Beta Alpha Psi
Why Accounting? Is there work for me when I graduate? Am
I going to make good money when I graduate? Who is hiring accounting
graduates? Why Why Why!!!
How employable is accounting? What kind of stats are out there?
I want proof that this degree is as good as some people think or say it
Salisbury University "First Destination Survey" has some
interesting data. This survey is conducted each year when students
pick up their cap and gown in mid-May. The return rate is over
70-80%. Here are some interesting facts from the May, 2009 class:
Accounting employment rates:
- 22 accounting majors responded to survey
- 68.2% were employed full-time-one of the highest ft employment rate of any major
- 9.1% employed part-time
- 4.5% furthering their education
- 18.2% not employed-one of the lowest of any major-remember this was
taken prior to graduation
This is the summary of all majors employment rates:
- 716 students responded to survey
- 20.7% of all majors were employed full-time
- 16.6% of al majors were employed part-time
- 13.1% of all majors furthering their education
- 46.9% of all majors still seeking employment
Accounting salary statistics:
- 13 accounting students responded
- $51,923 was the mean starting salary
- $41,000 - $60,000 was the range
All majors salary statistics:
- 99 students reported their salaries
- $42,435 was the mean starting salary for all majors (nationwide it is
- $12,500 - $62,000 was the range for all majors
Accounting job satisfaction:
- 15 accounting students responded
- 66.7% said they were very satisfied
- 26.7% said they were satisfied
- 0% said they were dissatisfied or very dissatisfied
- 6.7% did not respond
All majors job satisfaction:
- 148 total students responded
- 48.6% said they were very satisfied
- 27.7% said they were satisfied
- 4.1% said the were neither satisfied nor dissatisfied
- 0.7% said they were dissatisfied
- 0.7% said they were very dissatisfied
- 18.2% did not respond
Equipment and Services
Postal & Company
& Pullen, LLP.
Sondberg Wimbish & Stone P. A.
Meegan, Drury & Co
- 66.7% of all accounting students did at least one internship
- 33.5% of all majors did at least one internship
- 33.3% of the accounting students did MORE than one internship
- 6.3% of all majors did MORE than one internship
You can connect to SU's First Destination Survey by clicking
here for the
Maryland Department of Labor and Licensing
- Accounting was given an "A" on future job opening
- They anticipate 9,015 openings
According to the U.S. Bureau of Labor Statistics employment of
accountants and auditors is expected to grow faster
than the average for all occupations through the year 2016.
Accountants have good job opportunities. This is because there will be
new and changing laws that will increase the need for accountants; also,
there will be more private companies that will need accountants.
Accountants who have a lot of special skills, such as certified public
accountants (CPAs) and certified management accountants, should have the
easiest time finding a job.
From the CareerOneStop website which sponsored by the U. S.
Department of Labor, Employment and Training Administration
10 Occupations with the Most Openings (occupation name and degree
- Postsecondary teachers - Doctoral degree
- Elementary school teachers, except special education - Bachelor's
- Accountants and auditors -
- General and operations managers - Bachelor's or higher degree, plus
- Secondary school teachers, except special and vocational education -
- Computer software engineers, applications - Bachelor's degree
- Computer systems analysts - Bachelor's degree
- Management analysts - Bachelor's or higher degree, plus work
- Lawyers - First professional degree
- Middle school teachers, except special and vocational education -
Top 10 Occupations with the Largest Employment (occupation
name, # employed and degree required)
- General and operations managers -1,720,500 -Bachelor's or higher
degree, plus work experience
- Postsecondary teachers- 1,671,800 -Doctoral degree
- Elementary school teachers, except special education-1,540,200-
- Accountants and auditors
-1,274,400- Bachelor's degree
- Secondary school teachers, except special and vocational education-
1,037,500 -Bachelor's degree
- Lawyers- 760,700 -First professional degree
- Management analysts- 678,200- Bachelor's or higher degree, plus work
- Middle school teachers, except special and vocational education-
658,100 -Bachelor's degree
- Physicians and surgeons- 633,300- First professional degree
- Computer software engineers, applications- 506,800- Bachelor's degree
MD and national salary comparisons for accountants
From CollegGrad.com and the Bureau of Labor Statistics
Employment & Outlook
Generally accountants and auditors work in government and private
business, with about 21 percent employed in accounting, tax preparation,
bookkeeping, and payroll services. Other popular industries include
management of companies and enterprises, local and state government, and
Employment opportunities for accountants and
auditors are expected to grow faster than the average for all
occupations in the coming years. Career growth is expected at 18
percent through 2016, adding 226,000 jobs to the industry.
Accountant & Auditor Salary Information
Mean annual wages for accountants and auditors
were $63,180 in 2008, according to the Bureau of Labor
Statistics. Top-paying industries include the federal government, with
annual mean wages of $81,570, and security and commodity contracts
intermediation and brokerage firms paying annual mean wages of $77,510.
Areas with the highest concentration of accountants and auditors include
the District of Columbia, Colorado, Delaware, and New York.
NACE-National Association of Colleges and Employers
Summer 2009-As a group, graduates with bachelorís degrees in the
business disciplines saw their average offer nudge up less than 1
percent to $47,239. Accounting majors did better than the average, and
posted a 1.9 percent increase for an average offer of $48,993.
Spring 2010 Job Outlook-hot off the presses! - came out on Feb.
College Hiring Outlook: Fewer Jobs for Class of 2010-Employers say
theyíll cut new college grad hires by 7 percent.
Overall, at the bachelorís degree level, business, engineering, and
technical majors are of most interest to employers this year, while at
the masterís level, M.B.A.s , followed by engineering degrees, are of
most interest. At the doctorate level, engineering and computer science
top the list.
In general, interest at the bachelorís degree level is being driven by
employers in government and finance.
Top 5 Majors by Region:
Source: Job Outlook 2010, National Association of
Colleges and Employers. Data are for bachelorís degree graduates.
here for entire
for Student Review-Salaries by major
- iSeek Careers - Click
to see employment outlook and salaries for accounting majors
(Katie Bauer-president)-spring 2010