Many job seekers who are IT aspirants are looking for job opportunities in SAP ERP sector. They want to know as how is the career options in this field and how to proceed in this direction in order to get a decent job as SAP FICO consultant. This article speaks about the same and guides new people or beginners in SAP as how much is the scope of SAP and how to get a job in an SAP enabled company.
SAP is one of the leading ERP software solution that has topped in the world as the first choice of its customers and users.
SAP FICO is a functional module of SAP ERP software which handles the financial and accouting functionalities of an industry or business.
Is a career in SAP FICO good?
Yes, a career in SAP FICO is still very good and demanding. It is even better if you are from accounts or finance background.
SAP is the leading ERP worldwide and its popularity and demand are increasing day by day. It offers you a huge number of career options within its domain. Although SAP has launched a series of HANA versions, ECC still serves the base.
Being an SAP aspirant, it very common for you to ask this question. In fact, it is one of the most frequently asked questions relating to a career in SAP FICO.
Who can Do SAP FICO?
There is no such minimum qualifying criteria fixed for doing SAP FICO. Anyone who has a keen interest to make a career in SAP can do SAP FICO. However, some qualifications are helpful in learning and understanding SAP FICO, if you possess. These are below:
How is the scope of SAP FICO?
The scope of SAP FICO is huge.
A big number of industries are working on the ECC model and uses FICO for the functional part of their business process. As a result, lots of FICO consultants and end-users work on the implementation and support jobs. Not to forget, this is increasing day by day. Day by day, industries who working on the non-ERP model earlier are now shifting towards ERP software to manage their business in an efficient manner and to bring in transparency. Since SAP is the leading ERP software across the globe, it becomes the most demanded ERP in the industrial sector.
Since Finance and Management Accounting are two main departments of any smallest or biggest industry, an organization with SAP ERP, necessarily has SAP FICO.
Although SAP has moved way ahead of ECC by launching the HANA series (first in June 2011), SAP FICO still sustains its popularity and requirement across industries.
Further after working as SAP FICO consultant, you may upgrade to SAP S/4HANA Finance.
What are the Job Opportunities in SAP FICO?
It is obvious that when an organization has SAP ERP implemented, they need FICO consultants too to handle their financial and controlling part. Obviously, this creates a demand for aspirants like you who want to build a career in SAP FICO.
Certainly, a lot of job requirements are being posted by employers on job sites daily. And this is nationwide. You can cross-check this on the most popular job sites to see the requirement of SAP FICO consultants in India.
Further, SAP FICO consultants get many job options for SAP S4 HANA Finance consultants jobs too. Obviously you need to be updated with the knowlrdge of latest version of this subject (which is SAP S4 HANA Finance 1909 launched in sep 2019), which further open doors to many new opportunities.
How to get a job in SAP FICO?
To get a job in SAP FICO, you first learn the subject. You should take training from a really good trainer.
Importantly, you should put more attention to find a good and qualitative trainer more than finding a training institute.
Whenever you plan to do something, make a to-do-list. This would help you to move systematically and you can see your progress too.
I have made a career planner here, which would help you to find the desired job in a calculated manner.
What is the career path of an SAP FICO Consultant?
In Project development, a beginner in SAP FICO would join as an associate consultant. After working for a period of 2 years (approx.) you can get the opportunity to become a consultant. Again after 2-3 years and with at least 3-4 end to end implementations, you would be capable of being Sr. consultant.
After this, there are more senior positions like principal consultants and then solution architect.
Associate Consultant –>Consultant–>Sr. Consultant–>Principal Consultant–>Solution Architect
Conclusion
There are a lot of questions regarding the career and scope of SAP FICO in the mind of aspirants like you. I hope I have answered many of them. Just do remember, when you decide to start a career as an SAP FICO consultant, definitely assure that you are walking on the right path.
