If you have these thoughts of whether your learning will lead you towards a decent job with a high pay scale or not, then let us cross you with this familiarity that India is a developing country. And we believe that with a more substantial base in every skill set, you will undoubtedly make a beautifully smooth transition towards your goal. Regardless of the subject you are studying, the place you have decided to work, the salary range you have to hit by the date you promised yourself. The only thing that matters is your enthusiasm to touch the goal line as soon as possible. In this blog we will explore the best career options after ACCA in India.
ACCA is a UK-based certification course hitting the commerce brains these days. But fear from the several segments forces the students to step back from their goals. The initial thought that crosses your mind is your future beyond it when you decide to study anything. Similarly, it happens with the graduates from India finally deciding to opt for ACCA. Everyone tends to ask this question to the seniors – “What is the ACCA Salary for an ACCA and scope in India ”.
However, the answer to this question lies in your level of education and skills. If you are well-qualified with high-end capability and looking for jobs after ACCA, you have unlocked this door of ACCA fresher jobs in India. Settling in India post your qualification or thinking of moving abroad – the toss of the coin is on you. Moreover, thinking about the career options after ACCA, as mentioned earlier, India is a developing country. We get to run through multiple changes regularly. And you now have to accept that we have a vast opening for the ACCA qualified.
Let’s list down the ‘3 Why’s’ to ACCA being the next big thing in India, and the Scope of ACCA in India and abroad
- Growth – With the boost in growth in the accounting and finance sector, employers in India are now eagerly hiring ACCA-qualified candidates. The widely popular Big 4 companies and the MNCs are highly attracted towards the ACCA qualified professionals in India. The expanding branches of these companies are a green flag for those pursuing ACCA.
- Outsourcing – India’s financial KPOs are booming and are the outsourcing hub for the finance and accounting division. Hence ACCA in India, is warmly welcomed to be a part of this business area.
- Edge – Besides, ACCA tends to cover IFRS extensively in its comprehensive syllabus. This consequently gives a sharp edge to the ACCA members in India.
Overview of ACCA Qualification
What is ACCA? The full form of ACCA is Association of Chartered Certified Accountants, a globally recognized qualification in accounting. With its extensive syllabus covering everything from financial accounting to strategic business management, ACCA professionals are highly sought after across a wide range of industries. Whether you’re interested in global opportunities or a prominent position in India’s thriving financial sector, ACCA can open doors to a variety of prestigious career options after ACCA.
Watch out for the 15 Best Career Options After ACCA in India
Accounting & Reporting
- Maintaining the financial records is the prime responsibility of ACCA professionals. Since the Big 4s, KPOs, and MNCs follow global accounting standards. The ACCAs are bound to get hired for these roles to get a smoother outcome.
- Students who have done finalization of accounting of entities like partnership firms, private limited companies, and sole traders are eligible for these jobs.
- Students with 1 to 3 years of experience in an audit firm or an industry with international exposure are the right match for these career options after ACCA.
Financial Accounting
Financial accounting is the accounting field related to the analysis and reporting of financial transactions for a business.
- Candidates with a basic understanding of Indian GAAP / IND AS, Accounting and Assurance concepts.
- Candidates must have the ability to research client inquiries and emerging issues, including regulations, industry practices and new technologies.
- ACCA with 0 – 3 years of relevant work experience.
- Candidates must apply independent and objective professional judgment in using accounting standards to meet.
- He should demonstrate a clear understanding of accounting concepts; stay informed of professional standards and firm policies.
Business Valuation
Considering the latest economic interest in the business world with mergers and acquisition being a part of this era, an ACCA is a perfect fit to fill the gap.
Tax Consulting
Since ACCA is a worldwide study of accounts and taxation, a global job opportunity is sure to come seeking for your resume if you are well-qualified.
Treasury or Cash Management
The funds never stay idle and always require someone to ensure that the cash flow is smooth. That’s why a sector like this needs an ACCA to maintain the smooth functioning of funds.
Audit Manager
Audit Managers are responsible for overseeing auditing processes and ensuring compliance with laws and regulations. They lead audit teams, conduct audits, and liaise with clients to assess financial systems and ensure accuracy in financial reporting. This role is typically suited for those with strong leadership and analytical skills, making it ideal for ACCA professionals with prior audit experience.
Financial Analyst
Financial Analysts analyze financial data and trends to provide strategic insights into the company’s financial performance. They work closely with senior management to make informed decisions about investments, budgeting, and forecasting. ACCA professionals with a strong understanding of financial reporting standards and forecasting techniques are well-suited for this high-demand role.
Management Accountant
Management Accountants focus on internal financial management, helping businesses plan and control their financial activities. They prepare financial reports, analyze business performance, and make recommendations for cost savings and efficiency improvements. For ACCA graduates, this role combines financial expertise with strategic decision-making skills.
Forensic Accountant
Forensic Accountants specialize in investigating financial discrepancies, fraud, and other financial crimes. They work with law enforcement agencies or legal teams to provide financial evidence in cases involving disputes, fraud investigations, and bankruptcy proceedings. ACCA graduates with strong analytical and investigative skills are highly suited for this challenging yet rewarding career option after ACCA.
Financial Controller
Financial Controllers are responsible for overseeing the financial operations of an organization, including accounting, reporting, and internal controls. They ensure the company complies with financial regulations and produces accurate financial statements. ACCA professionals are well-prepared for this leadership role, especially with a solid understanding of international accounting standards and financial regulations.
Risk Manager
Risk Managers identify potential risks to an organization’s financial stability and develop strategies to minimize those risks. They assess financial, operational, and market risks and implement policies to mitigate those risks. ACCA professionals with expertise in financial analysis and risk management are highly valued in this growing field.
Financial Planner
Financial Planners help individuals and organizations manage their financial portfolios. They provide advice on investments, retirement planning, estate planning, and insurance. For ACCA professionals, this role is ideal for those with a deep understanding of finance and a passion for helping others secure their financial future.
Internal Auditor
Internal Auditors evaluate and improve a company’s internal controls, ensuring that its operations are efficient, compliant, and transparent. They perform audits of internal processes, financial systems, and operational controls. ACCA graduates with a keen eye for detail and a solid understanding of financial regulations are well-positioned for this role.
Assistant Accountant
Assistant Accountants support the finance department by assisting with bookkeeping, preparing financial statements, and managing invoices and accounts payable/receivable. For ACCA graduates, this entry-level role provides a solid foundation in financial accounting, offering opportunities to grow into more senior positions over time.
Chief Financial Officer (CFO)
The Chief Financial Officer is a senior executive responsible for managing the financial actions of a company. They oversee financial planning, risk management, record-keeping, and financial reporting. ACCA professionals with leadership experience and a comprehensive understanding of financial strategy can step into this high-level role, which typically comes with a high salary and significant responsibilities.
These are some of the Career options after ACCA in India.
Curious About Career Options After ACCA in India?
Salaries of an ACCA in India?
Companies like the Big 4s, Ernst and Young, Deloitte, TATA, KPMG, Waterhouse Coopers, and several more tend to pay an equivalent salary to an ACCA as that of a CA. However, talking about the actual figure again totally depends on the skills you own, the company you work for, and of course your job role too.
Companies hiring ACCA in India?
Companies like Tata Grant Thornton, Embassy Group, PepsiCo are always on the lookout for a ACCA graduate or professional. Additionally, corporate giants such as the Big 4s, Ernst and Young, Deloitte, TATA and KPMG also bring a range of interesting opportunities to watch out for.
ACCA Course Coaching, Passing Rate & Placements?
If you expect to get the finest lessons of your ACCA journey with excellent faculty members that not just limit up to completing your ACCA course subjects on time but also figure out the revisions for your exams, Zell Education can be your partner in this journey. If you are graduates looking for the best coaching classes for ACCA, feel free to reach out to us and we’ll be there to guide you through every step of the way.
The ACCA qualification is recognized in over 180 countries including Canada, Singapore, and Australia. If you’ve made the decision to become a global CA and are contemplating your next move, we can help you take a step forward. Check out our Association of Chartered Certified Accountants (ACCA) course to learn more.
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Conclusion
The scope of an ACCA program in India is vast, with numerous career options after ACCA across various industries. Whether you choose a role in audit, financial analysis, management accounting, or forensic accounting, ACCA equips you with the skills needed to excel in the ever-growing financial sector. With strong job prospects in top firms, multinational corporations, and financial service providers, ACCA graduates are poised for success in India and beyond.
FAQs on 15 Best Career Options After ACCA in India
Which is the highest paying job after ACCA?
The highest-paying jobs for ACCA graduates are typically Chief Financial Officer (CFO) and Financial Controller, where professionals can earn competitive salaries based on their experience and responsibilities.
Who earns more, CA or ACCA?
While both CA and ACCA professionals are highly skilled, the earning potential depends on the role and industry. However, in some cases, ACCA professionals may have a broader scope globally, leading to higher salaries, especially in multinational corporations.
Is it difficult to get a job after ACCA?
Securing a job after ACCA may require some experience or internships, but with the right skills, networking, and industry knowledge, ACCA professionals typically find rewarding career options after ACCA, especially in industries such as accounting, finance, and consulting.
Is ACCA really worth it in India?
Yes, ACCA is increasingly recognized in India and offers excellent career options after ACCA, especially with the growing demand for global accounting professionals in multinational corporations and financial service firms. The qualification is highly respected and provides opportunities for both local and international career options after ACCA.
