Industry Outlook
Accountant careers are in constant demand. The Bureau of Labor Statistics projects that auditor and accountant careers will continue to have strong growth through 2016. This is largely due to the ever-expanding economy and enforcement of stricter government regulations. Careers for bookkeeping, accounting and auditing clerks will continue to have average growth.
Job Growth:
- Auditor and Accountant positions:
- Require at least a Bachelor's degree, Master's degree preferred.
- May require CPA ( Certified Public Accountant) course s leading to licensure.
- Accounted for about 1.3 million jobs in 2006.
- Expected to grow by 18%, or 226,000 jobs, by 2016.
- Bookkeeping, Accounting and Auditing Clerk positions:
- Require a HS diploma or GED and some accounting course work.
- Prefer applicants with an Associate degree.
- Accounted for about 2.1 million jobs in 2006.
- Expected to grow by 12%, or 264,000 jobs, by 2016.
Demand Increases:
- Auditor and Accountant position s will be in higher demand:
- In order to support the growing economy.
- As they are needed to assist with international trades, acquisitions and mergers.
- Due to changes in legislation related to taxes, financial reporting, investments, etc.
- With increased focus on financial crimes.
- Bookkeeping, Accounting and Auditing Clerk positions will be in higher demand:
- Due to more financial transactions requiring recordkeeping workers.
- In order to ensure stricter standards of accuracy in financial reporting.
- As a means to utilize those who can provide a wider range of services, including accounting, payroll and billing.
- To replace existing workers who leave the workforce.
*All information above obtained and summarized from the Bureau of Labor Statistics web site: www.bls.gov
Employers also seek those with excellent interpersonal skills because accountants often work in teams of people with a wide variety of backgrounds. When pursuing accounting as a career , you should also enroll in communications classes in addition to basic accounting classes.
To gain an advantage, the right courses in accounting can prepare you for specialized areas. Having expertise in areas like international business or financial legislation can help you stand apart from the crowd. Competition for accountant position openings is highest in major accounting firms and businesses.
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