Average Salary of CA in the USA 2024

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Meridean Overseas

Updated On 10 October 2023 & Read Time 7 minutes

1.6k

Overview: Quick Facts About Salary of CA in USA

With the continuously evolving financial landscape in the United States, the demand for financial experts like Chartered Accountants is also growing. CAs play a pivotal role in managing and ensuring the financial health of businesses, making them a crucial asset in various industries. In this blog, we will delve into the average salary of CA in USA in 2024, considering various factors that contribute to their earnings. So, let’s begin with the blog!

 

Before diving into the blog, let’s first explore some quick facts about the CA jobs in US.

  • According to research, the average salary of a CA in USA is around 1,08,000 USD per year. However, it may vary according to your education qualification, work experience and other skills.

  • The two most lucrative sectors for accountants and auditors in the USA are typically finance and insurance.

  • According to research, 25% of chartered accountants make less than $59,400 per year, while the other 75% make more than that amount.

  • Due to the increased cost of living in places like Los Angeles, San Francisco, and New York, CAs make more money in these cities in the USA.

  • Certified Public Accountants (CP)

 

Salary of a CA in USA According to their Educational Qualification

A degree or certification course plays a huge role in getting a certain salary as a CA in USA. Generally, people with higher education qualifications tend to get higher salaries comparatively. Below is the classification of the average salary of a Chartered Accountant in USA according to their educational qualification.

 

Diploma in Accounting or Finance: Between $30,000 and $65,000 per year

Bachelor’s Degree: About $45,000 to $129,000 annually

Master’s Degree: Between $50,000–150,000 annually.

Doctorate or PhD: The average salary of an Indian CA in USA after pursuing a PhD highly depends on the specialisation you have done.

 

However, candidates with PhD degree tends to take high positions in companies, such as Chief Financial Officer and Chief Tax Officer, resulting in a salary above 1,50,000 USD per year.

 

Certification Courses to Boost Your Salary as a CA in USA

Here is a quick distribution of the Salary of a CA in USA based on work experience:

Number of Years of Work Experience

Average Salary

0 - 2 years

50,000 USD to 70,000 USD per year

2 - 5 years

70,000 USD to 85,000 USD per year

5 - 10 years

90,000 USD to 1,15,000 USD per year

10 - 15 years

1,10,000 USD to 1,25,000 USD per year

15 - 20 years

1,25,000 USD to 1,35,000 USD per year

20+ years

1,30,000 USD per year and above

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Certification Courses to Boost Your Salary as a CA in USA

Pursuing a certification course along with a CA will help you showcase your skills and enhance your CV leading to higher salaries.

Certification

Average Salary Range 

Certified Information Systems Auditor (CISA)

105,000 USD - 110,000 USD per year

Certified Management Accountant (CMA)

95,000 USD - 100,000 USD per year

Certified Financial Planner (CFP)

90,000 USD - 100,000 USD per year

Certified Fraud Examiner (CFE)

82,000 USD - 87,000 USD per year

Certified Public Accountant (CPA)

80,000 USD - 90,000 USD per year

Certified Internal Auditor (CIA)

80,000 USD - 90,000 USD per year

Enrolled Agent (EA)

75,000 USD - 80,000 USD per year

Top Cities in USA With High Demand for CAs

CAs in major metropolitan areas tend to earn more than their counterparts in smaller towns or rural areas. Here are the top cities which have a huge demand for Chartered Accountants in USA:

Top Cities 

Average Salary 

Dallas, Texas

105,000 USD - 110,000 USD per year

Washington, D.C.

77,000 USD - 82,000 USD per year

San Francisco, California

75,000 USD - 80,000 USD per year

New York City, New York

75,000 USD - 80,000 USD per year

Seattle, Washington

66,000 USD - 71,000 USD per year

Los Angeles, California

65,000 USD - 70,000 USD per year

San Diego, California

64,000 USD - 69,000 USD per year

Chicago, Illinois

63,000 USD  - 68,000 USD per year

Houston, Texas

60,000 USD - 65,000 USD per year

Denver, Colorado

60,000 USD - 65,000 USD per year

Atlanta, Georgia

60,000 USD - 65,000 USD per year

Phoenix, Arizona

59,000 USD - 64,000 USD per year

Miami, Florida

58,000 USD - 63,000 USD per year

Austin, Texas

58,000 UD - 62,000 USD per year

Job Roles you can Perform as a CA in USA

Some of the job roles for which you can apply as a chartered accountant in USA are:

  • Staff Accountant

  • Senior Accountant

  • Audit Manager

  • Tax Accountant

  • Chief Financial Officer (CFO)

  • Accounting Manager

  • Investment Banker

  • Financial Planner

  • Budget Analyst

  • Chief Tax Manager

 

Top Employers to Recruit CA in USA

Various companies in USA look for candidates with Chartered Accountant degree. However, few companies tend to pay higher salaries to CA in USA. Therefore, here is the list of some of the best recruiters for Chartered Accountants in USA:

  • KPMG

  • Deloitte

  • EY (Ernst & Young)

  • PwC (PricewaterhouseCoopers)

  • EisnerAmper

  • Baker Tilly

  • Grant Thornton

  • BDO USA LLP

  • Allinial Global

  • RSM US LLP

  • Crowe

  • BPM

  • CBIZ MHM LLC

 

Conclusion

Chartered Accountants in the USA play a vital role in maintaining the financial integrity of businesses and organisations. However, their salaries are influenced by various factors, including location, experience, industry, education, and company size. While we can project potential salary ranges, it's important to remember that these figures are subject to change based on economic and industry dynamics. Aspiring CAs should focus on gaining valuable experience, pursuing relevant certifications, and staying updated with industry trends to maximise their earning potential in this ever-evolving field.

 

Hope you found this blog informative and insightful. Moreover, if you are looking for further guidance regarding studying in the USA and securing jobs there, we encourage you to have a word with our team of expert counsellors at Meridean Overseas Education Consultants (MOEC). If you are unable to travel to our offices, we offer online counselling services via our website. Our dedicated counsellors will provide you with the best guidance regarding your application to study in USA. Apart from this, our expert counsellors will also provide assistance in the visa process for your successful study abroad journey. Don't hesitate to contact us at application02@meridean.org or call us at 1800-1230-00011.

 

FAQs

Q: What is the average salary of a CA in the USA in 2024?

A: The average salary of a CA in the USA in 2024 can vary based on location, experience, education qualification, and the specific industry. However, on average, it is expected to be in the range of 90,000 USD to 1,15,000 USD per year.

 

Q: What is the starting salary of a CA in USA?

A: The starting salary of a CA is somewhere between 50,000 USD to 70,000 USD per tear. The rest depends on your skills and education qualifications.

 

Q: How does the salary of a CA in the USA compare to other accounting professionals?

A: CAs generally earn a higher average salary than professionals with other accounting certifications, such as Certified Public Accountants (CPAs) or Certified Management Accountants (CMAs).

 

Q: Which states in the USA offer the highest salaries for CAs?

A: States with major financial hubs, such as New York, California, and Illinois, tend to offer higher CA salaries. However, the cost of living in these areas may also be higher.

 

Q: Do CAs with additional certifications or qualifications earn more?

A: Yes, additional certifications or qualifications, such as a Master of Business Administration (MBA) or a Certified Financial Analyst (CFA) designation, can lead to higher earning potential for CAs.

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