2011

    Press Release


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    Contact(s):

    Jeff May
    212-596-6122
    jmay@aicpa.org

    Putting the 'Hire' in Higher Education: Majoring in Accounting Is a Quick Path to a Good Job 

    AICPA guide gives students the inside track to a field buoyed by promising employment trends 
    Published October 14, 2011

    New York (Oct. 14, 2011)—As the economy continues to sputter, choosing the right college major can be a high-stakes, nerve-wracking exercise for many students—particularly ones who will soon be on the hook for school loan payments. But there are bright spots out there, if you do your homework. Graduates with accounting degrees, for example, enter a field projected to see employment growth of 22 percent for the decade ending in 2018, according to the Bureau of Labor Statistics.

    An updated guide from the American Institute for Certified Public Accountants (AICPA), “The Inside Track to Careers in Accounting,” gives students a glimpse into the profession and lists tips for landing that first job at a firm. It offers inside knowledge from top officials at Big 4 accounting firms, regional and midsize practices and the AICPA itself, as well as contributions from accounting professors, forensic and tax accountants at the Federal Bureau of Investigation and Internal Revenue Service, a staff accountant for HBO--even the president of the Chicago Bears, a former auditor and tax accountant.

    Written by Stan Ross, retired vice chairman of real estate industry services for Ernst & Young, and former business journalist James Carberry, the book supplies detailed job descriptions, salary ranges and an overview of different sectors within the profession, including public, corporate, government and nonprofit accounting.

    “It goes without saying that deciding on a career is one of the most important and challenging decisions you will make in life,” Ross said. “Accounting is a wonderful platform and foundation for any business career path or management career path, even if you don’t intend to go into accounting as a full-time job.”

    Hiring trends are up for the accounting profession, so the guide is a timely read for students who have yet to declare their major.  Almost 280,000 accounting and auditing jobs are projected to be added in the decade from 2008 to 2018, according to an occupational outlook report from the Bureau of Labor Statistics. The latest AICPA survey on hiring, the 2011 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits, noted a strong surge in graduate hires at both the bachelor’s and master’s degree level. Some 33,321 graduates were hired in 2010, compared to 25,488 in 2009, the survey found.

    Please give us a call if you’d like to interview the authors or obtain a review copy of the book.

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