International Accounting Career Scope: Jobs, Placements, Salary, Top Recruiters
Parul ThapaSenior Executive Content
An International Accounting career in India offers dynamic opportunities for professionals in a rapidly globalising economy. As multinational corporations expand their operations in India, there is a growing demand for accountants with expertise in international financial standards, tax laws, and cross-border transactions.
An International Accounting career provides various job opportunities, such as Financial Analysts, Chartered Accountants, Certified Public Accountants, Management Accountants, and Tax Consultants. The International Accounting salary offered at entry-level positions ranges between INR 4 - 7 LPA, for mid-level profiles INR 7 - 12 LPA and senior-level profiles INR 13 - 20 LPA.
International Accounting graduates can either go for jobs or choose to pursue further options such as CA, CFA or CPA. Candidates interested in the Management field can further pursue MBA courses. The top recruiters where candidates can kickstart their International Accounting career are PwC, KPMG, Deloitte, EY, Grant Thornton, BDO, PKF, Goldman Sachs, etc.
The popular colleges that offer International Accounting courses are St. Joseph’s University, Jain Deemed-to-be University, International School of Management Excellence, Christ University, MIT-WPU, etc.
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- International Accounting Career: Quick Facts
- Top Career Profiles in International Accounting Career
- Emerging Trends in International Accounting
- International Accounting Scope in India: Jobs, Salary and Further Education
- 4.1 Courses after International Accounting
- 4.2 International Accounting Top Recruiters
- Best International Accounting Colleges for Placements
- International Accounting Career FAQs
International Accounting Career: Quick Facts
- The global Accounting services market is on an upward trajectory, with its value reaching $604.2 billion in 2023, marking a 1.99% increase from 2022.
- This market is projected to expand to $1.5 trillion by 2032, growing at a CAGR of 9.2% from 2023 to 2032.
- In India, specifically, the accounting industry is anticipated to grow at a CAGR of 6% from 2021, reaching $687.7 billion in 2023.
Top Career Profiles in International Accounting Career
Graduating from an International Accounting course in India can open doors to various lucrative job profiles. These roles offer diverse challenges and opportunities, making them appealing career paths for graduates in international accounting.
Here are some prominent ones:
| Job Profiles |
Description |
Average Salary |
|---|---|---|
| Financial Analysts |
Analyzes financial data, creates financial models, and provides insights to support decision-making for businesses. |
INR 6 LPA |
| Chartered Accountants (CA) |
Offers services in auditing, taxation, financial advisory, and consulting, adhering to international accounting standards. |
INR 9.4 LPA |
| Certified Public Accountants (CPA) |
Specializes in financial reporting, auditing, and tax services for multinational corporations, ensuring compliance with international financial regulations. |
INR 3.3 LPA |
| Management Accountants |
Focuses on internal financial processes, budgeting, performance evaluation, and cost management to aid strategic planning. |
INR 12.6 LPA |
| Tax Consultants |
Provides expertise in international tax laws, advising companies on tax planning, compliance, and optimization strategies. |
INR 7.2 LPA |
Note: The average salary has been taken from Ambitionbox.com.
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Emerging Trends in International Accounting
Emerging trends in International Accounting in India are transforming the landscape of the profession.
Here are some key developments:
- Adoption of International Financial Reporting Standards (IFRS): Increasing alignment with IFRS is enhancing transparency and comparability of financial statements, attracting more foreign investments and facilitating global business operations.
- Digital Transformation and Automation: The use of advanced technologies such as artificial intelligence (AI), machine learning (ML), and robotic process automation (RPA) is streamlining accounting processes, improving accuracy, and reducing manual workload.
- Blockchain Technology: Blockchain is gaining traction for its potential to enhance the accuracy and security of financial transactions, providing immutable and transparent records that are invaluable for auditing and compliance.
- Environmental, Social, and Governance (ESG) Reporting: Growing awareness and regulatory focus on ESG factors are driving companies to adopt comprehensive reporting frameworks, integrating sustainability metrics with traditional financial reporting.
- Cloud Accounting: Cloud-based accounting solutions are becoming increasingly popular, offering scalability, real-time access to financial data, and enhanced collaboration across geographies.
- Data Analytics and Big Data: Leveraging big data and analytics tools is enabling accountants to derive deeper insights from financial data, supporting better decision-making and strategic planning.
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International Accounting Scope in India: Jobs, Salary and Further Education
International Accounting career path not only provides attractive remuneration and job stability but also the chance to work with diverse teams and clients from around the world. With India's emphasis on improving financial transparency and regulatory compliance, an international accounting career can be both challenging and rewarding, making it a promising choice for aspiring accountants.
Candidates can check the sectors where an International Accounting graduate can work in India:
| Sectors |
Description |
|---|---|
| MNCs |
Handling financial reporting, compliance, and auditing for global operations, ensuring adherence to international accounting standards. |
| Public Accounting Firms |
Providing auditing, tax, consulting, and advisory services to clients, ranging from small businesses to large enterprises. |
| Financial Services |
Working in banks, investment firms, insurance companies, and other financial institutions in roles such as financial analyst, risk manager, or compliance officer. |
| Consulting Firms |
Offering specialized consulting services in areas such as mergers and acquisitions, international taxation, financial restructuring, and risk management. |
| Government and Public Sector |
Serving in regulatory bodies, public accounting departments, or as financial advisors to government projects and initiatives. |
Courses after International Accounting
After completing a degree in International Accounting in India, individuals can pursue various advanced courses and certifications to further enhance their expertise and career prospects. Candidates can check the courses they can pursue after graduating from International Accounting course.
| Courses |
Description |
|---|---|
| CA |
A globally recognized certification that focuses on investment management, financial analysis, and portfolio management. |
| CFA |
The CFA is a globally recognized professional designation offered by the CFA Institute that focuses on investment management, financial analysis, and portfolio management. |
| CPA |
A prestigious credential that qualifies individuals to practice as public accountants in the United States and other countries that recognize the CPA designation. |
| MBA |
Specializing in finance or accounting, an MBA can provide advanced knowledge in management, strategy, and leadership, broadening career opportunities. |
International Accounting Top Recruiters
The top recruiters of International Accounting span across various sectors including Accounting, Consulting, Technology, Banking, and Finance, and they often seek professionals skilled in international accounting standards and practices.
Here are some prominent companies in India that employ candidates with a background in International Accounting:
| International Accounting Top Recruiters |
|
|---|---|
| Deloitte |
PwC (PricewaterhouseCoopers) |
| EY (Ernst & Young) |
KPMG |
| Grant Thornton |
BDO India |
| RSM India |
Tata Consultancy Services (TCS) |
| Infosys |
Wipro |
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Best International Accounting Colleges for Placements
The popular International Accounting colleges with high placements are noted for their rigorous International Accounting courses, quality education, and effective placement services, making them attractive choices for aspiring International Accounting professionals.
Here are some of the top International Accounting colleges in India known for their strong placement records:
| International Accounting Colleges |
Median Salary |
|---|---|
| 7.78 LPA |
|
| 7.51 LPA |
|
| 6.91 LPA |
|
| 4.75 LPA |
|
| 4.35 LPA |
|
| 4.2 LPA |
|
| 4.17 LPA |
|
| 3.2 LPA |
|
| 3 LPA |
Note: This information is sourced from the official website and may vary.
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International Accounting Career FAQs
Q. What does an international accountant do?
A. An international accountant specializes in managing and analyzing financial information across global operations, ensuring compliance with international financial reporting standards and local regulations.
They handle complex financial transactions involving multiple currencies, tax jurisdictions, and regulatory environments. Their expertise helps organizations navigate the complexities of international finance, facilitating informed decision-making and supporting global business growth.
Q. How can I work internationally as an accountant?
A. Working internationally as an accountant involves a combination of relevant qualifications, skills, and strategic steps.
Here’s a guide to help you pursue an International Accounting career:
- Obtain Relevant Qualifications: Earn globally recognized certifications such as CPA (Certified Public Accountant), ACCA (Association of Chartered Certified Accountants), or CMA (Certified Management Accountant).
- Gain Experience: Seek positions with multinational corporations or firms that have international operations to gain experience in global accounting practices.
- Understand International Regulations: Familiarize yourself with international rules and regulations as they are widely used in global financial reporting.
- Develop Language Skills: Proficiency in languages other than English can be beneficial, especially if you plan to work in a non-English-speaking country.
- Network Globally: Become a member of international accounting organizations and attend global conferences to build a network.
Q. Is ACCA and international accounting same?
A. No, ACCA (Association of Chartered Certified Accountants) and international accounting are related but not the same.
ACCA is a globally recognized professional accounting qualification that provides comprehensive training in financial management, auditing, taxation, and financial reporting. International accounting, on the other hand, refers to the practice of accounting across multiple countries, involving the application of international financial reporting standards (IFRS), cross-border tax regulations, and global financial management.
While ACCA prepares accountants for international accounting roles by covering global standards and practices, international accounting encompasses the broader scope of working in or managing financial activities in a global context.
Q. Can a CA work internationally?
A. Yes, a Chartered Accountant (CA) can work internationally. The CA designation, recognized for its rigorous training and high standards, provides a strong foundation in accounting, auditing, and financial management.
Many countries and multinational companies value the CA qualification for its comprehensive expertise. To work internationally, CAs may need to familiarize themselves with local regulations and financial reporting standards, such as IFRS or specific regional practices.
Additionally, obtaining international certifications like CPA or ACCA can enhance their global employability.
Q. What is the difference between Indian accounting and international accounting?
A. Indian accounting follows guidelines set by the Institute of Chartered Accountants of India (ICAI) and the Indian Accounting Standards (Ind AS), which are largely converged with International Financial Reporting Standards (IFRS).
In contrast, international accounting typically adheres to IFRS, which are developed by the International Accounting Standards Board (IASB) and used globally to ensure consistency and comparability in financial reporting.
While both systems aim to provide accurate and transparent financial information, IFRS often emphasizes fair value accounting and disclosure, whereas Indian accounting practices may include specific local adaptations and regulations.
Q. Can Indian CA work in foreign?
A. Yes, an Indian Chartered Accountant (CA) can work abroad, leveraging their qualifications and expertise in international accounting.
The CA designation is highly respected and recognized globally for its rigorous standards and comprehensive training in accounting, auditing, and financial management.
However, to work in a foreign country, Indian CAs may need to meet additional requirements such as obtaining local certifications, understanding regional regulations, and familiarizing themselves with the specific accounting standards and practices of that country.
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Popular International Accounting Colleges in India
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Popular Private International Accounting Colleges in India
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Most Popular Courses
Popular Courses
- B.Com. in Professional - International Accounting and FinanceSt. Joseph's College of Commerce
- B.Com. in International Accounting and FinanceMIT-WPU
- B.Com. (Hons./ Hons. with Research) in International Finance and Accounting Integrated with Association of Chartered Certified Accountants, ACCA - UKJain Deemed-to-be University, Bangalore
- B.Com. (Hons.) in International Accounting and FinanceGalgotias University
- Post Graduate Diploma in Management (PGDM)International School of Management Excellence
- Bachelor of Commerce (B.Com. Hons.)IFIM School of Management
Popular International Accounting UG Courses
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3 Colleges
- BBA
1 College
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Dec 4, 2024
Student Forum
Anything you would want to ask experts?Answered 2 weeks ago
Yes, you can qualify to take the CPA exam if you have an accounting degree from San Francisco State University (SFSU):
Undergraduate program
The accounting programme at SFSU offers courses that prepare students for professional certifications like the CPA. Students should consult an accounting adviso
S
Contributor-Level 8
Answered a month ago
The annual salary for international accounting professionals in India can vary significantly based on experience, qualifications, and the company. Here’s a breakdown of salary estimates by level:
Entry Level (0-3 years of experience): INR 4 - 8 LPA
Mid-Level (3-7 years of experience): 8 - 15 LPA
Senior
P
Contributor-Level 10
Answered a month ago
International accounting can be categorized into three levels:
- Fundamental Level: This level involves understanding the basic principles and concepts of international accounting standards, such as the International Financial Reporting Standards (IFRS) or Generally Accepted Accounting Principles (GAA
P
Contributor-Level 10
Answered a month ago
BCom in International Accounting typically refers to a Bachelor of Commerce degree with a focus on international accounting practices. BCom in International Accounting equips students with a comprehensive understanding of global accounting standards, financial management, and economic principles.
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if I have an accounting degree from san francisco state university. do I qualify to take CPA exam?