How to Plan Your Career After Qualifying for the ACCA Exam in India

If you have successfully qualified for your ACCA exam in India, you have an amazing career ahead of you. Check out this complete guide to learn what steps you should take to shape your career. 

ACCA is a reputed and renowned qualification that can lead you to high earning potential and future opportunities. On average, the ACCA income in India is around 6–8 lakh. From there, pay rises with experience and in positions requiring more expertise. Salaries for senior accounting positions should be approximately Rs 20 lakh. However, you need to first decide in what direction you wish to take your career.

Consider Your Options.

After your ACCA exam success, you should take some time to reflect and think about your future goals. Depending on the decisions you make during this period, your career could take many different directions. See some topics to think about by reading on.

To prepare for your ACCA exam in India, you’ve spent the last few months studying a wide range of subjects. It’s time to think about those issues and make a decision.

Focus on your Interests.

Explore all the subjects and determine your areas of interest. Even though accountants work with numbers most of the time, depending on your position, the way you view those numbers on a daily basis can vary greatly. It’s possible that you found working with taxes to be more enjoyable than financial statement analysis. Selecting the subjects that most interest you is a terrific way to focus on your potential career path. You know you’re headed in the correct direction even if all you decide on is whether you want to work for a private or public company.

Start your own business.

A dream for some accountants is to start their own business. After passing the ACCA examinations, you can. You can pursue that desire now that you’ve passed the ACCA exam in India! 

It could be a good idea to work for another company before doing this. You’ll gain experience and understand the ins and outs of the business. Additionally, you might come across a senior accountant at the company who is eager to offer guidance and support during your journey.

Think about getting an MBA.

Even if you recently completed a demanding educational journey that included numerous exams, you want to consider obtaining a master’s degree. You can advance in your accounting career with a Masters in Business Administration (MBA). When looking for a career, having an MBA can make you stand out. 

See if a master’s degree is required for any of the positions you are interested in by doing some research on them. As you’re already in “school mode,” it might be most convenient to continue at this point.

Look for a Guide.

Whatever path you take, having a mentor is beneficial for your career. Look for someone who has a job that is comparable to the one you want. Inform them that you’re searching for a mentor to guide you through the early phases of your profession. A mentor can be a great asset and a major success factor. You can discover how they were able to succeed in their positions as well as what they observed their peers doing.

Furthermore, your mentor may know people in their network who might be wanting to add someone just like you to their teams.

Top Finance Career Options After the ACCA Exam in India

Following your passing of the ACCA exam, you can begin looking for accounting-related jobs. Now that you’ve passed the examinations, you can be eligible for the following accounting jobs:.

• Assistant Accountant
• Tax Specialist
• Auditor
• Forensic Accountant
• Financial Accountant

Final Thoughts:

These are a few career options you can consider. Do not forget to add the letters ACCA to your name! That will present you with several career-related opportunities. Now is a good time to consider the kinds of jobs you might like to pursue and the kinds of workplaces you would prefer, either private or public. That’s it for now. Hopefully, you have found the article helpful and interesting. 

Frequently Asked Questions (FAQ)

Q1: What is the salary of an ACCA fresher in India?

Ans: If you are an ACCA affiliate, you can still expect to make between INR 4 and 6 LPA as a newcomer. As you demonstrate your brilliance at work and accumulate more expertise in your field, this is expected to rise. 

Q2: Which Indian companies hire ACCAs?

Ans: ACCA Careers has been utilized by Ernst & Young (EY), KPMG, Grant Thornton, and other approved organizations to draw in talent. Thus far in this fiscal year, ACCA Careers has placed more than 5,000 candidates with Indian employers.

 Q3: Which is the highest-paying ACCA job in India?

Ans: The highest-paying position at ACCA is Business Relationship Manager, at ₹17.4 lakhs per year. 

Q4: How much does an ACCA senior associate earn?

Ans: In India, a senior associate usually earns ₹11,20,000 a year. A senior associate in India typically receives an additional monetary incentive of ₹1,20,000, ranging from ₹90,000 to ₹2,04,000.