Average Salary for SAP FICO Professionals with 5 Years of Experience

The article discusses the salary expectations for individuals with five years of experience in SAP FICO. It provides insights into the average salaries, factors that influence salary levels, and potential career growth opportunities in this field. By understanding the salary trends and market demand, professionals can make informed decisions about their career path and negotiate better compensation packages.

SAP Consultant Salary for 5 Years of Experience

According to Ambitionbox, the typical salary for a SAP Consultant with 5 years of experience is INR 7.60 LPA. On average, they earn around INR 56,388 – 57,803 per month. Entry-level SAP consultants start at INR 3.60 LPA, while those with over 7 years of experience can make up to INR 8.80 LPA. The highest salary recorded for a SAP Consultant is approximately INR 14.3 LPA in India.

SAP Consultants can find employment opportunities in various sectors, including both private and public organizations. Renowned companies like Ernst & Young, Google, and Tata Consultancy Services offer salaries ranging from INR 7.40 LPA to 11 LPA for SAP professionals. Additionally, government entities such as National Highways & infrastructure development, National Highways Authority of India, BHEL, Power Grid, etc., provide a salary range of INR 6 LPA to 12 LPA for SAP consultants.

SAP professionals are highly sought after in both private and public sectors, including various government organizations. The demand for SAP software is particularly high among Fortune 500 companies.

Here are some of the leading employers who hire SAP consultants, listed for your convenience.

SAP Consultant Salary: Job Profile Breakdown

Different job profiles in SAP consulting have different salary ranges. Here is a table showing the salaries of SAP Consultants based on their respective roles for your information.

The average annual salary for individuals with 0-5 years of experience in SAP FICO is around 5.50 Lakh INR. As the years of experience increase, so does the salary. For those with 6-10 years of experience, the average annual salary is approximately 8.40 Lakh INR. With 11-15 years of experience, professionals can expect an average annual salary of about 10.90 Lakh INR. Those who have been working in this field for 16-20 years earn an average annual salary of around 14.30 Lakh INR, while those with over 20 years of experience can earn up to an impressive amount of approximately 20 Lakh INR per year.

SAP Consultant Salary: Experience-Based Compensation in India

The level of experience greatly influences the salary of a SAP Consultant. As one gains more experience, their salary also increases significantly. For instance, a recent graduate can anticipate earning around INR 3.60 LPA as a starting salary, whereas individuals with 5-6 years of experience can expect to earn approximately INR 6 LPA – 8 LPA.

Listed below is the pay scale of a SAP consultant according to their years of experience.

– Experience: 0 to 5 years

– Average annual salary: INR 5.50 L

– Experience: 6 to 10 years

– Average annual salary: INR 8.40 L

– Experience: 11 to 15 years

– Average annual salary: INR 10.90 L

– Experience:16 to20years

-Averageannualsalary:

INR14.30L

Experience:

20 years and above

Average Annual Salary :INR20L

SAP Consultant Salary: City-wise in India

The salary of a SAP Consultant in India depends on the location. Generally, metropolitan cities offer higher salaries compared to non-metropolitan cities. Below is a table that shows the salary range for SAP consultants based on their location in some of the top cities.

The table displays the average annual salaries (in INR) for SAP FICO professionals with 5 years of experience in different cities across India. The salary ranges are as follows: Delhi – 6.80 L, Pune – 7.80 L, Bangalore – 7.50 L, Mumbai – 6.70 L, Chennai – 6.50 L, Kolkata – 7.30 L, and Gurgaon – 9.50 L.

Salary of a SAP FICO professional with 10 years of experience in the US

In the USA, the average salary for a SAP FICO consultant is $140,320 per year or $67.46 per hour. This means that on average, these consultants earn around Rs 1 crore annually or about Rs 5,600 per hour in Indian currency.

For those who are just starting their careers in this field, entry-level positions offer a salary of approximately $117,000 per year (around Rs 87 lakhs). As they gain more experience and expertise over time, their salaries can increase significantly. In fact, the most experienced SAP FICO consultants can earn up to $161,955 per year (approximately Rs 1.2 crores).

Overall, working as a SAP FICO consultant offers promising earning potential with opportunities for growth and higher income as you gain more experience in the field.

SAP Consultant Salary: Skill-Based Compensation

Skills also play a determining factor while calculating the salary of a SAP consultant. The candidates with these certification courses get an upper hand during their recruitment which also helps them in landing a high-paying job.

Below, you will find a list of the top abilities and their corresponding salaries for your information.

The following table shows the average annual salaries in INR for various SAP skills after gaining 5 years of experience:

– SAP Material Management: 5.60 L

– SAP Financial Accounting and Controlling: 6.88 L

– SAP ABAP: 7.27 L

– SAP Sales and Distribution: 7.56 L

– SAP Production planning: 6.06 L

– SAP Security: 5.72 L

SAP SD Salary for 10 Years of Experience in India

In Pune, India, a mid-career SAP SD Consultant with 4-9 years of experience earns an average salary of ₹7.7 Lakhs per year. This means that if you have been working in the field for some time and have gained between 4 to 9 years of experience as a SAP SD Consultant, you can expect to earn around ₹7.7 Lakhs annually.

On the other hand, an experienced SAP SD Consultant with 10-20 years of experience in Pune earns an average salary of ₹14.7 Lakhs per year. This indicates that if you have been working as a SAP SD Consultant for more than 10 years and up to 20 years, your earning potential increases significantly to approximately ₹14.7 Lakhs per annum.

Overall, gaining more experience and expertise in the field can lead to higher salaries for SAP FICO professionals in Pune over time.

SAP Consultant Salary in India: Country-wise

SAP Consultants are highly sought after both in India and overseas, with salaries that surpass those offered within the country. Listed below are several prominent countries along with the corresponding salary packages provided to SAP consultants in those regions for your information.

The average annual salary in India for professionals with 5 years of experience in SAP FICO is as follows:

– United States: INR 86.39 lakhs

– United Kingdom: INR 87.51 lakhs

– Australia: INR 69.04 lakhs

– Canada: INR 65.12 lakhs

– Germany: INR 62.67 lakhs

– Japan: INR 29.33 lakhs

– China: INR 39.27 lakhs

Salary of SAP FICO consultant at KPMG in India

The average salary for a SAP Fico Consultant at KPMG India in India is ₹9.4 Lakhs per year for individuals with 3 to 8 years of experience. This means that if you have been working in the field for this amount of time, on average you can expect to earn around ₹9.4 Lakhs annually.

So, if you are considering a career as a SAP Fico Consultant and are interested in working at KPMG India, keep in mind that your salary will depend on how many years of experience you have in the field. The longer you have been working and gaining expertise, the higher your potential earnings could be within this range provided by KPMG India.

Requirements to Become a SAP Consultant with 5 Years of Experience

Having a strong set of skills is essential for anyone aspiring to become a SAP Consultant. The more skills one possesses, the higher the likelihood of securing a well-paying job. These skills not only enhance job prospects but also provide a better understanding of the role itself. Below, you will find a list of top skills that are highly valued in this field.

– User Interface Testing

– SAP Implementation

– Understanding of SAP Basics

– Proficiency in Microsoft Office

– Knowledge of Business Strategy

– Strong Communication and Presentation Skills

– Ability to work well under pressure

– Teamwork skills

– Familiarity with various software applications

What is the starting salary for SAP FICO professionals in the United States?

In the USA, what is the salary range for Sap Fico professionals? On average, Sap Fico professionals in the USA earn $130,564 per year or $62.77 per hour. Entry-level positions typically start at $114,684 per year while highly experienced workers can make up to $160,500 per year.

Salary breakdown for Sap Fico professionals in the USA:

– Average annual salary: $130,564

– Average hourly rate: $62.77

– Entry-level annual salary: Starting from $114,684

– Maximum annual salary for experienced workers: Up to $160,500

Top SAP Consultant Recruiters in India

Below is a list of top recruiters in both the private and public sectors who hire candidates with varying levels of experience.

Here are some top companies in India that offer job opportunities for SAP FICO professionals with 5 years of experience: Tata Consultancy Services, Capgemini, Deloitte, IBM, HCL Tech, Tech Mahindra, Ernst & Young, NTT Data, and L&T Infotech.

SAP Consultant Salary: Frequently Asked Questions (FAQs)

SAP Consultants are experienced experts who carry out various responsibilities in their role.

Create a procedure for handling customer orders and payments, set up credit management systems for business purposes, and produce instructional materials such as user manuals and technical guides.

What are the possibilities after finishing a course related to SAP?

After finishing the SAP course, there are various career opportunities available.

1. Sales

2. Marketing and Communication

4. Development and Technology

What is the pay scale for a SAP Consultant with an undergraduate degree?

The typical salary range for a SAP Consultant with 5 years of experience in India is approximately INR 3.60 L-4.10 LPA. However, this figure can vary depending on factors such as the company they work for and their specific job responsibilities.

What skills do you need to have in order to become a SAP Consultant?

The key abilities needed to excel as an SAP Consultant are:

– Strong leadership skills

– Ability to work effectively in a team

– Proficient in SAP with extensive knowledge

– Specialization in SAP FICO

What certificate courses are necessary to become a SAP Consultant?

The necessary certification courses to become a SAP Consultant include:

Here are some SAP certifications that individuals can obtain:

– SAP Certified Associate- SAP Activate Project Manager

– Certified SAP Business Suite 7 Professional

– Certified SAP Business Objects Business Intelligence Professional

– SAP ERP Manager Government Certification.

What is the maximum salary that a SAP Consultant can earn?

The maximum salary for a SAP Consultant with 5 years of experience is approximately INR 23 LPA.

What career opportunities are available after completing SAP certification?

After successfully completing the SAP Course, individuals have various career opportunities to explore.

– Programmer skilled in Linux operating system

– Consultant specializing in OBIEE (Oracle Business Intelligence Enterprise Edition)

– Experts in Cloud Architecture

– Programmer with proficiency in SQL language

The length of a SAP course can differ depending on the area of specialization. The duration typically ranges from 30 days to 6 months, depending on the specific field of study.

To acquire proficiency in software applications related to SAP Modules.

Developing robust technical assistance.

Improving performance within a company.

SAP FICO consultant salary at Deloitte

The average salary for a SAP Fico Consultant at Deloitte in India with 2 to 10 years of experience is ₹14.3 Lakhs per year. This range reflects the compensation package offered by Deloitte, which can vary depending on factors such as skills, qualifications, and performance. The salary scale for SAP Fico Consultants at Deloitte India spans from ₹5.9 Lakhs to ₹24.4 Lakhs annually.

Comparing this range to the average SAP Fico Consultant salary in India, it is evident that working at Deloitte offers significant financial benefits. According to our estimates, the salary offered by Deloitte is approximately 86% higher than the industry average in India.

SAP Fico Consultants play a crucial role in organizations by managing financial accounting processes using SAP software solutions. Their responsibilities include analyzing financial data, implementing system configurations, providing support for end-users, and ensuring compliance with regulatory standards.

What constitutes a high salary in SAP?

The Account Director position at SAP is known to be the highest-paying job within the company, offering a lucrative salary of ₹93.0 Lakhs per year. This role involves overseeing and managing key accounts, ensuring client satisfaction, and driving business growth. With five years of experience in SAP FICO (Financial Accounting and Controlling), professionals can aspire to reach this prestigious position.

Furthermore, it is worth noting that the top 10% of employees in SAP earn more than ₹32.99 lakhs per year. This indicates that there are ample opportunities for career progression and financial growth within the organization for those who excel in their roles. As individuals gain expertise and demonstrate exceptional performance over time, they have the potential to secure higher salaries and enjoy greater financial rewards.

How can I obtain a high salary in SAP?

To maximize your salary potential in the SAP FICO field with 5 years of experience, it is important to focus on certain strategies. Firstly, aim to work on projects where you can be part of the implementation team rather than just providing end user support. This will allow you to gain valuable hands-on experience and enhance your skills.

Secondly, invest time and effort in obtaining SAP certifications. These certifications demonstrate your expertise and proficiency in specific areas of SAP FICO, making you more desirable for employers and potentially leading to higher salary offers.

Additionally, it is beneficial to make it known that you prioritize a healthy work-life balance by only working regular office hours (9-5) due to having other passions outside of work. This can help negotiate better compensation packages as employers may value employees who are dedicated but also have interests beyond their professional lives.

1. Focus on projects involving implementation rather than solely providing end user support.

2. Obtain relevant SAP certifications to showcase your expertise.

3. Emphasize a healthy work-life balance by prioritizing regular office hours and mentioning other passions outside of work.

Remember that these strategies should be considered alongside other factors such as market demand, location, company size, industry-specific requirements, and negotiation skills when determining salary expectations or seeking career advancement opportunities in the SAP FICO domain.

What is the pay of an SAP FICO consultant at a Big 4 firm?

The salary range for SAP Fico Consultants with 5 years of experience in India varies between ₹8.1 Lakhs to ₹10.4 Lakhs when working at one of the Big 4 Accounting Firms. These firms, namely Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), and KPMG, are renowned for their expertise in accounting and consulting services.

SAP Fico Consultants play a crucial role in these firms as they provide valuable insights into financial management systems using the SAP software. They are responsible for implementing and maintaining the SAP Fico module, which integrates financial accounting and controlling processes within an organization.

Considering the significant responsibilities that come with this position along with their level of expertise acquired over time, it is understandable why the salary range falls within ₹8.1 Lakhs to ₹10.4 Lakhs per annum at Big 4 Accounting Firms in India.

It is worth noting that factors such as location within India may also influence salary variations among different cities or regions. Additionally, individual performance evaluations can lead to increments or bonuses based on achievements and contributions made by SAP Fico Consultants during their tenure at these prestigious firms.

Katy