The salary of an ACCA (Association of Chartered Certified Accountants) member in India typically ranges between INR 6.4 and 39.5 LPA (Lakhs Per Annum). However, this figure can vary considerably based on several factors.
Here's a breakdown of factors influencing ACCA salary:
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Experience Level:
- Freshers (ACCA Affiliates): Entry-level positions will likely command salaries on the lower end of the range.
- Experienced ACCA Members: As ACCA members gain experience and demonstrate expertise, their earning potential significantly increases.
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Job Role:
- Different roles within accounting and finance (e.g., financial analyst, accountant, auditor, finance manager) have varying salary scales.
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Company Size and Industry:
- Larger multinational corporations (MNCs) and companies in high-growth industries often offer more competitive salaries.
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Location:
- Salaries can vary based on the geographic location of the job. Metropolitan areas and financial hubs tend to offer higher compensation packages.
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Additional Skills and Certifications:
- Having additional skills (e.g., data analysis, proficiency in specific accounting software) and certifications can enhance earning potential.
Salary Progression:
The ACCA qualification is highly valued in the accounting and finance field, and members can expect significant career growth and remuneration increases as they gain experience. The starting salary might be lower, but the potential for advancement is considerable.
Important Note: The provided salary range is an estimate and can fluctuate depending on market conditions and individual circumstances.
