which add to the lifestyle perks. Moreover, the recognition of your ACCA qualifications gives you access to resources and training opportunities that help your professional growth. This can be especially advantageous while changing career direction or taking on a new challenge in the same industry.

It is also possible to develop your career prospects through the attractive salaries offered by some of the Big 4 consulting firms like KPMG, Ernst & Young,PwC, and Deloitte in the Indian private sector. The average ACCA salary in India has been reported to be between Rs 4-6 lakhs per annum once trainees have completed their trainee program, depending on the area of specialization they choose.

Is ACCA’s salary determined by Certifications?

There are numerous advantages to becoming qualified in this sector, including high ACCA salaries in India and prospects for career progression.

You should be aware that the amount of ACCA salary in India depends on a number of factors, including your industry, sector, and experience. The average salary of those with ACCA qualifications tends to be higher than those without.

An ACCA salary in India, for example, ranges between 5-25 lakhs per annum for those who have obtained a Master’s level ACCA certification. The average Executive level professional with an ACCA certification earns 5-10 lakhs a year. In addition, if you specialize in an especially coveted area (such as banking or audit), you can earn up to 50 lakhs a year.

It’s vital to remember that salaries for ACCA professionals in India vary significantly according to sector and industry. For example, corporate finance and capital budgeting will be rewarded more generously compared to other financial fields; and whilst tax preparation and filing offer comparatively lower wages than other finance jobs, the amount of experience one has also influenced their earning potential – usually, more experienced candidates will be better monetarily compensated than those with less expertise.

ACCA qualifications are definitely an asset when it comes to finding lucrative employment options – whether you’re just starting out or looking to change careers! In addition to their industry-recognized certifications, they offer tailored courses that meet individual needs.

Top 8 Companies in India that Pay High ACCA Salaries

If you are an ACCA professional seeking a lucrative career in India, then you must be wondering what are the top 8 companies that pay high ACCA salaries in India.

• Wipro: Being one of the country’s leading IT and consulting companies it offers an average ACCA salary in India of INR 7 lacs per annum. In addition to its performance-driven bonus scheme.
• Deloitte India: A leading international audit and the advisory firm offers an average ACCA salary in India of INR 8 lacs per annum, along with attractive bonuses based on performance.
• Accenture India: ACCA experts with Accenture can earn an annual salary of INR 9 lacs, plus bonuses and other perks based on performance reviews. Accenture offers its employees excellent career development opportunities as well as a great work environment.
• TCS India: The average ACCA salary at TCS in India is INR 10 lacs per year, along with bonuses and other incentive schemes based on performance reviews by senior managers.
• PwC: It offers competitive salaries in India to ACCA-qualified individuals with around ten years of experience. The typical ACCA pay in India at PwC is over 14 lakhs per year, rising to more than 20 lakhs for individuals who advance to management roles.
• KPMG India: KPMG India: With roughly 9 years of experience, ACCA-qualified professionals can easily earn up to 18 lakhs per year.
• EY (Ernst & Young: A typical ACCA salary in EY India ranges from 12-19 lakhs annually, depending on your responsibilities at EY.
• HSBC Bank India: ACCAs can earn an impressive salary of up to 11 lakhs per year. The bank offers excellent growth opportunities as well as attractive perks such as travel reimbursement.

ACCA Salary Factors in India

If you’re an ACCA student or a professional accountant seeking to advance your career in India, knowing the factors that affect your salary can be helpful.

The more relevant experience you have, the more opportunities you will have for career growth and higher pay with higher-level roles. Experience plays a major role in determining your ACCA salary in India. In order to increase your value as an ACCA professional, it is important to gain experience in accounting and/or auditing.

It is also important to know where you work as an ACCA professional in India because metropolitan areas like Mumbai and New Delhi tend to offer higher salaries than suburban areas. Try applying for jobs in major urban hubs in the country if you want a better salary.

In terms of salary, the size of the organization where you work also matters. Larger companies tend to offer higher salaries because they have more resources and access to advanced technology. A smaller company, on the other hand, may offer a lower salary but a better work-life balance or a wider variety of job opportunities.

Aside from the job role and responsibilities, there are other factors that can affect your ACCA salary. As an example, senior positions require more technical skills and knowledge than entry-level positions like financial analysts/accountants and tax preparers, they typically get paid lower wages but provide valuable experience that may lead to bigger possibilities in the future.

The industry is significant in determining an individual’s salary. Multinational corporations, especially financial services companies, usually provide more lucrative wages due to the nature of their business. Companies whose specialized accounting services are in high demand can also offer more attractive salaries. Moreover, those who are willing to relocate to a different state or city may discover greater earning potential than what is locally available.

Performance and achievements are important factors that employers consider when it comes to ACCA salaries in India. Those who exceed expectations or have achieved goals relevant to the company are often rewarded. Networking abilities, professional qualifications, and certifications such as CPA /CA can further amplify earning capacity. Those with additional certifications tend to discover higher-paying jobs due to their unique skillset.

Finally, negotiation skills come into play when discussing pay raises or bonuses with employers. You must demonstrate your value through hard work and negotiation skills. As they allow individuals to make a case for why they deserve additional compensation based on their contribution level at the workplace, effective persuasion strategies may help them earn higher wages than initially offered by employers.

Conclusion

It might be a good idea to pursue a professional career in finance by studying the internationally recognized ACCA qualification. As a result of its significant earning potential and career progression opportunities, the Association of Chartered Certified Accountants (ACCA) has become increasingly popular among leading organizations in India and around the world.

In addition to increased income, earning an ACCA confers additional benefits such as career alternatives and advancement for individuals seeking improved work prospects both in India and overseas, as enhanced skills and knowledge may be applied both professionally and personally. Altogether, it’s a rewarding career with ample opportunities.