Starting with the salary structure after completing the ACCA course the candidates can expect a good range of salaries across the globe. When someone qualifies for the course the starting range of salary ranges from £25,000 to £35,000 per year in the UK and around INR 6 lakhs in India. The salary increases as and when the experience of the individual increases, and also if the candidate gets enrolled in further courses. The exact salary is dependent on the location, industry, and size of the company the individual belongs to. The average salary for acca qualified accountant in london is INR 48 lakhs and in India it is said to be anything between INR 19-30 lakhs.
In this article, the readers will be able to know about the following:
- ACCA Salary in India
- ACCA Salary for Freshers
- ACCA Salary for Experienced Personnel
ACCA Salary in India
An ACCA-qualified professional at an entry-level typically makes a good pay compared to other accounting certifications with figures usually beginning from around ₹6-10 lakhs (in India) in annual range. As their experience increases and they move into specialist or senior roles, the salary can escalate to as high as ₹15–25 lakhs at least if not even more for experts with extensive years of know-how in the field. Since the Indian economy is growing and financial rules are getting more complicated, the demand for professional accountants with ACCA credentials have also increased. The salary for ACCA (Association of Chartered Certified Accountants) professionals can vary significantly depending on factors such as geographic location, level of experience, industry, and specific job roles. Here’s a detailed overview of the typical salary ranges for ACCA-qualified individuals:
Salary for ACCA in India for Freshers
The freshly qualified ACCA individual’s salary ranges from 4-6 lakhs per year. These entry level jobs hold significant potential entry into the finance and accounting field, with room for salary increases as experience is gained. The high demand for ACCA-qualified professionals in India, arising from a constantly growing business and corporate landscapes along with intricate financial vistas makes it one of the best professional qualifications to secure an unshakeable foundation for your career. The salary depends on various factors like industry, size of the company, job location, etc. Candidates qualifying for ACCA can expect a higher salary range as compared to the other courses belonging to the same field in multinationals across India. The job opportunities for ACCA freshers are multiple.
ACCA Jobs | Expected Salary Range |
|---|---|
| Accountant | INR 2.2 LPA – 4.1 LPA |
| Accounts Assistant | INR 1.3 LPA – 4.2 LPA |
| Auditor | INR 4.8 LPA – 7.4 LPA |
| Financial Analyst | INR 4.6 LPA-19 LPA |
| Financial Manager | INR 5.8 LPA-12 LPA |
| Chartered Accountant | INR 7.3 LPA- 22 LPA |
| Finance Manager | INR 5.8 LPA- 12 LPA |
ACCA Salary Based on Experience
Salary path is a key indication of the demanding nature of ACCA qualifications and their critical position as organizations navigate increasingly complex financial environments, with remuneration levels reflecting both expertise in finance along with commercial skills. The roles of the members and their worth and recognition gives them high-salary member types which can be seen in escalations through salary scales from year after year. Salary after ACCA is heavily dependent on the experience level, the details of which have been stated below.
Entry-Level (0-2 Years of Experience)
Entry-level role the wage brackets ₹6 to 10 lakhs per annum. When ACCA members gain experience they have great chances of boosting their salaries. The expected salary range for entry-level after ACCA in various countries have been mentioned below.
| Country | Fee |
|---|---|
| UK | £25,000 – £35,000 per year |
| USA | $50,000 – $65,000 per year |
| India | ₹300,000 – ₹600,000 per year |
| Middle East | AED 120,000 – AED 180,000 per year |
Mid-Level (3-7 Years of Experience)
Mid-level professionals with 3 to 5 years of experience can expect salaries ranging from ₹12 to ₹20 lakhs per annum in India. The expected salary range for mid-level after ACCA has been mentioned below for reference.
| Country | Fee |
|---|---|
| UK | £40,000 – £65,000 per year |
| USA | $70,000 – $100,000 per year |
| India | ₹700,000 – ₹1,500,000 per year |
| Middle East | AED 200,000 – AED 350,000 per year |
Senior-Level (8+ Years of Experience)
Professionals in senior roles or with extensive expertise may earn ₹20 to ₹35 lakhs or more annually. The expected salary range for the senior level after ACCA has been mentioned below.
| Country | Fee |
|---|---|
| UK | £70,000 – £120,000+ per year |
| USA | $110,000 – $150,000+ per year |
| India | ₹1,800,000 – ₹3,500,000 per year |
| Middle East | AED 400,000 – AED 600,000+ per year |
Specialized Roles
Professionals transition to specialized fields (such as in forensic accounting or financial risk management) or they pursue strategic consulting roles which are some of the highest in demand), their salaries typically increase due to advanced skills and deeper professional knowledge required. Normally, the per annum salary for such specialized roles start from ₹15-30 LPA upwards to as high as ₹35 lakhs (all numbers depend on your work experience and what level of job you join.) This premium is indicative of the fundamental importance that these roles hold for business strategy, compliance and financial integrity. They are well-paid positions because of the degree they underpin in an industry. The salary is also dependent on the roles people take on. The details are stated below.
Financial Controller
Annual salary of a financial controller with ACCA credentials is between ₹15 to ₹30 lakhs. The range of salaries can be very broad depending on how large the company is, what industry it’s in and where geographically this specific role lies. For senior financial controllers or individuals working at reputed MNCs, ACCAs can demand salaries more than ₹35 lakhs per annum indicating how proficient and specialized this Scottish associate professional course is in the strategic financial domain. The salary of the financial controller has been stated below.
| Country | Fee |
|---|---|
| UK | £60,000 – £100,000 per year |
| USA | $90,000 – $130,000 per year |
| India | ₹1,200,000 – ₹2,500,000 per year |
| Middle East | AED 300,000 – AED 500,000 per year |
Finance Director
A Finance Director with an ACCA qualification can earn a salary ranging from ₹25 lakhs to ₹50 lakhs p.a. The actual range will depend on the organization size, industry and location of the role. Salaries in these top financial leadership roles can go up to ₹50 Lacs p.a. and more, especially if we consider larger multinational companies or high-growth sectors – thereby indicating the inherent value ACCA accreditation provides for such aspirational profiles. The salary of the finance director has been stated below.
| Country | Fee |
|---|---|
| UK | £90,000 – £150,000+ per year |
| USA | $130,000 – $200,000+ per year |
| India | ₹2,500,000 – ₹5,000,000+ per year |
| Middle East | AED 500,000 – AED 800,000+ per year |
Chief Financial Officer (CFO)
CFOs with ACCA typically earn anywhere between ₹40 lakhs to 75 Lakhs per annum. But that range can be a wide one, depending on the size of company and industry as well as geographic location. CFOs in top MNCs or lucrative industries, can draw salaries north of ₹75 lakhs per annum which further underlines the importance played by ACCA professionals in shaping and driving finances for big corporations. Salary of the chief financial officer has been stated below.
| Country | Fee |
|---|---|
| UK | £120,000 – £200,000+ per year |
| USA | $150,000 – $250,000+ per year |
| India | ₹3,500,000 – ₹7,000,000+ per year |
| Middle East | AED 600,000 – AED 1,200,000+ per year |
Salaries can also vary based on the industry in which an ACCA professional works:
- Banking and Financial Services: Typically, salaries are higher due to the complexity and scale of financial operations.
- Public Practice: Competitive salaries with potential for rapid career progression.
- Corporate Sector: Varies widely, with multinational corporations often paying more than smaller firms.
- Public Sector and Non-Profit: Generally lower than the private sector but can offer other benefits such as job security and work-life balance.
Geographic Variations
The salary of an ACCA professional like any other professional is highly impacted by the location one practices in. Major cities like London, New York, Dubai, etc. can offer more packages as compared to other smaller cities around the world. For reference kindly check the tables attached above stating the salary range expected in several countries. The average salary for ACCA-qualified accountants in London is around 48 Lakhs INR.
Conclusion
After qualifying ACCA course the individual can start with a promising career in accounting and finance in India. Fresh ACCA graduates can typically expect starting salaries in the range of ₹4 lakh to ₹6 lakh per annum. The salary potential increases considerably with experience, industry specialization, and the addition of further certifications. Overall, an ACCA credential offers not only a strong starting salary but also substantial opportunities for career growth and financial advancement. ACCA salary for freshers is the information that every ACCA candidate should be aware of.
Salary for ACCA FAQs
Q1. What is the average starting salary for an ACCA fresher in India?
Ans. The average salary of an ACCA fresher in India is between ₹4 lakh to ₹6 lakh per year.
Q2. How does the industry impact the salary of an ACCA professional in India?
Ans. The salary can be impacted by the industry specification, e.g., the finance and technology sectors as compared to the other sectors.
Q3. Do larger cities in India offer higher salaries for ACCA professionals?
Ans. Like any other career option, for ACCA career options as well, the bigger cities offer better salary structures and living standards.
Q4. How much can an ACCA professional in India expect to earn after gaining a few years of experience?
Ans. After a few years of experience, a professional can earn anything between ₹8 lakh to ₹12 lakh per year, depending on their role and the industry.
Q5. Are there any additional certifications or skills that can boost an ACCA professional’s salary in India?
Ans. Yes, additional certifications such as CFA (Chartered Financial Analyst), CPA (Certified Public Accountant), or specialized skills in financial analysis, data analytics, or corporate finance can significantly boost an ACCA professional’s salary and career prospects.
