SAP FICO is among the most popular and highly sought-after modules in the SAP ERP ecosystem. People with relevant experience and academic backgrounds are in high demand in the market. Competent candidates are given high salaries. In this post, we will find out about the basic salary of SAP FICO and the salary patterns corresponding to different factors including location, companies, experience, etc.
Before we move into the details of the salary of SAP FICO consultant and allied job roles, let us go into a little more detail about SAP FICO and what it entails.
SAP FICO is a core component in the SAP ERP spectrum providing organizations with the fundamental elements enabling seamless handling and management of financial data. SAP FICO enables an organization to store a complete copy of its financial transaction. It is specifically designed to assist businesses in producing and managing financial statements for analysis and reporting as well as supporting efficient business planning and decision-making.
SAP FICO as the name suggest is a combination of Financial accounting (FI) and Controlling activities (CO). The Financial Accounting module takes care of the organization's financial transactions such as accounts payable and receivable, general ledger, bank accounting, and asset accounting. The activities under the Controlling module entail the provision of information to management for better planning, and decision-making, which includes cost-center accounting, profit-center accounting, and internal orders. These modules put together empower companies to manage their FICO processes in an integrated and efficient manner.
SAP FICO Certification Course serves as a massive boost to professionals engaged in the field of finance and accounting as SAP FICO offers an expansive range of career opportunities. Certified professionals are the preferable lot when it comes to employers hiring for their organization. An SAP FICO certification course typically offers a whole lot of opportunities, starting from getting certification to getting exposure in the job market. The average salary of an SAP FICO consultant in the USA is $139,225. At the entry-level position, professionals get an average income of $115,918 and the higher-level positions with high-level experience earn about $156,000 annually.
Many factors go into determining the salary of SAP FICO professionals. The higher the experience and knowledge, the higher the salary amount it is. Let us find out the basic salary of SAP FICO across different regions.
The SAP FICO salary in the US is $128,252 annually and hourly pay is up to $61.66. Professionals at the entry level earn an average of $115,000 annually and those who are highly experienced make a yearly income of $156,000 per year.
New Jersey: $145,275
North Carolina: $145,000
New York: $140,519
Salary of SAP FICO Consultant in the US
An SAP FICO consultant in the US earns an average annual salary of $97,173. the top companies and their salary pattern are as follows:
American Unit: $1,34,988
Value Consulting: $83,552
Northstar Group: $1,01,869
First Object: $93,040
American IT Associates: $76,619
Apps Solutions: $1,07,572
3i Infotech: $1,04,492
attune Consulting: $93,508
Tachyon Technologies: $1,12,034
Pyramid Technology Solutions: $78,726
Neo Prism Solutions: $91,813
Minisoft Technologies: $1,03,811
As per the analysis of Talent.com, the average basic salary of SAP FICO in India is INR 17,00,000 annually and the hourly pay is about INR 681. Professionals in entry-level positions earn an average of ₹ 900,000 per year, and the most while most experienced professionals earn up to ₹ 2,622,500 annually.
The salary of SAP FICO Consultant in India ranges between INR 3.2 Lakhs to ₹ 11.5 Lakhs, and the average salary is INR 6 LPA according to AimbitionBox.
Let us find out the salary of SAP FICO consultants in various companies in India as given out by Glassdoor.
Tata Consultancy Services- ₹7,75,333
Tech Mahindra: ₹6,36,936
Cognizant Technology Solutions: ₹7,76,280
YASH Technologies: ₹5,55,321
Automatic Infotech: ₹3,48,000
In the UK, the average basic salary of SAP FICO jobs is £80,000, according to the analysis brought forward by CWJobs.
The salary of SAP FICO consultant in the UK annually is £65,000, and hourly payment of £33.33 Positions at the entry-level are paid £55,000 per year, while professionals with higher experience are paid £85,000 per year. ( Source: Talent.com)
IBM: £56T -£61T
GSK: £61T -£67T
Tata Consultancy Services: £59T -£64T
bp: £76T -£84T
DXC Technology: £77T -£83T
Atos: £35T -£38T
Link Group: £44T -£47T
Southern Water: £63T -£68T
Fujitsu: £1L -£1L
Keytree: £88T -£96T
Birlasoft: £54T -£58T
Retail Solutions: £97T -£1L
Walmart Global Tech: £48T -£52T
YASH Technologies: £318 -£341
Wizcore: £48T -£52T
Vantage Point Consulting- £65T -£69T
According to Talent.com, in Canada, the basic salary of SAP FICO is $137,248 annually and $70.38 hourly. Professionals in entry-level positions earn a yearly salary of $125,203 and those who are highly experienced earn up to $147,221 per year.
The average salary of an SAP FICO consultant in Canada is $1,07,246.
Deloitte: CA$57 -CA$92
Beyond Technologies: CA$64T -CA$1L
IBM: CA$1L -CA$1L
Accenture: CA$89T -CA$96T
SAP: CA$77 -CA$83
Safeway: CA$54 -CA$59
Siemens: CA$1L -CA$1L
HCLTech: CA$19T -CA$21T
DXC Technology: CA$63T -CA$68T
ExxonMobil: CA$2L -CA$2L
Cardinal Health: CA$96T -CA$1L
Astek: CA$1L -CA$1L
SDF Group: CA$44 -CA$48
SAPSOL Technologies Inc: CA$63T -CA$68T
AW: CA$1L -CA$1L
We have covered in detail the different salary structures of SAP FICO across different countries and regions. Professionals seeking growth and higher positions in their organizations are recommended to undertake comprehensive training from an SAP FICO certification course which will help in attaining competency in skills and in-depth knowledge.
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