Is ACCA Worth It in India

Is ACCA worth it in India? Salary, Job Opportunities, and Future Scope

The ACCA qualification is one of the most well-known and highly beneficial courses to exist in the present accounting landscape. It is designed to make accounting easy to study without sacrificing any standards. With students and members from all over the world, the course has developed into a professionally recognized accounting certificate in the modern era. Furthermore, to adapt to the shifting needs of the accounting and finance professional community, ACCA has undergone continuous change and evolution. Let’s now explore the scope of ACCA in India, covering some of its foundational knowledge, career opportunities, expected salary ranges, etc.

There are benefits associated with earning the ACCA qualification. The benefits are numerous and range from opportunities for foreign travel and rich pay packages to global acceptance and placements in accounting and consulting organizations in the public and private sectors. Before we move on to get the answer, is ACCA worth it in India? Let’s quickly understand what ACCA is and how it works.

ACCA Course Details 

The Association of Chartered Certified Accountants, or ACCA, is a professional worldwide accounting organization with its headquarters located in London. It provides the highest level of accounting certification. The organization is made up of 200,000 members and 500,000 students from 176 different countries.

The ACCA course enjoys the same level of recognition in India as it does worldwide. A flexible route to becoming a well-qualified accountant is to complete the ACCA program, which can be combined with other academic requirements or employment obligations. To be accepted as an ACCA member,

There are a few things to do:

• You must pass the ACCA exam or tests.
• Obtain meaningful real-world experience.
• Fulfill any other qualifying conditions stipulated by the ACCA.

Furthermore, you can study and take the examinations at any of the approved learning partners and exam centers in India that are part of the ACCA network. Mirchawala is a gold-approved ACCA institute in India. It strives to make ACCA courses in India accessible and affordable to everyone and build a comprehensive and efficient commerce ecosystem.

ACCA Career Opportunities in India

Regarding the ACCA career scope, there are a growing number of ACCA jobs in India  alternatives available. An ACCA professional can work as a financial planner, or management consultant, and perform other roles in addition to accounting. The fact is, there are always going to be possibilities for an ACCA. There are many different career profiles and areas to choose from. The number of work prospects for ACCAs has also increased significantly during the last several years.

The demand for ACCA has expanded in line with the growing awareness of the course’s significance and advantages. Multinational corporations and other bigger businesses are hiring ACCA specialists because the Indian economy is expanding and becoming more globalized. There are just as many corporations hiring ACCAs as there are expanding and developing enterprises and start-ups. With the number of multinational companies growing and the need for ACCA-certified individuals expanding, India is expected to become one of the biggest ACCA global markets. For this reason, after ACCA, competent students won’t need to look far for job opportunities.

It was a quick glance at the best ACCA jobs and career opportunities in India. Next, we will check the ACCA salary in India.

ACCA Salary in India 2024 

In India, an ACCA with no experience at all may expect to make between 3 and 6 lakhs per year on average. However, you can start making between 10 lakhs and more than 20 lakhs a year as you start accumulating work experience, particularly in fields like financial management, auditing,  taxation, etc. Additionally, ACCA Salary in India might vary significantly based on several variables, such as employment type, region, industry, experience, and area of work.

It is crucial to remember that the ACCA course will be subject to shifts and developments that occur in the industry, just like it is for any other certificate. It is better to stay up-to-date with the most recent advancements in the accounting and financial industries throughout the world, not just in India, to remain relevant in these rapidly changing circumstances.  

Frequently Asked Questions (FAQs) 

Q: Is ACCA good for the future in India?

Ans: Yes, the demand for ACCA in India is going high in varied industries, including consulting, taxation, and finance, because of its worldwide recognition and adaptability. 

Q: Can I get a job in India after ACCA?

Ans: After ACCA, you can explore a range of work opportunities with leading Indian and international brands in India. 

Q: Does Big 4 hire ACCA in India?

Ans: All the big 4s and renowned MNNCs, like EY, Deloitte, and Credit Suisse, are actively hiring ACCA professionals in India. 

Q: Can I get a job while doing ACCA?

Ans: It is possible to get a job while doing ACCA because of its flexible study schedule. You can complete your ACCA qualification while doing your job and grow in your career.

Q: Is ACCA demand in India decreasing? 

Ans: The demand for qualified ACCAs in India is on the rise. ACCA professionals play a significant role in growing businesses in the finance, auditing, and consulting segments. 

That’s it for now. Hopefully, you have got your answer—is ACCA worth it in India? If you still have any questions or doubts, contact us. We will be happy to help you.