- It works in every US state
Most US licences are state based. A CPA licence comes from one state board and each board has its own rules. The EA is federal so it’s accepted everywhere in the country. A firm with clients in ten states doesn’t have to worry about who can handle which file. For you that means more people can hire you.
- You don’t need a special degree
This is a big one for Indian students. The EA has no degree rule and no work experience rule for the exam. You register with the IRS for a PTIN and book your exam and that’s it. A B.Com graduate can try it. So can a BBA student or an engineer who wants to move into finance. Even someone working in an unrelated job can study at night and switch later.
Most students take somewhere between six months and a year to clear all three parts if they study regularly. Some finish quicker. Others take longer because of a full time job. Either way it’s a lot shorter than courses that run for several years. A short route means you start earning earlier and that matters to a lot of families.
- Work keeps coming to India
US tax firms deal with a flood of returns every year and in busy months they struggle to hire enough people. So a good part of the work gets sent to India. Big 4 firms and mid sized accounting firms and outsourcing companies run big US tax teams in cities like Bengaluru and Hyderabad and Chennai and Pune and Mumbai. These teams need people who understand US tax rules and an EA does exactly that.
The US also has fewer young people choosing accounting. Professional bodies there have been reporting this for a while. When firms can’t find enough staff at home they look abroad and some of that demand lands here.