ACCA Salary in India 2024: Fresher, Experienced, Career Scope

The Association of Chartered Certified Accountants (ACCA) is a globally recognized accounting certification, and it has a significant presence in India. Aspiring accountants in India consider pursuing an ACCA qualification to enhance their career prospects and salary potential.

This article will explore the salary trends for ACCA professionals in India in 2024 for fresher, experienced, and career scope.

ACCA Salary for Freshers in India 2024

The starting salary for a fresher ACCA in India in 2024 is expected to be between INR 3-6 lakhs per annum, depending on various factors such as location, industry, and organization size. For instance, ACCA fresher jobs in metro cities such as Mumbai, Delhi, and Bangalore offer higher salaries compared to smaller cities.

Entry-level positions such as Audit Associate, Financial Analyst, and Accountant are some of the most popular career options for ACCA freshers.

The starting salary for an ACCA fresher in India also varies depending on the industry. ACCA professionals are in high demand in industries such as banking and finance, accounting, taxation, and auditing. The salary for an ACCA fresher in these industries is higher than in other industries.

Audit Associates are responsible for reviewing financial statements and ensuring compliance with legal and regulatory requirements. The starting salary for an Audit Associate in India is expected to be between INR 3-4 lakhs per annum.

Financial analysts play a vital role in analyzing financial data to provide valuable insights that assist organizations in making informed business decisions. The starting salary for a Financial Analyst in India is expected to be between INR 4-5 lakhs per annum.

The responsibility of managing financial records and preparing financial reports lies with Accountants. The starting salary for an Accountant in India is expected to be between INR 3-4 lakhs per annum.

ACCA Salary for Experienced in India 2024

Experienced ACCA professionals with 2-5 years of experience can expect to earn between INR 6-10 lakhs per annum. As you gain more experience and expertise in the field, you can expect to command higher salaries. 

The salary for experienced ACCA professionals in India depends on various factors, such as the industry, size of the organization, and location. Experienced ACCA professionals in metro cities such as Mumbai, Delhi, and Bangalore earn higher salaries compared to smaller cities.

Experienced ACCA professionals are in high demand in industries such as banking and finance, accounting, taxation, and auditing. Senior positions such as Finance Manager, Senior Accountant, and Controller are some of the popular career options for experienced ACCA professionals.

Finance Managers are responsible for managing the financial operations of an organization, preparing financial reports, and analyzing financial data to support business decisions. The salary for a Finance Manager in India with 2-5 years of experience is expected to be between INR 8-10 lakhs per annum.

Senior Accountants are responsible for managing financial records, preparing financial reports, and ensuring compliance with legal and regulatory requirements. The salary for a Senior Accountant in India with 2-5 years of experience is expected to be between INR 6-8 lakhs per annum.

Controllers are responsible for managing the financial operations of an organization, ensuring compliance with legal and regulatory requirements, and managing financial risk. The salary for a Controller in India with 2-5 years of experience is expected to be between INR 8-10 lakhs per annum.

Experienced ACCA professionals can also consider specialized roles such as Taxation Manager, Risk Manager, and Internal Auditor. These positions require specific skill sets and expertise in the respective fields, and the salary for these roles is higher than generalist roles.

Taxation Managers are responsible for managing tax compliance for an organization and providing tax advice to the management. The salary for a Taxation Manager in India with 2-5 years of experience is expected to be between INR 7-9 lakhs per annum.

Risk Managers are responsible for identifying and managing financial risk for an organization. The salary for a Risk Manager in India with 2-5 years of experience is expected to be between INR 8-10 lakhs per annum.

Internal Auditors are responsible for reviewing financial records and ensuring compliance with legal and regulatory requirements. The salary for an Internal Auditor in India with 2-5 years of experience is expected to be between INR 6-8 lakhs per annum.

Career Scope for ACCA Professionals in India

ACCA professionals in India have a promising career scope, given the increasing demand for skilled accounting and finance professionals in the country. ACCA professionals can consider various career paths, such as finance, accounting, taxation, and auditing, depending on their interests and skills.

ACCA professionals can also consider pursuing specialized certifications such as Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), and Certified Management Accountant (CMA) to enhance their career prospects and salary potential.

ACCA professionals with extensive experience and expertise can also consider entrepreneurship or consulting as career options. Many ACCA professionals in India have started their own accounting and consulting firms and have achieved considerable success in their ventures.

I hope this article has helped you to solve all your ACCA Salary in India 2024: Fresher, Experienced, Career Scope-related queries.

FAQ

Ques 1. How much does ACCA pay per year?

Ans. The average ACCA salary ranges from around 17.4 lakhs per year for a Business Relationship Manager to 17.4 lakhs per year for a Business Relationship Manager. Compensation estimates are based on 28 ACCA compensation packages received by various ACCA employees. ACCA employees rate total compensation and benefit 4.3/5 stars.

Ques 2. What is the highest salary in ACCA?

Ans. The highest paying job at ACCA is a Business Relationship Manager with a salary of 17.4 lahks per year. The top 10% of those in work earn more than £46.10 a year. Top 1st r is more than 10 lakhs annually.

Ques 3. What is the minimum Salary in ACCA?

Ans. The minimum salary at ACCA depends on the position you are applying for. For comic executives the minimum wage is 3.5 lakhs annually, for professionals the minimum wage is 3.9 lakhs annually and so on.