ACCA (Association of Chartered Certified Accountants) is a globally recognized professional accounting qualification, and the salary of an ACCA-qualified professional in Nepal or any other country may vary based on their job fields, work experience, and location. Here are the approximate salary ranges for ACCA-qualified professionals in Nepal, based on different job fields
ACCA Salary in Nepal
|Asset management firms||NPR 600,000 – NPR 1,200,000|
|Banking sector||NPR 800,000 – NPR 1,500,000|
|Hedge funds||NPR 1,000,000 – NPR 2,000,000|
|Nonprofit Organizations||NPR 800,000 – NPR 1,500,000|
|Consulting Firms||NPR 2,000,000 – NPR 5,000,000|
Please note that these figures are approximate and may vary based on factors such as job responsibilities, work experience, and location
What is the Average Salary of ACCA in Nepal?
Scope of ACCA in Nepal: The Answers most people who are pursuing or thinking of pursuing a career in the field of CA/ACCA would like to know is:
- What is the salary of ACCA in Nepal?
- What is the Salary of CA in Nepal?
- How much does CA earn in Nepal?
- How much does ACCA earn in Nepal?
What is ACCA?
The Association of Chartered Certified Accountants, established in 1904 is the global body for professional accountants that operate from Uk offering the ‘ Chartered Certified Accountants” Qualification. It is approved by the member states of the European Union and the United Nations and ACCA degree is applicable in 180+ countries. ACCA works through a network of over 104 offices and centers in 52 countries – with 323 Gold Status Approved Learning Partners (ALP) and more than 7,300 Approved Employers worldwide, who provide employee development. Gold Status is only granted to the institution that delivers the highest quality of education.
For those who would like to own experience and comprehensive knowledge of the finance sector, ACCA works big time. As a globally accepted education and Industry related content, ACCA Qualifications is a great way to build a career in finance and accountants. Apart from that, an ACCA profession can work as a financial planner, management consultant, and so.on.
How to become an ACCA?
The courses and exams are divided into three categories: Knowledge, Skills, and Module. To become a qualified chartered certified accountant, you need to:
- Attempt and clear 13 exams(exemption can be claimed up to nine exams)
- 36 months of supervised relevant practical experience
- Complete the Ethics and Professional Skills module.
After completing these examinations, you will become a member of ACCA. Becoming a ACCA is a dream for many accountants. It takes 10 years to complete the full qualifications but if you choose to sit 4 exams per year, you could complete it in around 4 years. Once you finished your completion, you can apply for Chartered Status with ACCA. The status does not only show your ethical and professional commitments but also offers you greater flexibility in your career.
ACCA College in Nepal provides three units that make up full qualifications which give you a broader understanding of the strategic elements of finance and audit. It includes:
- ACCA Applied Knowledge
- ACCA Applied Skills
- ACCA Strategic Development.
Average Salary of ACCA
Qualifying doesn’t mean you’ll get higher salaries. Rather your experience and skills growth as you continue to learn. Your salary increases concordantly as you progress through various milestones. According to research, there is an average salary of ACCA that varies according to various sectors like the industry in which he/she works, city and experience. According to the research, students get a monthly salary of 10,000 NPR during internships and the average salary of freshers ACCA range between Rs. 15,000 to 30,000 NPR (depending on the company). Moreover, there’s a considerable increment of 10k+ according to your performance and skills. Whereas an experienced ACCA may get more than 50,000 or more according to the organizations they work for. It could go higher too, depending upon the candidate’s skills, company’s demands, competition, etc. Also, there’s a good chance for those who haven’t completed the ACCA but have completed the intermediate level and done 3 years of the internship period, they can get a job with a salary of 25,000+ per month.
With the growth of more and more multinational companies, there has been a rise in jobs for ACCA professionals. Many multinational and local firms seek or require their employees to study for this prestigious qualification.
There are mainly 3 major areas where you can pursue your career after becoming an ACCA. They are:-
- Auditing and Assurance Services
- Job in the related field
Also, Some of the roles performed by ACCA members:
- Management Accountant
- Business Advisor
- Credit Control Manager
- Internal Auditor
- Chief Financial officer
- Tax Accountant
- Risk Manager
- Governance officer
- Business Analyst
Want to become a qualified ACCA join us at Seed Financial Academy.