10 Countries With The Highest Chartered Accountant Salaries In The World
A chartered accountant is a professional who has passed the CA exam and the required education in his or her country of certification. Some of the organizations that provide education and examination for CAs are Institute of Chartered Accountants of Scotland, the Institute of Chartered Accountants of India (ICAI) and the Canadian Institute of Chartered Accountants (CICA). The CAs are experts in IFRS and other international accounting standards.
1. United Kingdom
Average Salary – US$230,000
The average salary and bonus of Chartered Accounts based in London are 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.
2. Ireland
Average Salary – US$122,000
Chartered Accountancy is one of the largest single employer for new graduates in Ireland. For those who are in their first-year post-qualification, the average package stands at €60,000. As one gains more experience and is given more responsibilities the salary rises to €108,000 annually.
3. Switzerland
Average Salary – US$162,000
The minimum salary of an accountant in Switzerland starts at CHF65,000 annually and this rises to CHF120,000 when one attains over 15 years of experience. Consolidation managers are the highest paid in this profession with an average salary of CHF150,000 a year.
4. Canada
Average Salary – US$120,000
According to a survey by CPA Canada, a CPA with over 15 years of experience makes an average of CA$150,000 annually. The top-paying industries are holding conglomerate, mining and oil & gas. CPAs located in Calgary, Toronto and Edmonton are the highest paid in the country.
5. Luxembourg
Average Salary – US$125,000
Luxembourg is a top player in the field of investment funds and investment centers in the European Union. A number of multinationals have established their headquarters in the country hence many jobs have been created in the field of accounting and management control. The starting salaries of accountants with little to no experience is at €27,000 and as one gains experience it can rise to more than €85,000 a year and €110,000 a year for a financial controller.
6. Japan
Average Salary – US$80,000
The primary accounting standards in Japan is IFRS, JMIS, US GAAP and Japanese GAAP. In order to be a registered practitioner, one needs to register with the Japanese Institute of Certified Public Accounts. A newly qualified accountant should expect upwards of 5.5 million JPY annually. Those with lots of experience earn an average of ¥9 million a year.
7. United States
Average Salary – US$75,000
In the United States the Big 4 accounting firms are Deloitte, PWC, Ernst & Young and KPMG. According to the National Association of Colleges and Employers the average salary for a CPA in the United States is $75,000. This can rise to over $125,000 annually when one has relatively more experience.
8. Australia
Average Salary – $US102,000
Financial Accountants with a CA qualification and over four years of experience have a base salary of AU$70,000 – AU$140,000. The wages are highest in Sydney and Melbourne.
9. Norway
Average Salary – US$70,000
An accountant with over 5 years of experience is expected to earn between 400k – 600k NOK a year.
10. Sweden
Average Salary – US$56,000
A Swedish accountant earns an average of 500,000 SEK a year