ACCA Salary Across the Globe in 2024 

The rise in global financial transactions is driving countries to implement stricter regulations, increasing the demand for Certified Professionals. The Association of Chartered Certified Accountants (ACCA) is a well-respected organisation offering a globally recognised certification with strong career prospects and competitive ACCA Salaries across many countries. 

The ACCA certification covers essential areas like Accounting, Financial Reporting, Auditing, Business Finance, Taxation, and Financial Management, along with skills in strategy and organisational management. These competencies contribute to the attractive salary potential. In this blog, we will delve into the benefits of pursuing an ACCA certification and explore the promising ACCA Salary prospects for professionals in this field across globe. 

Table of Contents 

1) ACCA Salary Based on Location 

   a) ACCA Salary in the UK 

   b) ACCA Salary in the USA 

    c) ACCA Salary in India 

    d) ACCA Salary in Australia 

2) Factors That Influence ACCA Salaries 

3) Conclusion 

ACCA Salary Based on Location 

The ACCA Salary is highly variable according to the country one is serving in. Let's take a few examples to understand better how the ACCA salaries vary in a few of the most significant regions, which include the UK, USA, India, and Australia. 

1) ACCA Salary in the UK 

The UK is one region with the most well-paying jobs for ACCA professionals. The country has a stable financial sector, and there are many demands that it can meet among skilled Accountants with open arms. 

                                                                                                                           Source: Glassdoor  

1) Highest Salary  

ACCA professionals, who have several years of experience, are paid over £100,000 per year. In most organisations, such professionals would be Finance Directors or Chief Financial Officers of large corporations. Such people usually deal with strategic financial planning and decision-making, hence directly contributing to the organisation's success.   

2) Average Salary  

Currently, the average UK salary of a Qualified Accountant from ACCA is estimated at £50,000 every year. The figure also accommodates massive entry and mid-management degrees; in fact, the actual bottom and top figures of average salary may change with locations, company size, and individual expertise. For instance, Accountants in London often receive higher salaries because of the high cost of living in the city and competing job markets.  

3) Lowest Salary 

For those starting their careers, the lowest salaries can be approximately £28,000 per year. Some of the entry positions include Trainee Accountants or financial analysts. This is a modest salary, but then it presents an excellent foundation for growth; many professionals fast-track their careers with experience and more training.  

2) ACCA Salary in the USA 

The USA offers a dynamic environment and handsome compensation packages in various monetary forms for ACCA professionals. Salaries in the United States of America reflect the country's wide scope of economic possibilities and opportunities. The world's biggest sector is the financial sector, and, consequently, it has enormous demand for eligible Accountants in the United States of America. 

                                                                                                              Source: Glassdoor  

1) Highest Salary  

ACCA professionals operating out of major financial centres like New York and San Francisco can command upwards of $150,000 per year, even at the most senior level in multinational corporations. Such positions often require highly complex financial management, strategic decision-making, and supervisory roles over significant financial operations.  

2) Average Salary  

The average salary for an ACCA Accountant in the United States is around $85,000 annually. This could include junior and senior positions up to some management positions; however, it may vary with various factors, such as different industries and places. For example, IT and finance professionals might have a better position than the average pay scale because they are in high demand.  

2) Lowest Salary  

The role of an Assistant Accountant could be around $50,000 per annum. It's very important to get into such entry-level positions for experience in the advancement of the career ladder. Such Junior Accountants are taken through mentorship programs and professional development activities, which will lead them to higher salary levels as they advance.   

3) ACCA Salary in India 

In India, there is an increasing demand for ACCA professionals, especially with the expansion of businesses in a global market. The ACCA qualification is being increasingly valued in India's growing economy.  

                                                                                                                          Source: Glassdoor     

1) Highest Salary  

Senior professionals in India are paid up to ₹20,00,000 per year as salaries for ACCA holders. This most significantly has been seen by the top-tier consulting firms and multinational corporations. The best-rewarded position would most likely be that of a Finance Manager or Controller at established firms due to their important position in the company's financial strategy and operations.  

2)  Average Salary  

Average ACCA Salary in India is around ₹10,00,000 per year, which reflects the increase in the finance sector and the valuation done for ACCA certification. It is pretty much competing with most of the other professions in the country, which makes it extremely alluring for aspiring finance professionals.  

3) Lowest Salary  

Fresh ACCA jobs typically fall in the range of ₹4,00,000-₹6,00,000 per annum. This is a very general scenario for a fresher looking to build his or her career in finance. Although, by global standards, this amount is low as an introductory wage, there is significant potential for growth in the finance sector in India and many professionals experience salary jumps in just a few years. 

4) ACCA Salary in Australia  

Australia is known for its competitive salaries and high quality of life, making it an attractive destination for ACCA professionals. In the general economic perspective, the country has a solid economy and an increasing requirement for Professional Accountants, which leads to better salary prospects. 

                                                                                                                        Source: Glassdoor

1) Highest Salary  

In Australia, experts of ACCA can achieve annual remunerations salaries above AUD 150 000 while at the higher positions or specialised ones like forensic accountancy. Indeed, most of the roles require significant financial investigation and management of risks, which demands the highest level of professionalism and experience.  

2) Average Salary  

The average year salary for an ACCA-qualified Accountant in Australia is about AUD 90,000. This is reflecting the strong demand in the job market for accounting expertise and the importance of ACCA certification in the Australian job market. Salary varies according to specific industry; some offer compensation packages other sectors cannot match. 

3) Lowest Salary 

Entry-level roles can offer starting salaries of around AUD 60,000 annually, providing a solid foundation for a career in finance. Such jobs are often paired with training and professional development opportunities that allow new Accountants to develop their skills and their earning potential over time. 

Factors That Influence ACCA Salaries 

Several factors contribute to the variation in ACCA salaries across different regions. Here are some key influences: 

1) Experience Level 

Generally, the more experience an ACCA professional has, the higher their earning potential. Senior roles typically come with significantly higher salaries due to increased responsibility and expertise. 

2) Industry 

Salaries are industry specific. For instance, finance, consulting, and technology sectors tend to pay higher salaries compared to public sector jobs. Professionals working in specialised fields or high-demand industries may also demand premium salaries. 

3) Geographical Location 

The cost of living and demand for ACCA professionals can differ widely from one location to another. Major cities often provide higher salaries due to a higher cost of living and greater competition for talent. For example, salaries in metropolitan areas are typically higher than those in rural regions. 

4) Education and Additional Qualifications 

Holding additional qualifications or specialised certifications can enhance earning potential. Professionals who continuously upgrade their skills may demand higher salaries, as employers often value ongoing education and expertise. 

5) Company Size 

Larger companies often have bigger budgets and can afford to pay higher salaries compared to smaller firms. ACCA professionals in leadership roles within large organisations can earn significantly more, as these positions often require extensive experience and strategic oversight. 

6) Economic Conditions 

The overall economic climate can impact salary levels. In times of economic growth, companies may increase salaries to attract and retain top talent. Conversely, economic downturns may lead to salary freezes or reductions. 

Conclusion 

The ACCA qualification opens doors to a world of opportunities and offers competitive salary prospects across the globe. Whether you’re considering a career in the UK, USA, India, or Australia, the potential for growth is significant. By understanding the ACCA Salary landscape based on location and the factors influencing these earnings, aspiring ACCA professionals can better navigate their career paths.