Accountants Job Outlook
The employment outlook for accountants.
As with all career paths, if you are training to be, or are already qualified as an accountant, you want to know that your future employment will be secure. For a long time, accountancy was seen to be a safe and secure career choice. However, in recent years it has been noted that, with a large number of foreign migrants coming to Australia with degrees in accountancy or studying for such qualifications, there has been a 13% drop in the number of Australian students finding employment within 3 months of qualifying between 2001 and 2012. These figures are compounded by the fact there has also been a 20% drop in the number of Australians studying accountancy during the same period, while there has been a 500% increase in migrants studying for the degree.
Not to panic though! Recent studies show that there has been a large and rapid increase in the number of job openings for accountants over the last 5 years. This trend is expected to continue, at least, until well into 2019. In fact, recruitment experts are saying they expect to see over 50,000 new positions opening up between now and November 2019. Also, a growing number of foreign students are deciding to take their qualifications home with them rather than seek work in Australia.
The highest likely areas of accountancy that you can expect to see positions becoming available are:
- Payroll officers for large firms or companies.
- Accounts payable and receivable officers.
- Accounts clerks and bookkeepers.
- Credit controllers.
- Audit professionals.
According to recruitment professionals, a candidate for an accounting role should have no great difficulty finding employment in the foreseeable future, as long as they are well-trained, dedicated to the role and, importantly, keep up to date with their recruiter and social media (especially LinkedIn). Accountancy, like most fields of business, will rise and fall in demand from time-to-time, but, for the next few years at least, demand should remain high.