In the UK or the USA, which is the best country to study accounting?

In the UK or the USA, which is the best country to study accounting?

The UK and USA are the world’s top places to study for international students. These two countries have the best universities in the world in terms of quality of teaching and QS rankings. The curriculum of these two countries has created a strong foundation for the students. Aspiring students who want to become something more than an accountant will find these two countries best for education. You would like to study where your skills and knowledge will be most utilized and you get a good amount of credit for them monetarily and socially. Studying accounting in the UK or USA both will expose you to the large and diverse business world. These kinds of exposure will give you a deep understanding of real-life accounting scenarios. Some of the universities have MSc accounting and finance with placement in the UK, which will help to boost your career.

The job market and the courses in accounting

The USA and the UK are considered the hub of accounting and finance. There are more than 300,000 accounting professionals in the UK who have done accountancy degrees from the UK. Some internationally recognized bodies such as ACCA, CIMA, and AAT are present in the UK. Even short-term accountancy from UK recognized bodies is valuable if you want to work here. PwC, Deloitte, EY, and KPMG who are considered as the big 4 in the industry have offices here.

The USA has some of the largest banks like JP Morgan Chase, Bank of America, or Wells Fargo where international students end up having a job. The financial services-related works and the jobs are very prestigious in the USA. Studying accounting in the USA opens up a lot of opportunities for international students as the number of small and medium businesses are on the rise. Accountancy and finance jobs are also one of the highest paying jobs in the USA. The country is also famous for its flexible laws towards businesses. As per one study, students with higher ambitions generally choose accountancy and business studies as their choice of subject for higher studies.

One thing that every international student should know is that the best accounting courses from the USA or the UK will give you recognition as a global accountant.

The cost of living in the UK and USA

If you choose to study in the UK then you also should consider the expenses associated with living there. As we all know that the USA and UK are the best places to study accounting but it is also one of the most expensive places to stay. Business, accounting courses in the UK and USA are rewarding for everyone but the living expenses are also in these countries. One of the best ways to reduce the expense for international students is by living in suburban areas or somewhere outside of the city.

One of the most important things to remember here is that the business and accounting studies will take around 4 to 3 years to complete depending on the course in the UK and USA. Studying accounting in the UK or the USA will be a costly adventure if you are not prepared properly. You should also check your health insurance before you land in another country. One thing to note here, if you are willing to finish your studies faster than the UK can be a good option for you.

Know your market

Even if you have decided to come back to your country after you finish your degree you need at least some work experience at the beginning. This is why you need to understand the job market and the salary standards. In the end, you need to have a better ROI on your investment than others because you will be spending more. As per industry standards, an entry-level accountant in the UK will have an average salary of £41,500 at the beginning of their career. Experienced accountants may get hired with a salary of £58,250. On the contrary, in the USA an entry-level accountant gets a salary of $45,000 and after gaining some experience they can claim a salary of $88,000 - $90,000. The salary may differ due to years of experience.

Popular Accountancy courses in the UK and USA

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Chartered Public Accountant (CPA)

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Financial Planner

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Auditor

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Bachelor Of Professional Accounting

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MSc accounting

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Forensic Accountant

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Tax Accountant

Will Lewis

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