ACCA Salary in London  — For Fresher, Middle, and Experienced Employees

ACCA is one of the top accounting degrees, including taxation and law, banking, auditing, financial consulting, and other general business management fields.

Students who earn an ACCA certification in London can work in a wide range of financial fields in addition to chartered accounting. When it comes to making a career decision salary plays a crucial role. The earning potential with the ACCA qualification is remarkable. The average ACCA salary in London is £52,500.

In this article, we will go through an in-depth overview of ACCA salary and get answers to some trending questions. 

  • How much does an ACCA earn in London
  • What is the average salary for an experienced  ACCA professional?
  • What is the pay of a newly qualified ACCA?
  • How much does a certified industrial accountant typically make?

We often hear these questions. Let’s find their answers one by one. The precise numbers may vary because of the company, latest industry dynamics and trends. 

1: Unqualified ACCA Salary in London 

According to Hays Accounting and Finance, an entry-level accountant without ACCA credentials can earn between £14,000+ (in Wales) and £24,000 (in London).

2: Part-qualified Qualified Accountant Salary 

A survey of part-qualified accountants in the UK and Ireland was conducted by Robert Half. Depending on where they work, they found that part-qualified accountants make about £33,000. For the average London-based part-qualified accountant, that’s closer to £31,000, according to Hays, though it can reach £34,000.

3: Salary of Newly Qualified ACCA

The salary of a newly qualified ACCA in London depends a lot on the knowledge of the employee and the needs of employers. Make sure to inform your employer about your advanced, current, and relevant technical abilities once you are qualified. According to Hays, a freshly qualified ACCA salary in London normally falls between £35,000 and £42,000. Although these numbers may differ depending on the employer and area, they

These numbers reflect the increase in earnings you can expect upon qualification, though they may differ depending on your area and company.

As you can see, the transition from unqualified to qualified accountants can nearly double your pay, even if it is gradual, and taking the ACCA can take years. The ACCA is therefore well worth completing.

4: Salary of ACCA with Some Experience 

You will get greater responsibility and manage projects more skillfully as you gain experience and refine your abilities. You may also serve as a mentor to junior accountants. All of these things merit a pay increase.

It might be challenging to provide a precise pay figure due to the wide variations by employer, location, and function. Claiming the May and Stott salary survey is a good guideline 

According to the poll, chartered accountants with two years of post-qualification experience make an average of over £48,000 plus bonuses.

5: Highly Experienced ACCA Salary

After gaining several years of experience, you can demand a high wage that is appropriate for your level of expertise. An experienced ACCA accountant’s salary in London might reach £100,000 or more, depending on your position, employer, region, and years of experience.

For example, according to the Robert Half Salary Calculator, an internal audit manager in a large corporation located in London may make up to £102,900. A group accountant in a big business with headquarters in London makes between £60,600 and £97,400 a year.

Because so many factors affect ACCA earning potential, these numbers aren’t prescriptive, but they should demonstrate how important a certificate is. As you gain the knowledge, expertise, and self-assurance to succeed, becoming an ACCA accountant is a logical next step in your accounting and financial career. Along with that comes an outstanding income.

Frequently Asked Questions (FAQs)

Q: Can I study ACCA in London?

Ans: Yes. A lot of overseas students decide to study ACCA because it has very few criteria and enables them to apply for a UK student visa.

Q: What is the salary of an ACCA in London?

Ans: In London, the average ACCA accountant earns around £52,500.

Q: Is ACCA worth it in London?

Ans: Due to the demand for ACCA knowledge and the variety of industries in which you can use your talents, you could be able to earn a high ACCA salary in London after completing the course.

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