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Study: Business careers in accounting to grow after recession
Updated: Friday, October 23rd, 2009
Recent graduates of bachelors or masters programs in business may be qualified for an influx of positions in the accounting sector after the recession ends.
A new study from CCH, a tax, accounting and audit service provider, found 56 percent of accounting firms surveyed plan to increase hiring after the economy recovers.
Because accounting companies fared relatively well during the economic downturn, only 4 percent of respondents said their older employees have deferred retirement. As a result, positions currently filled by seasoned accounting professionals will soon become available.
However, many accounting firms expressed concern that new employees will not have the proper training or skills to take on the workloads of the retirees.
Mike Sabbatis, president of CCH, said these findings indicate "firms should be considering right now what they need to do to win the talent war as the economy heats up."
Individuals wishing to compete for jobs that require education and experience enroll in associates, bachelors or MBA programs in accounting to enhance their qualifications. The demand for accountants and auditors, whose median annual earnings were $54,630 in 2006, is expected to grow by 18 percent over the next seven years.
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