ACCA Salary Insights Across 5 Countries

Years of professional qualification carry costs, but students discover after graduation that their income does not meet their expectations. Most Indian accounting candidates share this concern about their future income, especially when considering the ACCA academic path.

Does the ACCA qualification bring financial advantages throughout India and other countries?

ACCA (Association of Chartered Certified Accountants) has become hugely popular because of the expanding worldwide need for finance specialists. Workers receive diverse salary levels among different nations because of varying living expenses along with different economic variables and industrial market needs.

The blog provides insights into the ACCA average salary in India and discuss about ACCA qualifications in five different countries to help Indian accounting professionals plan their careers.

What is ACCA?

The ACCA course stands as a globally revered accounting qualification that has recognition status in more than 180 nations worldwide. Employees gain multiple career benefits through ACCA, along with salary rewards and adaptable learning opportunities.

We need to examine various national factors that affect the monthly compensation of ACCA professionals before reviewing actual salary data.

The average yearly salary for a Chartered Accountant in India is around ₹10 lakh, according to Ambition Box.

ACCA salary in India with job roles:

Job Title Salary Range (₹) Average Salary (₹)
Accountant ₹1,72,000 – ₹7,29,000 ₹3,48,171
Chartered Accountant ₹3,64,000 – ₹20,00,000 ₹9,85,808
Finance Manager ₹1,97,000 – ₹20,00,000 ₹9,67,750
Auditor ₹3,00,000 – ₹20,00,000 ₹6,25,710
Associate Auditor ₹2,52,000 – ₹8,39,000 ₹3,98,739

Key Factors Affecting ACCA Salary per month in India:

  • New professionals who begin their careers receive much lower compensation than their experienced senior colleagues.
  • An employee’s salary increases when they obtain certifications like CFA, CPA credentials, and IFRS certification.
  • Global accounting companies, including Deloitte and PwC, supply more substantial employment packages to their workers.

Now, let’s compare the ACCA average salary in India with four other top-paying countries.

ACCA Salary Comparison: India vs. 4 Other Countries

India’s economic expansion keeps growing because the nation has young demographics and political stability. The country provides numerous business prospects, which create optimistic professional opportunities in accounting and finance.

ACCA salary in India per month varies based on experience and role, making it a great career choice. The need for talent holding an ACCA certification has experienced rapid expansion in the Indian market throughout recent times. 

The completion of ACCA puts you in a position to pursue jobs in audit services and management accounting, as well as financial planning roles, treasury management, and regulatory positions within investment banking organisations. Major multinational organisations, including Deloitte, EY, KPMG, and PwC, among other international businesses, constantly recruit ACCA professionals.

ACCA provides worldwide employment options beyond the Indian national scope, which CA holds through its Indian-focused recognition. The global recognition of ACCA allows accountants to pursue opportunities for employment in the UK, Canada, and the UAE, as well as Ireland, Singapore, and many European states.

Each month, more than 100,000 global career vacancies become available, thus providing ACCA professionals with numerous excellent employment opportunities. Major companies in various places and from different business sectors actively recruit qualified aspirational workers because this approach simplifies their ability to find employment internationally.

The ACCA network consists of more than 7,000 approved global employers, together with nearly 80 international partnerships in the field of accountancy. ACCA provides an exceptional job portal for candidates who want to search for global employment opportunities.

1. ACCA Salary in India: What to Expect?

India’s financial sector is booming, but ACCA salary in India per month varies depending on the employer. Entry-level roles in audit firms, MNCs, and banks offer around ₹35,000 – ₹60,000 per month.

Top Companies Hiring ACCA Professionals in India

  • Big 4 (Deloitte, PwC, EY, KPMG)
  • MNCs (JP Morgan, Barclays, HSBC)
  • Indian Conglomerates (Tata, Reliance, Infosys, Wipro)

Salary Growth in India

  1. ACCA Fresher Salary In India (0-3 Years Experience)

ACCA Fresher Salary In India ranges from ₹4 lakh to ₹8 lakh per year, depending on skills, competitive abilities, and corporate hiring standards.

Candidates can submit job applications at this point since they passed 9 of the 13 ACCA papers that constitute the skill level requirements.

  • Expected Salary: ₹18,000 – ₹25,000 per month.

ACCA Affiliates, with their completion of all 13 papers, will secure more lucrative positions.

  • Expected Salary: ₹35,000 – ₹50,000 per month.
  1. Memberships in ACCA yield salaries between ₹10 to ₹12 lakh annually starting in the third year after membership acquisition. Professionals pursuing ACCA membership will need at least three years of proper work experience.
  • Expected Salary: ₹10 – ₹12 lakh per annum.
  1. ACCA Salary After 5+ Years of Experience

When professionals acquire five or more years of experience after membership status, they typically earn greater salary packages. 

  • Expected Salary: ₹14 – ₹16 lakh per annum.

2. ACCA Salary in the UK

In the United Kingdom, the Association of Chartered Certified Accountants maintains legal auditing authority and serves as an important member of CCAB.

Acquiring an ACCA certification for career development in the UK brings forth these salary expectations.

Fresher pay: £25,000 – £35,000 per year

Mid Pay: £40,000 – £60,000 per year

Senior-Level Salary: Starts at £65,000, often exceeding £100,000

3. ACCA Salary in the UAE

Dubai and Abu Dhabi offer tax-free salaries, making the UAE a prime destination for ACCAs.

  • Dubai and Abu Dhabi pay tax-free cash, so the UAE is a top place for ACCAs.
  • Freshers with ACCA in the UAE can get 4,000 AED to 7,000 AED.
  • For jobs in accounts, pay is 4,000 to 7,000 AED.
  • If you work as a finance head and have 1 to 2 years in the job, you can get 6,000 to 10,000 AED.
  • With 5 to 7 years in the job, your cash can rise to 17,000 to 20,000 AED.
  • Big banks and top 4 firms hire well, so the UAE has high pay and a good path for growth.

With international banks and Big 4 firms heavily recruiting, the UAE provides high salaries and excellent career growth.

4. ACCA Salary in Canada

ACCA certification leads to finance and accounting positions throughout different sectors of the economy despite unrecognised as a Chartered Accounting credential in Canada.

Expected ACCA Salaries in Canada

Entry-Level Roles: CAD 40,000 – CAD 60,000 per year

Mid-Senior Positions: CAD 65,000 – CAD 90,000 per year

Senior-Level Positions: CAD 100,000+ per year

5. ACCA Salary in Australia

Accredited recognition of ACCA qualification enables professionals to pursue either junior accounting roles or financial accountant positions throughout Australia.

Job Market & Opportunities

  • ACCAs possess multiple professional employment options, including audit and taxation and accounting and financial management positions. 
  • Professional accountants find it challenging to enter the workforce because high competition matches the increasing demand in this field.
  • Your opportunity to land an excellent position within the job market strengthens when you receive professional recognition from organisations such as ACCA due to the nationwide recognition of their qualifications. 
  • The city of Melbourne, along with Sydney, serve as ideal locations for accounting professionals because they hold the greatest number of financial positions available.

Expected ACCA Salaries in Australia

Entry-Level Accountant: AUD 78,222 per year

Mid-Level Accountant: AUD 92,344 per year

Senior-Level Accountant: Up to AUD 116,711 per year

Advance Your Accounting Career with ACCA at Imarticus Learning

The ACCA course is an investment in your future. The ACCA, UK, is the oldest and largest group for tax pros. It has a name in 180 lands. This well-known CA course helps you get top jobs in tax and cash work. It won the Best School in Tax prise at the 30th Elets World Meet 2024, which shows its worth.

At Imarticus Learning, we care for your job path. We give a 100% job pledge if you pass the first two ACCA tests. We know the ACCA tests seem tough, but we make them clear. At Imarticus Learning, you can take the class and tests as many times as you need at no extra cost. Our team will train you till you pass.

Secure your global finance career with ACCA course at Imarticus Learning. Get guaranteed placement, expert coaching, and top-tier training.

Enrol today and transform your future in accounting and finance!

FAQ

  1. Which country pays the highest salary for ACCA professionals?
    Senior ACCA professionals in Australia earn over AUD 100,000 annually as their annual compensation.
  2. How much can an ACCA fresher earn in India?
    An ACCA fresher in India can expect a starting salary ranging from ₹4-8 lakh annually based on their abilities and the organisation they work for.
  3. Is ACCA salary in the UAE tax-free?
    Yes, salaries in the UAE are tax-free, with freshers earning around 4,000–7,000 AED per month.
  4. Can I get a job in Canada with an ACCA qualification?
    Yes, freshers can earn CAD 40,000–60,000 per year, though you may also require CPA for career growth.
  5. Does ACCA guarantee a high salary worldwide?
    While ACCA boosts earning potential, salary depends on experience, job role, and location.

ACCA Salary Insights Across the Globe

So you’re eyeing a career in accounting and finance, and the prestigious ACCA qualification has caught your eye. But let’s be honest, financial security is a major concern. The question that probably keeps you up at night is: “How much can I realistically earn with an ACCA under my belt?”

Well, fret no more, curious minds! This article delves into the fascinating world of ACCA salaries, exploring global earning potential and shedding light on what factors can influence your paycheck. We’ll also take a specific look at the ACCA salary landscape in India, a country with a booming job market for qualified accountants.

What is the ACCA Course?

The ACCA (Association of Chartered Certified Accountants) qualification is a globally recognised professional program that equips you with the knowledge and skills to excel in accounting, finance, and management. It’s a journey of dedication, but the rewards can be significant, as we’ll soon discover. You can find more details about the ACCA course on our website.

ACCA Salary in India

For our Indian audience, let’s get straight to the rupee-levant details! The average annual salary for ACCA qualifiers in India can vary depending on experience, location, industry, and the specific role. On average, the ACCA salary in India for articles and members is INR 3,00,000 to INR 14,20,000. But to give you a ballpark figure, experienced ACCA members in India can typically command salaries in the range of ₹9 lakhs to ₹23 lakhs per annum. This is just the salary for managerial roles and even more senior leadership positions such as finance director would pay even more.

ACCA Jobs in India​

The good news is that ACCA careers India opens doors to a wide range of exciting career opportunities in this country. Some of the high-demand areas for ACCA professionals include:

 

  • Management Accounting
  • Financial Reporting
  • Taxation
  • Risk Management
  • Corporate Finance

Global ACCA Salary Landscape

Now, let’s broaden our horizons and explore the global ACCA salary scene. The beauty of the ACCA qualification is its international recognition. This means your skills and expertise are valued by employers worldwide.

Here’s a glimpse into what ACCA members can expect to earn (average salaries) in some key countries:

Factors Affecting ACCA Jobs in India​

Remember, these are just general ranges. Several factors can influence your ACCA salary, including:

  • Experience: The more experience you have, the higher your earning potential.
  • Location: Salaries tend to be higher in developed countries and major financial hubs.
  • Industry: Certain industries, like finance and consulting, typically offer higher salaries for ACCA professionals.
  • Employer: Larger companies and multinational corporations may offer more competitive salaries.
  • Job Role: Specialised roles and leadership positions generally command higher salaries.
  • Skills and Expertise: Developing additional skills like data analytics or forensic accounting can boost your earning potential.

The Power of Negotiation

Don’t be afraid to negotiate your salary! Research the market rate for similar positions with your experience level and qualifications. This will give you a strong foundation for confident negotiation.

Continuous Learning is Key

The world of finance is constantly evolving. To stay ahead of the curve and maximise your earning potential, commit to continuous learning. Pursue additional certifications, attend industry events, and stay updated on the latest trends.

The Global Reach of the ACCA

The ACCA qualification isn’t just a ticket to a good job in India. It’s a passport to a global career. ACCA is recognised worldwide. This opens doors to exciting opportunities across the globe. From bustling financial centres like London and New York to emerging markets in Asia and Africa, ACCA professionals are in demand.

Key Considerations for Career Growth

While the potential earnings are enticing, remember that salary is just one piece of the puzzle. Consider these factors when planning your career path:

  • Work-life balance: Look for roles and companies that align with your personal priorities.
  • Career progression: Explore opportunities for advancement within your chosen field.
  • Professional development: Continuously upgrade your skills through further education, industry certifications, and professional development courses.
  • Networking: Build strong professional relationships. Attend industry events, join professional associations, and connect with other ACCA members.

Conclusion

The ACCA qualification can significantly enhance your earning potential and open doors to a fulfilling career in finance. By understanding the global salary landscape, developing in-demand skills, and actively pursuing career growth opportunities, you can maximise your earning potential as an ACCA professional. Remember, the journey towards financial success is a continuous one. Embrace lifelong learning, adapt to new challenges, and strive for excellence in your chosen field.

Frequently Asked Questions

What are the highest-paying industries for ACCA salary in India?

Generally, industries like investment banking, consulting, and private equity tend to offer higher salaries for ACCA professionals.

How can I increase my earning potential as an ACCA professional?

Focus on developing specialised skills, such as data analytics, financial modelling, and risk management. Gain relevant experience in high-growth sectors and actively network to build your professional connections.

What is ACCA course?

The ACCA qualification provides you with a globally recognised credential, enhancing your career prospects and opening doors to international opportunities. It also equips you with valuable skills and knowledge that are highly transferable across various industries.

How can I stay competitive in the evolving financial landscape?

Continuous learning is crucial. Stay updated on the latest industry trends, regulations, and technologies. Explore opportunities for further professional development and consider pursuing additional certifications or specialisations.