As we move into 2025, the demand for competent accountants and Certified Public Accountants (CPAs) has reached unprecedented levels. This becomes even more apparent with the globalisation of companies. Regulatory frameworks are becoming increasingly complex, so CPAs will have a crucial role in financial management.
However, how much do CPAs earn in India and the US? The following article looks at the CPA salary of both countries, covering factors that may have a bearing on their earnings and career prospects as accountants.
Understanding CPA Salaries in the US
The United States is among the most competitive job markets for accounting professionals. On average, accountants in the US make about $85,371 per year. However, those with the CPA designation can earn much higher salaries due to their expertise and certifications.
Average CPA Salary in the US
| Lower range of CPA salary | $34,000 per year |
| Higher range CPA salary | $159,000 per year |
Opportunities for Indian CPAs in the US
The demand for Indian accounting professionals in the US job market is high. They can land lucrative jobs with top companies in India and abroad with the right qualifications and certifications. With the high demand for CPA certification in the US, companies are constantly seeking CPA-certified professionals, creating excellent job opportunities.
CPA Salaries in India
The CPA designation is gaining prominence in India as companies seek highly qualified accounting professionals to handle complex financial matters. CPAs in India earn attractive salaries, especially those working in multinational firms or financial hubs like Mumbai, Bangalore, and Delhi. The average salary of CPA in India stands at INR 2.2 Lakh per annum.
Average CPA salary in India
| Entry-level CPA Salary | INR 1 Lakh per year |
| Experienced CPA Salary | INR 11.9 Lakh per year |
CPA Jobs in India and the US
Types of industries CPAs can work in include:
- Public accounting (Big 4 Firms): CPAs in public accounting provide external audits, income statements, tax strategising, advisory services, and risk assessments for large corporations.
- Corporate accounting and finance: CPAs who work in corporations usually perform internal audits, strategise financially, forecast budgets, and ensure compliance with regulations.
- Investment banking and hedge funds: These CPAs work on financial modelling, asset valuation, risk analysis and mergers and acquisitions.
- Government and non-profit organisations: These professionals oversee public funds, conduct audits, ensure tax compliance, and aid in financial planning for public institutions.
- Healthcare and manufacturing: CPAs in these industries are responsible for financial reporting, cost accounting, regulatory compliance, and budget optimisation.
Key CPA Job Roles
CPAs hold different roles depending on their specialisation and the industry. Some sought-after CPA jobs are listed below:
Auditor
CPAs audit and review financial statements, ensure compliance with regulations and assess risks and inefficiencies. Public accounting firms, internal audit departments of corporations and governmental agencies employ them. Their duties include reviewing financial statements, detecting fraud and ensuring corporations comply with accounting standards.
Tax Consultant/ Tax Manager
Tax CPAs assist individuals and businesses with tax compliance, tax strategy optimisation, and tax liability reduction. They produce tax returns, give tax advice, and make sure their clients follow changing tax regulations. They work in accounting firms, corporate tax departments, and as independent consultants.
Financial Analyst
Financial analysts analyse accounting data and key financial metrics to assess a company's financial health, explore funding options, and manage risks. CPAs in this role carry out financial analysis and trend assessment to develop investment strategies for corporations, banking, and investment advisory firms.
Forensic Accountant
Forensic accounting involves investigating fraud cases and collecting financial evidence in a court of law. Forensic accountants comb through financial records, looking for irregularities, and testify in court about financial corruption cases. Law offices, regulatory agencies, and forensic accounting firms hire these professionals.
5. Chief Financial Officer (CFO)
Experienced CPAs qualify to become CFOs who handle the financial operations, risks and investment portfolios of corporations. By overseeing financial report preparation, budget development and strategic decision implementation, CFOs seek to strengthen the company's financial standing. Candidates for this job must have substantial experience and skills in financial management and management expertise.
Growth Prospects for CPAs
- High demand and job security: With increasing regulatory requirements, tax complexities, and corporate governance standards, CPAs remain in high demand across industries.
- Career advancement opportunities: CPAs can move into leadership positions such as CFOs, financial controllers, and partners in accounting firms, where they often oversee critical financial decisions.
- Global career prospects: The CPA designation is recognised internationally, allowing professionals to explore opportunities in multinational corporations and financial hubs worldwide.
- Specialisation and niche roles: CPAs specialising in forensic accounting, international taxation, risk assessment, or data analytics can command higher salaries and enjoy rapid career growth.
- Technological adaptation: With the rise of AI and automation in finance, CPAs who adapt to emerging technologies, such as blockchain and data analytics, will have a competitive edge in the industry.
Wrapping Up
The CPA designation is a turning point in the accounting profession, paving the way for higher-salaried job opportunities in India and the US. In both countries, CPAs are assured promising career paths and a handsome average CPA salary.
Becoming a CPA is an excellent investment for a career in accounting both in India and the US and will help you lead a successful and financially esteemed life. Enrolling in a reputable CPA course, such as those offered by Imarticus, can significantly improve your chances of passing the exam.
Frequently Asked Questions
Is CPA a good career choice?
CPA is a highly respected and lucrative career with strong growth potential, job security, and global recognition.
How long does it take to become a CPA?
It typically takes 1-2 years to clear the CPA exam and meet the experience requirements.
Can I work internationally with a CPA certification?
A US CPA is recognised in many countries, including India, Canada, and the Middle East.
Do CPAs need to continue their education?
CPAs must complete Continuing Professional Education (CPE) credits to keep their certification valid.
