ACCA Scope and Job Opportunities in India and Abroad

ACCA scope and job opportunities have increased dramatically in India and abroad during the past several years. This is a result of the growing need for accountants with internationally accepted credentials. The global organization Association of Chartered Certified Accountants (ACCA) provides professional accountant certification. Reputable international firms like the Big 4 are actively seeking new members and affiliates of the Association of Certified Chartered Accountants for roles akin to that of a public accountant or chartered accountant. 

Now that we have established what ACCA is, let's delve into our topic of ‘ACCA scope and job opportunities in India and abroad’ and answer other questions like ‘ACCA salary abroad’, ‘ACCA job opportunities in India’, and much more.

Scope of ACCA in India and Abroad

The ACCA course offers a lot of scope in terms of careers in India and abroad, due to its global recognition and demand in several sectors across the globe. With the right guidance, the opportunity can be yours.

There are several factors which add up to the ACCA having a wide horizon of scope golbally, they are listed here: 

• Globally Recognized Certification
• Flexible Work Opportunities
• Lucrative Salary

Global Recognition from ACCA Certification

Becoming an ACCA Affiliate or Member has the main advantage of allowing you to work as an accountant in more than 180 countries worldwide, including India. With alliances with many accounting groups and colleges, ACCA is a highly connected accounting body that is currently linked to more than 7,000 Approved Employers who offer ACCAs incredible opportunities. Indian ACCAs frequently work in the UK, Australia, Singapore, Germany, and numerous other European Union nations. 

Diverse Job Opportunities with ACCA Qualification

Securing a career path that is promising and has wide avenues of growth is essential for professionals seeking stability. Professionals equipped with the prestigious Association of Chartered Certified Accountants (ACCA) qualification, a world of opportunities awaits. From finance to management roles, jobs after ACCA are easy to find. ACCA professionals are highly sought after by a multitude of industries globally. 

Here is a list of job profiles for ACCA candidates: 

• Financial Accountant

• Management Accountant

• Tax Accountant

• External Auditor

• Internal Auditor

• Financial Analyst

• Financial Controller

• Business Consultant

• Treasury Manager

• Risk Manager

• Financial Advisor

• Chief Financial Officer (CFO)

• Forensic Accountant

• Investment Analyst

• Financial Planning and Analysis Manager

High Earning Potential from ACCA Career Path 

ACCA affiliate fresher salary in India ranges from INR 3 to INR 4 lakhs per annum on average. While for professionals the average salary of ACCA in India is between INR 6 and INR 8 lpa.

The ACCA certification has become much more valuable in India and other nations within the last several years. ACCA certification is equal to Indian CA certification in India. Here are some insights on the compensation packages that may be expected following ACCA in case you are considering taking this course but would like to know more about the job options and possible income packages before making any firm choice. 

ACCA Salary Breakdown for Different Job Profiles

ACCA has a wider global reach and the salary one can achieve as an ACCA has more growth opportunities compared to the other credentials. 

Let's look at some of the ACCA job credentials and their average salary packages.

 

ACCA Jobs in India	Average Salary Per Annum
Accountant	INR 3-4 LPA
Chartered Accountant	INR 9-10 LPA
Auditor	INR 3-5 LPA
Financial Accountant	INR 3-7 LPA
Finance Officer	INR 3-5 LPA
Financial Analyst	INR 4-5 LPA
Account Executive	INR 3.5-6 LPA
Account Manager	INR 5.5-8 LPA
Chief Financial Officer	INR 3.5-4 LPA
Business Analyst	INR 3.5-8.5 LPA

 

 

Does ACCA have scope in India? The answer is yes, as MNCs proliferate in India, the need for ACCA and other international credentials will rise dramatically in the next few years. It can support your next steps if you've decided to become a global CA and are wondering what to do next. 

Read More: 

• ACCA Course Fee in India
• Is ACCA difficult or easy to crack?
• Salary of ACCA
• The ACCA Career Landscape

Frequently Asked Questions ( FAQs ) 

Is ACCA harder than CA?

On a general note, CA is considered to be more difficult than ACCA due to the number of years, number of papers, course levels, and flexibility in the curricula. Passing ACCA exams has been made easier by Finplan ACCA institute with over 1000+ students clearing their exams with distinction. 

What courses can a person do after ACCA?

Students who pass ACCA should ideally pursue programs like CFA, US CPA, or MBA. You can also earn a B.Sc. in Applied Accounting from Oxford Brookes University by turning in a research paper if you took up ACCA after your 12th grade.

Who earns a better salary – CA or ACCA?

The average salary of a CA ranges from 8-9 lakhs per annum. The average salary of an acca student is 6-7 lakhs per annum. Indian Companies prefer a person who completed ICWA / CA / ACS / MBAs because they are aware of Indian Laws and its terms and conditions.MNCs that are handling work related to overseas clients/outside India prefer a person who completed his/her degree from abroad under the global professional body ACCA (UK).

What are the financial commitments needed for the ACCA examination?

Financial commitments for the ACCA examination consist of enrollment charges, yearly subscription fees, and examination fees for each level, which differ based on the prospect's place as well as qualification level.