Experienced accounting seniors however, have the view that dedication to work, careful planning and putting in those long hours at work do eventually pay off – Big Time – if their pay packets and partner positions are anything to go by! Even with 12% more accounting grads likely to be taken up by various firms this year as the number of graduates increase, there are no signs of the trend reversing for the demand of this elite class of employees, which first began in 2000!
This is sure good news in good measure for the thousands of accounting graduates who thought they’d be stuck with log-books and slaving over little typewriters as horror tales of their former colleagues some 3 decades ago were anything to go by; but, luckily for the current crop of accounting graduates, there’s a lot of doors opening up for them as far as good, paying accounting jobs are concerned. Research reveals that an estimated 60% of business houses in India alone are looking at employing the same number of graduates this year as they did the year before so that’s a record increase of 55% from the previous year - an amazing percentage no doubt, revealed to us by the Collegiate Employment Research Institute, CERI at MSU.
Other market surveys on business trends that have studied the pattern of employment at various organisations reveal that this increase in hire-staffing of accounting graduates is at par with the increased popularity of employment preferences of corporate houses towards those with a graduate degree in other fields, such as business, biological and physical sciences as well. So, skills and higher qualifications rule – 2000 and beyond, it seems!
Well, if the decline in employment rates in other industries is anything to go by, it is no wonder that more youngsters are taking to highly paying fields like accounting, construction management, engineering and health care – all of which are up and coming industries with an eye to growth.
Some experts feel that this 3-4% increase in the hire-staffing of accounting graduates and those in their ilk is due to the expected growth forecast for the economy in the coming year as revealed by the Federal Reserve Bank’s most recent survey. But, whatever the truth behind the increased staffing of accounting graduates actually is, what does remain as a universal fact is that many businesses are coming up from a slump period and looking to conduct fresh-hire campaigns to make up for lost time, so accounting interns
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