ACCA Salary in Saudi Arabia: Exploring Opportunities and Earnings

ACCA Salary in Saudi Arabia: Exploring Opportunities and Earnings

The ACCA-qualified candidates who want to explore their opportunities in Saudi Arabia probably have one underlying thought: What kind of salary can I expect? Understanding ACCA Salary in Saudi Arabia will help one make informed decisions about their career, whether at a beginner level or an experienced level.

In this blog, we will delve deep into the earning potential for ACCA professionals in Saudi Arabia. Additionally, we will discuss factors that affect salaries and the opportunities to increase income.

Why is Saudi Arabia a promising market for ACCA-qualified candidates?

Saudi Arabia is growing into a financial pole in the Middle East region due to its Vision for 2030. The ambitious plan it has designed for its economy tends to reduce dependence on oil resources and develop the non-oil sectors, mainly banking and finance.

Here is when the ACCA-qualified candidates come in, as they stand in an advantageous position due to the higher demand for professional accountants on account of their rising demand. Businesses are searching for experts who can maintain their financial operations according to international standards with much efficiency.

What is the average ACCA salary in Saudi Arabia?

The average ACCA salary in Saudi Arabia varies based on experience and role. Here’s a rough estimate:

• Entry-level ACCA professionals: SAR 8,000 – 12,000 per month
• Mid-level professionals: SAR 15,000 – 20,000 per month
• Senior-level professionals: SAR 25,000+ per month

The  ACCA salary in Saudi Arabia varies depending on factors such as job title, location, and industry. The average ACCA salary in Saudi Arabia specifically for accountants (SAR per month) are:

1: General Accountant:        6,000 SAR
2: Accountant and Admin:   5,500 SAR
3: Assistant Accountant:     5,500 SAR
4: Senior Accountant:          8,500 SAR

Salary Breakdown by Job Titles for ACCA Professionals

Here’s a look at the ACCA salary in Saudi Arabia for some popular ACCA-related roles

Each role offers unique challenges and rewards, contributing to variations in pay.

Factors That Influence ACCA Salaries in Saudi Arabia

Many factors determine the ACCA salary in Saudi Arabia, such as: 

• Experience: Senior professionals with much better experience draw salaries much higher than fresher candidates.
• The Industry Type: Banking and finance usually pay a little better compared to retail.
• Company size: Large corporations can pay more compared to small firms.

   

Highest-Paying Cities for ACCA Professionals in Saudi Arabia

The city you work in can also affect your salary. Some of the best cities to work in, and their corresponding salaries, are as follows:

• Riyadh: Being the capital, it offers the most opportunities, and hence, the salary packages are worth it.
• Jeddah: More renowned for business dealings and high demand for financial experts.
• Dammam: A financial pole in full growth, with job opportunities as attractive as possible.

How Does the Association of Chartered Certified Accountants Increase Their ACCA Salary in Saudi Arabia?

To boost your earning potential, consider:

• Networking: Building connections in the industry can open doors to better roles.
• Specializations: Pursuing niche certifications like tax consultancy can increase your value.

Benefits Beyond Salary for ACCA Professionals in Saudi Arabia

In addition to salary, professionals enjoy perks such as:

1: Housing and transport allowances
2: Healthcare benefits
3: Annual bonuses based on performance

Summing it all up for an excellent financial future

Pursuing a prestigious ACCA qualification in the Kingdom of Saudi Arabia can be beneficial for people. The country’s robust economy makes ACCA-qualified students high in demand across various industries such as finance, oil and gas, consulting, and even in the public and private sectors. ACCA salary in Saudi Arabia varies with different job positions, experiences, and levels. Saudi Arabia’s tax-exempt salary structure makes it more appealing to ACCA professionals. Making it one of the best places for ACCA professionals to pursue ACCA. 

Frequently Asked Questions (FAQs)

Q: What is the salary for ACCA globally?

Ans: ACCA is not specific to any country; it’s an international qualification. Thus, the ACCA salary globally varies but is relatively higher than other qualifications in the field of accounting and finance.

Q: What job roles ACCA-qualified members can get?

 Ans: ACCA-qualified members can easily get jobs roles like accountant, finance manager, tax consultant, or auditor.

Q: What is the scope of the ACCA in Saudi Arabia?

Ans: The scope of ACCA in Saudi Arabia is relatively high and aligned with its vision for 2030. Saudi Arabia is actively recruiting ACCA-qualified professionals.

Q: What are the benefits of working as an ACCA professional in Saudi Arabia?

Ans: Saudi Arabia offers a lavish lifestyle; working as an ACCA professional in Saudi Arabia will help you earn a rewarding income along with fringe benefits.

Q: What is the starting salary of ACCA in Saudi Arabia, and how much up can it go?

Ans: The starting ACCA salary in Saudi Arabia is 6,000 SAR and can go up to 240,000 SAR according to the job role and experience.

Q: Where can I get online coaching for ACCA qualification?

Ans: You can get ACCA online coaching from Mirchawala’s Hub of Accountancy. It is one of the leading ACCA learning providers, with students holding positions in their ACCA exams from all across the world.