Accounting Professionals Have Excellent Job Prospects, Says AccountingCrossing

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 26, 2008 -- The accounting job board has seen a continuous rise in the demand for accounting professionals, with about a 125% increase in its total job count over the last eight months. AccountingCrossing currently has 63,000 job openings in its database, and the site foresees an extremely strong job market for accounting professionals in the near future.

“Accounting professionals have gained immense popularity in our capital markets system owing to the changing financial laws and corporate governance regulations – the Sarbanes-Oxley Act, for example -- and continued growth in small- and mid-sized businesses. Many organizations have added more jobs in their accounting departments, and that’s obviously being reflected on AccountingCrossing,” says A. Harrison Barnes, CEO of AccountingCrossing.

The US Labor Department projects an 18% growth (between 2006 and 2016) in the job count for accountants and auditors combined, which is faster than the average for all occupations. The Labor Department also predicts an additional 226,000 jobs to be created in this sector within the next decade.

Additionally, a recent report by American Institute of Certified Public Accountants (AICPA) found that the total number of accounting professionals recruited by both public and private accounting firms in 2007 jumped 83% over the 2004 count. AICPA also reported that 67% of the firms surveyed plan to boost their workforce numbers in the coming year.

The job prospects for recent accounting graduates are also bright. A survey by the National Association of Colleges and Employers (NACE) found that 58% of companies/firms plan to hire more new accounting graduates in 2008. Another survey by the NACE found that 2008 accounting graduates are being paid $49,085 salaries on average, which is reportedly one of the top salaries for new grads.

AccountingCrossing has also noted some of the most sought-after jobs in the accounting industry. These include tax manager jobs, audit jobs, international tax jobs, and CPA jobs. “We have also seen a growing demand for professionals with experience in hedge fund accounting,” adds Barnes.

The top job titles on AccountingCrossing in the last month have been:

• Senior accounting jobs (8,830)
• Payroll clerk jobs (3,893)
• Accounting assistant jobs (3,250)
• Accounting analyst jobs (3,203)
• Auditor jobs (2,406)
• Accounting director jobs (1,713)
• Accounting supervisor jobs (1,695)
• Corporate accountant jobs (1,259)
• Certified Public Accountant (CPA) jobs (747)

“The present job market is a tricky one, and various professionals are having trouble in the current economic scenario. There are thousands of jobs, however, if one knows where to look. AccountingCrossing monitors all employer websites (over 250,000) and other resources to post jobs that are not mentioned on any other job board,” adds Barnes.

For more information on AccountingCrossing, please visit www.accountingcrossing.com.