CA vs ACCA Salary Guide You Need Now

Choosing between the Chartered Accountant (CA) and the Association of Chartered Certified Accountants (ACCA) qualifications can be a pivotal decision in your accounting career. Both paths offer distinct advantages, but understanding the differences in salary, career opportunities, and global recognition is crucial. In this guide, we'll delve into the key differences between ACCA and CA, helping you make an informed choice for your future in finance.

CA vs ACCA Salary Breakdown

When comparing CA and ACCA salaries, several factors come into play, including experience, location, and the employing organization.​

• CA Salary in India: A newly qualified CA in India can expect an average salary ranging from ₹6 to ₹10   lakhs per annum. With experience, this can rise significantly, with senior professionals earning upwards of ₹20 lakhs annually.

• ACCA Salary in India: ACCA professionals in India typically start with salaries between ₹9 to ₹10 lakhs per annum. However, those with international exposure or working in multinational companies (MNCs) can command higher packages, sometimes reaching ₹15 lakhs or more.​

It's evident that while both qualifications offer lucrative opportunities, CAs tend to have an edge in the Indian job market, especially in traditional accounting roles.

Key Factors That Affect CA vs ACCA Salary

Several elements influence the earning potential of CA and ACCA professionals:

• Experience: As with most professions, experience plays a significant role in salary progression.​

• Industry: CAs often find opportunities in auditing, taxation, and consultancy firms, while ACCAs are preferred in global finance roles.​

• Location: Urban centres and financial hubs offer higher salary packages for both qualifications.​

• Additional Certifications: Holding additional qualifications like CMA USA or CPA US can enhance earning potential.

Difference Between ACCA and CA Explained

Understanding the core differences between ACCA and CA is essential for aspiring accountants.

How CA and ACCA Qualification Impacts Your Earnings

• CA Qualification: Offered by the Institute of Chartered Accountants of India (ICAI), the CA course is deeply rooted in Indian financial laws and practices. It comprises three levels: CA Foundation, CA Intermediate, and CA Final. The rigorous training and examinations ensure that CAs are well-equipped for roles in auditing, taxation, and financial management within India.​

• ACCA Qualification: The ACCA course, governed by the Association of Chartered Certified Accountants, is globally recognized. It covers international accounting standards, making it ideal for those aiming for careers abroad or in multinational corporations. The ACCA syllabus includes 13 papers, divided into Applied Knowledge, Applied Skills, and Strategic Professional levels.​

While both qualifications are esteemed, your choice should align with your career aspirations—whether you aim to specialize in Indian financial systems or seek global opportunities.

Inside the ACCA Course and Its Scope

1. ACCA Exam Structure and Duration Overview

The ACCA qualification is structured to provide comprehensive knowledge in accounting and finance:​

• Applied Knowledge: 3 papers covering business and technology, management accounting, and financial accounting.​

• Applied Skills: 6 papers focusing on areas like taxation, performance management, and financial reporting.​

• Strategic Professional: 4 papers, including essentials like strategic business leader and strategic business reporting, along with two optional papers.​

The flexibility of the ACCA program allows candidates to complete the course in 2 to 3 years, depending on their pace and exemptions.

What You Should Know About the CA Course

Career Opportunities After Becoming a CA

The CA qualification opens doors to various roles within India:​

• Auditor: Conducting statutory and internal audits for organizations.​

• Tax Consultant: Advising clients on tax planning and compliance.​

• Financial Analyst: Analyzing financial data to assist in decision-making.​

• Corporate Finance: Managing financial activities in corporations, including budgeting and investment analysis.​

The CA designation is highly respected in India, with opportunities spanning across various sectors, including public accounting firms, corporates, and government agencies.

Can You Do CA and ACCA Together?

Pursuing both CA and ACCA qualifications simultaneously is challenging due to the rigorous nature of each program. However, some candidates choose to complete one and then pursue the other to broaden their expertise and enhance global employability. It's essential to assess your capacity and career goals before undertaking both.

Conclusion

Deciding between CA and ACCA depends largely on your career path, salary expectations, and whether you see your future in India or on a global stage. If your goal is to establish a career in India, particularly in a CA firm or a company requiring deep knowledge of Indian accounting and taxation laws, then the CA qualification is likely the better course. The CA syllabus, covered through CA Inter and Final, offers an in-depth understanding of the financial system that's limited to India—but highly respected.

However, if you're interested in global finance, want to become an ACCA member, and explore opportunities with MNCs or abroad, the ACCA certification is a better option. Recognized by the ACCA institute and accepted across 180+ countries, it’s a powerful credential for those looking to pass the ACCA, complete the ACCA, and gain international exposure. The level of ACCA exams is structured yet flexible, making it ideal for working professionals or students pursuing it along with CA or other qualifications.

At NorthStar Academy, we help aspiring professionals confidently appear for the CA Final, or pursue the ACCA course from start to finish. Our expert mentors guide you through the papers of ACCA, help you clear CA, and support you through both CA Inter and CA Final exams. Whether you’re a CA fresher or an ACCA affiliate, our training programs are tailored to meet your career goals.

So, whether you're leaning toward complete their CA journey or ready to start ACCA in India, choose what’s truly better for your career. The good news? Both qualifications offer excellent career opportunities in India and beyond, and with the right preparation, your future in accounting and finance is bright—like ACCA, CA holds its own powerful value too.