ACCA (Association of Chartered Certified Accountants) is a globally recognised professional accountancy qualification that equips you with the necessary skills and knowledge to pursue a successful career in finance and accounting.
ACCA professionals are in high demand in the UK due to their expertise in financial management, auditing, taxation, and corporate governance. As the economic hub of Europe, the UK offers an array of opportunities for you to excel in various sectors, such as public accounting firms, corporations, financial institutions, and regulatory bodies.
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According to recent surveys, the salary prospects for ACCA professionals are not limited to just the financial sector. The average ACCA salary in UK is ~INR 22,42,291 annually.
After doing ACCA, you have the potential to earn a lucrative ACCA salary in UK, reflecting the demand for your expertise and the wide range of sectors in which you can apply your skills. Pursuing the ACCA qualification can open doors to rewarding career opportunities with competitive compensation packages.
Why choose the UK?
Choosing the UK for international studies can be exciting and fulfilling. It has many compelling reasons.
First and foremost, you get to explore a diverse and beautiful country filled with rich history and culture. The UK is home to some top-notch universities offering world–class education. With a legacy of academic excellence, you’ll immerse yourself in high-quality academia.
Moreover, the UK welcomes international students, providing an enriching environment where you can interact with peers from diverse backgrounds. It boasts a strong economy with plenty of job prospects after you graduate. Their healthcare system is one of the best worldwide, ensuring you are cared for.
The UK offers various courses catering to different interests and career aspirations. In addition, UK universities are known for their high teaching standards. You will be able to learn from leading academics who are experts in their fields.
Financially, the UK offers numerous scholarships and funding opportunities to make education more accessible for you. This means you can pursue your studies without worrying about financial constraints.
Furthermore, you will be highly employable globally. Employers worldwide recognise the high quality of education and training that UK universities provide, making graduates from these universities highly sought after.
Hence, moving forward, we will learn more about ACCA salary in the UK and its benefits and give an overview.
Jobs for ACCA in the UK
ACCA qualification opens up many career opportunities for you in the UK. Whether in finance, accounting, audit, taxation, or risk management, you will be in high demand for your strong foundation of knowledge, practical skills, and commitment to ethical behaviour.
With a constant need for financial expertise across various industries, pursuing the ACCA qualification can lead to a rewarding and successful career in the UK job market.
The various types of jobs for ACCA professionals in the UK:
1. Financial Accountant- As an ACCA-certified professional, you will work as a financial accountant in various industries, including banking, insurance, and consulting firms. You will be responsible for managing financial statements, budgeting, financial analysis, and ensuring compliance with accounting standards.
2. Audit Manager- You must assess organisations’ financial health and corporate governance. As an audit manager, you will be responsible for planning and executing audits, managing audit teams, and providing valuable insights to organisations.
3. Tax Advisor- If you specialise in taxation, you will help businesses and individuals navigate complex tax regulations. You will be responsible for identifying tax incentives, optimising tax strategies, and ensuring compliance with tax legislation.
4. Financial Analyst- ACCA qualification enables you to work as a financial analyst, providing insights and recommendations based on economic data. You will analyse financial statements, assess market trends, and evaluate investment opportunities for organisations.
5. Risk Manager- As a risk manager with a solid financial management and risk assessment foundation, you will help organisations identify and mitigate financial risks, ensure compliance, and implement risk management strategies.
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ACCA Salary in UK
The ACCA salary in UK can depend on experience, location, and industry. You can earn ~INR 22,42,291 annually as an ACCA professional.
The salaries also vary based on the industry, with finance, consulting, and banking professionals typically earning higher wages than other industries. Additionally, those with additional certifications and qualifications may command higher salaries within the range.
ACCA Salary in UK by Experience
The ACCA qualification is highly valued in the UK job market, and you can get competitive salaries with ACCA certification across different experience levels.
Here is the average ACCA salary in UK by experience:
| Experiences | ACCA Salary in UK (approx.) |
| Starting-level | INR 20,28,145 – INR 30,42,216 |
| Mid-level | INR 37,52,067 – INR 53,74,583 |
| Senior-level | INR 45,87,000 – INR 65,95,251 |
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Best Cities for ACCA in the UK
ACCA in the UK is a prestigious accounting qualification highly valued by employers worldwide; as one of the leading financial hubs, the UK offers excellent career opportunities.
We will explore the top cities in the UK for ACCA with the highest paying cities and salaries in each state:
- London: London, the financial capital of the UK, will undoubtedly be the best city for you. With a bustling economy and numerous global corporations, London offers many job opportunities in finance and accounting. This high salary is attributed to the competitive nature of the job market and the high cost of living in the city.
- Manchester: Manchester is a prominent city in the North West of England with a thriving business scene. The city boasts a strong financial sector with several accounting firms and multinational corporations. Manchester’s lower cost of living makes it an attractive destination for you and other aspiring ACCA professionals.
- Birmingham: Birmingham, the second-largest city in the UK, has a growing financial sector and is home to many leading accounting firms. Birmingham offers a good balance between career opportunities and affordability.
- Edinburgh: Edinburgh has a vibrant financial services industry and offers numerous opportunities if you want to become an ACCA professional. Despite being a smaller city, Edinburgh offers a high standard of living, a rich culture, and an excellent work-life balance.
- Belfast: Belfast has seen significant growth in its financial services sector recently. The lower cost of living in Belfast makes it an attractive destination for ACCA professionals looking for affordable living and an excellent work-life balance.
| Highest Paying Cities in the UK | ACCA salary in UK (approx) |
| London | INR 60,85,287 |
| Manchester | INR 45,63,965 |
| Birmingham | INR 40,56,858 |
| Edinburgh | INR 44,63,965 |
| Belfast | INR 35,49,751 |
The ACCA in the UK offers excellent career opportunities. While London remains the top choice with the highest salaries, cities like Manchester, Birmingham, Edinburgh, and Belfast also provide attractive options with lower living costs. Ultimately, the best city for you will depend on your preferences and career goals.
ACCA salary in UK by different Cities
ACCA salaries in UK vary based on the industry, with finance, consulting, and banking professionals typically earning higher wages than other industries. Here is the ACCA salary in UK according to different cities:
| Different Cities | ACCA salary in UK ( approx.) |
| Manchester | INR 35,18,830 |
| Birmingham | INR 35,49,253 |
| Edinburgh | INR 36,40,519 |
| Glasgow | INR 37,21,645 |
| Leeds | INR 35,49,253 |
| Bristol | INR 34,47,845 |
| Liverpool | INR 33,46,438 |
| Belfast | INR 25,35,180 |
| Newcastle | INR 30,42,216 |
ACCA Industry in India vs. the UK
Here are a few differences between India and the UK in the ACCA industry.
- Growing Demand: India and the UK have recently witnessed a growing demand for ACCA professionals. The global nature of ACCA qualification and the increasing need for international expertise in finance have contributed to this trend.
- Indian Market Potential: With its rapidly expanding economy and increasing foreign investments, India has a vast untapped potential for ACCA professionals. The thriving IT sector, booming start-up culture, and the growing focus on corporate governance have created a fertile ground for ACCA professionals to thrive.
- Strong Regulatory Framework: The UK has a well-established regulatory framework, with the Financial Conduct Authority and the Prudential Regulation Authority overseeing financial activities. This provides a stable and structured environment for ACCA professionals to work in, ensuring compliance with ethical standards and high levels of professionalism.
- Skill Gap Challenges: India and the UK face skill gaps in the finance industry. While India struggles with a shortage of qualified professionals, the UK is grappling with the impact of Brexit, which has raised concerns about potential labour shortages. ACCA professionals are well-positioned to bridge these gaps and help meet the industry’s demand for skilled practitioners.
- Training and Development Opportunities: The UK offers a wide range of training and development opportunities for ACCA professionals. Many prestigious universities offer specialised courses and programs, providing avenues for continuous learning and career advancement. In India, there is also a growing emphasis on professional development and upskilling, with various training institutes and online platforms catering to the needs of ACCA professionals.
- Global Mobility: ACCA in the UK and India have the advantage of global mobility. The ACCA qualification is globally recognised, opening job opportunities in various countries. This flexibility allows professionals to explore diverse roles and experiences, enhancing their career growth prospects.
While the ACCA in industry in India is still emerging, ACCA in the UK has a more mature and established market. However, both countries offer unique opportunities and challenges for ACCA professionals, making it an exciting and rewarding career choice in either location.
| Salary (per year) | India (approx.) | United Kingdom (approx.) |
| Beginning salary | INR 5,00,000 – INR 10,00,000 | INR 20,28,145 – INR 30,42,216 |
| Mid-level salary | INR 17,00,000 – INR 17,00,000 | INR 37,52,067 – INR 53,74,583 |
| Senior-level salary | INR 23,00,000- INR 37,00,000 | INR 45,87,000 – INR 65,95,251 |
Final Thoughts
A career in ACCA can be a great way to secure a high-paying job in the UK, as the ACCA salary in UK is among the highest in the world. The salaries come with added benefits, such as flexible working arrangements, further qualifications, access to tax and financial planning advice, and the potential for rapid promotion. The job scopes of ACCA in the UK vary and can be tailored to your skills and needs.
With qualifications in ACCA, you can gain access to top accounting professions and become a finance expert. You can expect to be given exciting opportunities and have a chance to be part of strategic decision-making. Furthermore, you will gain the necessary skills to be an innovative accountant with a solid grasp of international financial regulations.
Overall, ACCA in the UK has created lucrative employment opportunities for those with the right qualifications and the required skills. Those with ACCA credentials can expect to be rewarded with salaries in the upper range, job security, and a strong reputation for excellence. As demand for qualified people increases, the career scope can only improve.
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Frequently Asked Questions
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Q. How much is the average ACCA salary in the UK?
A. The ACCA salary in UK is around INR 45,63,965 for qualified individuals. Of course, salaries can vary widely depending on your job role and experience.
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Q. What is the minimum ACCA salary in UK?
A. There is no minimum ACCA salary in UK. Salaries vary greatly depending on experience, location, qualification, and job role. Entry-level salaries typically range from a year to a year.
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Q. How does the ACCA salary in UK vary with experience?
A. Salaries generally increase with experience. However, the expertise required for a salary increase varies greatly depending on the company. Generally speaking, more experienced professionals can expect to receive up to 10-20% more than those with less experience.
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Q. What other benefits are included in ACCA salaries?
A. Many companies offer additional benefits to ACCA Professionals. These can range from other vacation days to healthcare plans and flexible working hours. It is essential to check with employers to see what benefits they offer.
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Q. Is the ACCA salary taxed?
A. ACCA salary in UK are subject to income tax and National Insurance contributions. It’s important to remember that you will need to take these into account when budgeting for your ACCA salary.
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Q. Can other factors affect the ACCA salary in UK?
A. Yes, many other factors can affect your ACCA salary in UK. These include your qualifications, the industry you work in, the area where you live, and the size of your company.
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Q. Is there any benefits package available to ACCA Professionals?
A. Yes, many companies in the UK offer additional benefits and bonuses to ACCA Professionals. It’s essential to check with employers to see which benefits they offer.
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Q. Are there any additional qualifications that can help boost an ACCA salary in UK ?
A. Yes, there are additional qualifications that can help to boost an ACCA salary in UK. These include obtaining a CPA (Certified Public Accountant) or CMA (Chartered Management Accountant) designation.
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Q. What is the starting ACCA salary in UK?
A. The beginning salary of an ACCA professional in the UK depends on various factors such as location, experience, and specialisation. However, the average salary of a beginner ACCA employee is between INR 20,28,145 – INR 30,42,216
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Q. Is the ACCA in the UK worth it?
A. The UK highly seeks the ACCA qualification for its quality and diligence. It is also one of the most respected accounting qualifications in the world, offering professionals multiple attractive opportunities.
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Q. Can ACCA earn in crores?
A. The salary of an ACCA professional depends on multiple factors, such as years of experience. Still, senior professionals with ACCA qualifications can earn INR 20,00,000 to up to 1 crore.
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Q. What is the starting ACCA salary in India?
A. The beginning salary of an ACCA professional in India depends on various factors such as location, experience, and specialisation. However, the average salary of a beginner ACCA employee is between INR 5,00,000 – INR 10,00,000
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