ACCA Salary in UK: Pay Scale, Job Roles & Career Growth

Accounting and finance professionals have always been in high demand in the United Kingdom. As the global economy becomes more complex, there is a demand for an internationally recognised degree. One of the most popular designations is the ACCA or Association of Chartered Certified Accountants qualification. ACCA in UK is a global professional body that offers the Chartered Certified Accountant qualification. International students, including Indian who are planning for career in the field, must understand the ACCA salary. On average, an ACCA salary in UK is around £74,000 for graduates. 

This blog will cover the average salary for ACCA, factors influencing pay scales, career growth for ACCA, and more.

Start Your ACCA Journey Today!

Why Choose ACCA in UK?

The Association of Chartered Certified Accountants is a globally respected qualification. It opens doors to a diverse range of career opportunities across the accounting and finance fields. Many students search for Why Choose ACCA in UK?. The major reason is its top-ranked universities in the world and multinational organisations. The United Kingdom is home to many globally ranked universities, accounting firms, and multinational organisations. Mentioned below are other reasons for choosing ACCA in UK:

• ACCA is globally recognised in over 180 countries.
• UK organisations are always looking for professionals with ACCA certification for multiple roles.
• Students get multiple career options from trainee roles to senior management and CFO positions.
• The ACCA qualification opens doors for Indian students all around the world.

Average ACCA Salary in UK

The average ACCA Salary in UK is around £74,000 for graduates. This average salary depends on seniority, location, and industry. 

• Entry-Level graduates with 0 to 2 years of experience can earn from £25,000 to £35,000 per year. 
• Mid-Level graduates with 3 to 7 years of experience generally earn between £40,000 and £60,000 annually. 
• Senior-Level graduates with 8+ years of experience can earn £65,000 or more.

If we convert this salary in Indian rupees, then the ACCA salary in UK in rupees is between INR 30 L to INR 78 L and more. Study in UK will vary depending on the experience level of graduates. Monthly, ACCA salary in UK per month ranges from £2,500 to £7,000 or more per month.

Salary by Job Roles for ACCA Professionals in the UK

The ACCA salary in the UK depends on the role students choose and the experience they have. Below is a breakdown of salary by job roles for ACCA professionals in the UK:

Salary Comparison: ACCA vs. Other Qualifications in the UK

It is common to compare ACCA with other qualifications like CIMA, ACA, and CPA. Mentioned below is the salary comparison of ACCA with other qualifications in the UK:

• ACCA vs. CIMA: The average salary of newly qualified ACCA professionals is around £74,000 per year. On the other hand, the average salary of newly qualified CIMA professionals is around £62,000.
• ACCA vs. ACA: An entry-level ACA graduate can earn more than ACCA professionals. However, experienced ACCA professionals earn up to £100,000, while ACA professionals can earn up to £75,000.
• ACCA vs. CPA: Both ACCA and CPA in the UK are highly valuable certifications. The average salary of ACCA and CPA professionals is almost the same. ACCA professionals can earn between £40,000 and £60,000. CPA professionals can also earn between £40,000 and £60,000.

Factors Affecting ACCA Salary in the UK

Mentioned below are the key factors affecting ACCA salary in the UK:

• Experience Level: It directly impacts the ACCA salary, as senior-level graduates earn higher salaries than entry-level graduates.
• Location: Location is another major factor that has a high impact on the salary. Financial hubs like London offer higher salaries than other financial hubs.
• Industry Sector: Graduates in sectors like Finance, banking, and consulting can earn higher than non-profit or public sector.
• Skills: Strong skills in areas like financial reporting, auditing, analysis, tax compliance, and budgeting are crucial.
• Employers: Multinational organisations and the Big Four accounting firms, like PwC, Deloitte, EY, and KPMG, offer higher salaries.

Benefits Beyond Salary

Salary for ACCA graduates in the UK is attractive. But the qualification also brings many benefits for students. Mentioned below are the benefits beyond salary for ACCA-qualified individuals:

• Job Security: Accountants are always in demand, which will ensure job security.
• Global Opportunities: ACCA members can work across multiple countries.
• Career Flexibility: ACCA-qualified individuals can switch between roles in audit, taxation, and consultancy.
• Professional Recognition: ACCA is highly respected by employers worldwide.

Career Growth for ACCA in the UK

The United Kingdom is a financial hub with many multinational finance companies. Therefore, the career growth for an ACCA in the UK is strong and structured. Most begin as trainee accountants and move into analyst or specialist roles. After gaining experience, they progress to manager and controller roles. Many of them will work for accounting firms or CFOs in multinational companies.

Top Companies for ACCA Graduates

Explore the top companies for ACCA graduates with the sectors below:

Future Outlook of ACCA Salary in UK

The future outlook of ACCA salary in UK is positive due to an increase in demand for skilled finance professionals. Also, the growing number of MNCs and Big 4 firms is expanding around the world. The UK finance sector is projected to create multiple job roles in taxation and financial management. Technologies such as AI and automation in accounting increase the demand for professionals. Thus, ACCA professionals who adapt latest technologies can draw higher salaries in the coming years.

Is ACCA Worth It for Indian Students?

Many applicants search, that Is ACCA Worth It for Indian Students? Yes, ACCA is generally worth it for Indian students. The ACCA qualification in the UK offers a globally recognised certification with a strong return on investment. Here’s why:

• The ACCA starting salary in UK for freshers is higher compared to entry-level roles in India.
• Indian students get global exposure that enhances their career opportunities both in India and abroad. 
• The ACCA salary in the UK is attractive and it ranges between INR 30 L to INR 78 L and more, as per the job roles.
• Studying ACCA in the UK provides valuable networking opportunities with global employers.

Thus, the ACCA qualification in the UK is worth it for Indian students aiming for an international career.

Conclusion

The above blog covers ACCA salary in UK in detail. This shows the strong demand and respect for this qualification in the global job market. ACCA professionals can enjoy competitive pay, career flexibility, and international opportunities. The average ACCA salary in UK varies based on experience, job roles, and industry. The overall outlook for ACCA professionals in the UK is highly positive.

Call to Action

Are you planning to study ACCA in UK and want to know the salary?

We, at Education Vibes, guide many students through the entire process of ACCA. Our experts will help you explore the average ACCA salary in the UK. They also help you with choosing the right program to apply to, visa guidance, and career counselling.