US CPA Salary in USA and India: 2024 Updates

In the field of Accountancy, US Certified Public Accountant (US CPA) is the highest credential, accredited by the American Institute of Certified Public Accountants (AICPA). The growing presence of multinational corporations and global outsourcing firms in India has increased the demand for US CPAs. Pursuing a Certified Public Accountant (CPA) credential opens doors to lucrative career opportunities globally, and India is no exception. In this blog, you’ll explore the current salary landscape for US CPAs in India and worldwide.??

Demand for US CPAs:?

India has emerged as a global hub for finance and accounting services, driven by its robust outsourcing sector and the presence of numerous multinational corporations. The increasing trend of Indian companies expanding their operations internationally has amplified the demand for US CPAs. The accounting professionals are essential in guiding companies through the intricacies of international financial regulations, tax laws, and corporate governance standards.?

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Benefits of Pursuing US CPA Course:?

• Earning the certification to global exposure.
• Get high paid jobs in the big accounting firms, MNCs, government sectors, nonprofit organizations, and startups.
• Better job security.
• Address the acute shortage of accountants in the US, by joining the US accounting firms.
• Gain expertise in the field of accounting, like financial reporting, management consulting, financial planning, and analysis.?

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Related blog: Career opportunities for US CPAs

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Factors Affecting the US CPA Salary Trends:?

1.?????? Experience Level: Based on the experience level, i.e., freshers, mid-level experience, or senior executives, the salary differs for the US CPAs.?

• Entry-level CPAs: According to the AICPA report, the average CPA fresher pay in the United States is?$60,000-75,000 per year. In India, CPAs can earn a basic salary of INR 8-10 LPA as a fresher. Their roles typically include positions like Junior Accountant, Financial Analyst, or Audit Associate.?
• Mid-level CPAs: CPA having mid-level experience can roughly earn up to $80,000 in the US, and in India, they generally earn INR 10-15 LPA. The job roles include Senior Accountant, Finance Manager, and Internal Auditor.?
• Experienced CPAs: In the US, an experienced CPA professional generally earns $120,000 or above, and in India, they earn roughly INR 20-50 LPA. Their roles at this level include Finance Controller, Senior Manager, Director of Finance, Chief Financial Officer, and other top executives.?

2. Based on the Industry: The salary of a CPA varies in different industries. Industries such as top public accounting firms, financial services, consulting, and technology often offer higher salaries. A CPA working in the Big4 (Deloitte, KPMG, EY, and PwC) and other notable MNCs, can expect to earn more than other firms in the market. The more in-trend an industry is, the more you get paid.?

3. Based on Geographic Locations: CPAs in major metropolitan areas like Mumbai, Delhi, Bangalore, and Hyderabad, with higher living costs generally earn more than those in less populated or rural areas. These cities typically offer higher salaries than other cities, due to the concentration of top-class businesses and MNCs. So, living and working in a prime location will always tend to offer lucrative opportunities.?

4. Company Size: Large and international firms or companies, tend to offer higher salaries than any other domestic companies and startups.?

5.?Skillsets and Specialization: Specialized skills and expertise in areas like tax, audit, or risk management, can help you get paid more. While preparing for the US CPA exam, the candidates gain knowledge in these areas, making themselves eligible to earn more than the non-certified accountants.?

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Earn the global recognition with US CPA in just 12-18 months. Join India’s leading CPA institute, Simandhar Education by enrolling in our US CPA course and get access to a top-class learning experience with 100% placement assistance. To know more about Simandhar, visit our official website or contact us on 7780273388.