The demand for accountants is expected to increase as the world's economies grow more structured and organized. The introduction of technology has altered the function of the accounting professional, but qualities like attention to detail and broad subject knowledge are still crucial. There is a great need for accountants in a wide range of organizations, according to AIS Overseas. Our profile based approach ensures you get positioned for discovery by the relevant organisations in countries which offer you the biggest potential of growth.
Financial records are created and reviewed by accountants. Foreign candidates who start their careers in Big 4 Firms—the biggest worldwide accounting and professional services firms—have a higher chance of landing a job as an accountant and are paid highly in that country. Applicants with three to four years of experience are given more weight. For accountant positions, the Middle East offers the highest compensation, while all other nations pay respectable wages. In 2022, 1,538,400 accountant positions were filled.
An estimated 126,500 positions for accountants are expected to become available annually. With the necessary training and expertise, anyone can take advantage of the professional opportunities in the nations listed below. Additional avenues for investigating global dimensions encompass the following:
Accountants in Canada receive the greatest income based on their level of experience. Nonetheless, there are accounting-related chances in this nation that can increase an individual's income. In Canada, average hourly pay for accountants is $35.76. Professional chartered accountants will typically make $60 per hour. Because of the strong demand, there are more accountants in the Canadian provinces of Manitoba, Nova Scotia, Quebec, and Saskatchewan.
The number of accounting positions in the US has expanded, and many people find this to be a tough and rewarding career. A career in accounting has several advantages for people. The US Bureau of Labor reports that an accountant's yearly compensation ranges from $47,970 to $128,970, with an average of $77,250. There will be huge increase by 5.6% growth in accountants’ job vacancies in the US from 2021 to 2031
Strong accounting professional organizations are present in the UK, which will aid in the global development of accounting standards. In the United Kingdom, the average annual compensation for an accountant is £45,960. In the UK, an accountant's supplementary financial compensation ranges from £1,630 to £7,703, with an average of £3,543.
In Germany, there is a great demand for accountants. Sophisticated accountants are needed to handle finances because firms and sectors are expanding continuously. An accountant in Germany makes, on average, €66,961 a year. In Germany, an accountant's supplementary financial compensation ranges from €3,000 to €11,554, with an average of €6,178.
Accountants are highly desired in Australia due to its dynamic supervisory environment and diversity. Australian businesses always seek professional guidance to ensure compliance with tax legislation, financial reporting standards, and supervisory modifications. Accountants are vital members of the business community because they assist organizations in eliminating these difficulties. In Australia, the average annual compensation for an accountant is $95,000.
The preparation and filing of taxes is a significant part of accountant professions, which contributes to the demand for their expertise. The following list contains some of the top MNCs that are employing accountants:
Country |
Top MNCs |
USA |
Accenture |
Tata Consultancy Services |
|
Genpact |
|
Infosys BPM |
|
Deloitte |
|
Capgemini |
|
Oracle |
|
EY |
|
DXC Technology |
|
Canada |
KPMG |
EY |
|
Deloitte |
|
BDO |
|
MNP |
|
Robert Half |
|
PwC Canada |
|
Grant Thornton LLP Canada |
|
RBC |
|
UK |
Accenture |
Tata Consultancy Services |
|
Genpact |
|
Infosys BPM |
|
Deloitte |
|
Capgemini |
|
Oracle |
|
EY |
|
DXC Technology |
|
Germany |
KPMG |
EY |
|
PwC |
|
Deutsche Bank |
|
Deloitte |
|
Allianz |
|
Amazon |
|
Zalando |
|
Siemens |
|
Australia |
Commonwealth Bank of Australia |
Westpac Group |
|
PwC |
|
NAB - National Australia Bank |
|
Deloitte |
|
EY |
|
KPMG |
|
Macquarie Group |
|
Suncorp Group |
Other than India, the cost of living is somewhat high, although earnings and savings are higher there than in India. According to current sources, students' annual living expenses in Canada are approximately INR 85,000. However, the city you choose to live in will determine the cost of living. The cost of living for students in Canada can vary depending on a number of factors, including rent, groceries, utilities, and transportation. If you choose to live, these expenses could occasionally be significant because larger cities like Toronto and Vancouver are typically more expensive than smaller ones.
The average monthly cost of living in Germany is between 1000 and 3000 euros. Your lifestyle, the city you reside in, and the number of guests you are hosting all affect your monthly spending.
According to the recent survey of CABA, the cost of living everywhere been determined to be increasing. In order to assist accountants, CABA has developed a Q&A session to help those in need.
Country |
Average Accountant Salary (USD or local currency) |
Canada |
$57,500 - $113,130 |
USA |
$52,500 - $87,500 |
UK |
£30,769 - £54,998 |
Australia |
AUD 80,000 - AUD 130,000 |
Germany |
$79,595 - $118,898 |
Accounting professionals frequently hold positions as controllers, auditors, financial analysts, accountants, and chief financial officers.
Globally, accounting specialists are in high demand. Germany, Hong Kong, Singapore, Dubai, Israel, and Switzerland are among the top nations for accounting careers.
In the finance and insurance industries, accounting professionals often have the highest median yearly salary.