ACCA Salary in India: Monthly & Highest Salary Packages in 2023

ACCA, or the Association of Chartered Certified Accountants qualification, is recognised across 180 countries around the globe. The ACCA Salary in India for freshers ranges from 4 to 6 lakhs in India.

This salary is dependent upon the job role, type of company, skills of the employee, etc. Further, this article will give you a detailed overview of the salary of ACCA professionals based on their skills, experience, job roles and the factors that affect their salary.

Salary of ACCA in India

Obtaining this qualification will give you a competitive advantage in India over those who do not have this qualification:

1. If you are an average auditor, your salary will be around 8.2 lakhs per annum. However, if you are an auditor with this qualification, your salary will increase to 12.4 lakhs per annum.
2. Generally, a financial analyst earns around 8.2 lakhs per annum, but after obtaining this qualification, the salary increases to 12.6 lakhs per annum.

ACCA Salary in India for Freshers

As an ACCA affiliate and a fresher, you can expect to earn around 4-6 lakhs in India. After becoming a member of the institute, your salary will increase to around 7-10 lacs per annum. In Addition, these figures are dependent on your job sector and your location.

You can expect your salary to grow with your experience.

The industry you are employed in also plays a huge role. According to a survey business and consulting services, accountants earn more than accountants in the banking and finance sector.

ACCA Salary Based On Job Roles

ACCA Salary in India in the Government Sector

ACCA-qualified professionals can also get jobs in the government sector. Further, the Government of India employs these professionals in finance, tax audits, accounts, etc. These jobs are ideal for people looking for work-life balance and job security. 

ACCA professionals earn around 7-10 lakhs in the government sector. This salary can increase significantly with bonuses and other benefits.  

Your salary package also depends upon the location, qualification, economic conditions and the department of government they work in. So, candidates should do thorough research before applying to the government sector.

ACCA Salary in the Private Sector

ACCA has recognition in more than 180 countries across the globe and opens many opportunities for individuals working in the private sector.

Further, With this qualification, you may get many benefits in the private sector, like weekend holidays, better pay, and better lifestyle discounts. You also benefit from career switching and an opportunity to develop more skills.

You may get to work in the Big 4 based on your qualifications and experience. Following is the table representing the average ACCA salary in India in the top companies:

ACCA Salary in India  Based on the certifications 

Additional certifications that you acquire will also help in increasing your salary. Following is a list of average annual salaries based on the certificates you acquire:

ACCA Salary Based On Experience

In any profession, the salary increases based on your experience. Following is a list of salaries based on experience level:

Gender Breakdown of ACCA Salary in India

How To Get a High ACCA Salary Package in India?

Additional and in-demand skills will help to raise your salary on a tremendous level. Following are the additional skills you can learn and the average salary based on the skillset:

1. Digital skill sets like data analytics, blockchain and cyber security will help you get a hike from 15 per cent to 50 per cent. In Addition, large MNCs like Deloitte and PwC seek employees with these skill sets. 
2. Knowledge of IFRS and US GAAP will help you stand out in the competition.
3. Soft skills like leadership qualities and effective communication will help you rise up the corporate ladder.

Factors Affecting ACCA Salary:

Not every ACCA-qualified professional gets the same amount of salary from the employers. The salary of these professionals depends upon various factors:

1. Years of experience: ACCA professionals with more experience tend to get higher salary packages.  You can gain experience in accounting and auditing to increase your worth in the job market.
2. Job role: Senior-level roles like finance manager, which require more technical knowledge, tend to pay more than junior-level roles like financial analyst and tax return preparer.
3. Location: Metro cities like Delhi and Mumbai offer higher salaries than lesser-developed cities like Kochi.
4. Skillset: Professionals with more skills, like effective communication, knowledge of accounting software, etc., are paid higher than their peers.
5. Additional certifications: In-demand certifications like data analytics and blockchain will make you stand out.
6. Company: Big 4 companies like PwC and Deloitte tend to pay higher than the rest. These companies pay an average of 8-10 lacs per annum to their employees. 

Scope of Salary of ACCA Abroad:

This degree will allow you to work in many countries outside India, like the UK, Canada, Singapore, Australia and Ireland.

Average Salary in the UK

Average Salary in Canada

Average Salary in Australia

Average Salary in Ireland

Average Salary in UAE

Average Salary in Switzerland

Average Salary in Hong Kong

Conclusion

In this article, we explored the salary prospects of the ACCA course and learned about the factors that affect the salary of ACCA professionals. Furthermore, we learned how ACCA professionals can grow in their careers and explore job opportunities in India and Abroad.

We hope this article gave you valuable information on the salary prospects of this course.

Frequently Asked Questions Regarding ACCA Salary:

Q.1 Who earns more, an ACCA or a CA?

CA earns more than ACCA professionals. The starting salary of a CA ranges from 8-9 lakhs per annum, whereas an ACCA professional can expect a starting salary of 6-7 lacs per annum.

Q2 Is ACCA a high-paying job?

Yes, ACCA is a high-paying job. The top 10 per cent of the employees earn over 46.1 lakhs per annum annually.

Q3 Is ACCA in demand in India?

Yes, ACCA has a massive demand in India and abroad. This degree provides knowledge of IFRS, which is helpful around the world.

Q4 Can I finish ACCA in 2 years?

Yes, you can finish ACCA in 2 years, but you will need at least 3 years to become ACCA certified. You have to gain three years of experience to acquire ACCA membership.

Q5 Is CA harder than ACCA?

Yes, CA is comparatively harder because of the length, complexity and passing per cent of the CA course.