How much can a CPA earn? In different locations, companies, job roles
An individual with a bachelor's degree in accounting or finance or at an entry-level accountant post in their firm who is seeking a higher salary and more job responsibilities may want to consider obtaining a certified public account designation. A CPA US who is fresh with a degree and the certification may earn towards the higher end of five-figure salaries. In contrast, those with a couple of years of experience may earn six-figure salaries annually. Be it the average CPA Salary in India, Dubai, or Canada, all such individuals are set for life.
Average CPA Salary in India and Globally
According to research published by the American Institute of Certified Public Accountants, the CPA fresher salary in the US is around $66,000 per year. The average CPA salary in the US is around $119,000; additionally, with over 20 years of experience in the field of accounting, one could draw up to $160,000 in annual pay and even look at C-suite level positions to augment their careers.
Across many industries in India, the CPA US certification has been getting more prominent. It is in demand, thereby giving the certification holders ease of joining the workforce, challenging positions to work in, and lucrative financial packages.
At entry level, with little or no experience in accounting, CPA jobs in India have a salary close to 6 lakhs per annum at firms that are not top-end. The average salary may be fit at 9 lakhs per annum. Thus, the average CPA salary in the big four in India is around Rs. 70,000 to 80,000
US CPA holders entering the Big 4 accounting firms can command a salary range between 12 lakhs per annum and 20 lakhs per annum, depending on their experience, past firms, and job roles.
In addition, in India, CPA jobs get close to 10% of their salary as bonuses and receive an increment of 40% annually. A candidate entering one of the Big 4 with an entry-level package can increase their pay from 12 lakhs to close to 14 or 15 lakhs per annum in 3 years, excluding bonuses and incentives. The CPA vs. non-CPA salary is markedly different and can be anywhere in the range of 20“25%.
Read More :
- US CPA Exam Pass Rate: What You Need to Know to Crack the CPA Pass Rate
- Quitting CA to Pursue US CPA? Things You Must Know
- Eligibility Criteria for Becoming a US CPA
