What is an ACCA Affiliate? What Does It Mean for Your Career and Salary?
ACCA can be your golden ticket for a fulfilling career in finance and accounting. It can be attained by starting the process of becoming an Association of Chartered Certified Accountants (ACCA) affiliate. ACCA is a globally recognized certification that provides access to a wide range of opportunities across multiple industries. In this blog, we will be talking about the ACCA affiliate in detail, including the benefits, prerequisites, difficulties, and success strategies.
What is an ACCA Affiliate?
As we know already, ACCA stands for the Association of Chartered Certified Accountants. It is a globally recognized qualification consisting of 13 papers that are administered by ACCA over a two- to three-year period. After qualifying on these 13 ACCA exam papers, candidates are granted the affiliate title and can proceed with their careers.
ACCA certification provides students with the knowledge and appropriate skill set they need to work for any company in a variety of accounting and finance-related fields. Among the many factors that make it a desirable career choice for young people are higher salary packages, a wide range of jobs, and international recognition.
Benefits of Becoming an ACCA Affiliate
- Worldwide Recognition: Because ACCA is accepted in more than 180 nations, it is simpler to explore career opportunities anywhere.
- Flexible Career Options: The certification provides access to a range of positions in a variety of areas, such as consulting, financial management, and auditing.
- Professional Development: The ACCA program prepares you for senior positions in the future by fostering the development of both technical and professional abilities.
- Opportunities for Networking: Joining the global network of finance experts as an ACCA member and student can be extremely beneficial for career progress.
How do You Become an ACCA Affiliate?
The following requirements must be fulfilled to become an ACCA affiliate:
- Earn qualifications; make sure you have two A-levels or their equivalent, together with at least three GCSEs (C or higher), including math and English.
- Register with ACCA, visit ACCA’s official website, register, and pay the registration cost to create an account.
- Search for exemptions; certain ACCA exams may be waived for you if you meet certain requirements. Check your eligibility by going to the ACCA website. Go here to learn more.
- To qualify for the ACCA exams, you need to pass a total of 13 tests, broken down into knowledge, competence, and professional levels, which will be required of you. Put in a lot of study time and pass them in the correct order.
- Clear your dues once all the requirements have been met, and become an ACCA affiliate by paying the yearly subscription costs.
You are now an accomplished ACCA Affiliate after completing the aforementioned activities.
ACCA Affiliates Salary Range
Although the ACCA Affiliate’s salary varies greatly depending on a number of parameters, it often falls between USD 50,000 and 70,000 per year, depending on the industry, location, and degree of responsibility.
There are some key factors that influence the ACCA Affiliates’ salary. Regional differences in pay are substantial. Affiliates are paid more in industrialized nations than in developing ones. Affiliates in sectors like technology, consultancy, and investment banking make more money than those in the public sector or nonprofit organizations.
Higher pay is sometimes demanded by affiliates who have previous experience or who have already gained some practical expertise.
Bottom Line
Becoming an ACCA affiliate is a major step toward a prosperous financial career. Although you have completed all of the ACCA course exams, a few more requirements must be met before you may become a full member. Prioritize completing the ethics curriculum and obtaining work experience. You will become a complete ACCA affiliate member and have access to even more opportunities, including a greater ACCA affiliate income if you focus. The first step to a fulfilling worldwide career is learning what an ACCA affiliate is and how to become one.
What are the steps to become and stay an ACCA Affiliate?
To become an ACCA affiliate, you need to qualify for all the tests, finish the PER and EPSM, and your ACCA progress must be continuously updated.
Frequently Asked Questions (FAQs)
Q: Is an ACCA affiliate equivalent to a degree?
Ans: In many nations, the ACCA is regarded as having the same professional worth and degree of difficulty as a master’s degree. But unlike a Master’s degree, it doesn’t come with a recognized academic title.
Q: What comes after ACCA affiliate?
Ans: The path continues after becoming an ACCA affiliate. To join the ACCA as a full member: The requirement for Practical Experience (PER): 36 months of relevant job experience should be accumulated.
Q: Is there a time limit for becoming a member after being an affiliate?
Ans: The process of moving from affiliate to member has no time limit. You can apply to become an ACCA member after passing all thirteen exams, completing the ethics module flawlessly, and gaining three years of practical work experience.
