It’s no secret that over the past 15 years, the accounting profession has been struggling to maintain a sufficient hiring pool and keep enrollment up; with the situation continuing to worsen. The Wall Street Journal recently highlighted these issues in its op-ed, The Dying Language of Accounting, underscoring the urgency for the profession to adapt.
The sharp decline in students pursuing accounting careers is alarming. We've seen fewer candidates sitting for the CPA exam and a 7.8% decrease in accounting bachelor’s degrees from 2020 to 2022. This shortage is already impacting U.S. businesses, with hundreds of companies reporting personnel-related weaknesses and municipalities facing potential credit downgrades due to delayed financial reporting.
What’s Next?
We know the challenges, and here at ShindelRock, we're committed to making a difference. We’re dedicated to removing barriers for those working to enter accounting through our robust programs while maintaining high standards. We consistently visit regional colleges and universities to encourage students to pursue careers in accounting, as well as offering days where students can come in and shadow us in-office. We're actively working to correct misconceptions about compensation, job satisfaction, and the diverse career opportunities that accounting offers.
If you’re looking for limitless opportunities to grow your career, join us today! We're not just talking about job roles—accounting at ShindelRock means being at the heart of critical business decisions, exploring innovative solutions, and driving impactful changes.
We're committed to making our profession attractive and rewarding, ensuring that the analytical world of accounting continues to thrive.
Written by: Steve Wisinski
