Accounting Job Market is Picking Up

When the economy takes a downturn, people turn to the number crunchers to make things better. This translates into more and better jobs for those with a financial background. Enter the accountants. As business schools are decrying the decline in attendance in their accounting programs, the need for those who can generate and understand the numbers is growing.

Many graduates are reporting multiple job offers and ease of finding jobs in this troubling economy. "Everyone has to be more concerned about [their company's] bottom line, and they need the people who understand that," said Tammy DeMell, corporate communications manager for, an on-line job search service, has seen a 27 percent increase in nationwide job postings for accounting jobs in the past three months. That number increases exponentially in big cities. In the past three months, shows the following increases in accounting job postings:

Boston - 272%
New York - 177%
Washington D.C. - 143%
Chicago - 134%
Los Angeles - 134%
San Francisco - 131%

Meanwhile, attendance is dropping in college accounting programs across the country. Analysts attribute the trend to a greater perception that accounting work is boring, the feeling that graduates can make more money in other fields, and the added deterrent of the recent adoption of a 150-hour rule by many states.

As a result of the lowered attendance and the weakened economy, accounting graduates are finding that job opportunities abound. Bill Eremia, staffing manager for Accountemps, a division of Robert Half International, Inc., explained the phenomenon this way: "The expanding rule of accounting and finance professionals has opened up new career options. Their role has become more strategic and consultative. They are no longer crunching numbers in the back office. Now they not only collect and process information, but also analyze and interpret it and convey what they have found to key decision-makers from the company CFO to the board of directors."

You may like these other stories...

For the first time since 2006, more than 50 percent of CFOs believe the US economy will show signs of improvement over a six-month span rather than remain the same or worsen, according to a new study from Chicago-based...
By Jason Bramwell, Staff Writer CPAs in New Jersey, New York, and Pennsylvania believe economic conditions in the United States will likely be the same one year from now, and while they predict higher business revenues...
By Jason Bramwell Managers in accounting, finance, and IT are cautiously optimistic about their hiring plans for the fourth quarter of 2013, according to a new hiring outlook survey from staffing firm Brilliant. ...

Upcoming CPE Webinars

Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.