Are you thinking about enrolling in the Association of Chartered Certified Accountants (ACCA) programme and curious about what an ACCA earns in the UK after passing the exams? If so, you are not by yourself. For accountants in the UK and elsewhere, the ACCA professional accounting qualification can lead to a number of job prospects.
This article examines the initial pay for ACCA accountants in the UK, the advantages of earning an ACCA qualification, how to become an ACCA accountant in the UK, and potential career paths after passing the ACCA tests.
It’s critical to comprehend the starting pay for ACCA accountants in the UK if you’re thinking about applying. According to several job portals and salary comparison websites, the starting salary for an ACCA accountant in the UK ranges from £30,000 to £35,000 annually.
The starting pay, however, is influenced by a number of variables, including experience, industry, region, and employer size. In general, larger companies tend to pay more than smaller companies, and the compensation may also vary depending on the employer’s business and location.
Why is ACCA worth doing in the UK?
The ACCA is a globally recognised accounting qualification that is highly respected on the job market in the UK. Accounting and finance professionals with the ACCA qualification can work in various accounting and finance roles, including financial management, auditing, taxation, and business consulting.
The ACCA qualification demonstrates high levels of competence and professionalism, making it an attractive qualification for employers.
How can you become an ACCA accountant in the UK?
The ACCA programme consists of 13 tests divided into four levels: applied knowledge, applied skills, strategic professional, and ethics and professional skills.
The ACCA course might take three to four years to complete, depending on prior education and experience. The ACCA course requires a minimum of three GCSEs, two A-levels, or an equivalent degree.
ACCA courses include taxation, auditing, assurance, corporate and company law, financial accounting, and management accounting.
Upon completion of the ACCA course, you will earn an ACCA certificate and become a member of the Association. You may become an ACCA affiliate or fellow based on your expertise and professional accomplishments.
Where can ACCA take you in terms of career prospects?
ACCA opens up various career opportunities for accountants in the UK, with job roles such as financial accountant, management accountant, internal auditor, external auditor, tax accountant, business analyst, and finance manager, to name a few. The ACCA qualification is highly sought after by employers in various industries, including finance, accounting, banking, consulting, and public sector organizations. According to a recent survey by the ACCA, ACCA members and affiliates earn an average salary of £67,000 per annum in the UK, which is higher than the average UK salary of £36,000.
The ACCA certification in the UK can be a wise choice for accountants looking to expand their career options. In the UK, ACCA accountants typically earn between £30,000 and £35,000 per year, although salaries can rise dramatically with experience and success. An ACCA certificate also demonstrates a high level of professionalism and expertise, making it a desirable qualification for UK employers.
So, if you’re considering ACCA, take the first step towards your dream career today.