The Top Accounting Employers for the Class of 2002

Even though the nation's job market may still be in the clutches of the economic recession, The Black Collegian magazine says there are a number of career opportunities awaiting the class of 2002.

The magazine contacted major employers in business, industry, and government to learn where the jobs are. It found several accounting firms are among the employers with the highest projected number of jobs. Included in the top ten were Deloitte & Touche with 1,806 jobs, KPMG LLP with 1,400 jobs and Andersen with 554 jobs.

Accounting was the second highest of the majors in demand this year, with projected combined opportunities for bachelors' and masters' degree recipients as follows:

  • Business administration - 5,353 opportunities
  • Accounting - 2,970 opportunities
  • Liberal arts - 2,607 opportunities
  • Marketing - 2,601 opportunties
  • Computer science - 1,708 opportunities

The Black Collegian also ranked leading employers within each major. For accounting, KPMG ranked first, followed by Deloitte & Touche and the U.S. Air Force.

Other findings confirm the job market prospects for the class of 2002 will not be as positive as they were during the past five years. Employers reduced hiring by 35% to 45% during the spring. Confidence in the economy has weakened from last year as a result of the September 11 terrorist attacks, and companies are dealing with excess capacity in their ability to provide goods and services. As a result, layoffs during the fall ran ahead of the large layoffs experienced during the early 1990s.

According to Michigan State University's annual "Recruiting Trends" survey, employers will hire 6% to 13% below last year's adjusted levels. Starting salaries will move upward by 1% to 3% with some realignment of the high end of the salary ranges.

-Rosemary Schlank

You may like these other stories...

Here's a CPA who truly walks the walk. On March 15, Frank Ryan, CPA, departed San Diego, California, with plans to be in Ocean City, Maryland, by July 2 to teach a course at the Maryland Association of CPAs’ (MACPA...
When Theodore J. Flynn first joined the Massachusetts Society of CPAs (MSCPA) in 1970, it was a different world and a different profession.  The "Big Eight" were still headquartered in Boston. Vietnam War...
Accountant Rickey Charles Goodrich had it a little too good. Many bean counters would kill to serve as financial guru to the likes of Pearl Jam. Goodrich was hired in 2005, and the following year, he became the CFO of Curtis...

Already a member? log in here.

Editor's Choice

Upcoming CPE Webinars

Nov 24This webcast presents basic principles of revenue recognition, including new ASU 2014-09 for the contract method. Also, CPAs in industries who want a refresher on revenue accounting standards will benefit.
Dec 3The materials discuss the concepts and principles in the AICPA’s new special purpose framework.
Dec 9A key component to improving your firm’s workflow efficiency while enhancing your profitability at the same time is how you leverage emerging technologies.
Dec 9Kristen Rampe will cover how to diffuse the tension in challenging situations in this one-hour webinar.