Done with the CPA Course? Scroll Below to Know Career Opportunities in India

If you’re willing to build a successful career and earn a handsome salary in accounting, the US certified public accountant (CPA) course is an intelligent choice. With a US CPA title, you can explore more and better career opportunities without facing too many difficulties.  

Once you become a CPA, you can work across continents. In India, various subsidiaries of multinational companies (MNC) and companies that have raised money from the US capital markets rope in CPAs for multiple finance & accounting (F&A) roles.  

The Salary Ladder of CPAs in India

India is currently facing a shortage of accounting experts with practical knowledge and proficiency of international norms. As such, the majority of the organizations are sponsoring the CPAs. Some of the leading companies hiring CPA USA individuals include Philips, Genpact, Accenture, Deloitte, and Cognizant, to name a few.

The average CPA salary in India is around ₹7 lakhs on a yearly basis. A fresh CPA USA with below a year of experience starts with an average compensation (including bonus and overtime) of ₹608,205 per annum. An early-career accountant with 1-4 years of experience earns an average wage of ₹609,398 annually. 

A mid-career CPA USA with 5-9 years of work experience takes an average salary of nearly ₹10 lakhs per year to their homes. Furthermore, an experienced accountant with over a decade of experience mints around ₹19.5 lakhs yearly on average.

Besides, the US CPAs receive annual hikes of up to 5% and bonuses in the range of 10% every year.

Below are the most sought-after skills and their impact on the CPA’s salary in India, as per a survey:

• Auditing
• Financial assessment
• Tax consulting
• Tax compliance
• Tax preparation
• Financial reporting

CPA Payroll across Different Indian Cities

According to a report, individuals, after passing their CPA exams, make an average of 45.7% more than the national average in New Delhi. Moreover, these CPA job roles find above-average payrolls in Chennai (41.6% more) and Bangalore (4.6% more). On the other hand, Delhi (48% less), Ahmedabad (27.7% less), and Mumbai (13.3% less) represent the lowest-salary regions for licensed CPAs.

Career Scope for the US CPA in India

After completing your CPA course, you can uncover innumerable opportunities to work for some of the most reputed firms worldwide. Some of the career options include: 

Business, Government, and Not-for-Profits 

US CPAs can manage various positions in this broad field ranging from staff accountants and financial analysts to chief financial officers (CFO). They’re responsible for recording, assessing, and reporting financial data for businesses. In addition, they perform budgeting and internal auditing roles. 

Public Accounting Firms

In public accounting firms, licensed CPAs offer services incorporating auditing, accounting, tax, and consultancy for customers. The auditing of financial records of private and public firms is a highly in-demand job. 

Financial Advisor 

CPAs in India indeed serve as financial advisors to individuals by making sound financial decisions on their behalf to help them monitor their finances associated with college savings, home purchases, launching a business, and retirement planning. 

Specialist Services

Certified public accountants also offer services in particular domains. They help businesses by performing risk analyses as well as evaluating, carrying out system improvements and revisions, and managing their IT posture, including massive data chunks. 

Bringing Everything Together

Over the past couple of decades, several MNCs have entered India, resulting in considerable regional expansion. Also, at times, the financial reporting of an Indian company has to be integrated with global accounts that need to adhere to the IFRS or the US GAAP.

Being a certified public accountant, you have a vast ocean to swim in and unlock doors to the Indian market. Moreover, the demand for CPA USA stationed in India is rising. Loads of opportunities will be knocking at your doors once you have cleared your CPA exam. All the US corporations with Indian branches are keen on recruiting licensed CPAs.

Miles Education is a premier training institute for finance & accounting professionals looking to earn US CPA credentials. The focus of Miles Education has always been to up-skill students and professionals to help them be future-ready and enable their career progression through the US CPA qualification.

Committed to achieving this goal, today, Miles is India's largest and #1 CPA review course! It has been instrumental in building India's CPA ecosystem, holding offices in 20+ cities and partnerships with 170+ MNCs, including all of the Big 4s. Miles Education provides student/professional-centric services while keeping concept-based learning at its core which has helped it climb to the top ranks in the US CPA course in India.

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Created on Oct 28th 2021 08:26. Viewed 324 times.

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