How much can a CPA earn:What is CPA salary -Companies, Job roles

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How much can a CPA earn:What is CPA salary -Companies, Job roles

How much can a CPA earn? In different locations, companies, job roles

An individual with a bachelor’s degree in accounting or finance or at an entry-level accountant post in their firm and is seeking a higher salary and more job responsibilities may want to consider obtaining a certified public account designation. A CPA US who is fresh with a degree and the certification may earn towards the higher end of five-figure salaries. In contrast, those with a couple of years of experience may draw six-figure salaries annually. Be it the average CPA Salary in India, Dubai, or Canada; all such individuals are set for life. 

CPA Salary across the world

According to research published by the American Institute of Certified Public Accountants, the CPA fresher salary in the US is around about $66,000 per annum. The average CPA salary in the US is around $119,000; additionally, with over 20 years of experience in the field of accounting, one could draw up to $160,000 annual pay and even look at C-suite level positions to augment their careers. 

Across many industries in India, the CPA US certification has been getting more prominent. It is in demand, thereby giving the certification holders ease of joining the workforce, challenging positions to work in, and lucrative financial packages. 

At an entry-level, with little or no experience in accounting, CPA jobs in India have a  salary close to 6 lakhs per annum at firms that are not top end. The average salary may be fit at 9 lakhs per annum. Thus the average CPA salary in the big 4 in India in India is around Rs. 70,000 to 80,000

US CPA holders entering the Big 4 accounting firms can command a salary range between 12 lakhs per annum to 20 lakhs per annum, depending on their experience and past firms and job roles. 

In addition, in India, CPA jobs in India get close to 10% of their salary as bonuses and receive an increment of 40% annually. A candidate entering one of the Big 4 with an entry-level package can increase their pay from 12 lakhs to close to 14 or 15 lakhs per annum in 3 years, excluding bonuses and incentives. The CPA vs a non CPA salary is markedly different and can be anywhere in the range of 20-25%.

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CPA Jobs in India

In Big Fours and top Accounting firms, the auditors for six out of every ten of India’s top 500 listed companies. These companies are hired to fulfill their professional services taxation, assurance, consulting, risk advisory, actuarial, audit, transaction advisory, corporate finance, and legal services. 

Along with the Big 4, many other firms and MNCs, like Accenture, Amazon, Netflix, and Walmart, are vehemently hiring for CPA jobs in India. 

CPA jobs in India are exciting and challenging and require expertise, time management, and teamwork. Some of the roles are as follows, but are not limited to: 

  • Public Accounting
  • Financial Analyst
  • Financial Controller
  • Risk and Compliance Professional
  • Senior Financial Analyst
  • Information technology Accountant
  • Accounting Software Developer
  • Finance Director
  • Corporate Controller
  • Personal Financial Advisor

A Certified Public Accountant supports corporations, organizations, or individual proprietors with tax and financial statement planning. CPA jobs in India include day to day tasks like:

  • Examining financial records.
  • Preparing tax forms and other tax documents.
  • Overseeing financial and management audits.

In general, the responsibilities of a CPA can be elaborated as follows:

  • Maintaining & organizing digital and physical financial records.
  • Coordinating with employees on income tax research, filing, and planning
  • Conducting periodic audits to assure accuracy in financial records, expenses, and savings of the firm
  • Assessing all business transactions and preparing accurate reports on findings. 
  • Organizing and filing all central, state, and local income tax documents.
  • Development and implementation of effective accounting policies and processes
  • Contributing research and analysis to budgeting procedures
  • Regularly briefing the management of the company on the financial health of the company and recommending solutions to improve results.
  • Ensuring they are up-to-date with industry and accounting standards changes and changes in regulations from the government
  • Generally, responding to tax and accounting-related issues of the firm, its management, and the employees. 

Private persons who are high-net-worth individuals also hire accountants for their financial planning, investment strategy, tax accounting, etc. Here, CPA jobs in India is based on personal rapport, communication, and high performance and risk management ability. 

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Locations where Qualified CPA can work

Major MNCs, accounting firms like the Big 4, and others in the Accounting and Management consultancy sector hire year-round and base their hiring on on-campus placements, internal references, and online job application portals. The locations decided for the CPA jobs in India are based on employee preferences, employee merit, and job vacancies that the firm internally determines. Firms consider the family location, work preferences, opportunities, and roles available at various offices around the countries. Some employees may even receive onsite opportunities that will require them to travel abroad on a project basis. 

The largest of the Big 4, Deloitte, has offices and CPA jobs in India in almost all major cities and hires year-round for these offices based on their internal requirements and talent acquisition capacity. Their offices are in Ahmedabad, Bengaluru, Chennai, Gurugram, Hyderabad, Kolkata, Mumbai, Pune, Kochi, and Goa. Deloitte has two offices in Bengaluru, Hyderabad,, and Mumbai because of their higher clientele in these cities. 

PwC or Pricewaterhouse Coopers is based in London, UK, and ranks 2nd in the list of Big 4 companies in India. They hire round about the year and especially higher freshers from college placements. All the offices of PwC are located in 8 major cities of India, including Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai, Raipur, Bhopal, and Pune. 

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Ernst & Young, also known as EY India, is the 3rd largest auditing firm in the list of the Big 4 companies in India. It has 27 offices spread across India and employs over 50,000 employees globally. Their offices in India are in New Delhi, Gurugram, Noida, Mumbai, Pune, Bangalore, Hyderabad, Chennai, Kolkata, Ahmedabad, Chandigarh, Jamshedpur, and Kochi.

KPMG or Klynveld Peat Marwick Goerdeler is the 4th largest among the group of Big 4 companies in India with a market share of 29.22%, is based out of Amstelveen, The Netherlands and has 22 offices in India and employs 12,000+ across regions in India. They have 3 locations in Bengaluru, 2 locations in Kochi, 4 across Mumbai and Navi Mumbai, 3 in Pune, and 1 in Kolkata, Jaipur, Noida, Gurugram, Chennai, Chandigarh, Hyderabad, and Ahmedabad. 

Major employers of CPA holders other than the Big 4 are also located in these major cities of India. CPA holders will generally have to be in these select cities to pursue their jobs in professional and expert accounting. Salaries are also adjusted based on the cost of living in the cities the employees are sent to. For instance, the same job roles across Mumbai and Chandigarh will receive slightly different remunerations instead of accommodation, food expenses, travel, and general cost of living disparity between the two cities. 

Frequently Asked Questions 

1. What is the scope for CPA in India?

The job opportunities differ depending upon the role after CPA. Generally, a CPA holder can work in Finance, Auditing, Finance, Accountancy, Investments, etc. They are in high demand and can earn great salaries. 

2. How much do you make as a CPA?  

At an entry-level, with little or no experience in Accounting, the CPA salary in India is close to 6 lakhs per annum at firms that are not top end. The average salary may be fit at 9 lakhs per annum.US CPA holders entering the Big 4 accounting firms can command a salary range between 12 lakhs per annum to 20 lakhs per annum, depending on their experience and past firms and job roles.

3. What is the salary of a fresh US CPA in India?

At an entry-level, with little or no experience in accounting, the CPA salary in India is close to 6 lakhs per annum at firms that are not top end. The average salary may be fit at 9 lakhs per annum.

4. How much does a CPA earn in the USA?

The CPA fresher salary in the US is around about $66,000 per annum. The average CPA salary in the US is around $119,000; additionally, with over 20 years of experience in the field of accounting, one could draw up to $160,000 annual pay and even look at C-suite level positions to augment their careers. 

Conclusion 

In conclusion, CPA holders have a considerably lucrative job market to enter and attain their financial and professional ambitions. The CPA salary in the Big 4 in India or even small CPA firms can be extremely high. They will be based out of some of the major cities of India, accessing some of the best infrastructures in the country, working at some of the most prominent organizations, and receiving more than sufficient remunerations for their hard work.

If you want to pursue a CPA degree, then you can join the CPA classes at NorthStar Academy where you get access to the best CPA material and Global Mentors to ensure you with flying colors. 

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