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Accounting Courses in USA: A Complete Guide on Accounting Courses in USA for International Students

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Yocket Editorial Team
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Accounting is among the most popular degrees available to international students in the US. With several accounting courses in US being available, many are well-known and recognised worldwide. The accounting curriculum includes bookkeeping, debits, credits, taxes, financial statements, etc.

According to the QS Global Rankings 2022, ten top accounting universities in USA  are among the world's best Accounting and Finance institutes. Moreover, Accounting professionals can expect to earn a median annual salary of 70,000 USD (5,580,449 INR). Wish to know more? Keep reading as we unravel all about accounting in USA, including details like top accounting programs in USA, top accounting colleges, etc!

Table of Contents
  1. Why Study Accounting in USA?
  2. Top Accounting Universities in USA
  3. Program Overview for Accounting Courses in USA
  4. Eligibility Criteria for Accounting in USA
  5. Documents Required to Apply for Accounting Courses in USA
  6. Application Process to Study Accounting in USA
  7. Cost of Studying Accounting in USA
  8. Scholarships for Accounting in USA
  9. Career Scope of Accounting in USA
  10. Frequently Asked Questions about Accounting Courses in USA

Why Study Accounting in USA?

Accounting in USA has recently been observed to be a highly chosen discipline among the international student population, here’s why:

  • International students account for approximately 5.5 percent of the higher education population in the United States.
  • Because more than 80% of the US population speaks English, international students have no difficulty communicating.
  • According to WES data, 82% of international alumni find a suitable job within six months of completing their program.
  • According to the report, 74% of employers value a US degree more. As a result, it benefits students' careers even after they return to their home countries.
  • The 'Big Four' accounting firms have the following headquarters in the United States: Ernst & Young, Deloitte, PwC, and KPMG. These firms offer accounting postgraduates an entry-level package of 85,000 USD (6,776,259 INR).

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Top Accounting Universities in USA

Given below is the list of the best accounting colleges in the USA:

  1. University of Pennsylvania
  2. Columbia University
  3. University of Texas
  4. Northwestern University
  5. New York University

Let us now move on to know about each of these top accounting universities in USA in detail, along with their ranking, offered Accounting courses in USA, and the average tuition fees:

University of Pennsylvania

The University of Pennsylvania, private Ivy League, is a research university in Philadelphia, Pennsylvania. Penn, with four bachelor of Accounting in  USA and 12 graduate schools, provides students with an unparalleled education informed by inclusivity, intellectual rigor, and research. Penn Accounting courses include Accounting Information System, Financial Reporting and Services, managerial, Forensic and Government Accounting, Control, Audit, Assurance, etc.

QS World Ranking 2023

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 is one of the top Accounting universities in USA offering a Master's of Science in Accounting degree. This program teaches students about Accounting. Accountants earn an average of 90,000 USD (71,86,950.00 INR)annually, with a 2.64 percent annual increase.

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 ranked first in the QS World University Rankings, the University of Texas has many subject strengths. In the United States, the University of Texas at Austin McComb School of Business offers a full bachelor's, Ph.D., and master's program in personal accounting as one of the most popular accounting colleges in USA. The accounting industry in the United States generates 156 billion USD in revenue, graduates can expect the most lucrative jobs.

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

  • BBA: 51,143 USD (INR 38, 51,554)
  • MPA: 42,387.80 USD (INR 33.71 lakh)
  • Ph.D.:12,410 USD (INR 9,91,106.04)

Northwestern University

Northwestern University, located in Evanston, Illinois, is a private research university. With hundreds of labs and major grants available, you'll have plenty of chances to conduct self-directed research. The McCormick School of Accounting offers an MBA with 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 New York University thought process emphasizes the significance and central role of finance in the future and in the construction of urban environments. With this in mind, the NYU course curriculum focuses on teaching the fundamentals of accounting as well as theories and algorithms for developing autonomous intelligent individuals.

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

The accounting degree in USA consists of 30-36 credit hours that students must complete. These are divided into electives and a required well-researched thesis.

Best Accounting colleges in US

  • University of Pennsylvania
  • Columbia University
  • University of Texas
  • Northwestern University
  • NewYork University

Annual Average Tuition Fee

 

  • BSc: 49,816 USD( 39,55,714.20 INR)
  • MS: 58,720 USD( 46,62,749.68 INR)
  • PhD: 42,006 USD(33,35,549.44 INR)

Top Accounting Programs in US

  • Bachelor of Science [B.SC] Accounting
  • Master of Science [M.Sc.]/ MBA in Professional Accounting; Ph.D. in Accounting
  • Accounting Information Systems Bachelor of Science
  • Occupational Skills Award in Accounting Computer Applications
  • Advanced Certificate in Cybersecurity for Managers

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

Before applying to accounting in USA, you must be clear about the eligibility criteria for applying for the program. We have broadly divided the eligibility for accounting courses in USA for international students into the following categories:

Education Qualification

Candidates' undergraduate/12th GPA must be greater than 3.0 on a scale of 4 in order to be admitted to their desired college for a master's studies with 16 years of formal education.

English Language Requirements

For international students, the English Proficiency test is mandatory to undertake admission in any USA Accounting program. For MS in Accounting in USA, Ph.D. in accounting in USA the required IELTS is a minimum of 7.0 and a TOEFL score of 80-85.

GRE Scores

GRE scores are essential when applying for MS courses at American colleges. Most colleges require GRE scores and each has its own minimum acceptable score range. Candidates for admission to master's programs must have a good quantitative score. Some Universities do not ask for a GRE score card such as Northwestern University, Georgetown University, Brown University, The University of Illinois at Chicago, etc.

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Documents Required to Apply for Accounting Courses in USA

Here is the list of documents for admission in accounting courses in USA for international students:

  • 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)

Suggested: How to Write an SOP for Accounting and Finance?

Application Process to Study Accounting in USA

Given below is the stepwise 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 it comes to pursuing a master's in Accounting colleges in USA, one of the top preferences among students is the USA. But it is one of the costly places to study. The cost of living depends on numeral factors but important ones to consider are tuition fees and cost of living:

  • 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 500- 1000 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 Yocket premium.

Frequently Asked Questions about Accounting Courses in USA

Ques. How Can I Get an MS in Accounting in the US?

AnsUndergraduate students with 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.

Ques. What is the IELTS requirement for master's in Accounting USA?

Ans. 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.

Ques. Are there accounting master's programs for non-accounting bachelor's degree holders?

Ans. 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.

Ques. How do I become an accountant in the United States?

Ans. 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.

Ques. Which accounting course is the best in the United States?

Ans. Some best accounting courses in USA are:

  • Accounting Information Systems Bachelor of Science
  • Occupational Skills Award in Accounting Computer Applications
  • Advanced Certificate in Cybersecurity for Managers
  • Bachelor of Science in Accounting
  • Master of Science in Computer Science
  • Advanced Certificate in Sustainable Business Leadership
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