Accounting and Finance Employment Report
According to the Q2 employment report that was published in March, jobs in accounting and finance have risen from 20,000 to 33,000. That’s an impressive increase that indicates that there is certainly a growing demand for such professionals in the workplace.
Fortunately, unemployment rates continue to decrease across the board. According to The Bureau of Labor Statistics, the unemployment rate of college-educated workers went from 2.2 percent to 2 percent, and while this change is not incredibly significant, it is a move in the right direction. Specifically, in the financial sector, unemployment is even lower at 1.8 percent.
According to the report, the exact breakdown of employment for accounting and finance positions are as follows:
- Financial analysts: 1.0%
- Financial managers: 2.3%
- Accountants and auditors: 1.8%
- Bookkeeping, accounting and auditing clerks: 2.0%
- Billing and posting clerks: 1.2%
- Compliance officers: 0.8%
Fortunately, these types of skills are still in high demand, and companies are willing to make room in their budgets to accommodate these incredibly important roles.
What Does This Mean for Employers?
If you’re in the market for an accountant or financial professional, know that professionals have the upper hand as far as their opportunities are concerned. Make your positions as attractive as possible by offering fair pay, quality benefits, and other perks that will attract only the best candidates for the role.
What Does This Mean for Accounting and Finance Candidates?
The ball is in your court. You don’t have to settle for positions that don’t pay enough or reward you for a job well done. Know that you have the skills that companies need to thrive. So, be confident in your negotiations. And don’t forget to ask questions about perks that are important to you.
Accounting and finance professionals are valuable, and their employment rate is proving that to be true. People considering entering this field can do so confidently.
If you are a accounting and finance professional with experience in a Fortune 1000 company and are a Big 4 CPA and/or an MBA from a Top 25 Business School, click here to view our open positions.