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Old 06-10-2022, 08:08 AM
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://.ft.com/content/4d014b21-c4f6-4562-ab33-48a51d0312b0
Accountants work to shed ‘boring’ tag amid hiring crisis

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In her speech, Ho of the PCAOB identified lower starting salaries compared with other professions as a key problem. “Starting salary in the audit profession is lower than other professions, such as data scientists and IT professionals,” she said. “In my opinion, this is a crisis. We cannot afford a world with no accountants or a capital market with no auditors.”

The US Bureau of Labor Statistics found median annual salary for auditors and accountants nationally to be $77,250 for 2021, though pay for those at the largest firms is significantly higher. Social media forums and jobs boards often carry complaints from early-career accountants about gruelling hours, as well as low pay.
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And Nasba’s Conrad said an economic downturn might help swing people back to the profession.

“When the economy is good, the market is good, there is a lot of M&A activity, people that might go into accounting may say they’ll go into finance,” she said. “If the economy starts to turn and we start to see lay-offs as we have recently among the investment banks, you may see people coming back to accounting.

“Accounting is solid. You can always get a job as a CPA.”
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Looks like US auditors also complain about low pay. Although they should really look at what's being paid by sinkie Big 4. They will probably think its some kinda slavery level wage lol.

And the most hilarious thing of all, is when the body that's supposed to promote accounting as a career, publicly admits that their profession's greatest hiring strategy, is to catch those refugees who were laid off from the more prestigious investment banking jobs!

I'm sure this inspires confidence...
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