The 43-year-old is currently in Scotland, where his wife is based, after leaving his job as the head coach of Cape Town in 2019 but he is not closing the doors on a return to the touch line.
However he does feels being black might go against him getting a job in Europe.
“In Europe its hard as we’ve literally got none (black coaches) if you ask me, just maybe Chris Hughton at Nottingham Forest and then there is Darren Moore, at Doncaster Rovers,” he added.
“The reason for me is the lack of opportunities given, look at history and see how many black coaches have been given opportunities in the past.
“Look at a player like Mason Mount, if he hangs up his boots and wants to coach the path is clear, he is able look to up to someone like Lampard, how many people can black boys look up to? There is your answer.
“When I was young, I use to love Andy Cole and wanted to be like him, modelled my game around his game and looked up to him and I think I did well for myself.
“When it came to being a coach, I had no one to look up to so I had to watch a movie, (We Are The Titans) where Denzel Washington played the role of an American football coach. That is what inspired me, so you see, where are the black coaches to look up to.”
McCarthy holds the record as South Africa’s highest goal scorer with 32 goals and wants to add coaching the national team to achievements in future.
“The Bafana Bafana coaching job is my ambition it’s my dream it’s my ultimate but until then, I’m happy to be able to contribute in, any shape or form to the game,” he added.
