18 November 2023
The average salary for a Chartered Accountant or CA in the USA is approximately 105,000 USD. Generally, the salary for CAs can be anywhere from 48,000 USD to 140,000 USD. However, the salary could vary based on a lot of different factors, such as the kind of organization they are employed in, experience, location, qualifications, designation, job profile, skill set, and certifications.
The demand for Chartered Accountants in the USA is in continuous demand in a lot of different industries, such as consulting, accounting, finance, and banking. Chartered Accountants in the USA are liable for offering financial guidance, preparing financial statements, and maintaining financial records. Here is everything you need to know about the salary of CA in the USA:
What are the average salaries for CAs in the USA on the basis of academic qualifications?
Many reputed universities and colleges in the USA provide CPA courses for Chartered Accountant positions. International students are needed to hold an undergraduate degree in finance or accounting. Additionally, international students can also opt to acquire certifications such as CFE or CIA. To obtain a high salary in chartered accountancy, international students need to possess excellent communication abilities, analytical thinking, and strong technical skills.
Here are the average salaries for CAs in the USA on the basis of academic qualifications:
- Certificate or Diploma in Accounting or Finance: The median salary range for international students who hold a Certificate or Diploma in Accounting or Finance in the USA is around 30,000 USD to 65,000 USD each year.
- Bachelor’s Degree in Accounting: The average salary for international students with a Bachelor’s Degree in Accounting in the USA is around 45,000 USD to 129,000 USD per year.
- Master’s Degree in Accounting: The average salary for international students with a Master’s Degree in Accounting in the USA is around 50,000 USD to 150,000 USD annually.
- Doctorate in Accounting: The average salary that is offered to a CA who holds a Ph.D. in Accounting could vary based on a few different factors. However, on average, a Chief Financial Officer or CFO who holds a Ph.D. in Accounting in the USA can earn around 193,000 USD per year.
What are the best employers for Chartered Accountants in the USA?
Getting certified as a CA or Chartered Accountant in the USA can significantly boost the earning potential of an international student. Certified specialists are favorably valued in the accounts industry and can arrange to get higher salaries on the basis of demonstrated expertise, skill sets, and specialized knowledge. Here are some of the top employers for CAs in the USA:
- CBIZ MHM LLC
- Crowe
- BDO USA LLP
- KPMG
- PricewaterhouseCoopers or PwC
- Ernst & Young or EY
- Deloitte
- Grant Thornton
- RSM US LLP
- Baker Tilly
What is the average salary for various professions available for CAs in the USA?
With a degree in Chartered Accountancy, international students can apply for different job opportunities with lucrative salaries. Here are some different professions as well as their average salaries:
- Financial Analysts in the USA can obtain an average salary of 65,000 USD to 100,000 USD.
- Tax Consultants in the USA can receive a salary of 60,000 USD to 120,000 USD.
- Internal Auditors in the USA can obtain an average salary of 70,000 USD to 110,000 USD.
- Chief Financial Officers in the USA can receive a salary of 120,000 USD to 250,000 USD.
- Forensic Accountants in the USA can obtain an average salary of 70,000 USD to 140,000 USD.
- Investment Bankers in the USA can receive a salary of 80,000 USD to 200,000 USD.
- Management Accountants in the USA can obtain an average salary of 60,000 USD to 100,000 USD.
- Financial Planners in the USA can receive a salary of 50,000 USD to 120,000 USD.
- Enrolled Agents (EA) in the USA can obtain an average salary of 75,000 USD to 80,000 USD.
- Certified Financial Planner (CFP) in the USA can receive a salary of 82,000 USD to 87,000 USD.
- Certified Public Accountants (CPAs) in the USA can obtain an average salary of 80,000 USD to 90,000 USD.
- A Certified Fraud Examiner (CFE) in the USA can obtain an average salary of 82,000 USD to 87,000 USD.
- Certified Information Systems Auditor (CISA) in the USA can receive a salary of 105,000 USD to 110,000 USD.
- Certified Internal Auditors (CIA) in the USA can obtain an average salary of 80,000 USD to 90,000 USD.
- Certified Management Accountants (CMA) in the USA can receive a salary of 95,000 USD to 100,000 USD.
Conclusion
There is a high demand for CAs or Chartered Accountants in the USA. Numerous sectors across the country have ample job opportunities. With a degree in Chartered Accounting, international students can pursue various professions such as internal auditor, tax consultant, and financial analyst. The competitive salaries that a CA can obtain in the USA after graduating can be anywhere between 50,000 USD to 250,000 USD. Studying Master’s in accounting in the USA can provide international students with a high standard of living and incredible earning potential.
