ACCA Salary and Scope in India and Worldwide

ACCA Salary: The ACCA qualification is recognised at global level. With its presence spanning six continents, ACCA has built a worldwide network of skilled finance experts who contribute to shaping international financial practices. Most companies across the world consider ACCA members as competent professionals in accounting and finance. Additionally, its recognition by employers across industries reflects the high standards and credibility the qualification offers, making ACCA members highly sought after in leadership roles within finance teams.

The income of an ACCA-qualified professional can vary significantly depending on several elements such as location, industry, job role, and years of experience. Typically, freshers entering the workforce with an ACCA qualification may expect a monthly salary in the range of $3,000 to $5,000, which translates to roughly INR 2.25 to 3.75 lakhs. As they progress into more experienced roles, professionals can expect an increase in the pay structure.

ACCA Certification

The ACCA (Association of Chartered Certified Accountants) certification is recognized worldwide in the fields of accounting and finance. It offers a complete course that focuses on important subjects like financial accounting, management accounting, taxation, auditing, and business strategy. This ensures candidates gain strong and balanced knowledge. 

One of ACCA’s biggest advantages is its flexible exam schedule, allowing students to plan their studies around work or other commitments. Plus, ACCA requires three years of practical work experience, so certified members have both theory and hands-on skills. 

Holding an ACCA certification opens doors to better job opportunities, higher salaries, and the chance to work internationally. That’s why ACCA is considered a respected and valuable qualification for anyone wanting to grow in finance and accounting careers.

ACCA Salary in India Based on Experience

Your salary as an ACCA professional in India largely depends on the amount of experience you have in the field. Generally, the more experience you gain, the higher your earning potential becomes. The following is an overview of the average annual salaries for ACCA members at different stages of their careers:

Note: These salary figures are based on 2024 data and may change over time. Salaries can also vary depending on additional certifications and the size or type of company you work for.

ACCA Salary Based on Job Roles

In India, an ACCA member’s salary mainly depends on their years of experience and job position within a company. For comparison, the average annual salary of a Chartered Accountant in India is around ₹11.1 lakhs, according to Ambition Box. Now, let’s explore the salary ranges you can expect after completing your ACCA qualification.

ACCA Salary for Freshers in India

In India, fresh graduates who have completed their ACCA qualification often start in roles similar to those of Indian Chartered Accountants. Leading companies, such as BDO, Grant Thornton, J.P. Morgan, and Morgan Stanley, actively recruit ACCA freshers for various accounting and finance positions. ACCA opens doors to significant career growth, no matter the company you join.

As an ACCA Affiliate fresher, you can expect a starting salary between INR 4 to 6 lakhs per annum. With experience and proven skills, this amount will rise over time. If you begin your career as a full ACCA Member fresher, your starting salary can be higher, ranging from INR 6 to 8 lakhs per annum.

ACCA Salary and Career Scope Outside India

One major advantage of the ACCA qualification is its global recognition, opening doors to job opportunities not just in India but in many other countries. ACCA professionals can work in nations like the UK, Ireland, Singapore, UAE, Canada, and more. However, if you aim to work in the USA, the US CPA qualification might be a better fit. 

The following is an overview of the average salaries ACCA professionals can expect in some key countries:

1. ACCA Salary in Australia

In Australia, ACCA members are recognized by CPA Australia and the Institute of Public Accountants. International ACCA members can gain membership with the Institute of Public Accountants by passing Australian Tax and Law exams. Typical salaries for Chartered Accountants in Australia are:

• Entry Level: AUD 50,000 to 70,000 per year

• Mid-Senior Level: AUD 80,000 to 120,000 per year

• Senior Level: Around AUD 150,000 per year

2. ACCA Salary in Canada

While ACCA is not officially recognized as a Chartered Accountant qualification in Canada, it still helps you secure jobs in finance and accounting. The qualification is considered equivalent to a three-year degree, allowing ACCA holders to apply for master’s programs and enhance their Express Entry Profile for Canadian Permanent Residency. Salaries include:

• Entry Level: CAD 40,000 to 60,000 per year

• Mid-Senior Level: CAD 65,000 to 90,000 per year

• Senior Level: Above CAD 100,000 per year

3. ACCA Salary in the United Kingdom

The ACCA is legally recognized in the UK as a professional auditing body and is part of the Consultative Committee of Accountancy Bodies (CCAB). ACCA members in the UK have full signing authority and enjoy career freedom. Many universities also accept ACCA as equivalent to a Bachelor’s degree, enabling further studies. Average salaries are:

• Entry Level: £25,000 to £35,000 per year

• Mid-Senior Level: £40,000 to £60,000 per year

• Senior Level: £65,000 and above, often exceeding £100,000

4. ACCA Salary in Switzerland

Switzerland recognizes ACCA under the Mutual Recognition Directive, and since it follows IFRS standards, ACCA qualification is highly valuable there. Additional exams can help ACCA members become Swiss Certified Public Accountants. Salaries typically are:

• Entry Level: CHF 67,400 per year

• Mid-Senior Level: CHF 117,000 per year

• Senior Level: CHF 155,000 and above per year

5. ACCA Salary in the UAE

In the UAE, ACCA partners with the Accountants and Auditors Association (AAA), the country’s national accounting body. The UAE Chartered Accountant Qualification (UAECA) requires completing ACCA as a core step. Expected salaries for ACCA-qualified professionals are:

• Entry Level: AED 120,000 to 150,000 per year

• Mid-Senior Level: AED 180,000 to 240,000 per year

• Senior Level: AED 250,000 to over 350,000 per year

6. ACCA Salary in Hong Kong

ACCA is widely recognized in Hong Kong, offering excellent career options. ACCA members with degrees can qualify to become Chartered Accountants through the Hong Kong Institute of Certified Public Accountants (HKICPA). Salary ranges are:

• Entry Level: HKD 174,000 per year

• Mid-Senior Level: HKD 228,000 per year

• Senior Level: Around USD 31,900 per year

7. ACCA Salary in Ireland and Other Parts of Europe

Besides the UK, ACCA qualification is respected across Europe, including Ireland, where it is equivalent to postgraduate diplomas and master’s degrees (recognized by The Quality and Qualifications Board Ireland). Average salaries in Ireland are:

• Entry Level: €30,000 to €40,000 per year

• Mid-Senior Level: €45,000 to €65,000 per year

• Senior Level: €70,000 to over €100,000 per year

If you’re considering an international career in accounting and finance, ACCA offers a powerful passport to opportunities across the globe, with competitive salaries reflecting your skills and experience.