
For international students in the US, accounting stands as one of the most sought-after majors. A wide array of accounting programs are available in the US, most of which enjoy strong global recognition and prestige. The academic framework covers topics such as bookkeeping, debits, credits, taxation, and financial statements.
Based on the QS Global Rankings 2024, ten premier accounting institutions in the USA rank among the finest Accounting and Finance schools worldwide. Additionally, accounting professionals can anticipate a median yearly income of 70,000 USD (5,580,449 INR). Want to learn more? Read on as we explore everything concerning accounting in the USA, covering topics like leading accounting degrees in the USA, top-tier accounting schools, and more!
Why Study Accounting in USA?
Why Study Accounting in the USA?
Accounting in the USA has increasingly become a preferred field of study among international students, and here is the reason why:
- International students make up roughly 5.5 percent of the total higher education enrollment in the United States.
- Since over 80% of the US populace communicates in English, overseas students experience zero communication barriers.
- As indicated by WES statistics, 82% of international graduates secure appropriate employment within six months of finishing their studies.
- According to survey findings, 74% of employers place a higher value on a US qualification. Consequently, it aids students' professional journeys even after moving back to their home countries.
- The Big Four accounting firms maintain their US headquarters at the following locations: Ernst and Young, Deloitte, PwC, and KPMG. These organizations provide graduate accountants with starting salaries of 85,000 USD (6,776,259 INR).
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Top Accounting Universities in USA
Top Accounting Universities in the USA
Presented below is a compilation of the finest accounting schools across the USA:
- University of Pennsylvania
- Columbia University
- University of Texas
- Northwestern University
- New York University
Let us now proceed to examine each of these leading accounting universities in the USA thoroughly, alongside their standings, available accounting programs in the USA, and average tuition costs:
University of Pennsylvania
As a private Ivy League institution, the University of Pennsylvania is a research-focused university situated in Philadelphia, Pennsylvania. Offering four undergraduate accounting degrees in the USA and 12 graduate institutions, Penn equips learners with a world-class education rooted in diversity, academic rigor, and research. Penn accounting curricula feature Accounting Information Systems, Financial Reporting and Services, Managerial Accounting, Forensic and Government Accounting, Control, Auditing, and Assurance, among others.
|
QS World Ranking 2024 |
13 |
|
Popular Programs |
Accounting BS, MBA Accounting |
|
Program Duration |
BS: 3 Years, MBA: 2 years |
|
Average Fees Per Year |
BS: 51,143USD (INR 38, 51,554), MBA: 80,072.85 USD (63.69 lakhs INR) |
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Columbia University
Columbia University ranks among the premier accounting institutions in the USA, granting a Master of Science in Accounting qualification. This curriculum educates students thoroughly in the field of accounting. Accountants achieve an average yearly income of 90,000 USD (71,86,950.00 INR), experiencing a 2.64 percent annual growth.
|
QS World Ranking 2023 |
19 |
|
Popular Programs |
Master of Science in Accounting and Fundamental Analysis, Insurance Management |
|
Program Duration |
1-1.5 years |
|
Average Fees Per Year |
62,849.65 USD (50 lakhs INR) |
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University of Texas, Austin
Currently holding a top position in the QS World University Rankings, the University of Texas excels across numerous academic disciplines. Within the United States, the McCombs School of Business at the University of Texas at Austin delivers complete bachelor's, doctoral, and master's degree programs in professional accounting as a prominent accounting institution in the USA. With the US accounting sector generating 156 billion USD in earnings, graduates can look forward to the most rewarding career opportunities.
|
QS World Ranking 2023 |
67 |
|
Popular Programs |
BBA, Master of Professional Accounting, Accounting Phd. |
|
Program Duration |
BBA: 4 years, MPA: 1 year, P.hD: 3-5 years |
|
Average Fees Per Year |
|
Northwestern University
Situated in Evanston, Illinois, Northwestern University is a private research institution. Featuring numerous laboratories and substantial grant funding accessible, students receive ample prospects to pursue independent research. The McCormick School of Accounting presents an MBA program featuring an Accounting Major in the USA.
|
QS World Ranking 2023 |
30 |
|
QS MS Accounting Ranking 2023 |
|
|
Popular Programs |
MBA with Accounting Major, Accounting Information & Management |
|
Program Duration |
1.5-2 years, Ph.D.: 3-5 years |
|
Average Fees Per Year |
MBA: 72,930.19 USD (58 Lakh INR) Ph.D.: 12,410 USD (INR 9,91,106.04) |
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New York University
The academic philosophy of New York University highlights the importance and central function of finance in the future as well as in shaping urban landscapes. With this perspective, the NYU syllabus concentrates on imparting core accounting principles alongside theories and algorithms designed to cultivate autonomous intelligent professionals.
|
QS World Ranking 2023 |
42 |
|
Popular Programs |
BSc in Accounting, Master of Science in Accounting, Ph.D. |
|
Program Duration |
BSc:3 years, MS: 1 year, Ph.D.: 3-5 years |
|
Average Fees Per Year |
BS: 51,143USD (INR 38, 51,554) MS: 56,957.55 USD(45.30 lakhs INR) PhD:12,410 USD (INR 9,91,106.04) |
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Program Overview for Accounting in USA
Program Overview for Accounting in the USA
An accounting degree in the USA comprises 30 to 36 credit hours that participants must successfully finish. These are split between elective classes and a mandatory, thoroughly investigated thesis project.
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Best Accounting colleges in US |
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|
Annual Average Tuition Fee
|
|
|
Top Accounting Programs in US |
|
|
Course Duration |
BSc: 3-4 years MS/MSC: 1-2 years PhD: 3 - 5 years |
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Eligibility Criteria for Accounting in USA
Eligibility Criteria for Accounting in the USA
Prior to applying for accounting programs in the USA, you must understand the admission requirements clearly. We have broadly categorized the prerequisites for accounting courses in the USA for international applicants into the following areas:
Educational Qualification
Applicants must maintain an undergraduate or 12th-grade GPA higher than 3.0 on a 4-point scale to gain entry into their preferred institution for graduate studies, backed by 16 years of prior formal schooling.
English Language Requirements
Demonstrating English proficiency is compulsory for all international students seeking admission to any US accounting curriculum. For an MS in Accounting or a Ph.D. in Accounting in the USA, the minimum required IELTS score is 7.0, alongside a TOEFL score ranging from 80 to 85.
GRE Scores
GRE results play a vital role when submitting applications for MS programs at American universities. Most institutions mandate GRE scores, each establishing its specific minimum acceptable threshold. Applicants seeking entry into master's courses need to secure a strong quantitative result. Certain universities do not request a GRE score card, such as Northwestern University, Georgetown University, Brown University, The University of Illinois at Chicago, and others.
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Documents Required to Apply for Accounting Courses in USA
Presented below is the checklist of paperwork needed for international students seeking admission to accounting courses in USA:
- Passport (with at least six months validity)
- Visa fee receipt SEVIS-Fee payment receipt
- Form DS-160, from a US institution
- Provisional certificates or original marks sheets
- Score sheet for standardized exams taken in preparation for study in the United States.
- Sufficient funds are available.
- Appointment letter for a visa (original as well as copy)
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Application Process to Study Accounting in USA
Outlined below is the step-by-step detailed application procedure to study accounting in USA:
- The application process is completed online. Students must keep track of admission dates and deadlines.
- To avoid any delay, scanned and Students should keep original copies of each document on hand.
- Fill out the application form, include a photograph, and bring a printout to the interview.
- Arrange your interview at the Consulate or Embassy for 160 USD (INR 11,895).
- Bring all required documents to the interview.
- Attend the interview and await the authorities' decision.
- When your visa is approved, you will pay the issuance fee and plan your trip accordingly.
- Pay your deposit by agreeing to the university's terms and conditions to get admission into the best Accounting programs in the US. Remember that the deposit is non-refundable in this case.
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Cost of Studying Accounting in USA
When considering a master's in Accounting colleges in USA, the USA remains a primary choice for many scholars. Nonetheless, it counts among the expensive study destinations. Expenses for living rely on multiple elements, though the key ones to account for are tuition fees and living costs:
- The tuition fee is different for each program at the best Accounting Universities in USA but on average it costs 31,000 to 55,000 USD ( 24,61,065.20- 43,66,406 INR) per year.
- The cost of living in USA differs for each student depending upon students’ lifestyles. But on average, the average yearly cost of living is 5,000- 10,000 USD(39,649.58- 79,305.75 INR) including housing, food, travel, stationery, recreational activities, etc.
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Scholarships for Accounting in USA
If you are planning to pursue Accounting in USA, so for international students and financial aid are provided by several universities, here are the popular scholarships in USA for Indian students:
|
Scholarship |
Awarded to |
Award (in USD) |
|
BeArt Presets-Academic Scholarship |
International students undertaking postgraduate, graduate or research study within agriculture, arts, education, environment, humanities, and social sciences, public health, and science and technology |
2000 USD (1,58,574.20 INR) |
|
Robert S. McNamara Fellowship Program |
PhD scholars |
25,000 USD(19,82,273.75 INR) |
|
Central Sector Scheme of National Overseas Scholarship |
low-income students belonging to the Scheduled Castes, Denotified Nomadic and Semi-Nomadic Tribes, Landless Agricultural Laborers, and Traditional Artisans category to obtain higher education. |
16,920 USD (12,48,019 INR)
|
|
Debesh Kamal Scholarship |
All the undergraduate, graduate, and doctoral programs |
1,385 USD (1,09,794.70 INR) |
|
JN Tata Endowment Scholarship |
All the graduate and doctoral programs |
Tuition fee and living cost
|
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Career Scope of Accounting in USA
After completing an accounting degree in USA, students have several options, including working at large multinational corporations or as professors in educational institutions, etc. There is a huge Accounting scope in USA. We have listed some popular job profiles with their yearly salary ranges:
|
Job Title |
Average Salary Per Annum (in USD) |
|
Loan Officer |
60,632 (48.24 lakhs INR) |
|
Cost Estimator |
61,587 (49 lakhs INR) |
|
Purchasing Manager |
65,013 (51.72 lakhs INR) |
|
Insurance Underwriter |
66,421 (52.84 lakhs INR) |
|
Accountants and Auditors |
67,326 (53.56 lakhs INR) |
|
Budget Analysts |
73,196 (58.23 lakhs INR) |
|
Financial Examiner |
77,107 (61.35 lakhs INR) |
|
Financial Analyst |
82,386 (65.55 lakhs INR) |
|
Personal Financial Advisor |
85,490 (68.02 lakhs INR) |
|
Financial Manager |
1,19,500 (95.08 lakhs INR) |
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We have deep dived into all the important details of Accounting in USA ranging from eligibility criteria to job opportunities of the best colleges for Accounting in USA. If you have any further questions about details of Accounting in USA, please write to us in the comment below. We will help you out. To get further guidance and assistance in your admission process, get our Ashiraj Premium.
Frequently Asked Questions
How Can I Get an MS in Accounting in the US?
<p>Undergraduate students holding commerce degrees can apply for master's programs in Accounting in the United States. As specified by universities, they will need a certain percentage of marks in their undergraduate courses. They also require GRE scores (in some cases) and English proficiency test results (TOEFL or IELTS). You must apply online at the websites of leading universities while submitting all required documents, including the LOR and SOP. After receiving an acceptance letter from your institution, you can begin the visa process.</p>
What is the IELTS requirement for master's in Accounting USA?
<p>The IELTS requirement for Accounting in USA varies across universities. However, you must have a minimum score of 7 to make it to the top universities.</p>
Are there accounting master's programs for non-accounting bachelor's degree holders?
<p>Yes, the University of Kansas, the University of North Carolina, Florida State University, and the University of Virginia offer master's degrees in accounting. These cover students who do not study accounting for their bachelor's degree.</p>
How do I become an accountant in the United States?
<p>To become a Certified Public Accountant (CPA), a candidate must pass the American Institute of Certified Public Accountants' exams (AICPA). The AICPA administers a uniform exam that is the same in all 55 states in the United States.</p>
Which accounting course is the best in the United States?
<p>Some best accounting courses in USA are: 1) Accounting Information Systems Bachelor of Science 2) Occupational Skills Award in Accounting Computer Applications 3) Advanced Certificate in Cybersecurity for Managers 4) Bachelor of Science in Accounting 5) Master of Science in Computer Science 6) Advanced Certificate in Sustainable Business Leadership</p>
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