can a acca student from india get jobs in usa ? (2024)

FAQs

Can a acca student from india get jobs in usa ? ›

Yes, absolutely. ACCA is recognised in 178 countries and has a signing authority in 32+ countries. You can complete you studies in India and then work abroad.

Boasting thousands of job postings within the USA, ACCA Careers should be your first step towards finding employment in the USA. Visit ACCA Careers.

Yes! ACCA is recognized in the United States. It is true that an ACCA-qualified accounting professional is not permitted to work as a public accountant in any of the states of the USA. However, as an ACCA-certified professional, you can still work in other domains under other companies, such as financial consulting.

While ZipRecruiter is seeing annual salaries as high as $77,000 and as low as $29,500, the majority of Acca Qualified Accountant salaries currently range between $41,500 (25th percentile) to $58,000 (75th percentile) with top earners (90th percentile) making $70,000 annually across the United States.

Acca - pays an average salary of $388,613 and salaries range from a low of $343,250 to a high of $441,306.

ACCA qualification is recognized worldwide and provides excellent opportunities to international students or U.S. students interested in an international career.

There are many reasons why Hong Kong is the best place to earn more as an ACCA. 1. Hong Kong has one of the highest ACCA membership densities in the world. This means there are more ACCA members in Hong Kong than in any other country, giving you more networking opportunities.

In Fact, An ACCA Qualification is even considered to be equivalent to a master's degree in some countries like UK! However, ACCA is more than just another degree. In addition to being a professional degree, It opens up multiple career prospects through the world.

MNCs including Tata Grant Thornton, Embassy Group, and Pepsico as well recruit ACCA India professionals. Apart from that, Accenture, HSBC, and Shalimar Paints also do look for accountants having ACCA certification.

Who is the highest paid ACCA in India? ›

From the salary perspective, the best country to work for an ACCA professional is the United Kingdom. However, even Singapore and Malaysia also have an equally high demand for ACCA members.

ACCA's highest-paying job is a Business Relationship Manager with an annual salary of ₹17.4 Lakhs. The top 10% of employees earn over ₹46.10 lakhs annually, and the top 1% earn over ₹101 lakhs per year. 7.

To become an ACCA member, you must pass a series of exams, meet work experience requirements, and adhere to ethical standards. ACCAs are recognized globally and are highly valued by employers. In terms of salary, ACCAs typically earn slightly less than CPAs.

First, the US CPA has fewer sections (4 exam sections vs 13 papers for the ACCA Qualification), but they are all hard. In fact, the US CPA pass rate hovers around 45-55%. Likewise, the ACCA estimates their mean pass rate is about 55%. However, CPA candidates can benefit from studying with a review course.

ACCA is an international degree and is valid across the globe. CPA, on the other hand, stands for Certified Management Accountants. CPA works for the Regulator of a business, whereas ACCA is the Advance module of Finance. The work experience required for ACCA is 1-2 years, whereas CPA requires 3 years.

With the growth of more and more MNCs and Big 4 companies, there has been a steer rise in jobs for ACCA professionals. Likewise, as more number of students are becoming aware of ACCA and its benefits, the demand for the certification exam has increased in the industry.

Mid-level: With 5-10 years of experience, the average salary for a chartered accountant is around $95,400 - $110,00 per year. Experienced level: Those with 10-15 years of experience can expect to earn an average of $110,000 - $122,000 per year.

A CPA stands for Certified Public Accountant. A CPA is a statutory designation for qualified accountants in the United States who have passed the Uniformed Certified Public Accountant Examination and have met additional state education and experience requirements.

What is the 10 year rule for ACCA? ›

After your 10 year time limit is reached, you will lose any Strategic Professionals results that are seven years old, or older, and you will need to take these exams again. Check your myACCA account to find out when your Strategic Professional results will expire.

US Certified Public Accountant (CPA)

The CPA is the most popular qualification in the USA for professional accountants.

Absolutely! India is one of the many certified countries for obtaining an ACCA degree. Students from India with ACCA are eligible to work all over the globe.

It is worth doing ACCA in India, as it is recognized by top multinational companies in India, including the BIG FOUR. Apart from them, key companies like TATA, BARCLAY'S, STANDARD CHARTERED, BDO, GRANT THORNTON, etc. are also getting ACCA. Job offers, appointments, and pay packages are similar to CA.

Though ACCA is recognised in most countries, unfortunately, their qualifications are not recognised in the US, and there is no reciprocal agreement that will entitle someone who has ACCA qualifications to automatically qualify for licensed CPA status.

Best degree to combine with ACCA in India

However, based on the exemptions provided by ACCA, M.Com is the best degree to combine with ACCA for individuals who wish to specialize in accounting and finance.

CFA is the best Post Graduate degree after completing ACCA, which will give your finance career a boost. It will land you with the best organisations worldwide, including the Big Four. CFA focuses more on the Financial Aspect rather than the Management Aspects. A series of 3 levels of exams is included in the course.

How much does a ACCA make? The national average salary for a ACCA is ₹5,07,369 in India.

The average ACCA coaching fees including the tuition fees are approximately Rs 3,60,000*.

Is ACCA considered a degree in India? ›

The ACCA Qualification is broadly equivalent to degree standard when you take the first nine papers (the Fundamentals level). When you take the Professionals level, it is equivalent to a masters degree.

Meet Ramkumar Raman, 18-year-old Indian who became world's youngest chartered accountant.

ACCA Trainee salaries at Big 4 Consultancy Firm can range from ₹2,96,707-₹3,24,638. This estimate is based upon 1 Big 4 Consultancy Firm ACCA Trainee salary report(s) provided by employees or estimated based upon statistical methods. See all ACCA Trainee salaries to learn how this stacks up in the market.

The typical Deloitte Chartered Accountant salary is ₹9,33,144 per year. Chartered Accountant salaries at Deloitte can range from ₹3,11,494 - ₹54,33,960 per year.

Bangalore is one of the top destinations for education in the country and provides the best Association of Certified Chartered Accountants (ACCA) education for aspiring candidates. ACCA is a global body that ensures to provide students with a 'Chartered Certified Accountants' qualification.

All the big 4's and big MNCs hire them, companies like PWC, EY, KPMG, Deloitte, Grant Thornton, BDO, JP Morgan, Credit Suisse, State Street and many more. ACCA's in India can get hired in all of the above-mentioned companies and many more at similar positions as an Indian CA.

The ACA and ACCA are both prestigious accounting qualifications offering advanced learning and professional development programmes which provide an in-depth understanding across financial accounting, advanced financial management, public taxation, auditing, financial reporting, and strategic management.

The national average salary for a ACCA Trainee is ₹3,92,809 in India.

The accounting consultants who specialize in IFRS can expect around INR 15,00,000 to INR 19,00,000 per annum. With experience of 6 to 8 years, the salary can increase from INR 20,00,000 to INR 25,00,000 per annum.

Who earns more ACCA or CPA in India? ›

You could therefore complete all of the exams in two years. However, as you also need three years practical experience before you can become an ACCA member and be considered a qualified accountant, the qualification takes a minimum of three years to complete.

Difficulty level of each paper

As such, from the below table, it can be inferred that F1 (Accountant in Business) is the easiest paper, with the highest pass rate of 85% in June 2019, while P7 (Advanced Audit and Assurance) is the most challenging paper, with the lowest pass rate of 30% in March 2019.

Auditing and Attestation (AUD) Auditing and Attestation (AUD) contains more subjective material than any other section of the CPA Exam and is often considered one of the more difficult exams.

With an economy that is built upon finance, banking and professional services, Switzerland is one of the most highly sought-after destinations for accountants. Depending on where you choose to relocate in Switzerland, you'll need to brush up on your language skills (German, French and Italian are all widely spoken).

According to the AICPA's published pass rates, the hardest part of the Uniform CPA exam is FAR (Financial Accounting and Reporting).

Very. The overall CPA Exam pass rates hover slightly below 50%. This makes passing the CPA Exam a difficult, but achievable, goal. You'll need to study wisely, set a strategy for managing your time, and call on your support network, but with the right plan and good study materials, you will conquer it.

Colorado's (CO) CPA exam requirements are possibly the most advantageous of all the states. It does not require 150 hours to sit. With no requirement to be a US Citizen, a resident of CO, or a certain age, it makes Colorado one of the easiest states to sit for the CPA exam and become licensed.

The ACCA Qualification is broadly equivalent to degree standard when you take the first nine papers (the Fundamentals level). When you take the Professionals level, it is equivalent to a masters degree.

Can a foreign accountant work in the US? ›

Through a mutual recognition agreement (MRA), qualified professional accountants from another country can practice in the United States without having to completely re-credential. Similar recognition is given to U.S. CPAs who wish to practice in that same country.

Depending on what you are better at and which path interests you more, you can make a decision between ACCA vs CMA USA. If you are interested in financial and accounting management, CMA USA is the right choice. If you are more inclined towards all things related to Accountancy, ACCA is the way to go for you.

ACCA course in Singapore has been the most sought after educational degree by students as well as many financial firms. Singapore is one of the very few countries that accept ex-pats from any number of countries and this is why there are a lot of educational institutions that offer professional ACCA courses.

Is ACCA better than MBA? It entirely depends on your career goals. If you wish to acquire specialised skill sets in accounting, then ACCA certification is the best option. But an MBA degree is helpful if you want to develop managerial skills.

The visa type required of most accountants will be the H-1B visa for specialty occupations. You will need to submit an application for this with the U.S. Department of State, and you will most likely need a U.S.-based employer to sponsor you.

More than 300,000 U.S. accountants and auditors left their jobs in the past two years— a 17 percent decline in employed accountants and auditors from a 2019 peak, according to The Wall Street Journal in a December 2022 article. Retiring Baby Boomers account for part of this exodus.

Job Outlook

Employment of accountants and auditors is projected to grow 6 percent from 2021 to 2031, about as fast as the average for all occupations. About 136,400 openings for accountants and auditors are projected each year, on average, over the decade.

First, the US CPA has fewer sections (4 exam sections vs 13 papers for the ACCA Qualification), but they are all hard. In fact, the US CPA pass rate hovers around 45-55%. Likewise, the ACCA estimates their mean pass rate is about 55%. However, CPA candidates can benefit from studying with a review course.