ACCA (Association of Chartered Certified Accountants) is the global body for Accounting and Finance Professionals. It aims to offer business-relevant, first-choice qualification to people of application, ability and ambition around the world, who seek a rewarding career in accountancy, finance and management. It is the world's fastest-growing gateway to the accountancy profession, helping people like you to become successful accountants and Finance professionals. As the ACCA certification is new here in India, students are curious to know about the career path and job prospects of ACCA in India.
Check out the Successful ACCA journey of Finplan’s Students.
Is ACCA Qualification Equivalent to CA (ICAI)
As we all know, the ACCA qualification is equivalent to CA (ICAI) certification in India. However, the CA qualification is a bit too difficult to get through. However, the CA qualification is a must if you wish to work in one of the Indian firms, start your own business, or become a partner in a CA firm. That’s so because an Indian CA would have thorough knowledge about the taxes, laws, Indian economy, policies, etc.
Similarly, if you aspire to work abroad, then ACCA becomes a compulsory qualification. ACCA job opportunities are available across India , Australia, UK, Singapore, Dubai, etc. If you are looking to get an expert guidance on how ACCA can help you get international jobs & jobs in India , you can enquire here. Besides, students who would like to have experience and comprehensive knowledge within the finance domain, ACCA works big time.
ACCA Career Opportunities
There are multiple ACCA career opportunities available worldwide. Apart from an accountant, an ACCA professional can work as a management consultant, financial planner, and so on. ACCA as a course covers aspects of Chartered Accountancy such as Accounting, Financial Reporting, Auditing, Taxation, Business Finance and Financial Management. This programme has a total of 13 examinations that a candidate must appear for. The 13 exams are split into 3 levels – Knowledge, Skill and Professional.
The Knowledge Level exams are on-demand exams that can be appeared at any time in the 365 days of the year. The Skill and Professional Level exams are conducted every March, June, September and December.
Over the past few years, ACCA India job opportunities have increased exponentially. With the growth of more and more MNCs and Big 4 companies, there has been a steer rise in jobs for ACCA professionals.
Similarly, as more number of students are becoming aware of ACCA and its benefits, the demand for the certification exam has increased in the industry.
With such an influx, it is being predicted that India could easily become one of the biggest global markets for ACCA. As such, the Indian economy is on the path of growth and globalization. Due to which, even MNCs and larger international companies are turning towards India to seek professional accountants and ace finance experts.
Also Read: 7 Reasons Why ACCA Course is Important in Career
What is the starting salary of ACCA in India?
ACCA salary in India is considerably equivalent to that of a CA professional. An individual with ACCA qualification can earn an average salary of up to INR 8 lac p.a. The payscale generally ranges between INR 5 lac p.a. To INR 15 lac p.a. It could go higher too, depending upon candidate’s skills, company’s demands, competition, etc.
Do Indian companies hire ACCA?
ACCA qualified individuals get easily placed at Big 4 companies like EY, PwC, Deloitte, and KPMG. MNCs including Tata Grant Thornton, Embassy Group, and Pepsico as well recruit ACCA India professionals. Apart from that, Accenture, HSBC, and Shalimar Paints also do look for accountants having ACCA certification.
Currently, there are more than 180,000 members and around 490,000 students from over 170 countries, associated with ACCA. As the popularity of ACCA is increasing, we can see more enrollments and job opportunities for the qualification.
ACCA is also very popular as it provides end-to-end knowledge on IFRS (International Financial Reporting Standards), which again is useful worldwide. That’s why, ACCA offers great scope and job opportunities not only in India but around the world.
Also, check out India’s leading Diploma in IFRS from Finplan Institute.
Does ACCA holds a good future?
ACCA is one of the globally recognized qualifications with respect to accounting and finance. There are about 170 countries across the world who accept ACCA qualified professionals to work in their reputed organizations. ‘If you dream big, you achieve big’, they say. With a lot of reforms in education and the global economy, you can realize your dreams of working abroad or seeing yourself as an Accountant manager in one of the top multinational firms.
Many of the aspirants who wish to grow or excel in their finance-based career have been opting to study ACCA as their professional choice of course because of the following:
- 1.It is an international qualification that focuses both on accounting and finance
- 2.Opens to a lot of global career opportunities
- 3.It is flexible with respect to the examination pattern
- 4.Consists of 2 levels while the CA exams have 3 levels
Rather than just settling down as a finance manager or an accountant, you can really expand your horizon and aim high by becoming a qualified ACCA member. Even the ACCA exams give importance to the application of the topics in real - time scenarios so that students are exposed to a lot of business case studies and live examples that are going on around the world economy. This helps them become industry ready and employable in the near future.
What kind of jobs can I get after ACCA?
Post clearing the ACCA exams, you can be open to choosing the following career options :
Except the above mentioned options, you can also even set up your own firm and practise auditing, consulting and offer finance related solutions to corporates as well as business professionals. This will definitely give you a reputed outlook about yourself as well as your career.
