The ACCA (Association of Chartered Certified Accountants) exam is considered one of the most highly reputed exams in India. The profession has garnered a lot of recognition, and students have a lot of opportunities to work both in and out of India as it is a globally recognised qualification. Professionals can have a successful career in every sector ranging from banking, accounting, finance, audit to accounts and more.
The ACCA membership opens doors to job opportunities across the world. Students also have a plethora of options in MNC’s right here in India which includes the Big Four organisations (KPMG, Deloitte, PWC and EY). Let’s, first of all, understand why this course is favoured across the globe.
The ACCA course has nurtured job opportunities globally. They have tie-up employers worldwide, which has resulted in more than 208,000 fully qualified members and 503,000 students in 181 countries. ACCA has established itself as a trustworthy qualification with a high global standard, which is why multinational organisations look to hire ACCA professionals. ACCA has had audit recognition in the UK since the 1930s, this partnership allows ACCA members to work anywhere in the world.
As mentioned earlier, ACCA is well connected with businesses both big and small, they also have a firm footing with government and educational establishments. Currently, ACCA is connected with more than 7,400 approved employers and has more than 80 accountancy partnerships ranging from accountancy bodies, universities and donor organisations worldwide. ACCA also informs its members of the vacancies available and keeps them updated on the latest fads and trends, legislations and legal requirements. All these factors are why ACCA is able to churn out the most forward-thinking, strategic accountants that keep up with the requirements of the fast changing world.
ACCA is the gold standard in accountancy, their expertise is sought after by governments and professional bodies worldwide. ACCA is regarded as the Master’s level, which means that ACCA members can benefit from academic credit as they pursue higher studies. ACCA has also received UK Royal Charter in 1974 which establishes that they provide excellent quality of the core qualification
ACCA Scope in India
Instead of focusing on a base qualification like B.Com which has tough competition, with over 45 Lakh people appearing for the exams each year, taking a course like ACCA along with B.Com will give you a kick start to your career. The designation of an ACCA has trust value and is well established. They are well connected with businesses both big and small. As mentioned earlier they have a portal that is connected with 7,400 approved employers and 80 accountancy partnerships. You will have first-hand information about the job opportunities available. The starting salary for an ACCA qualified professional in India is about 4-6 LPA, this number keeps increasing as you garner more experience. It also allows you to start working in a well-established role when you are in your early twenties. It is very similar to a CA, it allows you to take up varied and interesting job roles across sectors. The job roles that students can look at after they complete their course in India are:
- Investment Advisory
- Risk Advisory
- Internal Audit
- Audit and Assurance
- Accounting Advisory
- Corporate Finance etc
ACCA scope outside India
There are quite a lot of opportunities for an ACCA qualified professional outside India. As mentioned earlier, due to the deep ties ACCA has with employers across the globe, you will always have access to information about job roles that are open. As a qualification to be an ACCA in itself, they expect you to have 3 years of work experience. This will really hone and polish your skills, and give you a deeper understanding of where you want to work, whether in the corporate sector or look into private consultation or check other options. Professionals can find a well rewarding and fulfilling career in consulting, advising, fund management and taxation etc abroad such as in the USA, UK, Dubai and Singapore. MNC’s also always have job opportunities open for financial and consulting roles.
ACCA is also a great doorway for those who are looking to further their education. It is a well-rounded career choice as its globally recognised and opens avenues for students looking to work for MNC’s or who wish to go abroad. They can garner good experience and exposure by working with such international firms. Organizations also prefer to have ACCA candidates as they are well versed with the systems and rigorous work style; they would also be experts in accountancy. Another great pull for the course is that it enables students to work as they complete their course. They also have an exceptional understanding of the market strategy and organizational management. It also opens doors to those who are looking to move up the ladder into leadership roles right at the beginning of their career.
So, in conclusion, ACCA is a certification that propels you into a secure career and offers a wide array of opportunities and exciting job profiles. If you have any further queries or want to know more about the course and the course structure, feel free to reach out to us and our experts will guide you.