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. 

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. Elance Learning, an ACCA Platinum-approved learning institution, is one such establishment. Elance is an organization that strives to make education accessible to everyone in all local languages, to build a comprehensive and efficient commerce ecosystem.

ACCA Career Opportunities in India 

Regarding the ACCA career scope, there are a growing number of 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.

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, the typical income 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 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.