"New data, however, suggests that the profession's talent crunch may be - cautiously - easing. Graduates who earned a bachelor's or master's degree in accounting fell to 55,152 in the 2023-24 academic year, according to the American Institute of Certified Public Accountants (AICPA). That's a 6.6% decline from the year prior - still a drop, but a slower one than the 9.6% decline in 2022-23"
"There's also a positive trend in the growing number of high school students pursuing accounting degrees. Data from the National Student Clearinghouse Research Center shows that spring accounting enrollment in the 2024-2025 school year grew 12% year-over-year - the third consecutive semester of growth in accounting enrollment. "I am certainly seeing students more knowledgeable about the opportunities in accounting, and more students going into accounting in the US," Yvonne Hinson, CEO of the American Accounting Association, told Business Insider."
Accounting faces a longstanding shortage of young talent, but recent data indicates the talent crunch may be easing. Bachelor's and master's accounting graduates fell to 55,152 in 2023-24, a 6.6% year-over-year decline that slowed compared with prior years. Spring accounting enrollment for 2024-25 grew 12% year-over-year, marking a third consecutive semester of growth. Students are increasingly informed about accounting opportunities and are attracted by stronger entry-level pay and the promise of career stability. Accounting majors rank fourth for five-year return on investment after engineering, computer science, and nursing.
Read at Business Insider
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