Last week, the AICPA released the 2015 Trends in the Supply of Accounting Graduates and Demand for Public Accounting Recruits report. The report found that enrollments in undergraduate and graduate accounting programs increased in the 2013-14 academic year, and combined to cross the 250,000 threshold for the first time. On the recruiting side, accounting firms hired a record number of accounting graduates in 2014, representing a seven percent increase from the previous survey.
In addition, there was optimism from both universities and firms that the growth of the accounting profession will continue. Ninety-seven percent of bachelor’s programs and seventy percent of master’s programs stated that they expect their enrollment to be the same or higher within two years of responding to the survey.
Building upon the record levels of hiring, 91 percent of firms reported that they expect to hire at the same or an increased level in the following year. Larger firms are particularly optimistic about future hiring levels. All firms employing more than 200 CPAs reported their hiring will either increase or stay the same in the next year. This indicates that job prospects for current enrollees in accounting programs, as well as recent graduates, remains extremely bright.