The year 2022 and 2023 combinedly witnessed more than 300,000 US accountants and auditors resigning their jobs, marking a 17% decline, as reported by Wall Street Journal. With hectic working hours averaging 50-80 hours per week, a significant portion of accountants aged 25-34 and 45-54 recorded leaving their jobs, the journal further reports. This data automatically answers the question of demand for accounting jobs in the USA. Over the years, Miles Education single handedly has capitalized this demand by offering masters in accounting in the US (alongside CPA).
Moreover, to tackle the shortage of accountants in the US, companies are now considering increasing the salary of entry-level jobs. Also, most of these jobs are remote and hybrid, offering a golden opportunity for many accountants across the world to pursue their career here. Miles Education has emerged as the flagbearer of Indian accountants in the US over the past few years helping top accounting firms recruit top-notch accountants.
One of the important turning points for accountants in India has to be the establishment of eight new CPA centers in India, located in Ahmedabad, Mumbai, Hyderabad, Chennai, Kolkata, Bangalore, New Delhi & Trivandrum. This was a huge boost for aspirants in the country, especially for working professionals, considering that one can attend the exam all round the year.
Now, to pursue an accounting career in the US, earning a global-standard certification like Certified Public Accountant (CPA) and Certified Management Accountant (CMA) is the first step. America understandably has the most complex and innovative financial ecosystem. And, without the right training, especially from industry experts on a global scale, cracking these competitive exams is not an easy task. This is where Miles Education comes in the picture. It’s no shock to learn that there are more than 55,000 CPAs in India who are Miles alumni!
How can an MS in accounting skyrocket your earning potential?
Majorly, for undergraduates from commerce background, Masters of Science in accounting from one of the top universities in the US opens up a world of unlimited opportunities. Since both the demand for accounting jobs and the accounting salary in America are on the rise, this would be a perfect time to pursue this masters course. It is important to note that the bachelor’s degree has to be from a NAAC accredited university to be eligible for admissions.
Miles Education has gamified how Masters in accounting is pursued in the US. By integrating Business Analytics into the program, the accounting programs are converted to a STEM Module (Science, Technology, Engineering and Maths) which ensures that the students are now eligible for 3F Visa (three year work-permit Visa). This is a huge advantage for students from finance or commerce background as MS in Science students were only eligible for this Visa until now.
However, this Masters in accounting program is not only for undergraduate students but also tailor-made for the working class. Since the first year of the program is based on an online module, the schedules of the classes help professionals maintain their work-study balance. With 360-degree support from over 100 industry experts, Miles boasts a staggering 82% plus pass rate in CPA exam and 70% plus pass rate in CMA exam.
Additionally, a candidate can pursue this program parallelly to his/her masters, enabling them to be industry-ready by the time they graduate with numerous amazing offers from top accounting firms. CPA certified accountants find it very easy to crack jobs in the Big 4 and other big MNCs prominently because of the certification. Moreover, with an expert handholding like Miles, in a span of 20 months, the candidate can finish his masters, earn his CPA certificate & license, and land a job with a starting salary of over $60,000 (INR 50 Lakhs+).
Why Are STEM Programs in the USA Your Gateway to Success?
In today’s fast-paced world, STEM programs in the USA stand out as trailblazers of innovation and opportunity. These programs are designed to push boundaries, increase creativity, and prepare students for groundbreaking careers in science, technology, engineering, and mathematics. Thanks to Miles Education’s groundbreaking US Pathway Program, the accounting field is also witnessing unparalleled success through their innovative MS in Accounting program.
Through this masters program, Miles is leading the way in offering exceptional STEM programs in the USA. A standout example, as stated earlier, is their MS in accounting program. By integrating Business Analytics into their accounting programs, candidates can now avail a 3F Visa (3 years work-permit Visa) which earlier was not available for accounting students in the country. This innovative approach not only enhances students’ financial academic skills but also equips them with the tech-savvy skills required for today’s digital economy.
Additionally, by integrating data analysis tools and technological advancements into the curriculum, Miles Education ensures that graduates are prepared to tackle real-world financial complexities and drive transformative change in their careers.
With over 1000s of Miles Alumni in the US Livin’ their American Dream, this would be a perfect time to invest in your career and kickstart the accounting journey. Not just for students who have graduated their commerce degree, but also for working professionals who are looking out for that break, in the accounting field.
Unlocking High Earnings: Accounting Salaries in the USA
The answer to the salary of an accountant in the US has already been covered in this blog but to reiterate, Miles education has over 1000s of alumni in America with a starting salary of $60,000+ (INR 50 Lakhs+). However, experienced professionals and those with specialized credentials, such as a CPA, often see their earnings exceed $85,000 per year. Understanding the accounting salary in the USA can illuminate the financial rewards awaiting you.
The nature of how the accounting salary in the USA is determined is greatly influenced by the location and specialization of the employee. Cities such as New York, San Francisco, and Los Angeles always pay their employees well to compensate for the highly charged cost of living and competition brought by the high standards of superior skill. However, one can earn even more if he or she has chosen a rather specific field of the profession, for example, forensic accounting or tax consultation.
Nonetheless, common commitment to advanced education such as CPA and especially from Industry leaders like Miles Education leads to a dream accounting job opportunity and substantial financial returns in a fast-growing industry. Also, major financial hubs like New York, San Francisco, and Los Angeles typically offer higher salaries to match the cost of living and demand for top-tier expertise. Furthermore, niche specialties such as forensic accounting or tax advisory can lead to even greater earning potential.
FAQs
- Is there really a shortage of accountants in the US?
Undoubtedly, there is a shortage of accountants in the US. The US Bureau of Labor Statistics (BLS) reported that there is a 4% increase in accountant & auditor jobs from 2022 to 2032. To be precise an expected 126,500 shortage of accountants per year.
- Can I get a job as an accountant in USA?
Definitely, after clearing your CPA exam, earned the state license (every state has its own eligibility criteria). WIth Miles US Pathway Program you can also avail 3F (3 year work-permit) Visa.
- What is the minimum salary of an accountant in US?
By choosing Miles Education US Pathway Program, there are already 1000s of Indian accountants placed at top accounting firms with a starting salary of $60,000+ (INR 50 Lakhs+)
- Is CPA valid in USA?
Licensed Certified Public Accountants (CPA) are in high demand in the US. Miles education boasts placing 1000+ of Indian accountants in top accounting firms with a starting salary of $60,000+ (INR 50,000 Lakhs+)
