Yes, Vijay, there is a huge demand for accountants in the US.

As per the Bureau of Labours Statistics, the employment of accountants and auditors is projected to grow 6 percent from 2021 to 2031, about as fast as the average for all occupations. About 136,400 openings for accountants and auditors are projected each year, on average, over the decade.

The American Institute of Certified Public Accountants (AICPA) reports a decline in the number of graduates with accounting degrees and a drop in exam takers and pass rates. This trend, coupled with the findings of a Deloitte poll revealing talent retention challenges for accounting and financial positions, highlights the rising demand for accountants in both the public and private sectors.

“82% of hiring managers for accounting and financial positions at public companies and 69% at private companies said talent retention is a challenge.” – Deloitte

To sum it up:

The shortage of accountants presents a unique opportunity for aspiring professionals considering a career in accounting. Accountants can now pursue a Master in Accountancy in the US (now STEM certified), which will help them to position themselves as highly sought-after assets in the US industry.

To know about our US pathway (MAcc Program), visit our website!