CPA Salary in India & USA: Average to Highest (2022)

US Certified Public Accountant is slowly yet steadily gaining popularity as a global accounting profession. While most students might be aware of this course, very few understand the job responsibilities, scope and payscale they may achieve after finally completing the course. Well, in that case, we assure you that once you’re equipped with these details, there’s no going back to considering any regular accounting course.?

Gaining a US CPA license is no easy task, but rest assured, it’s undoubtedly the most prestigious one that will allow you to become a Chartered Accountant of the US. However, before you embark on this challenging journey, you would want to know about the compensation and benefits this profession might bring you, whether you wish to work in India or the US. Based on different factors such as location, experience, job profile, industry and the country you wish to work in, here is the salary differentiation you can expect.

Apart from the job’s repute and ethics, the salary is the most prominent aspect of a CPA role. It has been found in various reports that a CPA certificate holder earns 10-15% more on an average than other fellow accountants. In India, INR 6,93,985 is the average salary pa for a CPA, as per Payscale.com. In many cities like Mumbai, the salary can go as high as 13.5 lpa. As per indeed, the average CPA salary is?$85,221 (USD)/yr, this figure was derived from 2.7k salaries reported, updated on April 24, 2022.?These average salaries, however, are affected by different factors.

CPA Salary Based on Job Profile

Since Certified Public Accountant is an advanced accounting profession, there are several career opportunities to explore based on your level of expertise. Some of the most preferred career options after successfully completing a US CPA are Tax Advisory and Planning, Auditing Services, Management and Consulting Services, Forensic Accounting, Financial Reporting, etc. Here’s a glimpse into the salaries offered to US CPAs based on the profession they choose.

US CPA salary in India based on job profile?

US CPA salaries in the US based on job profile

CPA Salary based on Location:

A better location ensures better access for both the company and the employee. Thus, living and working in a prime location comes with remuneration benefits. This puts a stamp on the fact that the bigger the city, the better the median salary for a CPA. A proficient location also offers better access to opportunities and better living standards, which adds up to job satisfaction.

Salaries based on location are heavily dependant on how well the country’s economy is doing. Countries that are economically strong tend to have a huge requirement for financial professionals and are ready to welcome them with attractive salaries. However, before you choose the country you wish to work in, also consider the standard of living.?

CPA Salary Based on Experience:

As you gain experience, the pay increases considerably. Most of the time, your experience and expertise become the key factor in determining the pay. Hence, the more responsibilities you handle, the higher the salary is withdrawn. To climb up the corporate ladder, along with work experience, several candidates also prefer taking up short courses to gain a salary hike.

US CPA salary in India based on experience

Salary package achieved in the US based on experience

CPA Salary Based on Industry

Factually, Certified Public Accountants earn more than non-certified ones. As specified above, they can work in auditing, taxation, assurance, and advisory fields in the Big Fours, accredited international firms, and other local firms. The more in-trend an industry is, the more pay you receive. After the pandemic, there are certain industries that are gaining more popularity than the others such as food, healthcare, and EdTech. Here are some of the top industries hiring US CPAs.?

US CPA Salary in India based on industry?

US CPA Salary in the US based on industry?

CPA Salary based on Company size

The company size also plays an important role in deciding the opportunities you ight gain to better your salary. An MNC or any other large company might have multiple growth options depending on the hierarchy, departments and responsibilities available. On the other hand, working for a small or medium sized company would ensure that you’d be a part of the major financial decisions taken by the company and would receive more exposure and learning opportunities.

Company-wise differentiation of US CPA salary in India

Company-wise differentiation of US CPA salary in the US

Preparing for the CPA examination is going to take some high-level preparation. The American Institute of Certified Public Accountants (AICPA) is one of the top regulatory bodies of CPA that provides great preparatory courses to help students prepare well for the examinations. The CAs in India can also take the certification programme to add to their credentials.?

Other than that,?Zell Education?provides specialised courses to guarantee great preparation and guidance through their advanced bestseller courses in different batches and test series. Moreover, there are so many free online resources available online, which can help students steer their planning in the right direction.?

Cracking the CPA examination and becoming one is not easy, but it’s worth it in terms of benefits and payout.?Zell Education?is committed to making US CPA preparation much more effective, helping one withdraw their dream salary from their desired designation. The journey might be difficult, but with the right guidance and apt consistency, it will become a cakewalk in no time, giving a settled, esteemed, and successful life to anyone who pursues the noble position.

The US CPA qualification is recognised worldwide and can open doors to opportunities in Europe, Asia and North America. If you are an accounting professional looking to boost your career or just curious to learn about the course, we suggest you check out our?Certified Public Accountant (CPA) ?course to learn more.