Top 10 Countries with the Highest Salaries for Accountants
While accounting is definitely one of the most lucrative career in the world. If you have a boss for numbers and enjoy the corporate lifestyle, then what accounting lacks in adventure, it more than makes up for in solidity and career opportunity. The big dilemma, however, is where do we start? Where do we pursue our dream career? Do we stay at home or do we move abroad? And if so, where? 
With these questions in mind, we’ve done a great research for you and put together a list of the 10 best countries with the highest salaries for accountants. This is here what we found.
While accounting is definitely one of the most lucrative career in the world. If you have a boss for numbers and enjoy the corporate lifestyle, then what accounting lacks in adventure, it more than makes up for in solidity and career opportunity. The big dilemma, however, is where do we start? Where do we pursue our dream career? Do we stay at home or do we move abroad? And if so, where?
With these questions in mind, we’ve done a great research for you and put together a list of the 10 best countries with the highest salaries for accountants. This is here what we found.
10. United States
Average salary: Ranges from $ 41,720 to $54,680 per anum
Accounting standard: US GAAP (IFRS is permissible for foreign listed companies)
If you already live in the US, then chances are you don’t need to look elsewhere for your jobs. Chartered accountants, known in the States as Certified Public Accountants (CPAs), are among the highest-paid in the whole world. It’s a profession that is massively in demand. All of this is good news for the Americans, as well as those who are considering relocating to the United States, especially if you are planning to work in Tennessee, Oklahoma, Georgia, Texas or Michigan – judged the best states for accountants in 2021.
Accounting standard: US GAAP (IFRS is permissible for foreign listed companies)
If you already live in the US, then chances are you don’t need to look elsewhere for your jobs. Chartered accountants, known in the States as Certified Public Accountants (CPAs), are among the highest-paid in the whole world. It’s a profession that is massively in demand. All of this is good news for the Americans, as well as those who are considering relocating to the United States, especially if you are planning to work in Tennessee, Oklahoma, Georgia, Texas or Michigan – judged the best states for accountants in 2021.
9. Iceland
Salary: $55,260 or £42,170
Accounting standard: IFRS
As one of the highest-paying countries in the world, Iceland is a great place to take a start of your accounting career. Despite its small size and remote location, all of the major accountants have offices there, as well as established local practices across these island.
As like in most international accounting firms, you should have to be able to get by in English, although in order to practise as a licensed accountant, you will need to become a member of the national regulatory body of Iceland, the Félag Löggiltra Endurskodenda (FLE).
Accounting standard: IFRS
As one of the highest-paying countries in the world, Iceland is a great place to take a start of your accounting career. Despite its small size and remote location, all of the major accountants have offices there, as well as established local practices across these island.
As like in most international accounting firms, you should have to be able to get by in English, although in order to practise as a licensed accountant, you will need to become a member of the national regulatory body of Iceland, the Félag Löggiltra Endurskodenda (FLE).
8. Japan
Salary: $56,870 ( £43,400)
Accounting standard: IFRS, JMIS, US GAAP,
Japanese GAAP With a reputation as a strongly business-oriented culture, it’s no surprise that Japan is on this list. In Japan the financial and professional services sector is a key driver in the country’s economy. If you are moving to Japan as a foreign national, then your English language skills will be highly vendible, although you will also need a good working knowledge of the Japanese.
In order to register as a licensed practitioner for the Japanese Institute of Certified Public Accountants (JICPA), you will have to sit several exams, all of which are in the Japanese language.
Accounting standard: IFRS, JMIS, US GAAP,
Japanese GAAP With a reputation as a strongly business-oriented culture, it’s no surprise that Japan is on this list. In Japan the financial and professional services sector is a key driver in the country’s economy. If you are moving to Japan as a foreign national, then your English language skills will be highly vendible, although you will also need a good working knowledge of the Japanese.
In order to register as a licensed practitioner for the Japanese Institute of Certified Public Accountants (JICPA), you will have to sit several exams, all of which are in the Japanese language.
7. Austria
Salary: $56,910 ( £43,420 )
Accounting standard: IFRS As
One of Central Europe’s most financially stable countries, Austria is a prime destination for an accounting player; given its location and key financial clients in Switzerland and Germany. it’s also a smart career choice.
You’ll likely need a strong working knowledge of German before making the it to start, while you’ll also have to be a member of the Institut Österreichischer Wirtschaftsprüfer in order to practise as a CPA.
Accounting standard: IFRS As
One of Central Europe’s most financially stable countries, Austria is a prime destination for an accounting player; given its location and key financial clients in Switzerland and Germany. it’s also a smart career choice.
You’ll likely need a strong working knowledge of German before making the it to start, while you’ll also have to be a member of the Institut Österreichischer Wirtschaftsprüfer in order to practise as a CPA.
6. Luxembourg
Salary:$56,940 ( £43,450)
Accounting standard: IFRS
Given the profitable nature of the finance industry in Luxembourg, it’s perhaps very surprising that the Grand Duchy is so low down on this list. Accountants can still do very well for their career, with the country hosting several European Union institutions alongside its many banking clients.
Licensed accountants from anywhere within the European Economic Area (EEA) (including Switzerland) are allowed to practice in Luxembourg. Although sole practitioners and business owners must have to notify the government. Any knowledge of French, German or Dutch is also considered as a bonus.
Accounting standard: IFRS
Given the profitable nature of the finance industry in Luxembourg, it’s perhaps very surprising that the Grand Duchy is so low down on this list. Accountants can still do very well for their career, with the country hosting several European Union institutions alongside its many banking clients.
Licensed accountants from anywhere within the European Economic Area (EEA) (including Switzerland) are allowed to practice in Luxembourg. Although sole practitioners and business owners must have to notify the government. Any knowledge of French, German or Dutch is also considered as a bonus.
5. British Virgin Islands
Salary: max$60,140 ( £45,8900)
Accounting standard: IFRS
British Virgin Islands a small paradise island in the middle of the Caribbean Sea, a few workplaces are as desirable British Virgin Islands. With a population of just about 40,000, it’s a world away from the traditional metropolitan finance of Europe, Asia and the US. Despite its holiday vibes, the British Virgin Islands are a significant port of operations in the financial world; as a so-called tax haven, thousands of offshore business entities are registered there, ensuring there is a plenty of work available for accountants and lawyers.
Accounting standard: IFRS
British Virgin Islands a small paradise island in the middle of the Caribbean Sea, a few workplaces are as desirable British Virgin Islands. With a population of just about 40,000, it’s a world away from the traditional metropolitan finance of Europe, Asia and the US. Despite its holiday vibes, the British Virgin Islands are a significant port of operations in the financial world; as a so-called tax haven, thousands of offshore business entities are registered there, ensuring there is a plenty of work available for accountants and lawyers.
4. Bermuda
Salary: $69,130 (£52,750)
Accounting standard: IFRS (other standards are permitted)
Another British Overseas Territory is Bermuda – located in the North Atlantic Ocean, that is some 600 miles east of North Carolina . It has a population of just over 91,000 people. Beside of its unpredictable weather, the country is perhaps also known for its role as an international income tax haven (Bermudan companies do not pay corporate income tax even single a penny). Like the BVI, this offshore industry means that there are plenty of career opportunities for accountants – and a plenty of money to be made, too, with many of the accounting and professional services firms setting up operations there.
Another British Overseas Territory is Bermuda – located in the North Atlantic Ocean, that is some 600 miles east of North Carolina . It has a population of just over 91,000 people. Beside of its unpredictable weather, the country is perhaps also known for its role as an international income tax haven (Bermudan companies do not pay corporate income tax even single a penny). Like the BVI, this offshore industry means that there are plenty of career opportunities for accountants – and a plenty of money to be made, too, with many of the accounting and professional services firms setting up operations there.
3. Monaco
Salary: $71,000 (£54,170)
Accounting standard: No information available Despite its limited size (only Vatican City is smaller)
Monaco is the playground to some of the world’s wealthiest people. Monaco is another important financial location. Due to its low constraints in business, Monaco is another popular tax haven for registered companies. Monaco has also become a major banking center, with the private banking, wealth and asset management divisions of some of the world’s top banks. This, in turn, means that there is a plenty of valuation work for the accountants, while the glitz and the glamours of Monaco’s luxurious surroundings makes it an appealing place to move.
Accounting standard: No information available Despite its limited size (only Vatican City is smaller)
Monaco is the playground to some of the world’s wealthiest people. Monaco is another important financial location. Due to its low constraints in business, Monaco is another popular tax haven for registered companies. Monaco has also become a major banking center, with the private banking, wealth and asset management divisions of some of the world’s top banks. This, in turn, means that there is a plenty of valuation work for the accountants, while the glitz and the glamours of Monaco’s luxurious surroundings makes it an appealing place to move.
2. Switzerland
Salary: $88,57
Accounting standard: IFRS (other standards are permitted)
It’s little surprises that Switzerland is ranked so highly on this list for accountants. With the economy, built upon finance, banking and professional services, Switzerland is one of the most highly profitable destination for accountants. Depending on where in the Switzerland you choose to move, you will need to improve your language skills (German, French and Italian are all widely spoken in Switzerland). According to IFAC only auditors are subject to regulatory scrutiny.
Accounting standard: IFRS (other standards are permitted)
It’s little surprises that Switzerland is ranked so highly on this list for accountants. With the economy, built upon finance, banking and professional services, Switzerland is one of the most highly profitable destination for accountants. Depending on where in the Switzerland you choose to move, you will need to improve your language skills (German, French and Italian are all widely spoken in Switzerland). According to IFAC only auditors are subject to regulatory scrutiny.
1. Cayman Islands
Salary: max$89,430
Accounting standard: IFRS (other standards are also permitted)
Although there are several opinions on this list designated as tax havens, the largest – and the highest-paying for accountants – is the Cayman Islands. being another British Overseas Territory, the Islands – located just south of Cuba and the Dominican Republic. These island hosts a population of nearly 75,000, with the majority based in the capital George Town. . Of course, there is more to consider when relocating abroad than simply money. You also need to consider how it will benefiicial for your career and if it is compatible with your personal life or not. But if you are really looking to introduce a little more adventure into your career, then these locations will at the very least ensure you’re well recompensed.So What about you? And Where would you like to work? Let us know in the Feedback below.
Although there are several opinions on this list designated as tax havens, the largest – and the highest-paying for accountants – is the Cayman Islands. being another British Overseas Territory, the Islands – located just south of Cuba and the Dominican Republic. These island hosts a population of nearly 75,000, with the majority based in the capital George Town. .
Of course, there is more to consider when relocating abroad than simply money. You also need to consider how it will benefiicial for your career and if it is compatible with your personal life or not. But if you are really looking to introduce a little more adventure into your career, then these locations will at the very least ensure you’re well recompensed.So What about you? And Where would you like to work? Let us know in the Feedback below.
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