The CPA Salary in India and US
Are you ready to become a Certified Public Accountant (CPA) and earn a paycheck that’ll make your bank account sing “Oooo I’m blinded by the lights”? It’s no secret that the US CPA is the most coveted job title amongst F&A professionals. But don’t just take our word for it, let’s dive into the deets of the CPA salary in India and the USA.
Firstly, let’s talk about the US CPA exam. It’s administered by the American Institute of Certified Public Accountants (AICPA). The CPA exam is divided into four main sections:
AUD, FAR, REG, and BEC candidates have four hours to complete each section, with a total exam time of 16 hours. Each section is taken individually, and candidates can choose the order in which they take them within a time period of 18 months after giving the first exam. Sounds daunting? Don’t worry, Miles has got you covered.
We’ll provide you with all the educational materials and guidance you need to ace the exam and become a Chartered Public Accountant in the US. And trust us, it’s worth it. Not only will you have the prestige, but the salary is pretty sweet too.
On average, a CPA in India can expect to earn around ₹6,99,728/year, according to PayScale. Meanwhile, at Miles, fresher CPAs are placed at 8 Lakhs+* CTC.
In the US, the average salary ranges from around $35,000 for an Administrative Assistant to $155,223 for a CPA. The average salary in the US is in the high five figures, and for those in management, it’s a solid six figures at around $119,000 per year.
Fresher Salaries for CPA
Buckle up because, in India, your skills are in high demand. Companies are falling over themselves to hire talented CPAs and are willing to pay top dollar for it.
So, what kind of salary can you expect as a fresh-faced US CPA in India? On average, entry-level US CPAs can expect to earn around 6 lakhs per year, which translates to about Rs 50,000 per month.
But don’t get too comfortable, because as you gain more experience and work your way up the ladder, your salary will increase too. The average CPA salary in India is around Rs 9.25 lakhs per year but at Miles, we give an average salary of 8 lakhs+* CTC. And remember, your salary can also vary depending on the company and location you’re working in.
But how much can you expect to earn as a fresher CPA in the US? The average base salary for a CPA in the US is $79,316 in 2022. So, whether working in India or the US, becoming a CPA is the best way to earn.
The pathway to the US as a CPA might seem like a far-fetched dream but at Miles, we’ve made it a reality! With our CPA + MAcc program, students can now go to the US while pursuing their CPA + Master’s in Accounting and earn up to $60,000 per annum!
Job Satisfaction and Career Growth
Beyond the enticing salary, pursuing a career as a Certified Public Accountant (CPA) offers not only financial rewards but also job satisfaction and excellent prospects for career growth. The CPA designation opens doors to diverse opportunities in finance, accounting, and business.
Whether you find fulfillment in auditing financial statements, providing strategic financial advice, or specializing in forensic accounting, the CPA credential allows you to choose a path that aligns with your interests and passion.
Moreover, the CPA is a globally recognized qualification, enhancing your mobility and increasing the scope of international career opportunities. As you accumulate experience and expertise, you’re not just climbing the salary ladder but also positioning yourself for leadership roles, such as finance director or partner in a prestigious accounting firm.
The continuous learning and challenges in the field ensure that your job remains dynamic and intellectually stimulating, contributing to a fulfilling and rewarding professional journey. So, as you embark on the CPA path, remember that it’s not just about the paycheck; it’s about building a gratifying and prosperous career.
Earning that shiny CPA license ain’t no walk in the park, folks! It takes a lot of time and energy to earn the coveted CPA designation and, in turn, score that sweet CPA salary.
But here’s the thing, there are a ton of factors that can affect your CPA salary. Years of experience, the type of company and location, the nature of your work, and your job and expertise all play a role.
You can work in financial reporting, auditing, consulting, forensic accounting, and more, in both the private and public sectors or even for the government. And as you gain more experience, you can work your way up to being a chief financial officer or a highly-paid tax consultant. So, don’t wait any longer, start your journey to becoming a CPA and watch the money roll in!