Did you know that the Bureau of Labor Statistics projects a 6% increase in the employment of accountants and auditors in the USA from 2022 to 2032?
The United States boasts a dynamic and thriving accounting industry that emphasises financial integrity and reporting. Home to leading financial markets and renowned accounting firms, the U.S. offers a rich landscape for aspiring accountants.
Graduates from American accounting programs are in high demand and have a proven track record of successful careers. The industry is experiencing significant growth fueled by regulatory changes, economic expansion, and an increasing emphasis on transparency and accountability.
American accounting schools offer a diverse range of specialisations, catering to various interests and career paths. Students can explore:
- Financial Accounting
- Auditing
- Taxation
- Forensic Accounting
The American Institute of Certified Public Accountants (AICPA) is a leading professional organisation representing accountants' interests nationwide. The U.S. accounting industry is characterised by diversity, with many women and underrepresented groups making significant contributions to the field.
Let’s look at the requirements for a Master in Accounting in the USA in brief:
| Category | Details |
| No. of Universities for MS in Accounting in USA | 100+ |
| Course Duration | 1-2 years |
| Approximate Annual Study Cost in MS in Accounting in USA | INR 25,20,000 - 50,40,000 (USD 30,000 - 60,000) |
| Approximate Monthly Cost of Living in the USA | INR 1,42,800 - INR 3,10,800 (USD 1,700 - USD 3,700) |
| Minimum IELTS Score for Master’s in Accounting in the USA | 6.5 |
| Minimum TOEFL Score for Master’s in Accounting in the USA | 90 |
| Top 3 Universities | |
| Salary Range | INR 42,00,000 - 67,20,000 (USD 50,000 - 80,000) per year |
Why Study Masters in Accounting in USA?
The USA is a premier destination for pursuing a Master’s in Accounting. It offers a blend of high-quality education, industry connections, and diverse career opportunities.
Here is why you should pursue education in USA (accounting):
- Top-Ranked Programs: American universities like Stanford, MIT, and Harvard consistently rank under Top 20 by QS Rankings among the best globally, offering state-of-the-art facilities and a comprehensive education in accounting.
- Industry Connections: The USA hosts leading accounting firms such as Deloitte, PwC, and Ernst & Young, providing students with valuable internship and networking opportunities that can lead to lucrative job offers post-graduation.
- Innovative Curriculum: U.S. programs emphasise contemporary accounting practices, including forensic accounting, taxation, and auditing, ensuring students are well-prepared for the evolving industry landscape.
- Cultural Experience: Studying in the USA allows students to experience a diverse cultural environment, enriching their personal and professional growth and broadening their global perspective.
- Career Prospects: Graduates from U.S. accounting programs are highly sought after worldwide. Many secure top-firm positions and earn competitive salaries ranging from INR 42,00,000 - 67,20,000 (USD 50,000 - 80,000) per year due to the rigorous training and extensive alumni networks.
Which are the Top 10 Universities for Masters in Accounting in the USA?
The USA is home to some of the world’s leading universities, renowned for their rigorous academic programs and outstanding accounting faculty.
| Did you know that QS Ranking places 16 universities in the USA under the top 50 universities worldwide? |
Pursuing a Master's in Accounting in the USA provides students with a comprehensive education, access to top-tier resources, and extensive networking opportunities, all essential for a successful career in accounting and finance.
Here is a list of the top universities in the USA for Masters in Accounting:
| University | QS World Ranking 2025 | Average Tuition Fee (INR/USD) |
| Massachusetts Institute of Technology (MIT) | #1 | INR 54,60,000 (USD 65,000) |
| Harvard University | #4 | INR 50,40,000 (USD 60,000) |
| Stanford University | #6 | INR 42,00,000 (USD 50,000) |
| University of Pennsylvania | #11 | INR 33,60,000 (USD 40,000) |
| University of California, Berkeley | #12 | INR 46,20,000 (USD 55,000) |
| Princeton University | #22 | INR 37,80,000 (USD 45,000) |
| Yale University | #23 | INR 40,32,000 (USD 48,000) |
| Columbia University | #34 | INR 46,20,000 (USD 55,000) |
| University of California, Los Angeles (UCLA) | #42 | INR 44,52,000 (USD 53,000) |
| University of Michigan, Ann Arbor | #43 | INR 37,80,000 (USD 45,000) |
Note: The costs provided are approximate and can fluctuate based on changing currency exchange rates.
What are the Admission Requirements for a Master’s in Accounting in the USA?
Pursuing a Master's in Accounting in the USA is a prestigious and demanding endeavour that requires meticulous planning and preparation.
Prospective students must also provide a well-crafted personal statement and letters of recommendation to demonstrate their commitment and suitability for these rigorous programs.
Here's a breakdown of the application requirements:
General Requirements:
- Bachelor’s Degree: A U.S. bachelor's degree or equivalent from an accredited institution.
- Work Experience: Some programs may prefer or require professional work experience.
- English Proficiency: For international students, proof of English language proficiency through TOEFL, IELTS, or other accepted exams.
Document Requirements:
- Academic Transcripts: Official transcripts from all previously attended universities.
- GMAT or GRE Scores: Many programs require these standardised test scores, but some may waive them based on work experience or academic performance.
- GMAT: 650+
- GRE: 307+
- Letters of Recommendation: Typically, two to three letters from academic or professional recommenders.
- Resume or CV: Outlining academic and professional experience.
- Essays or Personal Statements: Often required to express career goals and fit with the program.
Visa Requirements:
- F-1 Student Visa: Required for international students.
- I-20 Form: Issued by the university, necessary for visa application.
- Proof of Financial Support: Evidence of sufficient funds to cover tuition and living expenses.
Work Permit (Optional Practical Training - OPT):
- Post-Completion OPT: Allows up to one year of post-graduation work authorisation in a field related to the degree.
- Specific eligibility criteria and application procedures apply.
What is the Cost of Studying a Master’s in Accounting in the USA?
Studying for a Master’s in Accounting in the USA typically costs between INR 25,20,000 and 50,40,000 (USD 30,000 and USD 60,000). Various factors affect the tuition fees, such as whether the institution is private or public and its location.
Prospective students should consider these factors when planning their education budget. Additionally, scholarships and financial aid options are available to help mitigate these costs.
What is the Cost of Living in the USA?
The cost of living in the USA varies by city and lifestyle. On average, students should budget for essentials such as food, rent, transport, and other expenses.
Here’s a breakdown of typical monthly expenses:
| Expense | Estimated Cost (USD) | Estimated Cost (INR) |
| Food | USD 400 - USD 600 | INR 33,600 - INR 50,400 |
| Rent | USD 1,000 - USD 2,500 | INR 84,000 - INR 2,10,000 |
| Transport | USD 100 - USD 200 | INR 8,400 - INR 16,800 |
| Other Expenses | USD 200 - USD 400 | INR 16,800 - INR 33,600 |
| Total Amount | USD 1,700 - USD 3,700 | INR 1,42,800 - INR 3,10,800 |
Note: The above costs are approximate and fluctuate based on changing currency exchange rates.
What are the Scholarships for Master’s in Accounting in the USA?
Indian students pursuing a Master’s in Accounting in the USA can access various scholarships to help alleviate the financial burden. These scholarships are awarded based on merit, need, and other specific criteria.
Here are the top scholarships for Indian students seeking a master's in accounting in the USA.
| Name of Scholarship | Type of Scholarship | Award Amount |
| Fulbright-Nehru Master’s Fellowships | Merit and Need-Based | Tuition, living expenses, and more |
| Inlaks Shivdasani Foundation Scholarships | Merit-Based | Up to USD 100,000 (INR 84L) |
| Stanford Reliance Dhirubhai Fellowship | Need-Based | Covers tuition and associated fees |
| AAUW International Fellowships | Women Students | USD 18,000 (INR 15L) - USD 30,000 (INR 25L) |
| TATA Scholarship for Cornell University | Need-Based | Covers full tuition and fees |
Note: The above costs are approximate and fluctuate based on changing currency exchange rates.
What are the Top Jobs After a Master’s in Accounting in the USA?
Graduates with a Master’s in Accounting in the USA have numerous career opportunities in diverse sectors, thanks to the country's robust financial and corporate landscape.
Here are the top jobs MS in Accounting graduates can pursue in the USA per annum.
| Job Sector | Average Salary (INR) | Average Salary (USD) |
| Public Accounting | INR 42,00,000 | USD 50,000 |
| Corporate Accounting | INR 50,40,000 | USD 60,000 |
| Financial Analysis | INR 46,20,000 | USD 55,000 |
| Auditing | INR 42,00,000 | USD 50,000 |
| Tax Advisory Services | INR 50,40,000 | USD 60,000 |
| Management Consulting | INR 58,80,000 | USD 70,000 |
Note: The above costs are approximate and fluctuate based on changing currency exchange rates.
Which are the Top Recruiters after a Masters in Accounting in the USA?
Leading companies across various industries, highly sought-after graduates with a Master’s in Accounting in the USA.
Here are some of the top companies that recruit MS in Accounting graduates in the USA:
- Deloitte
- PricewaterhouseCoopers (PwC)
- Ernst & Young (EY)
- KPMG
- BDO International
- Grant Thornton
- RSM International
- McKinsey & Company
- Goldman Sachs
- JPMorgan Chase
