ACCA Fees structure: Cost of Doing ACCA in India
Ever dreamed of a career in accounting, finance, or management? The Association of Chartered Certified Accountants (ACCA) qualification could be your ticket to global recognition and exciting opportunities. But before you set on this journey, understanding the financial investment is crucial. This blog dives deep into the ACCA course fees structure. cost of doing ACCA in India, explores the return on investment (ROI), and even hints at some scholarship options!
What is ACCA?
The ACCA is an internationally recognized accounting qualification that equips you with a comprehensive skill set in accounting, audit, taxation, and finance. Earning the ACCA opens doors to a plethora of career paths across the globe.
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Why Understand the Cost?
ACCA is a valuable investment, and transparency about the financial commitment is key. Knowing the costs of doing ACCA in India and ACCA fees structure allows for informed decision-making and financial planning.
The ROI of ACCA
The financial rewards of obtaining the ACCA qualification are substantial. According to a salary survey by ACCA, ACCA members typically command salaries 20-30% higher compared to their non-ACCA counterparts. But the benefits extend beyond just money. The ACCA opens doors to a wider job market, increased career mobility, and enhanced professional credibility.
In India, the salary range for ACCA professionals can vary widely depending on factors such as location, level of experience, industry, and the size of the organisation. Here’s a rough estimate:
1. Entry-level positions: Entry-level ACCA professionals might start with salaries ranging from ₹3,00,000 to ₹6,00,000 per year.
2. Mid-level positions: Mid-level ACCA professionals with a few years of experience can expect salaries ranging from ₹6,00,000 to ₹12,00,000 per year.
3. Senior-level positions: Senior ACCA professionals with significant experience and expertise may earn salaries ranging from ₹12,00,000 to ₹30,00,000 or more per year.
These figures can vary based on the specific role, industry, and geographic location within India. In metropolitan cities like Chennai, Mumbai, Delhi, and Bangalore, salaries tend to be higher due to the higher cost of living and greater demand for skilled professionals. Additionally, those working in sectors like banking, finance, consulting, and multinational corporations may command higher salaries compared to other industries.
Top Recruiters in India
Many top-tier companies in India actively seek ACCA qualified professionals. Some prominent names include the Big Four accounting firms (KPMG, PwC, Deloitte, EY), major banks like HDFC Bank, ICICI Bank, and multinational corporations like Hindustan Unilever and ITC.
The Cost of doing ACCA in India
Here’s a breakdown of ACCA fees structure for you.The total cost of obtaining the ACCA qualification in India can vary depending on several factors:
1. Registration Fee: There’s a one-time registration fee with ACCA Global of £89. (approximately ₹8,361)
2. Annual Subscription Fee: You’ll need to pay an annual subscription fee of £134.(approximately ₹12,200)
3. Exemption Fees: You may be eligible for exemptions from certain exams based on your prior qualifications, reducing the overall exam cost. For example, B.Com students and graduates can potentially benefit from a reduced exemption fee on £489 if registered with Gold ALP status like SOE Global.
4. Exam Fees: Exam fees vary depending on the level (Knowledge, Skill, Professional). for Knowledge level – ₹10,500, for Skill level – ₹13,500, for Professional level – ₹15000-₹20000.
5. Tuition Fees: The cost of study materials and tuition for online or offline coaching classes can vary significantly, ranging from INR 50,000 to INR 2,00,000 depending on the provider and the level of support offered.
However, you may be eligible for additional discounts by registering or studying with a Gold ALP Provider like SOE Global.
Overall Cost Estimate:
Considering the registration fee, potential exemption fees (assuming exemptions for a few papers), exam fees, and a range for tuition fees, the overall cost of ACCA in India generally falls between INR 1,14,000 and INR 3,20,000.
While the initial investment is significant, the potential return on investment (ROI) can be substantial. As mentioned earlier in this blog, the average salary package for ACCA professionals can be quite high. This means you could potentially recoup your investment within the first year of entering the job market!
Note: All figures are subject to change by ACCA Global.
Save Big and Get Full Support with SOE Global:
Registration Cost:
- Standard Fee: ₹2,500 – ₹3,500
- SOE Global Discount: You may be eligible for significant discounts based on your prior qualifications:
- B.Com Pursuing Students: £0 with SOE Gold ALP status
- B.Com Graduates: £30 with SOE Gold ALP status
Annual Subscription Fee:
- Standard Fee: ₹12,200
- SOE Global Discount: You again benefit with prior qualifications:
- B.Com Pursuing Students: £0 with SOE Gold ALP status
- B.Com Graduates: 50% off (Reduced to £67) with SOE Gold ALP status
Exemption Fees:
Reduce your overall exam cost by potentially qualifying for exemptions based on your prior qualifications. For example, the standard exemption fee for B.Com students and graduates is £489. However, with SOE Global’s Gold ALP status:
- B.Com Pursuing Students: £0 exemption fee
- B.Com Graduates: Reduced exemption fee to £171
Exam Fees (Per Paper):
- Knowledge Level: ₹10,500
- Skill Level: ₹13,500
- Professional Level: ₹15,000 – ₹20,000
Total Fees:
- Without Coaching: Approximately ₹1.3 Lakhs – ₹1.5 Lakhs
- With SOE Global Coaching: Approximately ₹3 Lakhs – ₹4 Lakhs (Includes comprehensive study materials and support)
Unlock Your Full Potential with SOE Global Coaching:
Beyond significant cost savings, enrolling with SOE Global provides comprehensive coaching support throughout your ACCA journey. Here’s what sets them apart:
1. Full-Time Support: Get expert guidance and clarifications for your doubts with readily available instructors.
2. Mock Exams and Paper-Solving Techniques: Hone your exam skills with simulated exams and learn effective paper-solving strategies.
3. Dedicated Study Groups: Collaborate and learn from other motivated ACCA aspirants in dedicated study groups.
4. Comprehensive Study Materials: Gain a solid foundation with high-quality learning resources tailored to the ACCA curriculum.
Invest in Your Success:
Enrolling with SOE Global goes beyond just cost savings. It’s an investment in your success, providing the support, resources, and environment you need to excel in your ACCA exams. Visit the SOE Global website to learn more about their coaching programs, eligibility for discounts based on your qualifications, and how they can help you achieve your ACCA goals!
Special Offers and Scholarships
While the ACCA program requires an investment, there are ways to potentially reduce the financial burden. Some tuition providers like SOE Global offer special discounts like early bird discounts and scholarships. You can always consult them while enrolling if you’re eligible.
Scholarship Programs in SOE Global:
Once a year, SOE Global proudly offers scholarships and price discounts to individuals who choose to register with them. Scholarships & discounts year-round for ambitious ACCA students. Easy CA to ACCA transition for just ₹25,000. Top 12th graders (90%+): Get 10-20% off!
Conclusion
The ACCA qualification is a valuable asset for aspiring finance professionals. While there is a cost involved, the potential return on investment is significant. By carefully planning your finances and exploring scholarship options, you can make the ACCA journey more accessible.
]Remember, the investment in yourself and your future can be highly rewarding.
FAQ’s Related To ACCA Fees structure in India
What is ACCA?
ACCA stands for the Association of Chartered Certified Accountants, an internationally recognized accounting qualification.
Why is understanding the cost of ACCA important?
Understanding the cost of ACCA is crucial for informed decision-making and financial planning before embarking on the qualification journey.
What is the ROI of ACCA?
ACCA offers substantial financial rewards, with members typically earning 20-30% higher salaries compared to non-ACCA counterparts.
What is the salary range for ACCA professionals in India?
In India, ACCA professionals can earn anywhere from ₹3,00,000 to ₹30,00,000 or more per year, depending on factors like experience and industry.
Who are the top recruiters for ACCA professionals in India?
Top recruiters in India include Big Four accounting firms, major banks like HDFC and ICICI, and multinational corporations like Hindustan Unilever and ITC.
What are the components of ACCA fees structure?
ACCA fees structure includes registration fee, annual subscription fee, exemption fees, exam fees, and tuition fees.
What is the overall cost estimate for ACCA in India?
The overall cost of ACCA in India generally falls between INR 1,14,000 and INR 3,20,000, considering registration, exemption, exam, and tuition fees.
Are there any discounts available for ACCA registration?
Yes, significant discounts may be available based on prior qualifications and with students registering with institutes like SOE Global with Gold ALP status.
What are the benefits of enrolling with SOE Global for ACCA coaching?
SOE Global offers comprehensive coaching support, including full-time guidance, mock exams, dedicated study groups, and high-quality study materials.
Are there scholarship programs available for ACCA aspirants?
Yes, tuition providers like SOE Global may offer scholarships and discounts to eligible individuals, making the ACCA journey more accessible.