1. Fresher/Entry-Level: For candidates with little to no experience, the starting salary can range from ₹3 lakhs (US$4,000) to ₹5 lakhs (US$6,700) per annum.
2. Mid-Level: SAP FICO consultants with a few years of experience (3-5 years) can earn between ₹5 lakhs (US$6,700) to ₹10 lakhs (US$13,400) per annum.
3. Senior-Level: Seasoned SAP FICO consultants with 5-10 years of experience can command salaries ranging from ₹10 lakhs (US$13,400) to ₹15 lakhs (US$20,000) per annum.
4. Expert-Level: Highly experienced SAP FICO consultants with over 10 years of experience and specialized expertise can earn salaries exceeding ₹15 lakhs (US$20,000) per annum.
5. Location: Salaries in metropolitan cities like Mumbai, Delhi, and Bangalore tend to be higher compared to smaller cities and towns.
6. Industry: The industry in which the SAP FICO consultant works can also influence the salary. Industries like IT consulting, manufacturing, and financial services often offer competitive salaries.
It's important to note that these figures are just rough estimates and can vary significantly. Compensation can also include benefits such as bonuses, stock options, medical insurance, and other perks. Additionally, certification in SAP modules, such as SAP FI (Financial Accounting) and SAP CO (Controlling), can enhance your earning potential.
