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Thanks for the clarification. Personally, I view accounting as a dying industry in America. The number of well paid accountants is few and decreasing each year.
by sotix 1y ago
Thanks for the clarification. Personally, I view accounting as a dying industry in America. The number of well paid accountants is few and decreasing each year. If programming follows that path, it will be devastating for the industry.
Some statistics on US accounting trends[0]:
- As a direct result of enrollment declines in accounting programs, candidates sitting for the CPA exam have also decreased from 48,004 first-time candidates in 2016 to 32,188 in 2021, a drop of 33%
- 7% decrease from 2021 to 2022 for the total number of candidates taking the CPA exam
- 2022 saw the lowest number of exam takers since 2006
- 30% fewer candidates passed their final section of the CPA exam in 2021 compared to 2016
- the AICPA has stated that roughly 75% of its members are at retirement age
- Accounting graduates trended downward in the 2019–2020 academic year, with decreases of 2.8% and 8.4% at the bachelor’s and master’s levels, respectively
Having gone through public accounting myself, and knowing hundreds of accountants, It’s not a career path I recommend others follow whereas computer science and software engineering is one I still recommend. Accounting has largely gone overseas. There are not enough partner positions at the big firms or smaller, local firms to supply enough work for accountants. At least software engineering still has the unlimited growth potential that software enables.
[0]: https://www.cpajournal.com/2024/11/25/the-accounting-profession-is-in-crisis-2/ https://www.cpajournal.com/2024/11/25/the-accounting-profess...