Before jumping into any job, everyone wants to know the salary of a particular job, right? So if you are planning to become ACCA then you should want to know the ACCA salary in Pakistan. The Association of Chartered Certified Accountants (ACCA) is a globally recognized professional accounting body that offers a qualification in accountancy. In Pakistan, ACCA is becoming increasingly popular among students and professionals seeking a career in finance and accounting.
The salary for ACCA professionals in Pakistan can vary depending on various factors such as experience, industry, job role, and location.
This article provides a comprehensive guide to ACCA salaries in Pakistan, including the factors that affect them and the salary ranges by experience and industry.
What is the Starting Salary of ACCA in Pakistan?
On average, the starting salary for an ACCA graduate in Pakistan can range from PKR 30,000 to PKR 70,000 per month. However, this figure may vary based on the individual’s skills, qualifications, and experience.
It’s also worth noting that the starting salary may not be the same for all ACCA graduates, as some may have additional qualifications, certifications, or work experience that can influence their starting salary. Additionally, the salary may increase with time and experience as the individual gains more knowledge and expertise in their field.
Highest ACCA Salary in Pakistan
The highest ACCA salary in Pakistan can vary depending on various factors such as the industry, job role, location, company, and the individual’s level of experience and skills.
As of my knowledge cutoff of 2021, the highest ACCA salary in Pakistan ranged from PKR 1,500,000 to PKR 3,000,000 per annum (approximately PKR 125,000 to PKR 250,000 per month). This high salary level is typically reserved for senior-level roles such as finance director, chief financial officer, or head of finance in large companies, multinational corporations, or financial institutions.
ACCA Member Salary in Pakistan
On average, the salary of an ACCA member in Pakistan ranged from PKR 100,000 to PKR 500,000 per month. However, this figure may vary based on the individual’s qualifications, experience, and the company’s compensation structure.
Factors Affecting ACCA Salaries in Pakistan
Several factors affect ACCA salaries in Pakistan, including education, experience, and industry. The level of educational qualifications is a significant determinant of salary. ACCA professionals with a Master’s degree earn more than those with a Bachelor’s degree.
Experience is another crucial factor that affects ACCA salaries in Pakistan. Professionals with several years of experience typically earn higher salaries than those with less experience. Lastly, the industry in which an ACCA professional works also affects their salary. For example, ACCA professionals working in the banking and financial services sector earn higher salaries than those working in other industries.
ACCA Salary Ranges in Pakistan
ACCA salaries in Pakistan vary by experience and industry. A newly qualified ACCA professional can expect to earn between PKR 40,000 to PKR 70,000 per month. If they have between one to three years of experience, they can earn between PKR 70,000 to PKR 100,000 per month. Professionals with more than five years of experience can earn between PKR 150,000 to PKR 400,000 per month, depending on the industry in which they work.
In Pakistan, the banking and financial services sector is the most lucrative for ACCA professionals. Professionals working in this sector can earn between PKR 150,000 to PKR 400,000 per month, depending on their experience level. The manufacturing and telecommunications sectors also offer attractive salaries to ACCA professionals, with salaries ranging from PKR 100,000 to PKR 250,000 per month.
In conclusion, ACCA is a highly respected qualification in Pakistan that offers various career opportunities in finance and accounting. ACCA salaries in Pakistan vary widely, depending on several factors such as education, experience, and industry.
If you are considering becoming an ACCA professional in Pakistan, it is essential to understand the factors that affect salaries and the salary ranges by experience and industry. By doing so, you can make informed decisions about your career path and salary expectations.