What’s the Profession Going to Do with 79,000 New Accounting Graduates?

College degrees awarded in accounting, 1971-2016
College degrees awarded in accounting, 1971-2016. (AICPA)

Is the end in sight for the talent shortage?

By Rick Telberg
CPA Trendlines

New signs are emerging that the profession may be approaching a long-awaited inflection point: Productivity gains from new technologies are finally showing up in reductions in hiring plans. That’s good news for some; not so much for others.

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Are we on the verge of a CPA glut? Are we going to see lines of unemployed accountants at the entrance of industrial parks holding signs that say, “Will do tax prep for food”?