Elevate the profession? But yet it is not reflected in salaries. So many young people know that they can go to a community college or learn a trade and make much better salaries than by becoming an accountant. So sad.
Respectfully this is completely false. According to the Bureau of Labor Statistics accountants and auditors have a median salary of $79,880 per year. Whereas construction laborers make a median salary of $45,300 per year.
In 2017, years prior to COVID, I was on the executive committee of my local state CPA society chapter, and we were talking about the pipeline crisis back then. So Barry's claim that supply of CPAs exceeded demand prior to COVID is disingenuous at best. State societies and AICPA were keenly aware of the profession's demographic issues and how many CPAs would be retiring in the next 5-10 years. Ultimately, increasing the education requirements for US CPAs and embracing outsourcing of cheap labor that does not have those requirements, served the interest of large firms and wealthy incumbent partners. Barry, very much succeeded in doing the bidding of his preferred constituents. He just did so to the detriment of average practitioners and the majority of the profession.
If there's a shortage why is it that they seem to not want CPA's? I got the 150 credit hours. I cannot get my first job in the profession. The entry level jobs requires 5 to 10 years of work experience in accounting. The internships are being given to 4.0 GPA students that tell them they want to get the CPA. They say it to get the job. That way they get some experience so they can go get other better paying jobs. I myself want to take the CPA but I cannot get the 1 year work experience. That's the only thing stopping me. If there's a shortage why are they so picking on who to hire?
it's a vicious cycle of companies not valuing what accountants do, accountants not getting compensated well and, in some cases, not even getting hired, and a shrinking number of accountants get to do more with less. sorry you are having a tough time, the job market has been particularly bad this year.
@@v-2010 Michigan. I not just applied. I was invited to a dinner for UHY, KPMG, Deloitte, EY, BDO, Rehman, C&m, GM, FORD, Curcuru & Associates CPA PLC, Plante moran
The classes I took to get my 150 hours were an absolute joke. You can say that’s my fault for not using that time to takeaway something more substantial. However, everyone I know does the same thing. They go to the cheapest, online, self-study program they can find. That is unless they get a master’s degree.
Elevate the profession? But yet it is not reflected in salaries. So many young people know that they can go to a community college or learn a trade and make much better salaries than by becoming an accountant. So sad.
I’d like to see some data to back that up. I’m in central Florida and firms are bringing people on at 65k-75k.
Respectfully this is completely false. According to the Bureau of Labor Statistics accountants and auditors have a median salary of $79,880 per year. Whereas construction laborers make a median salary of $45,300 per year.
In 2017, years prior to COVID, I was on the executive committee of my local state CPA society chapter, and we were talking about the pipeline crisis back then. So Barry's claim that supply of CPAs exceeded demand prior to COVID is disingenuous at best. State societies and AICPA were keenly aware of the profession's demographic issues and how many CPAs would be retiring in the next 5-10 years.
Ultimately, increasing the education requirements for US CPAs and embracing outsourcing of cheap labor that does not have those requirements, served the interest of large firms and wealthy incumbent partners. Barry, very much succeeded in doing the bidding of his preferred constituents. He just did so to the detriment of average practitioners and the majority of the profession.
If there's a shortage why is it that they seem to not want CPA's? I got the 150 credit hours. I cannot get my first job in the profession. The entry level jobs requires 5 to 10 years of work experience in accounting. The internships are being given to 4.0 GPA students that tell them they want to get the CPA. They say it to get the job. That way they get some experience so they can go get other better paying jobs. I myself want to take the CPA but I cannot get the 1 year work experience. That's the only thing stopping me. If there's a shortage why are they so picking on who to hire?
it's a vicious cycle of companies not valuing what accountants do, accountants not getting compensated well and, in some cases, not even getting hired, and a shrinking number of accountants get to do more with less. sorry you are having a tough time, the job market has been particularly bad this year.
@@bebdaumon3948Where are you applying (southeast US, northwest, ect)?
What sort of firms? Big 4? Local? Regional?
@@bebdaumon3948You don’t need the year of experience to start taking the exams.
@@v-2010 Michigan. I not just applied. I was invited to a dinner for UHY, KPMG, Deloitte, EY, BDO, Rehman, C&m, GM, FORD, Curcuru & Associates CPA PLC, Plante moran
The classes I took to get my 150 hours were an absolute joke. You can say that’s my fault for not using that time to takeaway something more substantial. However, everyone I know does the same thing. They go to the cheapest, online, self-study program they can find. That is unless they get a master’s degree.
Can you provide the citation for the MIT study? I'd be interested in reading it.
4:34 because it requires a masters degree, is that lost on you?
Because you’re a more educated and well-rounded candidate per CPA licensure