Are you aware of the lucrative ACCA salary in Dubai offered to an accounting professional? Are you looking to settle up a base in Dubai for an ACCA career? If yes, then you must know that Dubai has emerged as one of the major financial centers of the world as well as the business hub for the United Arab Emirates, South Asia, United Kingdom, and Africa. The growth of the economy has resulted in a sharp increase in demand for a wide range of occupations, from construction laborers to highly compensated finance and accounting specialists. Individuals with an internationally recognized credential such as the ACCA are eligible for a wide range of accounting roles across the globe. Continue reading to find out more about the ACCA pay in Dubai. This article provides an in-depth look at ACCA salaries in Dubai, factors affecting these salaries, and the career prospects for ACCA-qualified individuals in the region.
Scope for ACCA Careers in Dubai
Are you ready to know the future prospects of an ACCA career in Dubai? In the past few years, Dubai has shaped itself into a massive growing economically and financially developed hub in the Middle East. The city is a magnet for global companies and provides finance experts with an abundance of chances. A 2021 report shows that the UAE job market growth was 30%. The high demand for financial professionals like ACCA, CFA Certification, CA, and CPA, was also a part of that growth.
Accounting experts in Dubai can select from a variety of career opportunities depending on their expertise and experience in niche fields. Also, check steps to Become an ACCA. You should quickly review how your ACCA certification can serve as your pass to employment in Dubai and the range of tasks you can undertake:
Accountant
The backbone of any organization, accountants play a crucial role in collecting, tracking, and ensuring the accuracy of a company’s financial health. They analyze accounts, review financial statements and reports, conduct audits, and advise on areas for cost savings and efficiency. Fresh graduates can expect starting salaries of around AED 32,000 annually.
Financial Accountant
Taking the reins of an organization’s financial well-being, financial accountants are responsible for managing all accounting and financial activities. This includes preparing financial reports and advisory roles in the company on investment strategies. On average, financially certified accountants in Dubai earn around AED 132,000 per year.
Investment Advisor
Helping clients navigate the world of investments, investment advisors provide expert recommendations and conduct security analysis. They advise on investing in stocks, bonds, mutual funds, and other financial instruments. Some advisors even manage client portfolios. The average annual salary for investment advisors in Dubai is a staggering AED 370,000.
Accounting Advisor
Leveraging their expertise in tax planning and strategy, accounting advisors offer valuable guidance to businesses. They help streamline accounting processes, improve profitability, and enhance overall decision-making. Explore current ACCA job openings in Dubai directly through the ACCA website.
Taxation Expert
Taxation specialists provide a variety of consulting services to both individuals and businesses. They combine their knowledge of tax laws and finance with skills in accounting, auditing, and planning to minimize tax liabilities for their clients. Taxation experts in Dubai typically earn an average annual salary of AED 264,000.
Budget Manager
In the world of business, effective budgeting is key to success. Budget managers are responsible for overseeing budgets, requesting changes, approving transactions, and making recommendations based on financial data. Their duties also include developing complex budgets and tracking spending. On average, budget managers in Dubai earn around AED 42,000 annually.
Forensic Accountant
When financial misconduct or illegal activity is suspected, forensic accountants step in. These specialists combine their accounting, auditing, and analytical skills to investigate financial crimes. They prepare reports on their findings and may even be called to testify as expert witnesses in court.
Salary for ACCA Professionals in Dubai
If you are unaware that the salary for ACCA professionals in Dubai is attractive, but varies depending on your experience and the specific job role, then you must make a note of this. For all the entry-level ACCA certificate holders you might start around AED 10,000 per month, while seasoned professionals in senior finance positions like Manager can reach AED 40,000 or even higher. So, while the ACCA qualification unlocks strong earning potential, your career path within finance will significantly impact your salary in Dubai. Review below all your salary requirements in the blog.
What is ACCA Salary in Dubai Based on Experience?
Based on your notable experience you can land yourself a handsome amount of salary of ACCA job role. The ACCA professionals in Dubai can expect salaries based on years of experience levels. The table below shows the ACCA salary range you can expect based on your experience.
ACCA Salary in Dubai Based on Job Role
Your qualification in ACCA will open a plethora of opportunities among profitable professions in the finance industry in Dubai. The monthly salary range for entry-level ACCA practitioners is between AED 10,000 and AED 15,000. Moreover, the ACCA salary in Dubai increases with experience. While elite positions like Finance Manager can reach AED 40,000 or even more, mid-level occupations may see AED 15,000–25,000. The particular function and industry also matter; investment banking, for example, offers significantly greater potential earnings. The table combines AED and USD salaries. Senior Accountant and Senior Auditor have average salaries listed for the Mid Level column.
Top Benefits of an ACCA Career in Dubai
Have you ever thought why Dubai is the best option for you to kickstart your ACCA career? It is because there are a multitude of opportunities, career growth options, and advantages that you can grab by opting for Dubai as your landmark. Go through the pointers below, if you are still wondering about it.
Tax-Free Haven
Dubai offers zero income taxation, which also applies to ACCA professionals. Significant savings on income, capital gains, inheritance, and even real estate transactions result from this. These savings have the potential to grow into a sizable nest fund for the future.
Thriving Job Market
Dubai is a global center that draws well-known multinational corporations. Because these companies are always in need of qualified accountants, Dubai is a great place for ACCA graduates to work.
Elevated Standard of Living
Attractive reward packages, like housing allowances, yearly trips home, and health insurance, are provided by many employers in Dubai. In addition to attractive salaries and tax-free income, ACCA professionals in Dubai may look forward to a good level of living.
Global Networking Hub
International workers are drawn to Dubai by its diversified workforce. As a result, a special cultural and professional melting pot is created. For ACCA professionals, this setting expands skill sets, enhances experiences, and encourages cooperation on intriguing projects.
Fast-Track Career Progression
The combination of ample job opportunities and the globally recognized ACCA qualification empowers ACCA members to pursue management roles even early in their careers. This fosters rapid career advancement for ambitious individuals.
Conclusion
Thinking of kickstarting your international career after conquering the ACCA qualification in Dubai will be very promising. The qualification in the city not only offers a lucrative ACCA salary in Dubai to a professional but also boasts a top-notch lifestyle and a secure environment that lets you thrive both personally and professionally. If you enroll in the right ACCA course, it can significantly boost your confidence in landing an overseas job and establishing your accounting expertise. So, are you ready to take your career global? With the right training and Dubai’s booming job market, your future as an ACCA professional in this exciting city is bright!
