Demand for New Accounting Graduates Up, According to New AICPA Survey

College enrollments, new accounting degree and high demand for graduates all point to a thriving profession, according to an AICPA study examining supply and demand trends.

CPA firms hired 40,350 new accounting graduates last year, including 23,793 graduates with bachelor’s degrees and 16,557 with master’s degrees, according to the 2013 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits. The previous high recorded in the survey was 36,112 in 2007. During the recession, hiring dropped but picked up in 2010, with 33,321 new grads hired. The study is based on enrollment, graduation, and hiring data collected through the 2011–12 academic year.

“Demand is off the charts,” Paul McDonald, a senior executive director with staffing firm Robert Half International, told the Journal of Accountancy. McDonald, who was not involved with the survey, said that it is an “excellent time to be an accountant.”