ACCA offers some of the most lucrative jobs in accounting and finance to certificate holders. Also, ACCA salary in India is among the top few countries that offer high salary packages to ACCA certificate holders, according to a source.
As people are getting more updated about ACCA, the demand for pursuing the course is also increasing, raising intense competition in the market. So, while accumulating information on online acca course details and duration in India, it is also essential to seek information on recruitment and job placements after ACCA in India.
What does ACCA in India offer?
The ACCA course guarantees several benefits to the candidates who have completed the course and have gained the certificate.
- A Difference to the Resume:
Adding the ACCA qualification to the resume transforms the resume into something more potential. On average, ACCA salary in India is 70% higher than the usual graduates.
- Global Recognition:
ACCA is globally recognized. So, candidates achieving the ACCA certification get global exposure and can easily seek job opportunities on international grounds.
- High-level Skills:
The ACCA course educates the candidates in the accounting field and boosts their professional skills. So, an ACCA-certified candidate can also seek opportunities as a financial auditor, financial advisor, or even a business analyst.
One of the major benefits of achieving ACCA membership and certification is that the community members are always there to offer support in different aspects like solving an accounting issue or even looking for a high-level ACCA job.
ACCA Salary in India
Different job portals in 2022 have mentioned that the average ACCA salary in India ranges between Rs. 7 lacs to Rs. 9 lacs per annum. Also, professionals who have a good experience of 10 years or above and work with reputed multinational companies may even pocket a salary package of Rs. 20 lacs or more per annum. Here is the average salary package of some sectors where ACCA-certified candidates can work in India.
- Auditing sector - Rs. 19.5 lakhs per annum
- Financial Reporting - Rs. 18.6 lacs per annum
- Taxation - Rs. 18.4 lacs per annum
Factors Impacting ACCA Salary in India
The acca salary in India will depend on several factors like sector and job roles. For example, someone from the finance and banking sectors will earn a higher salary than others. So, one of the factors that impact the salary is the sector in which the candidate works.
The second factor that impacts the salary structure is the candidate's skill. Companies will always prefer candidates with extra skills like blockchain or data analysis and an ACCA certification.
Some other factors that impact the salary of a candidate are the company’s size, location, and even the candidate’s experience. For example, the average entry-level salary package for a fresher ACCA certificate holder in India is Rs. 3 lacs per annum.
Ways to Increase ACCA Salary in India
Freshers with an ACCA certification can start their career with a salary package of Rs. 2-3 lacs per annum. But there are a few who may climb the success ladders within a few years while some may not be able to succeed even after many years. So, here are some ways that help the candidates to increase their ACCA salary in India.
- Adding Extra Skills:
Adding extra skills like blockchain or data analysis along with the certification of ACCA is a great helping hand at fetching a handsome salary package.
- Gaining Good Experience and Knowledge:
The habit of learning constantly is a great way of increasing the ACCA salary in India. The combination of many years of experience and learning in relevant fields will help in bagging a good salary increment.
- Shifting to a High-Paying Sector:
At times, one of the best ways to increase the salary package is to change sectors. For example, a startup company may pay an average salary package. But when the same candidate shifts to the banking sector, the salary package increases to a good extent.
- Applying at the Top-Notch Companies:
Another great way is to apply in the top-notch companies of the world. Applying to globally recognized or multinational companies also helps in improving the salary package.
- Learn to Negotiate:
While the above ways are beneficial in increasing the package, nothing happens well without good negotiating skills. The HR professional of any company will try to recruit candidates at a low cost. The candidates must know the art of selling their qualities and negotiating the right salary package.
Conclusion
ACCA is one of the finest accounting skills to offer some of the most lucrative jobs in the world. The ACCA salary in India may not be as good as in developed countries, yet it is decent according to the Indian lifestyle and economy. Yet, there are ways the candidates can bag a good salary and prosper well in the finance field with an ACCA certification.
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