If you are ACCA-qualified and looking for details on ACCA salary prospects, you’ve come to the right place. This blog provides insights on the ACCA salary in India for freshers and experienced professionals.
What is ACCA and What Does an ACCA Professional Do?
ACCA professionals provide various financial services to businesses and individuals, including accounting, tax advice, and financial consulting. Their responsibilities include:
- Preparing financial statements
- Analyzing financial data
- Ensuring adherence to regulations
Common career paths for ACCA professionals include public accounting, internal auditing, management accounting, and tax advisory.
Note: In India, ACCA members cannot undertake statutory auditing roles without additional qualifications, as per the regulations of the Institute of Chartered Accountants of India (ICAI).
Average ACCA Salary Per Month in India
Here’s a breakdown of the average ACCA salary per month in various job roles in India:
| Job Role | Monthly Salary Range (INR) |
|---|---|
| ACCA Fresher/ Trainee | 25,000–40,000 |
| Junior Accountant/Analyst | 35,000–50,000 |
| Assistant Manager/Senior Accountant | 50,000–75,000 |
| Manager | 75,000–1,25,000 |
| Senior Manager/Head of Department | 1,25,000–2,00,000 |
| Director/CFO/Partner | 2,00,000–5,00,000+ |
Note: These are average ranges, and individual salaries may vary based on factors like industry, experience, and location.
Factors That Influence ACCA Salaries
Several factors influence the salary of ACCA professionals in India:
- Experience: Entry-level roles generally earn INR 4–8 lakhs annually. With experience, salaries can rise to INR 10–20 lakhs annually. Senior positions, such as CFO, can exceed INR 50 lakhs annually.
- Location: Salaries vary by city. Financial hubs like Mumbai, Delhi, and Bangalore offer higher salary ranges, especially for senior roles.
- Industry: ACCA professionals can find lucrative roles in various industries, particularly in financial services, banking, oil & gas, and IT sectors, which often offer salaries higher than the national average.
- Roles and Responsibilities: An ACCA professional’s salary depends on roles such as financial analysis, taxation, or management accounting. Statutory auditing roles in India are limited to Chartered Accountants.
- Company Size: Larger companies or MNCs typically offer higher salaries, but smaller firms may offer quicker advancement opportunities.
Conclusion
The ACCA qualification is a valuable asset for anyone seeking a career in finance and accounting. It opens up a range of opportunities, but it’s crucial to understand jurisdictional regulations, especially in India, where ACCA members cannot perform statutory audit roles without additional qualifications.