The ACCA qualification has seen a significant rise in the number of students pursuing it in Pakistan. This article focuses on the key factors driving this trend, as well as the benefits of obtaining the ACCA qualification in Pakistan.
Basic Reasoning for the Increased Number of ACCA Students
1. Global Eligibility
ACCA has qualified candidates in more countries than many other organizations, thus potentially allowing employment anywhere in all those countries. Under the conditions of political instability and altered economic realities in Pakistan, most of the Pakistani youth believe that ACCA would lead them to some international jobs. Above all, after obtaining an ACCA qualification, students gain entry into a plethora of opportunities for careers abroad, which greatly enhances their motivation and will to work in foreign countries giving a new dimension to the future.
2. Increased Compensation Packages
In Pakistan, the majority of companies target ACCA professionals for accounting-related positions rather than locals with BBA, MBA, or other regional qualifications. In this situation, the salary package that companies prefer ACCA graduates to be offered with increases. It is, therefore, a very beneficial investment for students who aspire to work in the highest-paid jobs, making ACCA a very appealing career option for them.
3. Admission After Grade 10
One of the prime reasons that students opt for ACCA is that they can start their studies immediately after grade 10. Unlike the conventional route, where students have to finish intermediate studies (12th grade), ACCA provides a quicker opening into the profession. Through this, students are able to get to their university education and their profession quickly.
4. Cost Comparable to a Bachelor’s Degree
According to statistics on most other higher education degrees, the cost of obtaining an ACCA qualification is very reasonable in comparison. A bachelor’s degree in Pakistan may cost, typically, 15 lac PKR. A degree of MBBS, on the other hand, can cost as much as one crore PKR. However, the cost of ACCA qualification seems much cheaper. Finance with Accounts and BS in Accounting: The candidate can also earn an degree from Oxford Brookes University worth around 12-13 lac PKR along with ACCA.
5. Global Employment Opportunities
An ACCA qualification ends the opportunity to avail of many global employment opportunities. If an aspiring student wants to travel around the world while earning, he might have everything he desires with ACCA because it is internationally recognized and gives access to jobs in these countries where such jobs are highly sought after for the accounting profession, making it the best option for his international career growth.
6. An Oxford Brookes University Degree
One of the greatest advantages of undergoing the ACCA course is obtaining the BS Accounting and Finance degree from Oxford Brookes University, London. Students qualify for this international degree, provided they have passed the skill-level exams (up to F9), without additional years to study. This has mirroring effects on resumes and student profiles in the global job market further increased by linking the degree with ACCA qualifications.
Conclusion:
All said, the increasing popularity of the ACCA qualification in Pakistan has numerous advantages to it in several ways. To begin with, the global recognition it provides, which would allow international career opportunities, has made it cheaper than conventional degrees from the university and has created an avenue of success for the students. These combined with starting studies immediately after grade 10 level along with an option of earning a degree from Oxford Brookes University have made this program very attractive. With higher salary prospects and a quicker, cheaper route to a professional qualification, it has quickly become a top choice among students looking for bright opportunities in Pakistan and overseas
