Accounting has always been a popular major as well as a great
career choice, and a new report has shed some light on just how hot the
accounting profession is right now.
The AICPA recently released the results of the Trends
in the Supply of Accounting Graduates and the Demand for Public Accounting
Recruits, which showed a
record 40,350 accounting graduates hired by public accounting firms in 2012 and
89 percent of those firms forecasting the same or increased hiring of graduates
In addition to promising
demand, the pipeline of future accountants is stronger than ever, with historic
levels of student enrollments in accounting programs and record numbers of
accounting graduates in 2012.
To gain insight into why
accounting is more popular than ever, and to better understand the content of
the Trends report, I sat down with Scott Moore – AICPA Director of Students and
Professional Pathways, who led the effort to compile the Trends report.
James Schiavone: One of the things that really struck me about
the report is that the number of students who are earning their master’s degree
in accounting has doubled in the last ten years. Can you explain why we’ve seen
such a sharp increase?