As the business landscape continues to evolve, the demand for skilled Certified Public Accountants (CPAs) has reached a critical point. Amidst an acute shortage of qualified professionals in this field, aspiring accountants now get a golden opportunity to carve a successful career in the accounting industry. With statistics highlighting the scarcity of CPAs and promising growth prospects, it is the perfect time to seize job opportunities as a CPA.
Statistics Reflecting Demand and Shortage:
According to the U.S. Bureau of Labor Statistics, employment of accountants in the U.S. is projected to grow at a rate of 6% from 2021 to 2023, on par with the average for all occupations. This projected growth indicates continued demand for accounting professionals in various industries.
However, despite the growing demand, there has been a concerning decline in the number of employed accountants and auditors. The Wall Street Journal reported a 17% decrease in employed accountants and auditors in 2019, emphasizing the urgency to fill the void created by this shortage.
The shortage of CPAs presents a unique opportunity for aspiring professionals looking to enter the accounting field. By acquiring the necessary qualifications, such as earning a CPA certification, individuals can position themselves as highly sought-after candidates in the job market. The increased demand, coupled with the limited supply of CPAs, offers a competitive advantage to those who pursue a career in accounting.
Benefits of a Career in Accounting:
Choosing a career as a CPA comes with numerous benefits. CPAs enjoy job security, attractive compensation packages, and opportunities for growth and advancement. Additionally, the role of a CPA is diverse, allowing professionals to work in various industries, such as finance, taxation, auditing, and consulting. The skills acquired as a CPA are highly transferable and can open doors to leadership roles within organizations.
How Miles can fuel your accounting career dreams?
Miles Education is a pioneer in CPA training, for more than a decade it’s been a leading CPA training provider in India. With a track record of 82% of CPA passing rate, we also proudly state that 80%+ CPAs in India are Miles’ alumni. With our MAcc program, we are now fulfilling the American dream of accountants as well by making them capable to kickstart their accounting career in the US.
If you want to know how we’ve transformed the journey for Indian accountants pursuing opportunities in the US then join our recruitment drive on July 14th, 2023 with top US accounting firms like RSM, Crowe, and BDO Alliance USA. Here you will get a chance to benefit from pre-arrival interviews, securing a path to an exceptional CPA career abroad!
Conclusion:
The shortage of CPAs presents an excellent opportunity for individuals aspiring to build a successful career in accounting. With promising growth projections and a declining number of employed accountants and auditors, the demand for skilled CPAs continues to rise. By seizing this opportunity, aspiring accountants can secure rewarding job opportunities, long-term stability, and the chance to make a significant impact in the business world. Now is the time to pursue a CPA certification and embark on a fulfilling career journey in the field of accounting. Click here to know more
