In this article, we will look at the 5 highest paying countries for accountants. We have also discussed key trends in the accounting industry and have analyzed the key players’ impact on the accounting professionals. If you are interested in reading about that along with a more extensive list, head straight to the 17 Highest Paying Countries for Accountants.
5. Belgium
Average Salary: $74,290
Accounting is a crucial pillar of Belgium’s professional landscape that resonates particularly well in cities like Antwerp, Brussels, Ghent, Groot-Bijgaarden, and Zaventem. With a staggering 700,000 company cars in circulation, adept accountants navigate intricate tax regulations in Belgium that makes them indispensable in optimizing fiscal strategies. The demand for accountants remains consistently high as only 31% of advertised accounting positions during covid-19 have been filled.
4. United Kingdom
Average Salary: $77,650
With an average salary of around $77,650, accountancy as a profession in the UK offers a recession-proof and dynamic career path, even serving as a launchpad for CEOs. To become an accountant involves choosing a training route, acquiring necessary skills like numeracy and communication, obtaining qualifications such as AAT or chartered certifications, and potentially specializing in fields like management, auditing, or industry-specific expertise. UK is also known as a country that pays the highest salaries to ACCAs.
3. United States
Average Salary: $84,564
According to BLS, there are around 1,402,420 accountants in the US with hourly wages ranging from $23.35 to $63.79. The highest levels of employment are in industries like accounting, tax preparation, bookkeeping, payroll services, management of companies and enterprises, and local government. Top-paying areas include media streaming distribution services, computer and peripheral equipment manufacturing, and web search portals. US is one of the highest paying countries for accountants.
2. Luxembourg
Average Salary: $94,698
In Luxembourg, individuals that wish to work as accountants must obtain a business permit, which is granted based on qualifications and professional integrity. The applicant should have a technical secondary school graduation diploma in the administrative and commercial division or equivalent, along with three years of practical professional experience in the industry and at least one year with a qualified accountant, chartered accountant, or auditor in Luxembourg. Accountants are limited to bookkeeping activities like preparing balance sheets, and tax returns for legal entities and individuals.
1. Switzerland
Average Salary: $110,771
To become a CPA in Switzerland, an individual must obtain a bachelor’s degree in accounting or a related field and fulfill the 150-hour rule. Passing the CPA exam which is divided into four sections, is a critical requirement. It is also pertinent to gain relevant work experience under the guidance of a licensed CPA. The state’s Board of Accountancy oversees the licensing process, which entails submitting an application along with fees. Maintaining the CPA license necessitates completing Continuing Professional Education (CPE) credits and actively participating in the accounting community through networking and involvement in professional organizations. Switzerland is the highest paying country for accountants.
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