Academic journal article Journal of Accountancy

CPAs Are a Hot Commodity

Academic journal article Journal of Accountancy

CPAs Are a Hot Commodity

Article excerpt

Don't you wish you could look into a crystal ball to see what's ahead for the profession? So do we. But since that seems unlikely, we turned to Kent Bums, equity partner of MRINetwork's Indianapolis office, to get his take on CPA career prospects in the near future.

It looks like business valuation, litigation services and forensic accounting will be hot sectors this year, Burns says. On the corporate side, auditing and compliance experts will remain in short supply, as will senior financial analysts, financial analysts and positions related to 5arbanes-Oxley Corporate taxation as a career option is a bit more stagnant as there is little turnover. Contract work is skyrocketing, with many choosing to work this way full-time.

CPAs just starting out can begin their careers in public accounting--it's still a great path to take, Burns says. The Big Four firms also still carry great prestige, but graduates can get challenges, variety, training and opportunity at smaller firms, too. In some cases, the exposure at a midsize firm can be greater and come more quickly.

If you want to go corporate, seek a company with a financial leadership development program that will rotate you through several roles in the first couple of years. These programs give you a real feel for the organization and let you build some key relationships and pick your assignments. They give lots of experience and provide a fast track. …

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