ACCA (Association of Chartered Certified Accountants) is a globally recognized professional organization for accountants, specializing in accounting, financial bookkeeping, and decision-making skills. Chartered Accountants (CAs) have high earning potential, career growth opportunities, global recognition, and job security. The average ACCA salary in the UK is £48,500 (48 lakhs INR) per year, influenced by factors such as experience, qualification, industry, location, and organization.
Table of Contents:
- Chartered Accountant Career in the UK
- Average ACCA Salary in the UK
- Factors Affecting ACCA Salary in the UK
- Certifications to Improve Accountant Salary In the UK
- Top Companies Who Hire Chartered Accountants in the UK
- Conclusion
- Frequently Asked Questions
Chartered Accountant Career in the UK
CAs are highly skilled in accounting, auditing, taxation, financial reporting, and advisory. They work in public accounting firms, financial institutions, government agencies, and private businesses, managing finances and ensuring compliance with laws and regulations. AAT membership is a stepping stone to becoming a CA, requiring passing accredited exams, relevant work experience, and a bachelor’s degree in accounting.
Average ACCA Salary in UK
ACCA jobs in London offer the highest salaries in the UK, averaging £33,120 per year. Salary varies based on experience and qualification, with benefits like pension, healthcare, and bonuses. An ACCA trainee earns around £19,300 per year, while a partly-qualified professional makes £25,800 per year on average. ACCA finalists can earn nearly £30,700 annually.
Factors Affecting ACCA Salary in UK
Experience, skills, location, qualifications, and specialization influence ACCA salaries. Gradual increase in salary comes with expertise, with skills like financial reporting, auditing, analysis, and tax compliance being crucial. Different cities offer varied salaries due to differing costs of living, with London offering the highest.
Certifications to Improve Accountant Salary In UK
Certifications from regulatory bodies like CIMA, ICAEW, and CPA enhance salaries, with ranges varying from £25,000 to £120,000 per year depending on the certification. Specializations like auditor, CFO, risk manager, and financial analyst also impact salary levels.
Top Companies Who Hire Chartered Accountants in UK
PwC, Deloitte, KPMG, and EY are top recruiters, offering salaries ranging from £45,000 to £65,000 per year. UK-based companies provide higher salaries compared to Indian companies, attracting Indian accountants with ICAI qualifications. Multinational accountancy firms offer attractive packages and career growth opportunities.
Conclusion
ACCA-certified professionals in the UK earn an average salary of £48,500 per year, with various factors influencing salary levels. The demand for ACCA jobs is expected to rise, requiring well-qualified and skilled professionals to compete in the field.
Frequently Asked Questions
- How much does an ACCA earn in the UK?
- The average salary for ACCA jobs in the UK is £52,500, varying by industry and location.
- Is ACCA in demand in the UK?
- The UK is expected to create 80,000 accounting jobs in the next 30 years, indicating a high demand for ACCA-certified professionals.
- In which country is ACCA highly paid?
- The USA pays high compensation for ACCA jobs, ranging from Rs. 29 lakhs to Rs. 88 lakhs per year, making it one of the highest-paying countries for ACCA jobs.
- Is ACCA worth it in the UK?
- ACCA certification demonstrates skills, knowledge, and professionalism, increasing job prospects and earning potential, making it worthwhile in the UK job market.
This blog provides an in-depth look at ACCA salaries in the UK, career opportunities, and factors influencing salary levels, helping aspiring accountants make informed career decisions.
