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How much does a SAP FICO Consultant make in India?
SAP stands for Systems, Applications, and Products in data processing and is one of the largest providers of business software applications. This software is known for its ERP namely business service planning and Data Management systems. There are various SAP modules where one key module is SAP FICO. This module is used to store financial data in a company. It helps to analyze the financial position of the company. In this article, we will discuss SAP FICO namely SAP Financial Accounting (FI) and CO (Controlling).
Today, many people are willing to take SAP FICO courses from leading SAP training institutions. ShapeMySkills Pvt Ltd provides SAP FICO Online Training in both online and offline modes. We have experienced trainers who help students learn SAP FICO. Currently, the scope of SAP FICO online training is increasing day by day, so there is a great need for SAP FICO training. Our company helps students understand SAP FICO lesson concepts and prepares them for effective planning work. We have successfully trained many students at Noida and transformed our center into the best SAP FICO training provider in Noida. From here, you can learn both basic and advanced SAP FICO levels by providing online SAP FICO Training in Delhi.
Why Study SAP FICO?
SAP-FICO (Financial Accounting and Controlling) is one of the most important SAP ERP modules. This module is used to maintain financial management in the market. Globally, there are plenty of career options for students with SAP FICO module skills.
Function and Scope of SAP FICO
In today’s world, SAP FICO functionality is in high demand as the popularity of SAP-ERP grows rapidly. There are very few SAP professionals in the market and that is why the need for trained SAP trainers is high in the market. Interested students should have in-depth knowledge of SAP FICO if they want to enter as an SAP FICO advisor. Students who want to do work at SAP FICO must have the following:
- Undergraduate degrees in any specialty such as BE, B.Sc, B.Com, etc.
- PG qualifications such as MBA, M.Tech are also required
- Good knowledge and application experience throughout the SAP R3 life cycle with the appropriate SRP component management technology.
- Candidates must have a good knowledge of the Bank and business backgrounds, smart partnerships, and effective communication skills.
Candidates, who want to get higher-paid jobs, can attend the SAP-FICO online course and after completing the SAP FICO online training; usually, a job profile is an SAP FICO consultant. As we discussed above, SAP FICO is a combination of 2 modules namely Finance and Control. With an SAP FICO training certificate, you will open many doors to serve as an accounting and finance officer, SAP FICO coordinator, senior program analyst, and much more.
SAP FICO Advisor – Average Salary
The average salary of an SAP FICO Consultant is ₹ 6,84,300 per annum (₹ 37,070 per month), which is ₹ 2,96,800 (+ 77%) higher than the national average salary in India.
The SAP FICO coordinator can expect an initial salary of ₹ 3,24,600. Higher salaries can exceed R15,00,000.
Entry Level SAP FICO Consultant with less than three years’ experience can expect to receive an average compensation of R3,24,600. The SAP FICO Consultant in the middle of a 4-9 year work experience earns a total compensation of R6,75,400, while the Senior SAP FICO Consultant with 10-20 years experience averages ₹ 9,84,300. SAP FICO Consultants with over 20 years of experience earn ₹ 11,23,600 on average.