What kind of salary can a fresher expect in India from the SAP Financial (FICO) module?


SAP FICO Consultant Job is increasingly becoming popular and still in high demand. SAP FICO as the name suggests deals with a business's SAP Finance and Controlling. SAP FICO Consultants are typically responsible for tasks pertaining to finance (FI) and Controlling (CO) such as designing, Developing, and Implementing SAP-based ERP business solutions. They are also responsible for leading analysis, and designing in the SAP Finance and Controlling area. Their job ensure balancing solutions and generating continuous improvements.  So if you are looking forward to building a career in SAP FICO, you're in for a prospective professional path. We shall discover the career prospect concerning the SAP FICO Consultant job and the salary structure to give a comprehensive idea of what is it like to work as an SAP FICO Consultant. 


Increasing Demand For SAP FICO Consultant Job

SAP FICO is one of the top modules and most in-demand among ERP business solutions.  Given that the SAP FICO Consultant jobs are at all times high in India, professionals planning to venture into this career may expect to earn reasonably high salaries in India. The high demand for SAP FICO consultants in India is well reflected in the constant notice for positions flooding job portals. The constant rise in demand is prompted by the increasing number of companies adopting and implementing SAP solutions in their businesses. 

It is also crucial for aspiring individuals to build a solid base of skills and knowledge that caters to all the areas concerning the SAP FICO module. 

SAP FICO Consultant Job Salary

The salary for SAP FICO Consultant jobs is determined by numerous factors. Hence, there is no one structure that all consultants get. The major determinants of the SAP FICO Consultant job salary include:

  • Candidate's academic qualification and performance 
  • Candidate's work experience in ERP or outside of ERP 
  • Candidate's performance in the interview
  • Skills and Knowledge
  • Possession of Certification in SAP
  • Hiring company
  • Job Location

The above factors influence the salary structure of SAP FICO Consultants, and anyone can estimate how much one can expect accordingly.  In India, the average annual salary of the SAP FICO consultant job is INR 7,60,000. SAP FICO consultants also earn additional cash compensation of INR 60,000, ranging between INR 38,750 - INR 1,00,000, according to Glassdoor analysis. 

According to Ambition Box, the annual salary of SAP FICO freshers job in India is about INR 3.8 Lakhs. Professionals with experience of between two to eight years earn up to an average salary of INR 3.4 Lakhs to INR 11.3 Lakhs annually.

Is getting SAP FICO Fresher Job difficult?

Landing SAP FICO fresher job is not rocket science. It is not difficult and so long as aspirants are ready and committed to investing time and effort, it's all easy and swift.  The other best way to kickstart the SAP FICO fresher job is to gain all the necessary skills and knowledge about SAP FICO. While it is known to be not difficult, there are some challenges that aspirants may have to conquer. Some top challenges are discussed below:  

Lack of Knowledge of the Finance area

Even if it is a Non-SAP environment, aspirants must possess knowledge of the business process. Aspirants seeking to work as a Consultant to know the general business processes such as production cost calculation, O2C, P2P, analysis of Profitability, Product/Material/Asset procurement, Depreciation calculation, etc. 

Lack of Domain Experience

For the SAP FICO Consultant job, employing companies look for experience in the domain and core areas. Hence, without experience, it might be challenging for aspiring individuals to get into the role of a consultant.

Lack of Practical Skills

SAP FICO concepts with no practical experience and knowledge will fail to get you anywhere. To work as a consultant, professionals require a stronghold of both theoretical as well as practical skills. 

High Qualification 

This could act as a barrier for those without a post-graduate degree as employers often seek highly qualified professionals like CAs, CWAs, and MBAs to fill their workforce. 

SAP FICO Course

SAP FICO Course is the best course of action for beginners who wish to land an SAP FICO Consultant job as a fresher.  From gaining all the fundamental ad core skills in both theory and hands-on practical, the SAP FICO course gives exposure to all the necessary aspects of becoming an SAP FICO Consultant. Those with no practical skills can build on these skills through a rigorous SAP FICO certification course. Aspirants are well-shaped and trained to be competent consultants through a course and they are equipped with the best of skills.

Read Also: What is the basic salary of SAP FICO?


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