Indian professionals always aspire to build their careers in the USA, and one of the promising avenues that have consistently attracted talented individuals is the field of accounting. The USA offers a multitude of opportunities and a stable job market for accountants, making it an attractive destination for those looking to advance their careers.
In this blog, we will explore the career benefits for Indians in becoming accountants in the USA, and we will also delve into Miles Education’s US Pathway program for Indian accountants.
High Demand for Accountants
Accountants play a pivotal role in the financial health of organizations. In the United States, the demand for skilled accountants is consistently high. With a dynamic economy that includes a diverse range of businesses, from small startups to multinational corporations, the need for financial professionals is constant.
The Bureau of Labor Statistics projects a 7% growth in employment for accountants and auditors from 2020 to 2030, faster than the average for all occupations. This growth is driven by various factors, including an increasingly complex tax and regulatory environment, international business expansion, and the retirement of older accountants.
Competitive Salaries
One of the most attractive aspects of pursuing a career as an accountant in the USA is the potential for high earning. Accountants are well-compensated professionals, and this holds true in the United States. The average salary for accountants in the USA is expected to range from $60,000 to $125,000 per year, offering significant earning potential.
In cities with a high cost of living, such as New York and San Francisco, accountants can command significantly higher salaries compared to other parts of the country. For Indian professionals seeking to improve their earning potential, this is a major advantage.
Career Progression
The field of accounting offers numerous opportunities for career progression. Starting as an entry-level accountant, individuals can work their way up to more senior positions, such as financial manager, controller, or even chief financial officer (CFO).
In the United States, accountants have the chance to pursue various professional certifications like the Certified Public Accountant (CPA), Certified Management Accountant (CMA), and Certified Internal Auditor (CIA). Earning these certifications can open doors to higher-paying and more prestigious positions within organizations.
Stability and Job Security
Accounting is often considered a recession-resistant profession. Even during economic downturns, businesses require financial professionals to maintain their fiscal health and navigate complex financial challenges. This provides a level of job security that is highly valuable to individuals looking for a stable career.
In the USA, where job stability is an important consideration for many, this is an added benefit of pursuing a career in accounting.
Pathway to Accounting Success
To excel in the accounting field, continuous learning and professional development are crucial. Miles Education is a leading provider of accounting courses and offers training and placements to help you advance in your accounting career.
Whether you’re preparing for the CPA exam or seeking global career growth in the tax/audit accounting area, Miles Education can provide the support you need to achieve your career goals and enhance your accounting career in the USA.
Enroll in Miles US Pathway:
- Miles Education has partnered with leading US universities to enhance the Master of Science (MS) in Accounting program by integrating Business Analytics, converting it to a STEM (Science, Technology, Engineering, and Mathematics) designation.
- Accountants pursuing this program are now eligible for a 3-year work permit in the US, similar to engineers, providing an extended stay for professional opportunities.
- The program’s cost has been significantly reduced, making it more affordable for Indian accountants.
- The pathway offers a 4-year stay in the US, with 1 year of study and 3 years of work experience.
- Graduates can expect a starting salary of $60,000 or more.
Conclusion:
Pursuing a career in accounting in the USA holds immense promise for Indian professionals. With high demand, competitive salaries, ample career progression opportunities, stability, and the support of programs. Miles Education MAcc program, can be your pathway to a successful accounting career in the United States.
