Is This the Right Time to Pursue ACCA in India?

Today, organizations are actively looking for qualified experts to guide them through the dynamic ecosystem as the world economy grows and changes. The ACCA (Association of Chartered Certified Accountants) qualification is a great option for those looking to make a career in finance and accounting. Pursuing ACCA in India will help you reach your professional objectives while holding a notable industry position. This is the best time to begin your journey towards becoming an ACCA holder because of the many benefits and job opportunities that come with this qualification. In the accounting industry, passing the ACCA test is one of the most prestigious and well-recognized qualifications. This qualification is in great demand and provides students with numerous professional chances to succeed in their chosen financial field. 

The advantages of having an ACCA certification in India are enormous, and establishing a career shouldn’t be hindered by a few setbacks along the way. It’s not simple to master this professional qualification. In this article, we will share the key factors that highlight why this is the best time to do ACCA in India, along with some confidence-boosting advice and pointers from experts to help you go through the journey with confidence. 

Evaluating the Landscape of ACCA in India 2024

ACCA participates in forming new laws, regulations, and trends by keeping abreast of them. As per ACCA Global, over 500,000 professionals who hold the ACCA certification are employed in over 179 countries, such as South Africa, India, the UAE, the UK, and many more. In India, around 30,000 students begin their ACCA adventure each year.

It’s important to understand that you will need counseling, coaching, mentoring, and placement aid as you start your ACCA career in India. In order to determine if this is the right time to pursue ACCA, let’s break down the important variables that influence this choice.

New Skills

The hiring requirements of multinational organizations have changed in the dynamic business world of today. They now give preference to individuals with a global skill set rather than those with a narrow skill set. The ACCA as a company is nevertheless flexible in the face of these developments in the market. The best time to get your ACCA qualification is now since it will guarantee that you keep current with cutting-edge abilities and make you stand out as a precious asset in the cutthroat job market.

India is becoming a global economy every day as multinational corporations (MNCs) enter the country. Don’t fall for the fallacy that jobs are exclusively available in the United Kingdom. Promising job options are made possible by ACCA’s worldwide recognition, not only in India but also in nations like Europe, the Middle East, Africa, and other arts renowned for amazing job opportunities and quality of life. 

Explore the best career opportunities.

Every year, a significant portion of students in India actively look for work. It is recommended that you obtain the ACCA certificate in addition to your B.Com. The degree to ensure a competitive edge on your career path. ACCA certifications are highly valued and in great demand across different industries.

• Giant Brands

  In the business world, the ACCA designation is well respected and well-liked. India’s giant brands like KPMG, E&Y, Deloitte, and PWC, as well as international brands like Citicorp, JP Morgan, Microsoft, Google, ZARA, Apple, HSBC, Siemens, Nestle, and Accenture, are actively looking for ACCA-qualified professionals. 

• Significant Segments

  ACCA provides access to a wide range of fascinating global job options. Corporate financial reporting, audit and assurance, international taxation, legal governance risk and control, management accounting, corporate finance, mergers and acquisitions, financial and business analysis, credit control, and many more are among the many functions that these possibilities cover.

• High Salary

Notably, the beginning pay for professionals with ACCA qualifications in India is extremely competitive and can range from INR 5 to 7 lakhs annually. This implies that you can start your career in business as early as age 20.

• Network Opportunities

  ACCA actively collaborates with many stakeholders, including the public sector, manufacturing, FMCG, oil, gas, energy, financial services, and global business services. With relationships with more than 95 accounting firms and 7,820 recognized companies globally, ACCA currently links members with thousands of job openings via the ACCA Jobs job portal.

• Faster Route to Cover

ACCA provides more exemptions now, especially if you graduated with a B.Com., or as an undergraduate from a state or central institution that has been accredited. This translates into a faster route to finishing your ACCA course in India in just two years, as opposed to the usual three.

By skipping the ACCA BT, MA, FA, LW, and TX tests, you can cut down on the number of required papers from the intimidating 13 to just 8. Make sure the universities and your BCom program qualify for these five exemptions. It enables you to unlock great job options sooner than you ever thought possible and customize your study plan to fit your present student lifestyle. 

From the outset of your academic career, ACCA is a mark of distinction, honesty, and responsibility. Furthermore, ACCA does more than just assist its members; through innovative research, it actively works with authorities, institutions, employers, and regulators to shape the future of the accounting and business sectors.

Incorporate flexible, high-quality learning into your ACCA course. As a renowned ACCA learning provider, Mirchawala can help you craft a comprehensive ACCA journey by offering placement opportunities, coaching, mentoring, and guidance. 

Read more: ACCA career in Nepal

Frequently Asked Questions (FAQs)

Q: What is the duration of each ACCA in India?

Ans: If you take one exam every session throughout the year, you can complete your ACCA qualification at the optimal pace in three years. Although every student has different study habits, the ACCA recommends averaging 150 hours of study time for each paper to finish the qualification within the recommended time frame.

Q: Is it possible to complete ACCA in India within a year?

Ans: You can complete ACCA in as little as six months if you already hold your CA certification. Similarly, you may normally finish the ACCA qualification in a year if you’ve finished a bachelor’s degree in B.Com. Or a similar accounting program.

Q: Is ACCA easier to pass than CA?

Ans: When considering the length of study, the quantity of papers, the course levels, and the range of topics addressed, the CA course is more challenging than the ACCA course. With so many ACCA students receiving excellent exam scores, Mirchawala’s online ACCA course in India is well-known for helping students succeed on the exam.

Q: What is the ACCA salary in India?

Ans: In India, the average yearly pay for an ACCA member is expected to be between INR 6 lakhs and INR 15 lakhs. But when one gains experience, develops new abilities and takes on managerial responsibilities, this number may increase.

Q: Which is tougher, an MBA or an ACCA?

Ans: An MBA degree is thought to be less rigorous than an ACCA degree. Research indicates that while most MBA students breeze through the curriculum, more than half of those pursuing the ACCA certification find it difficult to pass the tests.

Q: Start your ACCA career in India with Mirchawala.

Ans: Mirchawala is the best online ACCA institute in India if you want to receive essential training on all subjects from industry professionals. Our reputation for producing the best ACCA-certified experts in the industry is well-established. Regardless of the papers you are taking, we will support you while you devote your time and effort to studying for the ACCA exams in India.