Academic journal article Journal of Accountancy

Hiring at Accounting Firms Jumps as Graduate Totals Climb Slowly

Academic journal article Journal of Accountancy

Hiring at Accounting Firms Jumps as Graduate Totals Climb Slowly

Article excerpt

After two years of decline, public accounting firms recruited 22,520 new accounting graduates in 1992, 9% more than in 1991. Also, for the first time since the 1987-88 academic year the proportion of female accounting graduates (52%) was greater than that of males (48%). These findings were disclosed in the 1993 edition of The Supply of Accounting Graduates and the Demand for Public Accounting Recruits (product number G00099JA), an annual publication of the American Institute of CPAs academic and career development division.

New accounting recruits with master's degrees were in particularly heavy demand in 1992 as CPA firms hired 2,650 such graduates, up 51% from the 1,760 hired in 1991. The number of new hires with bachelor's degrees reached 19,870 in 1992, a 5% increase from the 18,840 hired in 1991. As exhibit 1, below, shows, public accounting continued to attract a significant portion of the graduates, with business and industry the second most sought-after area.

Maryan M. Ackley, a partner of Frank Rimerman & Co., Menlo Park, California, attributed the increased demand for accounting graduates to CPA firm efforts to "grow their own" replacements for experienced staff members lost to industry. …

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