The Chartered Certified Accountant (CCA) offered by the Association Of Chartered Certified Accountants ( ACCA) is one of the most sought-after qualifications in the world of finance. It is a globally recognized and highly rated professional certification that thousands of students choose to go for every year. Once they pass they get access to the wide range of ACCA careers that available across the world today.
The qualification is suitable for the students who are yet to enter the professional world as well as those who are already experienced and are looking for a boost or a change in their careers. It is ideal as a higher level qualification for any student who has already earned a Bachelor’s Degree in Accountancy or economics, which will help them to get a job opening very easily.
ACCA is presently recognized in 178 countries around the world and has a member base of 188000 and a student base of 480000. This in itself is a testimony to the wide popularity and acceptability of the ACCA qualification. After you get this certification, you will not have to worry about how to get a job. It will give you access to ACCA career opportunities in various companies belonging to multiple sectors.
Skills That Set Them Apart
The ACCA certified candidates are widely respected as experts in accountancy and related skills. The course covers a wide range of topics related to these areas and it also plays a special emphasis on professional ethics which every ACCA certified candidate is supposed to follow thoroughly in their professional lives. Strong theoretical knowledge and the ability to implement the knowledge in the practical world make the ACCA certificate holders most sought after in the job market. They have the ability to work in multiple profiles related to accountancy in a number of industries across the world.
Companies Looking For ACCA Holders
As already mentioned, there are 188000 ACCA certificate holders spread across 178 countries. Many of them are working in middle and top level positions and have the decision making powers that drive their organizations forward. These ACCA certified professionals have been raising the awareness of ACCA among the employees and themselves actively recruiting other ACCAs in their organizations.
Accounting is a discipline which is needed for every type of organization, irrespective of their vintage, size and the industry in which they operate. This is why ACCAs have a widespread acceptability in every type of company, small medium and large. This has helped in ensuring that multiple ACCA careers paths are available today, and there are a number of vacancies available at all times. You can find these vacancies on the ACCA careers portal.
The main industries where is ACCAs get employed are:
- Accounting and public practice
- Financial services
- Public services and not for profit
- Oil, gas, and energy
- Global business services
- Management consultancy
- Shared services and outsourcing
- Public practice
Some prominent companies which employ ACCAs are KPMG, Abbot, Huawei, Morgan Hunt, RSM, Hays, etc. Not only the qualified ACCAs, even the students who are pursuing the course can get attractive internships and placement offers from these companies and start their careers early.
The salary packages that the ACCA certification holders draw are quite attractive. There is a steady demand for the students and the partly qualified ACCAs in the industry as well. The students can start earning even during the course and can start their careers quite early in this way.
The starting ACCA salary package for a student accountant in the UK is around GBP 20,000. A partly qualified ACCA can get an average of GBP 25,800 and the starting package for a qualified ACCA is generally at least GBP 30,000.
The potential for salary hikes for ACCA qualified employees is also quite attractive. A recent salary survey conducted among the working ACCAs revealed that at least 61% of them expected a salary hike in the current year. Being the holders of a globally recognized qualification, they can get the opportunity to get good ACCA careers in foreign countries as well. This increases the opportunities for them to draw a better salary by taking up overseas assignments.
Region Wise Salary Scale
While the salary range does vary in different countries, overall it is seen that the ACCAs earn better packages than their non-certified peers. The following are the salary statistics that were revealed by the latest CIMA Salary Survey:
|Australia||£32,400 – £40,500|
|France||£23,100 – £31,400||Plus some extra packages|
|Germany||£23,100 – £28,900|
|Hong kong||Standard: £18,600 – £21,400|
|Big four professional services:|
£25,100 – £27,000
|Singapore||£24,000 – £30,000|
|Switzerland||£47,400 – £61,000||Plus bonuses|
|UK||£28,000 – £40,000||Full support package and benefits|
If you are looking for a career in finance with a special focus on accountancy, then ACCA can be a very good choice for you. It can offer you both long term career growth and attractive salary packages and can help you to build a strong future for yourself.