While stepping into the world of finance or business, freshers often consider the earning potential of the career they choose. For those looking to start strong financially, ACCA, CA, MBA salary comparisons usually come to mind.
Each has its own financial rewards and career benefits. But which one should you choose? Which pays better for a fresher? In this blog, we will discuss the salaries offered to entry-level professionals in these career paths.
ACCA (Association of Chartered Certified Accountants)
The ACCA is an internationally acknowledged certification. It prepares candidates for various roles in accounting, finance, and management. The qualification is well-regarded, especially by multinational companies and organisations that operate across borders.
- Salary Potential: ACCA trainees earn between INR 0.2 lakhs and INR 1.9 lakhs in India. Salaries can be lower or higher in other countries.
- Career scope: ACCA graduates work as financial analysts, auditors, and tax consultants. Since ACCA is globally recognised, it is a good option for those who want to work abroad.
CA (Chartered Accountant)
The CA qualification is offered by the accountancy body ICAI in India. It is considered one of the most rigorous and respected qualifications in finance and accounting.
CAs are highly valued in countries where the national CA body is highly regarded, such as the UK, India, and certain Commonwealth nations.
- Salary potential: In India, the salary of a CA generally falls between INR 7.2 lakhs and INR 11.5 lakhs. Besides, here is a table of a CA’s salary breakdown across the Big 4:
| Company | Salary ranges |
| PwC | INR 7-14 LPA |
| Deloitte | INR 10 lakhs – INR 20.2 lakhs |
| KPMG | INR 9.5 lakhs – INR 10 lakhs |
| Accenture | INR 6.5 lakhs – INR 12.5 lakhs |
- Career scope: Chartered accountants often land roles as auditors, tax consultants, or finance managers. They can also work for government firms that provide great job security in India.
MBA (Master of Business Administration) in Finance
An MBA is a well-rounded business qualification. When earned from reputable institutions, an MBA in finance is highly valued across industries and opens doors to leadership roles in many companies.
- Salary potential: The starting salary for fresh MBA graduates can vary based on the business school’s reputation and the industry. In India, MBA graduates from top-tier B-schools might start at around INR 1.8 lakhs to INR 2.3 lakhs per year.
- Career scope: MBAs are recruited in roles such as financial analysts, consultants, marketing managers, and project managers.
Comparing ACCA, CA, MBA Salary and Career Growth
If you want the highest starting salary, an MBA from a top B-school is best. However, you must invest a lot of money and time to earn an MBA.
CAs also earn high starting salaries, especially with top firms. This qualification is best for those interested in accounting. CA roles offer steady growth and are a wise choice for those thinking of earning well in India.
Studying ACCA and starting as a fresher in India may offer slightly lower starting salaries. But it is ideal if you have an eye for a global career. With experience and added expertise, you can easily find yourself in well-paid international roles comparable to those held by CAs or MBAs.
Wrapping up
Choosing between ACCA, CA, and MBA depends on individual career goals. An MBA from a reputable B-school offers the best potential for those focused on a high salary. If you enjoy accounting and prefer steady career growth, CA is a strong path. ACCA, meanwhile, is ideal for global opportunities and flexibility.
Ultimately, don’t base your decision only on salary. Consider your career interests and long-term growth. Research thoroughly to find the path that brings you the most satisfaction. Good luck!
FAQs
- Is it possible to pursue both ACCA and CA?
You can pursue both to increase opportunities, especially for international prospects. However, it requires commitment and careful time management, so you have to be very strict with your schedule.
- Can ACCA work in corporate finance roles?
Absolutely. ACCA qualifies you for corporate finance, audit, risk management, and financial analysis roles across industries.
- Does the job market for ACCA differ by country?
Yes, demand for ACCA varies globally. It shows stronger prospects in regions that value international qualifications, like the UK and UAE.
