The Highest Salary to Chartered Accountant is depended on his working ability. A Chartered Accountant is one of the most respectful people as per his profession. A person becomes a CA after successfully completing the CA Course and required education in his country. He is responsible for analysing financial records, reporting, interpreting, recording for interested clients.
Here we have given Some of the institutions that certify chartered accounting professionals are the Canadian Institute of Chartered Accountants (CICA), American Institute of Certified Public Accountants (AICPA), the Institute of Chartered Accountants of Scotland (ICAS), the Institute of Chartered Accountants of India (ICAI). CA professionals are best in IFRS and other international accounting standards.
A chartered Accountant gets a different salary at a different place. Some countries give the highest salaries to the Chartered accountant on another side some gives low salaries to Chartered accountant. So, those certified accountants who are thinking of relocating to practice in a country that pays the highest salaries to Chartered Accountant, then this article will help you to find the right choice.
10 Countries Which Give Highest Salary to Chartered Accountants
Below we have provided some of the best 10 countries which pay the highest salary to CA. In this list, we have also added the amount of the salary they pay along with few details. We hope this article will help you to find place and guide you to make right decision.
1.Unites stated Of America (USA)
The Average Salaries- US$165,000
In London, a professional Chartered Accountant average salary and bonus is around £135,000. The basic salary he gets is around £105,000. The highly paid CA can be found in the banking and capital markets sector. If we talk about their salary so it stands at around £170,000. No doubt this place is one of the best places for CAs to Practice and earn a good salary.
The Average Salaries- US$132,000
When we talk about those countries who pay the highest salary to Chartered Accountant Ireland comes on the 2nd number on the list. Chartered Accountancy is one of the biggest single businesses for new graduates in Ireland. The first year post qualification students get the average package stands at €60,000. The salary rises as per the experience and given responsibilities.
The Average Salaries- US$120,000
Switzerland the most beautiful country and one of the best place for Chartered Accountant to earn impressive money. In Switzerland, the minimum salary of an accountant starts from CHF65,000 annually and this increases to CHF120,000 when a person gets over 15 years of experience. Consolidation managers are the highest paid in this profession with an average salary of CHF150,000 a year.
The Average Salaries- US$113,000
The Chartered Professional Accountants Canada (CPA Canada) is the official body of Chartered Accountant in Canada. As per their survey, a CPA with around 15 years of experience gets an average salary of CA$150,000 annually. The top-paying industries in Canada for accountants are holding conglomerate, mining and oil & gas. Calgary, Toronto and Edmonton pay the highest salary to Chartered Accountant in Canada.
The Average Salaries- US$104,000
In the European Union, Luxembourg is a top player in investment funds and investment centre. Various multinational companies have established their business in the headquarters of Luxembourg. Because of this many jobs have been created in the field of accounting and management control. The starting salaries for accountants is around €27,000 and after getting some experience the salary rises to around €85,000 annually and €110,000 annually for a financial controller.
The Average Salaries- US$85,000
The four primary accounting standards in Japan are Designated IFRS, US-GAAP, Japanese GAAP and Japan’s Modified International Standards (JMIS). One to be a registered accounting practitioner, need to be certified by the Japanese Institute of Certified Public Accountants. In Japan, newly qualified accountants earn approx 5.5 million JPY annually. In Japan, the highest salary to Chartered Accountant after experience and more responsibilities is 9 million JPY yearly
7. UNITED STATES
The Average Salaries- US$75,000
The United States is no doubt a most beautiful county and Deloitte, PWC, Ernst & Young and KPMG, these four multinational companies are like big giant firms in the USA. According to the National Association of Colleges and Employer, the average salary for a CPA in the United States is $75,000. The highest salary to Chartered Accountant in the United States after gaining experience and responsibilities can rise to over $125,000 yearly.
The Average Salaries- $US75,000
Australia is a quite impressive country and the average salary to a CA professional is $US75,000 here. The highest salary to the Financial Accountants with a CA qualification and over four years of experience earn a basic salary of AU$70,000 – AU$140,000. Sydney and Melbourne are the highest wages cities in Australia.
Also Read:- How to Prepare For CA Foundation in 4 Months?
The Average Salaries- US$62,000
In Norway, the Highest salary to Chartered Accountant with more than 5 years of experience is expected to between 400k – 600k NOK annually.
The Average Salaries- US$52,000
A Swedish Chartered Accountant gets an average salary of 500,000 SEK annually including other benefits.
These are the top 10 Countries which pay the highest salary to Chartered Accountant. We hope that after reading this article you can guide yourself for the right decision. We believe that it will help you to make a right decision on the country you can migrate to and earn good pay as a chartered accountant.
Frequently Asked Questions
Q. What is the highest salary for Chartered Accountant in India?
Ans. Experience (In Year) Salary per annum (Avg)
Above 20 Rs.50,00,000-70,00,00
Q. Who is the richest CA in India?
Ans. Kumar Mangalam Birla is the Republic of India’s richest chartered accountant and a source of national pride. He is the Chairman and Chief Executive Officer of the Aditya Birla Group, a $40 billion multinational conglomerate. The empire is among the three largest companies in India. It has successfully expanded into several global holdings of high ranked companies as well, like; Novelis, Thai Carbon Black, Alexandria Carbon Black, Domsjo, Fabriker, Terrace Bay Pulpmill, Columbian Chemicals, Aditya Birla Minerals, and Aditya Birla Chemicals.
Q. What is the highest Salary to Chartered Accountant in England?
Ans. A Chartered Accountant in London typically earns around 73,800 GBP annually.
Q. Who is the highest-paid chartered accountant in India?
Ans. Here is the list of the top 5 highly paid Chartered Accountant in India.
1. Kumar Mangalam Birla
2. T.N. Manoharan
3. Rakesh Jhunjhunwala
4. Naina Lal Kidwai
5. Deepak Parekh
Q. Who is the richest CA in the world?
Ans. Here is the list of the 6 richest CA in the world.
1. Phil Knight, CO-Founder Nike’s.
2. Kumar Mangalam Birla, Aditya Birla Group chairman.
3. Denise Coates, Bet365 Director.
4. Arthur Blank, CO-Founder of The Depot at Home.
5. Paul Coulson, Ardagh Group Chairman.
6. Sir Brian Souter and Ann Gloag, the Stagecoach Group’s Founders.
Q. Who is the youngest CA in India?
Ans. Nischal Narayanam has achieved the distinction of being the youngest person to pass the Chartered Accountant (CA) exam. The 19-year-old is also a well-known mathematician. Despite passing one of the country’s most difficult tests, Narayanam will have to wait for two years to sign the balance sheets because the Institute of Chartered Accountants of India (ICAI) does not admit members under the age of 21.
Q. In which country CA is highly paid?
UNITED KINGDOM. The average salary and bonus of Chartered Accounts based in London is around £135,000. The basic salary stands at around £105,000. The highest paid accountants can be found in the banking and capital markets sector. Their average salary and bonus was around £170,000.
Q. What is the salary of CA topper?
ANS. Year Salary Package of CA topper
Q. What is the salary of CA in per month?
Ans. According to a 2019 poll, Chartered Accountants are given an average hourly compensation of Rs 700 (range from Rs 500 to 3000) and a monthly average compensation of Rs 55,000. (ranging from a minimum of Rs 10000 to 1,50,000).
Q. Can a CA earn in crores?
Ans. It all basically comes down to your level of experience. An accomplished CA earns about 40-50 lakhs per year on average. It is not easy to ask for one crore in one month, but it is certainly possible. Once an individual has established himself as a successful practising CA or leading consultant advisor, he or she may be eligible for the salary mentioned.
Q. Who earns more Engineer or CA?
Ans. The Pay scale of an average Chartered Accountant is more than an average engineer. Foe engineering, it always matters the field in which you have done engineering and also your college. If your college is reputed, you will be getting good salary & have good scope. But then also, we are comparing CA with MBA, it is just a matter of your interest, if you are good in any field, no one can pull you down.
Q. Which job has the highest salary?
Ans. In India Business analysts and Business, management are the highest paying jobs with the lucrative salary package. Those people who are related to these professions can easily get a package of 20 to 30 lakh rupees yearly and with increase in experience one can get more salary.
Q. Can CA become CEO?
Ans. Yes why not CA can also become a CEO of an organization. Let’s take an example of Kumar Mangalam Birla he is the richest CA of India and also the chairman of the Aditya Birla Group, one of the largest conglomerates in India. If he can become the Chairman of such a large industry then why don’t any other CA can. It depends on you will power hard work and dedication you can also become a CEO of an Organization.
Q. Who earns more a CA or doctor?
Ans. Although we should not compare different professions. And it is always a matter of interest which always shows your success in your profession. So if you have interest in finances you should go for CA and serve the country with your financial knowledge. If you are good at understanding diseases & its cure, you should serve the nation with your knowledge. It totally depends on your interest, as both are a good profession & you can see all levels of professionals with all kinds of salaries, some are earning good while some are just able to get the minimum salary/earning.
Q. Who Earns More CA or IIT?
Ans. There is no comparison between both of them. CA is a different profession and IIT is different, both have different ways of work and different fields of work. Your earnings depend on your skill and experience if you are an experienced CA then you can earn a good amount of salary or if you are an experienced engineer then you can earn a lucrative salary package.
Q. Are chartered accountants rich?
Ans. Yes, it is one of the most respected and promising professions. Chartered accountancy counted as one of the best career options in which you have a bright and stable future with a lucrative salary package. As the salary of an average CA is far better than any other profession so we can say that CA’s are rich
Q. Which city is the best for CA education in India?
Ans. Every City is best and now as we are well connected with internet so now you can take classes from the best faculty in India anywhere you want. It doesn’t matter where you are living you can enroll in your favorite teacher classes through your mobile phone or laptop. Now a days, through courier you receive the books, and doubt sessions through emails, calls & whatsapp are used, which really helping students not only in India but across the world.
Q. What is the average salary of a CA in India?
Ans. The salary of a Chartered Accountant in India depends on his/her experience and work responsibility. If a chartered accountant has 5 years of experience then he can get an average salary of 10 Lakhs to 25 Lakhs or if a Chartered Accountant is fresher then he can get an average salary of 5 Lakhs to 7 lakhs.