Job Outlook survey shows positive trends for accounting graduates

The National Association of Colleges and Employers (NACE) recently conducted its annual Job Outlook 2011 survey and found that hiring trends for 2011 graduates are looking positive. Some industries expect to hire more and employers reveal which majors they gravitate toward.

The survey conducted by NACE reveals that employers are especially interested in students who majored in business, computer science, and engineering. These degrees, that can often be earned from online universities, which can be extremely convenient, can be beneficial to students since they are broad enough to encompass many careers but specialized enough to make the student an asset.

The NACE survey found that 62 percent of employers plan to hire accounting majors this year and 57 percent plan to hire finance majors. Accounting and finance majors can work as accountants at large firms or corporations. Or they can even work in small business and non-profits. Some specialize in specific types of accounting or even taxes.

With this kind of flexibility, accounting and finance graduates may have more options than majors in other fields.

The NACE survey also revealed that 52 percent of employers would like to hire business administration or management majors. This major prepares students to enter management-level jobs in almost any industry.

However, while certain industries are planning to hire students with these degrees, that is not all the good news the survey brings. The NACE research also shows that in 2011, employers are planning to hire 13.5 percent more new bachelor's degree program graduates than they did from the class of 2010.

These findings are in line with the U.S. Bureau of Labor Statistic's projected job growth for 2008 to 2018. The bureau predicts that some of the jobs to be in higher demand in the next several years include: retail salespersons, office clerks, accountants and auditors, bookkeepers, accountants, auditing clerks, and computer software engineers (applications), just to name a few.
 

You may like these other stories...

Event Date: August 21, 2014, 2 pm ETMeet 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...
Event Date: August 20, 2014, 2:30 pm ETIn this session we'll review best practices for how to generate interest in your firm’s services. Topics include:Web Based Marketing StrategiesAppointment SettingNetworking...
Recently, there has been a lot of buzz about the future of continuing professional education (CPE). The American Institute of CPAs (AICPA) created a task force on the Future of Learning with an accompanying fancy website. In...

Upcoming CPE Webinars

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.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.