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What is the average Salary of a Chartered Accountant (CA) in the USA?

The role of Chartered Accountant (CA) is a highly respected and sought-after profession around the world. In the United States, CAs are known as Certified Public Accountants (CPAs), and their expertise in financial and accounting matters is invaluable to businesses of all sizes.

The salary of a CPA in the USA varies depending on several factors, such as experience, location, and industry. On average, a CPA in the USA can expect to earn a salary ranging from USD 66,000 to USD 146,000 per year. Entry-level positions typically pay around USD 66,000 annually, while senior-level CPAs earn up to USD 146,000 per year or more. The highest-paying states for CPAs in the USA are California, New York, and Texas. At the same time, the industries that typically offer the highest CPA salaries include finance and insurance, government, and corporate management. With their expertise in financial and accounting matters, Chartered Accountants can expect to earn a lucrative salary in the USA.

So, let's dive in and discover how much salary a Chartered Accountant can earn in the USA. 

Chartered Accountant (CA) Salary in the USA: Overview

A newly qualified CA can earn a starting salary of around USD 66,000 to USD 146,000 per year. However, as they gain more experience and build a strong reputation within the industry, they can earn upwards of USD 200,000 or more per year. Factors that may influence their salary include their education level, location, and the industry in which they work. Overall, a career as a Chartered Accountant can be highly rewarding both financially and professionally, making it an attractive option for those looking to build a successful career in the finance industry

Chartered Accountant (CA) Salary Patterns in the USA

Chartered Accountants (CAs) are highly skilled professionals who manage the financial affairs of both businesses and individuals. CAs in the United States earn around USD 67,000 per year on average.

However, some CAs earn significantly less than the median salary, while others earn significantly more.

  • CA salary distribution in the United States varies according to several factors, including experience, education, location, industry, and employer type.
  • Finance and insurance are the highest-paying industries for accountants and auditors in the United States.
  • The highest-paying jobs are usually executive or senior management positions.
  • The bottom 10% of CAs earn less than USD 47,000 annually, while the top 10% earn more than USD 120,000.
  • CA salaries typically rise with experience, with entry-level CAs earning around USD 56,000 per year and those with 20+ years of experience earning more than USD 130,000 per year.
  • Due to the higher cost of living in cities such as San Francisco, New York, and Los Angeles, CAs earn higher salaries.

Chartered Accountant Salary in the USA: Differences Based on Educational Qualifications

Education Level

Percentage of Marks

Average Annual Salary (in USD)

Certificate or Diploma in Accounting or Finance

-

USD 71,600 

Bachelor’s Degree in Accounting

32%

USD 94,400 

Master’s Degree in Accounting

37%

USD 129,000 

What is the Chartered Accountant (CA) Salary in the USA based on Experience?

The average Chartered Accountants' salary in the United States varies according to a candidate's level of experience.

Check out the rough salary ranges for various levels of experience listed below.

Experience Levels

Years of Experience

Average Annual Salary (in USD)

Entry-level

0 – 2 years

USD 50,000 to USD 70,000 

Early-level

2 – 5 years

USD 70,000 to USD 95,000

Mid-level

5 – 10 years

USD 95,400 - USD 110,00 

Experienced level

10 – 15 years

USD 110,000 - USD 122,000 

Senior-level

15 – 20 years

USD 120,000 - USD 130,000 

Executive level

More than 20 years

over USD 130,000 

 

Chartered Accountant (CA) Salary in the USA by Certification Level

Becoming a Chartered Accountant (CA) in the United States can significantly increase one's earning potential. Certified professionals are highly valued in the industry and can negotiate higher pay based on their specialised knowledge, skill set, and demonstrated expertise.

The table below shows the average range of CA salaries based on certifications.

Certification

Average salary range per year

Hike Percentage

Certified Public Accountant (CPA)

USD 80,000 - USD 90,000

-

Certified Management Accountant (CMA)

USD 95,000 - USD 100,000

+9.63%

Certified Internal Auditor (CIA)

USD 80,000 - USD 90,000

+48.58%

Certified Information Systems Auditor (CISA)

USD 105,000 - USD 110,000

+43.99%

Certified Fraud Examiner (CFE)

USD 82,000 - USD 87,000

+72.89%

Certified Financial Planner (CFP)

USD 90,000 - USD 100,000

+64.36%

Enrolled Agent (EA)

USD 75,000 - USD 80,000

-

Highest Paying Government Sector Jobs for Chartered Accountants

Some of the highest-paying CA jobs in the government sector in the United States, along with the salaries offered, are as follows.

Government Sector Jobs

Average Annual Salary (in USD)

US Department of Homeland Security

USD 98,896

Enterprise Products

USD 90,648

United States Department of Defence

USD 96,639

US Department of Agriculture

USD 91,119

Liberty Mutual Insurance

USD 90,742

What are the Skills required to Maximise the salary of a Chartered Accountant (CA) in the USA?

A Chartered Accountant (CA) candidate's skills can significantly impact the salary range they can expect. Understanding the required skills for a CA allows you to gain insight into the competencies and knowledge areas employers value and how they may influence salary expectations.

  • Financial analysis and forecasting reporting.
  • Taxation laws & regulations.
  • Auditing.
  • Regulatory Reporting.
  • Private Equity.
  • Advanced knowledge of accounting principles, including GAAP and IFRS.
  • Attention to detail.
  • Risk management and compliance.
  • Ethics and Professionalism.
  • Accounting software and tools, such as QuickBooks, Xero, and Sage.
  • Financial modelling and data analysis techniques.
  • Financial reporting standards, such as SEC reporting and SOX compliance.
  • Project management and team leadership.
  • Ability to identify and implement process improvements to improve efficiency and effectiveness.
  • Strong communication and interpersonal skills.
  • Microsoft Excel, including advanced functions and macros.
  • ERP systems, such as SAP and Oracle.

Best Companies for Chartered Accountants (CA) in the USA

Here are the top companies for CA in the USA

  • Deloitte
  • PwC
  • Ernst & Young
  • KPMG
  • McGladrey
  • Grant Thornton
  • BDO USA LLP
  • RSM US LLP
  • Crowe
  • Baker Tilly
  • CBIZ MHM LLC

Advantages of Chartered Accountants (CA) in the USA

Here are some advantages of Chartered Accountants (CA) in the USA

  1. High Demand: Chartered Accountants are in high demand in the USA due to their expertise in financial matters. They are sought after by businesses, individuals, and government agencies for their financial advice, auditing services, and tax planning.
  2. Professional Credibility: The CA designation is highly respected and recognised globally, providing Chartered Accountants with professional credibility and a competitive edge in the job market.
  3. High Earning Potential: Chartered Accountants in the USA typically earn high salaries due to their specialised knowledge and expertise in financial matters. The earning potential can increase significantly with years of experience and additional professional certifications.
  4. Career Growth: Chartered Accountants have various career opportunities in various industries, including finance, accounting, and business management. They can also advance to leadership roles such as Chief Financial Officer (CFO) or partner in an accounting firm.
  5. Global Mobility: The CA designation is recognised worldwide, providing Chartered Accountants with global mobility and the opportunity to work in different countries.
  6. Continuing Professional Development: Chartered Accountants must participate in continuing professional development (CPD) activities to maintain their professional designation. It ensures they are up to date with the latest developments and accounting standards and regulations changes.
  7. Versatility: Chartered Accountants have a broad skill set that makes them versatile professionals. They can work in various areas of accounting, including auditing, taxation, financial reporting, and advisory services.

The CA designation offers Chartered Accountants in the USA various advantages, including high demand, professional credibility, earning potential, career growth, global mobility, continuing professional development, and versatility.

Career Prospects and Opportunities for Chartered Accountants (CA) in the USA

A Chartered Accountant can pursue one of two major career paths.

  1. Accountant
    1. Senior Accountant
    2. Accounting Manager
    3. Budget Analyst
  2. Certified Public Accountant (CPA)
    1. Chief Financial Officer (CFO)
    2. Financial Controller
    3. Accounting Manager

Chartered Accountants (CAs) are in high demand in the United States, with numerous job opportunities available in various industries. A CA degree opens doors to jobs like financial analyst, tax consultant, and internal auditor, with salaries ranging from USD 50,000 to USD 250,000. In the United States, earning a CA or Master's degree in Accounting can lead to a lucrative career with high growth potential and a high standard of living.

If you want to become CA in the USA, contact AECC experts today, and we offer end-end services from choosing the university to moving to the USA for your higher education. Don't hesitate to contact us for free assistance!

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