Are you considering pursuing an Association of Chartered Certified Accountants (ACCA) certification in London? One of the most common questions that come to mind is, “What is the salary of ACCA in London?” Let’s dive into this topic and explore the potential earnings of an ACCA-certified professional in London.
What Is ACCA?
Before we discuss salaries, let’s first understand what ACCA is. The Association of Chartered Certified Accountants (ACCA) is a globally recognized professional accounting body that offers a wide range of accounting and finance qualifications. Individuals who hold an ACCA certification are considered highly skilled professionals in the field of accounting and finance.
How Much Can You Earn as an ACCA in London?
The earning potential for an ACCA-certified professional in London varies depending on several factors such as experience, industry, and job role. According to data collected by Payscale, the average salary for an ACCA-certified accountant in London is around £48,000 per annum.
However, this figure can vary depending on several factors such as job role and experience. For instance:
- Entry-level positions such as Junior Accountant or Accounts Assistant can earn between £20,000 – £25,000 per annum.
- Mid-level positions such as Management Accountant or Financial Analyst can earn between £40,000 – £60,000 per annum.
- Senior-level positions such as Finance Director or Chief Financial Officer (CFO) can earn upwards of £100,000 per annum.
It’s important to note that these figures are based on Payscale data from 2021 and are subject to change based on market trends.
Factors That Affect An ACCA Professional’s Salary
Several factors influence how much an ACCA-certified professional can earn in London, such as:
Experience:
Experience plays a significant role in determining the salary of an ACCA-certified professional. As with any profession, individuals with more experience and expertise tend to earn higher salaries than those who are just starting.
Industry:
Industry also plays a role in determining the salary of an ACCA-certified professional. For instance, professionals working in the finance and banking sectors typically earn higher salaries than those working in healthcare or retail.
Job Role:
The job role also determines the salary of an ACCA-certified professional. Senior-level positions such as CFOs or Finance Directors typically earn higher salaries than entry-level positions such as Junior Accountants.
Conclusion
In conclusion, the average salary of an ACCA-certified professional in London is around £48,000 per annum. However, this figure can vary depending on several factors such as job role, experience, and industry.
It’s important to note that these figures are based on Payscale data from 2021 and are subject to change based on market trends. If you’re considering pursuing an ACCA certification in London, it’s important to research potential job roles and industries to determine your earning potential.
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