In 2023 is having ACCA in Canada worth it?

The economy has revived after the slowdown induced by the global pandemic. Businesses are recovering, and experts are continuously needed to handle large business operations. This is where finance professionals step in to manage one of the core business elements: finance. Finance professionals possess an in-depth understanding of the industry, resulting from years of learning about all aspects of the financial industry. Acquiring an ACCA certification can offer a strong foundation of industry-related knowledge and training, enhancing an individual’s skill and experience as an aspiring finance professional.

The ACCA, or the Association of Chartered Certified Accountants, is a leading international accountancy collaborative body that has established itself as the most esteemed platform for career-oriented students aspiring to carve a career in finance and accounting. If a business, finance, and accountancy pique your interest, then ACCA offers numerous benefits that you can take advantage of to lead a career in a certain direction.

ACCA is one of the most prestigious certifications, as it offers global recognition and access to various lucrative career opportunities. There is a multitude of advantages to earning an ACCA qualification, as it is a professional accountancy body well-known for its high standards, integrity, accountability, professionalism, and ethics. Therefore, earning an ACCA qualification can offer you the access and ability to pursue a career in many parts of the world, including Canada.

One of the most interesting facts about an ACCA qualification in Canada is that it is considered equivalent to a three-year degree course, which can open doors to various lucrative career opportunities. Anyone with an ACCA qualification in Canada can become a part of CPA Ontario. With a constantly growing economy, having an ACCA qualification in Canada in 2023 would be worth it.

There is an abundance of lucrative and well-paying job opportunities in Canada for ACCA-qualified members. Moreover, there is an official page for ACCA members on LinkedIn, a community where potential employers and candidates can interact. Many companies like KPMG, MNP, Bank of Montreal, RSN financial services limited, Amazon, and Ernst and Young Canada hire ACCA members. The ACCA salaries for the same are as below

  • The salary of the Association of Chartered Certified Accountants(ACCA) member in Canada ranges from CAD 15,456 to CAD 174,524 
  • Many female ACCAs account for about  77% of total ACCAs, earning an average salary of CAD 40,000 to CAD 49,132 
  • While the male ACCAs are only about 23%, and they have an average salary of about CAD 49,132 to CAD 100,719

In addition to the above benefits, many reasons make ACCA qualification worth it even in 2023. Here they are:

  • Gain diversified skills and knowledge
  • High demand for ACCA-qualified members
  • It can build a lucrative career
  • Allows you to start your own business and become an entrepreneur
  • It is a globally recognized qualification
  • It is a cost-effective qualification
  • Allows members to gain insight into professional work

These factors make ACCA qualification worth it in 2023 and the coming years. ACCA is one of the top accounting qualifications in the world, which requires aspirants to prepare well for the examination. The increasing demand for ACCA has resulted in many educational institutions offering preparatory courses for ACCA. ACCA preparatory course allows students to become professional accountants by equipping them with skills and knowledge needed to achieve their career goals in the modern world of accounting and finance.

If you are looking forward to becoming an ACCA member, opting for a preparatory course can help you qualify the standardized examination.

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