Studying accounting can be a great way to broaden your horizons and hone your skills in the field. For foreign students looking for a career in accounting, Australia and Canada are two of the top destinations.
In this article, we will discuss the eligibility requirements for permanent residency for accountants, the process, time, and cost. We will explore the accounting courses offered, the eligibility requirements for admission, and the average tuition fees. Additionally, we will delve into the career prospects for accounting graduates in these countries, including the demand for accountants in the job market and the average salaries for fresh graduates. Finally, we will discuss some tips for accounting students to help them succeed in their careers.
Accounting PR
A Permanent Residency (PR) status in Australia and Canada offers significant advantages for accountants, especially if you are looking to settle and work in the country. Accounting is a profession that’s consistently in demand in both countries. This demand makes it one of the pathways for skilled migrants to obtain accounting PR. In the next section, I will take you through what you need to know about obtaining accounting PR in these two countries.
PR in Accounting in Australia
PR in Accounting in Australia involves meeting specific requirements under the skilled migration program. Let me break it down for you:
Eligibility Requirements
1. Your Job
For accounting PR, your job needs to be on Australia’s Skilled Occupation List (SOL) or MLTSSL. Common accounting roles include:
- Accountant (General)
- External Auditor
- Management Accountant
- Taxation Accountant
2. Skills Check
Your skills must be assessed for accounting PR, so you’ll need approval from one of these organizations:
- CPA Australia
- Chartered Accountants Australia and New Zealand (CA ANZ)
- Institute of Public Accountants (IPA)
To pass, you’ll need:
- An accounting degree recognized in Australia.
- Proof of English skills
3. English Level
- For PR in accounting in Australia, you’ll need a minimum English proficiency level (competent or higher) depending on your visa type.
4. Work Experience
- Some visas may ask for prior job experience in your field.
5. Points System
- You need at least 65 points to qualify accounting PR, but higher scores (80–90) improve your chances. Points are based on:
- Age
- Work experience
- Education
- English skills
- Any studies done in Australia
Process, Time, and Fees
1. Skills Assessment
For PR in accounting in Australia, you need to send your documents to CPA, CA ANZ, or IPA for evaluation.
- Time: 6–8 weeks
- Cost: AUD 500–1,000
2. English Test
Book an IELTS, PTE, or TOEFL test.
- Cost: AUD 400–500
3. Expression of Interest (EOI)
Register in the SkillSelect system to show interest in applying.
- Cost: Free
4. Apply for a Visa
Once invited, submit your PR visa application online.
- Cost: Around AUD 4,000 – 5,000
5. Medical & Police Checks
You’ll also need health and background checks for PR in accounting in Australia.
- Cost: Medicals (AUD 200–500), Police Clearance (AUD 50–100)
How Long Does PR in Accounting in Australia Take?
- PR in accounting in Australia takes 6–18 months, depending on your case and processing delays.
How Much Does It Cost?
| Item | Cost (AUD) |
| Skills Assessment | 500–1,000 |
| English Test | 400–500 |
| Visa Application | 4,000-5,000 |
| Medical & Police Checks | 400–600 |
| Total Estimated Cost | ~6,000+ |
PR in Accounting in Canada
If Australia isn’t your thing, let me take you through how to get PR in accounting in Canada.
Eligibility Requirements
1. Job Category
- Accountants fall under NOC Code 11100 (Financial Auditors and Accountants) in Canada.
2. Education Evaluation (ECA)
- For PR in accounting in Canada, an accredited organization such as WES, ICAS, IQAS, or CES must evaluate your accounting degree.
3. Language Test
- For accounting PR, you need a minimum CLB 7 in English or French for Express Entry.
- Accepted tests: IELTS, CELPIP (English), TEF, TCF (French).
4. CRS Score (Points System)
- To be competitive, aim for a CRS score of 470+.
- Your score depends on factors like age, education, work experience, and language skills.
5. Work Experience
- At least one year of skilled work experience in accounting (Canada or overseas).
- Your duties must align with NOC 11100.
Process, Time, and Fees
1. Get Your Degree Assessed (ECA)
2. Take a Language Test (IELTS, CELPIP, TEF, or TCF).
3. Create an Express Entry Profile (Under the Federal Skilled Worker Program).
4. Wait for an Invitation to Apply (ITA) (based on your CRS score).
5. Submit Your PR Application (with the required documents).
6. Complete Medical & Police Checks.
7. Receive PR Approval & Confirmation of Permanent Residence (COPR).
How Long Does It Takes
- PR in accounting in Canada usually takes 6 to 12 months, depending on your CRS score and application process.
How Much Does PR in Accounting in Canada Cost?
- PR in accounting in Canada costs over CAD 2,500. Here’s the breakdown:
| Item | Cost (CAD) |
| Education Assessment (ECA) | 150–300 |
| IELTS/CELPIP Test | 300–350 |
| Express Entry Profile | Free |
| PR Application Fee | 1,350–2,000 |
| Medical Exam | 200–500 |
| Police Clearance | 25–100 |
| Total Estimated Cost | ~2,500+ |
Study Accounting in Australia
If you’re a foreign student looking to study accounting in Australia, there are certain things you must know. Let’s take a look at those things.
1. Duration of Accounting Courses
The duration required to study accounting in Australia typically depends on the level of the course. A bachelor’s degree in accounting courses for international students in Australia usually takes three to four years to complete, while a master’s certificate takes one to two years. Some universities also offer accelerated programs that allow students to finish their degrees in a shorter period.
2. Average Tuition Fees
Tuition fees for accounting courses for international students in Australia vary depending on the institution and location. On average, a bachelor’s degree in accounting costs between AUD 25,000 and AUD 40,000 per year. For a master’s degree, the fees range from AUD 30,000 to AUD 50,000 per year.
3. Eligibility for Admission
To be eligible to study accounting in Australia, you generally need to have completed secondary education or its equivalent and meet the English language proficiency requirement. Students must pass the International English Language Testing System (IELTS) with an overall score of 6.5 or higher.
4. IELTS Requirements
The IELTS requirement for accounting courses for international students in Australia can vary by institution. For example, the University of Melbourne requires an overall score of 6.5 for its Master of Accounting course.
5. Admission Sessions
Most universities in Australia have two main admission sessions: Semester 1 (February/March) and Semester 2 (July/August). Some universities also offer summer or winter intakes in November/December or May/June, respectively.
6. Career Prospects
The demand for accountants in Australia is high and is expected to grow in the coming years. According to the Australian Government’s Job Outlook website, the accounting profession has a projected growth rate of 9.2% over the next five years.
Accounting graduates in Australia can pursue a variety of roles, including:
- Financial Accountant
- Management Accountant
- Tax Accountant
- Auditor
- Financial Analyst
- Budget Analyst
Opportunities are available in industries such as banking, insurance, government, and non-profit organizations.
The salary for fresh accounting graduates in Australia varies based on education level, experience, and location. On average, graduate accountants earn between AUD 55,000 and AUD 75,000 per year.
With experience and additional certifications, salaries increase significantly. For example, a Certified Public Accountant (CPA) in Australia can earn between AUD 60,000 and AUD 110,000 per year.
7. Professional Year in Accounting in Australia
The Professional Year in Accounting in Australia is a job-readiness program for international accounting graduates in Australia. It helps improve job prospects and adds 5 points to your PR application under the General Skilled Migration (GSM) program.
It has several benefits, including:
- Adds 5 points to your PR application.
- Includes a 12-week internship in an accounting firm.
- Helps you network with potential employers.
- Teaches Australian workplace culture and professional communication.
To qualify for the Professional Year in Accounting in Australia, you must:
- Have completed a bachelor’s or master’s in accounting in Australia (at least 2 years).
- Hold or be eligible for a 485 Temporary Graduate Visa (Post-Study Work Stream).
- Have a minimum IELTS score of 6.0 (or equivalent in PTE/TOEFL).
Let’s look at the steps involved in completing the PYA.
- Choose a government-approved provider.
- Enroll in the 44-week program (coursework + internship).
- Complete a 12-week internship in an Australian accounting firm.
- Receive a Professional Year certificate and claim your 5 PR points.
Study Accounting in Canada
Just like Australia, Canada is another excellent option to consider as a foreign student looking to pursue a career in accounting. The country offers a range of accounting courses that cater to the diverse needs of students, from foundational courses to advanced programs.
1. Duration of Accounting Courses
The time needed to study accounting courses in Canada for international students is similar to Australia, with a bachelor’s degree typically taking three to four years and a master’s degree one to two years to complete. Some universities may offer accelerated programs for students who want to finish their degrees faster.
2. Average Tuition Fees
Tuition fees for accounting courses in Canada for international students depend on the institution and location. On average, a bachelor’s degree in accounting costs between CAD 20,000 and CAD 50,000 per year. For a master’s degree, the fees range from CAD 30,000 to CAD 60,000 per year.
3. Eligibility for Admission
For admission to study accounting in Canada, students must have completed secondary education or its equivalent and meet the English language proficiency requirement. Accepted language tests include IELTS or the Canadian English Language Proficiency Index Program (CELPIP).
4. IELTS Requirements
The IELTS requirement for accounting courses in Canada for international students can vary by university. For instance, the University of Toronto requires a minimum IELTS score of 7.0 for its Master of Management and Professional Accounting course.
5. Admission Sessions
Most universities in Canada offer two admission sessions per year: Semester 1 (February/March) and Semester 2 (July/August). Some universities also provide summer or winter intakes in November/December or May/June, respectively.
6. Career Prospects
The demand for accountants in Canada is strong, with steady job growth projected. According to the Government of Canada’s Job Bank website, the accounting profession is expected to grow by 5.8% over the next five years. Accounting graduates in Canada can explore various career paths, including:
- Financial Accountant
- Management Accountant
- Tax Accountant
- Auditor
- Financial Analyst
- Budget Analyst
There are job opportunities across industries such as banking, insurance, government, and non-profit organizations.
The average salary for fresh graduates who study accounting in Canada ranges from CAD 50,000 to CAD 80,000 per year, depending on education level, experience, and location.
With additional qualifications like the CPA designation, accountants in Canada can earn between CAD 45,000 and CAD 100,000 per year.
Tips for Accounting Career in Australia and Canada
Studying accounting in Australia and Canada can be a great way to kick-start your accounting career. However, landing a job in the field can be competitive. Therefore, it is essential to have a solid plan and strategy to set yourself apart from the competition. Below are some tips to help you succeed in your accounting career in Australia and Canada.
1. Build a Strong Network
Networking is crucial to building a successful accounting career in Australia and Canada. Connect with other accounting professionals, attend industry events, and join accounting associations to expand your network. A strong network can provide you with job opportunities, references, and valuable insights into the industry.
2. Gain Work Experience
Work experience is valuable when it comes to finding a job in accounting. Consider internships, co-op programs, or part-time work to gain practical experience in the field. This experience can help you stand out to potential employers and give you a better understanding of accounting in practice.
3. Stay Up-to-Date with Industry Trends
The accounting industry is constantly evolving, and it’s crucial to stay up-to-date with the latest trends and changes. Subscribe to industry publications, attend conferences, and join online forums to keep yourself informed. This knowledge can help you identify new job opportunities and improve your skills in the field.
4. Consider Pursuing Professional Certifications
Professional certifications can enhance your accounting career in Australia and Canada. Consider pursuing certifications such as the Chartered Professional Accountant (CPA) designation, which is recognized by employers across the country. These certifications can also help you achieve permanent residency in accounting in Australia or Canada.
5. Develop Soft Skills
In addition to technical skills, soft skills such as communication, teamwork, and problem-solving are crucial for success in the accounting field. Develop these skills by volunteering, participating in extracurricular activities, or taking courses in leadership and communication.
For instance, if you’re an international student studying accounting in Canada, participating in extracurricular activities such as student clubs or volunteering can help you develop soft skills and make connections with other students and professionals in the field.
6. Create a Strong Resume and Cover Letter
Your resume and cover letter are your first impression with potential employers. Make sure they are well-written, error-free, and tailored to the job you’re applying for. Highlight your relevant skills and experience, and include any certifications or awards you have received.
For example, when applying for a job in accounting in Australia, make sure to highlight your experience and education in Australian accounting standards and practices.
7. Leverage Technology
Technology plays an increasingly important role in the accounting industry. Stay up-to-date with the latest accounting software and tools to improve your efficiency and effectiveness in the field. Knowledge of these technologies can also help you stand out to potential employers.
Take online courses or tutorials to learn how to use popular accounting software such as QuickBooks, Xero, or Sage.
8. Seek Professional Help
If you’re unsure about anything, seek professional help from a registered migration agent or lawyer. They can guide you through the process and help you avoid common mistakes.
9. Be Patient
The process of obtaining permanent residency can be long and stressful, but it’s important to be patient and persistent. Keep track of your application status and follow up if necessary.
Conclusion
Studying accounting in Australia and Canada as a foreign student can be a lucrative opportunity. Both countries offer a range of accounting courses that cater to the diverse needs of students. Accounting graduates in these countries have excellent career prospects, with high demand for accountants in the job market and attractive salaries. Additionally, foreign students who wish to stay in Australia or Canada permanently can explore the eligibility requirements for accounting permanent residency. Overall, pursuing accounting courses in Australia and Canada can be a great way for foreign students to kick-start their accounting careers.
DISCLAIMER: Please note that the information provided on the IES Portal website is for general informational purposes only and should not be considered a substitute for professional advice. We make every effort to ensure the accuracy and timeliness of the content, but immigration laws and regulations may change. Therefore, we cannot guarantee the complete reliability or accuracy of the information presented. The content on our website is not legal or immigration advice and should be used at your own risk. We strongly advise consulting with licensed professionals before making any decisions based on the information found here. Additionally, we do not endorse any third-party organisations, services, or products mentioned on this site unless explicitly stated otherwise. By using our website, you agree to our disclaimer and its terms.
I am interest