A recent study suggests that accounting and taxation jobs would skyrocket to over 11% by 2024. So, accounting professionals now is the time to gear your professional qualifications! Since US CPA as one of the gold standard accounting certifications has gained wide importance and credibility worldwide, accountants act fast to join a CPA course in India to get certified to lead the accounting world of tomorrow. The good news not just brings hope to accountants who are on the CPA course journey but also drives the growth outlook of the Indian economy at large. Let’s take a look at some five interesting industries that need accountants with the US CPA designation to drive business performance in their ecosystem.
Environmental Accounting
We do not have a planet B, so if you are keen on saving the earth from pollution and environmental disaster, a US CPA review course can lead you to achieve that dream. Since natural problems involve investment and budget allocation and analyses, accountants can take up CPA training that can provide deep insights into preparing financial reports to investors of the project and lessening the carbon footprint. Certified public accountants providing bottom-line solutions to real nature threats earn a salary package up to USD 65,000.
Sports Accountant
You don’t need to be a sports star to be in the sports industry, but if you ever dreamed of being surrounded by your favorite athletic team, a US CPA course is the way forward. Spectator Sports is one of the growing entertainment industries and needs accountants with global credentials to manage payroll, budgets, and cash flow. As US CPAs help analyze the preceding season’s budget and forecast future plans for the coming season, accounting and tax courses play an integral role in the life of the sports industry. Since the average pay is more than USD 70,000, sports become a viable niche for CPAs in an energetic environment.
Accounting Software Developer
As big data has become a spiraling challenge for businesses across the globe, certified public accountants need the appropriate software and new-age tools to analyze, predict and streamline data to make informed financial decisions. Understanding the immediate digital need, many CPA review training providers help accountants with data engineering and analytics as an additional course to collaborate with engineers and software developers to build accounting software so as to protect financial data from a breach. The US CPA syllabus by review institutes is tailored so that an accountant notches a remunerative career earning up to USD 85,000.
Risk & Compliance Accountants
The business world is flooded with rules, procedures, and regulations, but very few follow them. This brings a dire need for accounting professionals with top credentials like certified public accountants who can perform such tasks, helping professionals at corporates and business leaders comply with the norms so as to avoid any penalty from the government. One of the advantages of CPA classes is they train accountants to access, process, and store sensitive clientele data and help them during tax filing processes and deadlines. Holding a US CPA designation, CPAs can design and implement programs and practices for businesses to ensure they adhere to the regulations of the government. Accountants receiving CPA training in risk and compliance get a salary of around USD 90,000.
Accounting Faculty
CPA training also prepares and sets US CPAs for academic missions to transfer knowledge, experience, and skills to the next generation of accountants. CPA Review courses not only help accountants to chart a successful CPA career in reputed financial organizations and institutes across the globe but also build a CPA ecosystem for the future. Since the demand for US CPAs has grown far beyond, global business needs partnerships with accounting academia and training institutes to transfer updated knowledge and skills in the accounting and financial domain. This gives scope for CPAs to find remunerative CPA careers as consultants and advisors to firms that nearly pay a package of USD 100,000.
Forensic Accountant:
Forensic accountants play a critical role in investigating financial crimes, fraud, and embezzlement. They are often employed by law enforcement agencies, accounting firms, or corporations to uncover financial discrepancies and provide expert testimony in legal proceedings. With their specialized skills in analyzing financial data and tracing illicit transactions, forensic accountants can earn substantial salaries, ranging from USD 80,000 to USD 120,000 or more, depending on their level of experience and expertise.
International Tax Consultant:
As businesses expand globally, the need for tax consultants with expertise in international tax laws and regulations is on the rise. US CPAs who have a thorough understanding of international tax treaties, cross-border transactions, and compliance requirements can find lucrative opportunities in multinational corporations and consulting firms. International tax consultants can earn competitive salaries, often exceeding USD 100,000, particularly at senior levels.
Corporate Controller:
Corporate controllers are responsible for overseeing an organization’s financial reporting, budgeting, and accounting operations. They play a crucial role in strategic financial planning and decision-making. US CPAs with significant experience and leadership skills can aspire to become corporate controllers, especially in large companies. The salaries for corporate controllers can range from USD 90,000 to well over USD 150,000, depending on the size and complexity of the organization.
Mergers and Acquisitions (M&A) Specialist:
M&A specialists assist in evaluating potential business acquisitions, conducting due diligence, and managing the financial aspects of mergers and acquisitions. Their expertise is vital in assessing the financial health of target companies and negotiating favorable deals. US CPAs with a background in finance and M&A can find high-paying positions in investment banks, private equity firms, or corporate development departments. Salaries for M&A specialists can reach six figures, especially at senior levels.
Chief Financial Officer (CFO):
The CFO is a top executive responsible for managing an organization’s financial strategy, financial reporting, and overall financial health. While reaching the CFO position often requires extensive experience and a proven track record of success, US CPAs are well-positioned to ascend to this prestigious role. CFOs of large corporations can command substantial salaries, often in the range of USD 200,000 to several million dollars, depending on the company’s size and industry.
Remember, the salaries mentioned above are approximate figures and can vary based on factors such as location, years of experience, level of education, and the specific employer. Pursuing a US CPA certification can open doors to various high-paying opportunities across different industries and sectors, making it a valuable investment for accounting professionals seeking career growth and financial success.
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