Are you considering pursuing ACCA in India but sceptical about the job opportunities and where it can take you in your career? If yes, then you’re in luck. In this blog, we’ll dive into all you need to know about the ACCA course and its future scope. Read more to find out.
ACCA stands for the Association of Chartered Certified Accountants, an internationally acclaimed professional accountant credential. It’s your gateway to acquiring the expertise needed to become a certified accountant. With 13 papers encompassing critical areas like financial accounting, management accounting, taxation, audit, and assurance, this course sets you on the path to success. And if you’re aiming for the best, look no further than the top ACCA institute in India. After finishing ACCA, many accounting and finance job opportunities await you in India.
List of Job Opportunities After ACCA in India
- Chartered Accountant: As an ACCA graduate, you can become a chartered accountant and offer your clients various financial services such as taxation, auditing, and financial management.
- Financial Analyst: As a financial analyst, you can provide financial analysis and advice to clients or companies on investment decisions, financial planning, and budgeting.
- Auditor: As an auditor, you will independently assess a company’s financial performance and regulatory compliance.
- Financial Controller: ACCA graduates can ascend to roles like financial controller, overseeing an organisation’s accounting and finance functions.
- Tax Consultant: As a tax consultant, you can advise clients on tax planning, compliance, and reporting.
- Investment banker: As an investment banker, you’ll advise clients on mergers and acquisitions, fundraising, and initial public offerings.
- Risk Analyst: Analysing and managing financial risks is another avenue for ACCA graduates, especially in financial institutions and consulting firms.
Future Scope of ACCA
1. Countries that have a high demand for ACCA
One of the significant advantages of obtaining an ACCA certification is the ability to work as an accounting professional not only in India but in over 180 countries around the world. The ACCA is a well-connected accounting body with partnerships with numerous accounting bodies and universities, and it is currently affiliated with over 7,000 Approved Employers who offer fantastic opportunities to ACCAs. The UK, Australia, Singapore, Germany, and many other European Union countries are among the most popular destinations for Indian ACCAs.
2. Firms that Employ ACCAs
Reputable companies from the United Kingdom, Hong Kong, Singapore, and other countries operate from India. These businesses hire people qualified to work internationally and familiar with global accounting standards such as US GAAP and IFRS. The ACCA qualification is regarded as equivalent to India’s Chartered Accountancy Qualification, offered by the Institute of Chartered Accountants of India (ICAI). The following are some of the most well-known companies that frequently hire ACCAs.
- Grant Thornton
- Credit Suisse
3. ACCA Salary Average
The ACCA qualification has grown in popularity in India and other countries recently. The ACCA qualification is equivalent to the Indian CA certification in India. If you are considering taking this course but want to learn more about the career prospects and potential salary packages before making a final decision, here are some salary packages that can be expected after ACCA.
In India, the average salary for a partially qualified ACCA or trainee accountant ranges from INR 3 LPA to INR 4 LPA. A fully qualified ACCA or an ACCA Member’s salary can vary between INR 6 and INR 8 LPA.
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