Even though the demand for accountants in the U.S. has been higher than the supply of U.S. accounting graduates, the accounting profession has been unable to attract sufficient underrepresented Americans. In its 2008 report, the Department of Treasury’s Advisory Committee on the Auditing Profession identified concerns about minority representation and retention in the Profession. Based on 2013-2014 AICPA data, minority representation and retention have not improved over a significant number of years.
U.S. Bureau of Labor Statistics projects a 13% increase in accounting jobs between 2012 and 2022
o Accountants are necessary for all organizations in society – professional services firms, corporations, nonprofit organizations and government. The median annual salary for accountants in 2013 was $65,080 (U.S. Bureau of Labor Statistics)
o Many career opportunities exist for accountants to advance to leadership positions in business and other organizations, where salaries are in the six figures