Exploring the Possibility of Salary Growth in Accounting

Public Accounting salaries are expected to rise by 4.9% in 2024 as per the salary data provided by LHH Recruitment Solutions (part of The Adecco Group - the world's leading talent advisory and solutions company).

Rising Demand for Accountants:

The global demand for accountants is surging as organizations increasingly value skilled financial professionals capable of interpreting and analyzing complex financial data. With technological advancements, accountants' roles are evolving to encompass data analysis, business strategy, and technology integration. This diversification not only opens new avenues for accountants to contribute to business success and growth but also results in a massive increase in their earning potential.

Expected Salary for Accountants in India in 2024:

In the year 2024, a notable increase in the salaries of accountants is projected in India, with a particular emphasis on those holding a CPA (Certified Public Accountant) degree. Professionals with a CPA qualification are experiencing a surge in earning potential, commanding an average annual salary of around 8 lakhs. Furthermore, the demand for Certified Management Accountants (CMA) has been on the rise, driven by their unique combination of accounting and management skills. CMAs are well-positioned to capitalize on this demand, unlocking substantial earning potential in recognition of their multifaceted expertise. As businesses recognize the value of these specialized skill sets, accountants with CPA and CMA qualifications find themselves in a favorable position to secure competitive compensation packages in the evolving landscape of the Indian job market.

Expected Salary for Accountants in the USA in 2024:

Currently, the United States presents a great scope for accountants, with a pronounced shortage driving a high demand for skilled professionals globally. Certified Public Accountants (CPAs) enjoy a distinct advantage because they have already mastered the US accounting system during their CPA course. Research indicates that the starting salary for accountants in the USA is $60,000 or more, equivalent to Rs 50,00,000 in INR. Leading accounting firms are actively seeking talent on a global scale, with a notable focus on recruiting from India, where accountants are recognized for possessing top-tier accounting knowledge.

This trend highlights the rewarding opportunities for Indian accountants aiming to advance their careers in the USA.

Miles Education: The Ultimate Hub for Indian Accountants!

For Indian accountants aspiring to build a successful career in either India or the USA, Miles Education has crafted tailored pathways for both destinations. The ultimate choice of your career destination is yours, and Miles is here to stand by you throughout your journey.

Explore our two exceptional pathways:

Work in India @ Big 4 & Top MNCs:

• Engage in audit/tax outsourcing from the US to India.

• Enjoy an average salary of ₹10 lakhs.

• Join a vast network of 55,000+ Miles alumni in India.

Work in the US @ Top Public Accounting Firms:

• Miles Education now provides Indian CPAs with a direct pathway to work in the US.

• We ensure a competitive salary of $60,000+ (equivalent to ₹50 Lakhs+) for accountants in the US.

Visit our website, to know more!

Miles Education is India's #1 CPA, CMA & CFA with presence across India, Middle East & US. Miles Education up-skills students & professionals to be future-ready with a career progression in Accounting & Finance.