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There Are 340,000 Fewer Accountants—and Companies Are Paying the Price

CPA Practice

Yet despite the plentiful job openings, students aren’t racing to major in accounting. For many, the typical entry-level job doesn’t pay enough to make the needed fifth year of college tuition worth it. For software engineers, the median entry-level pay was $93,000.

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Friday Footnotes: For the Last Time, Salaries Are Too Low; NOCLAR Is Back; Big 4 Beat Up Again | 3.1.24

Going Concern

Last year, the median salary for full-time entry-level accounting jobs was roughly $62,500, up from about $50,000 in 2020, according to Handshake data. The median pay advertised for entry-level management consulting and financial analyst roles, by contrast, was $70,000 and $75,000, respectively.

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Friday Footnotes: PwC Leader Called Out for Twitter Tantrums; Why Quiet Layoffs Are a Bad Idea; Remote Work Advice for Firms | 6.14.24

Going Concern

The move has caused ructions within the accounting and consulting firm, with one senior figure familiar with the discussions saying that while the issue has not yet risen to the level of “tensions”, it is regarded by some within the network as a “problem”.

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