7 Powerful Career Benefits of Doing a CPA Course

Everyone in today’s world is well aware of what a Certified Public Accountant is and what they do. Even those who aren’t in the field of accounting are aware of this profession and the prestige it holds throughout the globe. While this course can be completed in a year or a maximum of two, truth be told, becoming a CPA isn’t a cakewalk, but it surely is worth it once you get there. Within a period of 1 to 1.5 years, this course equips you with concepts of Financial Accounting & Reporting (FAR), Auditing & Attestation (AUD), Regulation (REG), and Business Environmental Concepts (BEC). 

Once you’ve mastered these concepts, you are eligible to become a Certified Public Accountant. There are many country-specific CPA courses available in India. However, for Indians looking to work and settle abroad, US CPA certification would be a good choice. Here are some of the top career benefits of doing a US CPA course.

Most Powerful Career Benefits of doing a CPA course

1. Be Assured of a High Paying Salary Package:

Certified Public Accountants earn well in every and any country they choose to work in. Even CPAs who are freshers earn more than $65,000 pa in the US, about INR 600,000 lpa in India, and AED 120,000 in Dubai and other parts of the Middle East. To know more about CPA salaries in India, check out our article on Certified Public Accountant (CPA) Salary in India – Average to Highest

CPA Salary in the US

CPA Salary In India 


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2. You can choose the industry you wish to work for:

Chartered Public Accountants don’t just fit into any one industry, they get the opportunity to work for any industry that interests them. Be it healthcare or law, fashion or food, every business today requires a CPA to keep track of the constant transactions, audit the financial statements, help with taxation and litigation, and offer sound guidance on financial planning. These tasks can be carried out for any industry or any firm that requires these services. This means a CPA gets a wide range of opportunities from different industries out of which they can choose where their preferences lie.

Industry-wise salary distribution in US

Industry

Number Of Accountants And Auditors Employed Average Annual Salary

Computer and Peripheral Equipment Manufacturing

3,910

$112,680

Federal Executive Branch

22,160

$105,980

Securities, Commodity Contracts, and Other Financial Investments

31,450

$102,020

Other Information Services

4,660

$99,810

Real Estate 36,180

$78,370

 

3. CPAs are indispensable. So don’t worry, your job is always secure!

Only a US CPA professional is authorised to audit financial statements in US  and US-based companies. A US CPA can also work in Canada and conduct audits for Canadian firms. Due to the Mutual Recognition Agreement between US CPA and Canada CPA, US CPA professionals can practice accountancy in Canada. However, there are some prerequisites and eligibility requirements that are supposed to be met with. Regardless of the country or city you choose, be it India, the US or Canada, you’ll always find yourself surrounded by opportunities.

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4. It’s a respected profession known for its integrity and ethics:

Accountants and Business Analytics professionals are considered to be the most trustworthy professionals as they handle a large chunk of financial insights and data which is essential for the company. A company and its management not only rely on a Certified Public Accountant for the data and analysis they provide but also for the financial advice they offer.

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5. As a CPA, your learning would never really end: 

Finance and accounting is a dynamic field with the rules and regulations constantly changing and evolving. Since Certified Public Accountant stands at the forefront of this industry, it is important for them to be updated with the latest rules and regulations. With the digital era upon us, the role of AI, the significance of IT and the continuous changes in the tax code makes learning a never-ending process for accountants.

6. You get to make crucial decisions for the company:

As a Certified Public Accountant, you will be in a position to make strategic decisions for your company. Finance is the most important part of every company. The leadership team always falls  back on financial data to make informed decisions. As a CPA, you not only get to track, record and analyse this data, but also provide solutions on the basis of it.

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7. You get to enjoy the title of a ‘Black Belt Accountant’

The title of a Certified Public Accountant is considered the ‘black belt of accounting’. This is because clearing CPA examinations is as tough as clearing CA examinations in India. US CPA is also known as the India CA of the US because of its super tough examination and 45% to 50% average passing rate. If you’re determined to complete this course and are able to ace these exams, you are certainly prepared for every accounting challenge that comes your way. That’s why US CPA certification is said to be one of the most advanced accounting certifications out there.

The American Institute of CPAs (AICPA) released the aggregate passing rate in 2021 for all sections, and the numbers seem scary and exciting at the same time.

2021 CPA Exam Pass Rates
Section First Quarter   Second Quarter Third Quarter Fourth Quarter Cumulative
AUD 48.56% 50.49% 47.21% 45.04% 47.98%
BEC 62.16% 63.31% 61.73% 60.27% 61.94%
FAR 46.64% 42.63% 47.83% 40.70% 44.54%
REG 59.29% 58.81% 63.12% 57.78% 59.88%

If your dream is to become a US CPA, we assure you, you’re going places. However, completing your CPA course also requires great hard work, dedication and patience. Make sure you’re up for everything it takes to become a CPA, and you’re sure to become one!

The US CPA qualification is recognised worldwide and can open doors to opportunities in Europe, Asia and North America. If you are an accounting professional looking to boost your career or just curious to learn about the course, we suggest you check out our Certified Public Accountant (CPA) course to learn more. 

What are the top hiring firms for US CPA professionals?

The top hiring companies for US CPA are Deloitte, PwC, EY, KPMG, and Intuit. The opportunities however differ from experience and skill level.

Is US CPA valid in India?

US CPA is recognised in India. You can work across all domains in accounting, finance, tax and audit. However, the only drawback is that you can't sign financial statements as a US CPA. That can only be done by a CA from ICAI.

How long does it take to complete US CPA?

This course takes about 1 to 1.5 years to completion. To be eligible for it, you need 120 credits which can be acquired by completing any commerce related bachelorette course along with M.Com, MBA or CA.

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