AN OVERVIEW:
ACCA is a competitive qualification that leads to bright career prospects. The structure of the qualification offered to aspirants aims to equip them with diverse academic knowledge, technical skills, ethical and professional skills, and compliance with international accounting standards. All these academic and professional skills are considered very valuable in the international job market, therefore, ACCA members have various career opportunities. Skillful ACCA professionals are in demand and are offered high-potential salary packages, however, members who still desire to increase their ACCA salary in Nepal can integrate strategies mentioned in this blog into their professional lives to enhance their worth which leads to ACCA salary increase.
COMPLETE ACCA MEMBERSHIP:
If you are an ACCA affiliate who is waiting for their membership application to be approved or haven’t got ACCA membership for whatever reasons, the first and foremost important thing you need to do is to become a complete ACCA member. Along with many other benefits ACCA membership also enhances your professional profile and therefore, it results in an ACCA salary increase. ACCA salary in Nepal for members is far more than ACCA affiliates’ as members have more and better job opportunities. MNEs and large corporations prefer ACCA members over ACCA affiliates and offer good salary packages along with job security and other benefits.
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GAIN PRACTICAL EXPERIENCE EARLY:
ACCA students who want to accelerate their academic and professional journey are advised to complete their practical work experience as soon as possible. You might be aware of the fact that to become eligible to apply for ACCA membership it is extremely important to complete your PER. If you desire a job with a good ACCA salary in Nepal try to gain practical work experience along with your studies. This will help you to speed up the membership process and add value to your professional profile. The more experience you will have with finance, accounting, and business sectors, the higher the ACCA salary in Nepal will be offered. Employers value professionals having expertise along with academic performance, professionals with both these things are sought-after in the job market.
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WORK FOR BIG 4 OR TOP AUDIT FIRMS:
Aspirants and professionals who want faster growth professionally as well as an ACCA salary increase, are advised to work for the big four accounting firms or top audit firms in Nepal. The big four firms include Deloitte, KPMG, PwC, and EY, whereas examples of top audit firms are; BRS Neupane and TR Upadhya. The reason why working with these firms will be beneficial for ACCA members is that these firms offer fast growth, excellent exposure, and competitive ACCA salary in Nepal. Even if the initial salary might seem a bit modest, their structured salary growth is really good, additionally, the brand name on your resume adds value to it.
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FOCUS ON IN-DEMAND SKILLS:
ACCA professionals who have exceptional technical skills are always prioritized and offered attractive ACCA salary in Nepal in comparison to those with academic performance only. Therefore, if you desire an ACCA salary increase you should focus on developing in-demand skills such as Excel and Power BI for data analysis, financial modeling for forecasting and investments, IFRS and tax for regulatory compliances, and reporting standards. With the addition of each skill your professional worth in the job market increases.
TAKE ADVANTAGE OF SECTORAL OPPORTUNITIES:
Do your research and look for the better-paying sectors or industries in Nepal for ACCA professionals. ACCA members have the flexibility to work in several industries under numerous roles, take advantage of this opportunity, and make wise decisions. Some of the examples of better-paying industries for ACCA members in Nepal are banks as they offer stability and structured ACCA salary increases, INGOs or development programs as they usually pay in USD and attractive ACCA salaries in Nepal, Fintech and telecom companies as they offer several diverse roles to ACCA professionals and competitive salary package.
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UPSKILL WITH CERTIFICATIONS:
More professional certifications make you stand out amongst other candidates and make you the top priority of the employer. Automatically, employers are willing to offer a competitive ACCA salary in Nepal to candidates with specialized certifications. If you desire an ACCA salary increase you can gain certifications such as CFA level 1 for aspirants of finance/ investment roles, DipIFR if you are aiming for strong IFRS roles, CISA is advised for individuals with interest in audit, and if you want to expand your career in analytics jobs go for Power BI/ Excel.
NEGOTIATE YOUR WORTH:
The main challenge faced by skilled ACCA professionals is poor negotiable skills which leads to leaving money on the table. Individuals who know their worth and have strong negotiable skills receive competitive ACCA salaries in Nepal. To become better at negotiating your worth the first step is to research average salary ranges. The second step is to be confident while presenting your academic and professional achievements. Lastly, showcase your worth to the organization and how you can benefit them. These steps can help you in getting an ACCA salary increase in Nepal.
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KEEP NETWORKING:
Strong networking opportunities are very beneficial for ACCA members, taking advantage of the global exposure and networking opportunities offered by this qualification. If your network is strong, good career opportunities will come your way automatically, stay active and grab the job opportunity that aligns with your goals and offer you the expected ACCA salary in Nepal.
GO BEYOND JUST FINANCE:
If you feel like ACCA salary in Nepal isn’t as per your expectations you can switch to roles other than finance and accounting. You can explore roles such as business analyst, operations manager, and project coordinator. These roles use your academic background in ACCA and offer better-paying jobs.
EXPLORE REMOTE OR FREELANCE OPPORTUNITIES:
If you desire to increase your income other than ACCA salary in Nepal, you can explore remote opportunities or offer freelance services as an auditor, tax consultant, etc on online platforms like Upwork, Deel, Toptal where you can take projects from clients or organizations and get paid in USD.
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FREQUENTLY ASKED QUESTIONS:
Q1: Can International exposure result in an ACCA salary increase in Nepal?
A: Yes, your global exposure or association with multinational organizations can add value to your professional profile that can result in ACCA salary increase as compared to local job opportunities.
Q2: Does job-hopping help in increasing ACCA salary in Nepal?
A: If you switch your job in 2-3 years it might result in an ACCA salary increase depending on your skills and expertise. However, frequent job hopping can make your job profile a red flag to employers.
