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Source: The CPA Letter
Following is a summary of The Supply of Accounting Graduates and the Demand for Public Accounting Recruits, reproduced from The CPA Letter.
- Enrollments in accounting programs continue to climb. For the four-year period 2000 to 2004, enrollments are up 19% (to 171,000 in 2004.)
- Since 2000, accounting graduates are up 19%.
- The increase in enrollments from 2003 to 2004 was 1.5%.
- From 2003 to 2004, the number of bachelor’s degree recipients (40,400) increased 9%.
- From 2003 to 2004, the number of master’s degrees awarded (13,350) increased 5.4%.
- In 2004, 55% of accounting bachelor’s and master’s graduates were female.
- Ethnic minorities accounted for 23% of bachelor’s graduates, 21% of master’s graduates and 38% of PhDs.
- In 2004, there was a 17% increase in the number of new accounting graduate hired by firms compared to 2003. The number of bachelor’s degree hires increased 13% (to 15,000); the number of master’s degree hires increased 33% (to 4,700).
- Females accounted for 53% of accounting graduates hired.
- Twenty-three percent of hires in 2004 were ethnic minorities.
Regarding firms’ hiring trends, estimates of percentage changes from actual in 2004 to predicted for 2005, 2007 and 2009 are optimistic across all firm sizes.
To see the actual study, visit the Accounting Education Center at www.aicpa.org/aec.
From The CPA Letter, October 2005. For the complete article, click on the following link: http://www.aicpa.org/pubs/cpaltr/oct2005/supply.htm. |
