This is the perfect place to get a fair and accurate salary estimate for a SAP FICO job. A FICO score is an essential measure to understand the likelihood of defaulting on loans or credit cards, and it can determine how much auto insurance you pay.
The salary for Sap Fico is based on many factors including the job’s seniority, location and other skills required from the job. The average salary for Sap Fico range from $60k to $80k a year. To reach top amount of money in this field, you will need around 8-10 years of experience in the software testing field.
SAP FICO is a certified global SAP function and one of the key components in the solution portfolio. It deals with financial controlling, planning, analysis and modeling of business processes. A SAP FICO consultant needs to have good analytical skills to understand the data before using them for decision making.
Salary For Sap Fico Overview
SAP FICO is a part of SAP ERP. It is useful for financial reporting as well as controlling the business processes. For example, if you have a chain of restaurants, then you can use SAP FICO to know how much money you will make in profit on a particular day.
SAP FICO Salary for Fresher: The average salary for freshers with sap fico knowledge is around Rs 7 lakh per annum in India. Sap Fico Salary after 2 years of Experience: Sap Fico has some other modules like CRM and ABAP where you can gain experience as well. The salary range for this will be around Rs 10 lakh to Rs 14 lakh per annum in India. CMA with sap fico: If you are looking forward to becoming a chief financial officer (CFO), then starting off with sap fico will give you an edge over your peers who are not aware of the software module at all.
CA with sap fico: If you want to become an accountant and want to learn more about financial management, then SAP FICO would be the best option because it helps in controlling the business processes and also keeps track of daily profitability
Who Is A Sap Fico Consultant
SAP Fico consultant is mainly responsible for building, designing, and deploying SAP-based ERP solutions. Fico means to finance and control. Therefore, your job puts you in a close relationship with the client’s finance team to understand the business requirements of an organization you are working for. Implementing projects to prepare blueprints, validate the report requirements, and validate any customizing changes are all your responsibility. For new members, you are to provide adequate training for them and also to the end-user. You are also to sort out day-to-day queries of end-users and enhance the SAP for end-users based on requirements. Other duties include providing and conducting structured testing internally and with the end-user and ensuring stabilization of continuous improvements and solutions.
As an SAP Fico Consultant, you must be result-oriented, work and cooperate with others, understand the accounting business processes, and have excellent leadership skills. The average salary of an SAP Fico Consultant annually is $86,000, and a bachelor’s degree in Accounting is required.
There is more than meets the eye when it comes to being a SAP Fico Consultant. For example, did you know that they make an average of $46.53 an hour? That’s $96,790 a year!
Between 2018 and 2028, the career is expected to grow 9% and produce 56,000 job opportunities across the U.S.
How To Become a SAP Fico Consultant
If you’re interested in becoming a SAP Fico Consultant, one of the first things to consider is how much education you need. We’ve determined that 54.1% of SAP Fico Consultants have a bachelor’s degree. In terms of higher education levels, we found that 39.4% of SAP Fico Consultants have master’s degrees. Even though most SAP Fico Consultants have a college degree, it’s impossible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a SAP Fico Consultant. When we researched the most common majors for a SAP Fico Consultant, we found that they most commonly earn Bachelor’s Degree degrees or Master’s Degree degrees. Other degrees that we often see on SAP Fico Consultant resumes include Diploma degrees or Associate Degree degrees.
You may find that experience in other jobs will help you become a SAP Fico Consultant. In fact, many SAP Fico Consultant jobs require experience in a role such as SAP Consultant. Meanwhile, many SAP Fico Consultants also have previous career experience in roles such as Fico Consultant or Functional Consultant.
What Does a SAP Fico Consultant Do
There are certain skills that many SAP Fico Consultants have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Analytical skills, Communication skills and Creativity.
