Chatham University

Master of Accounting (MAcc) Market Data

The current job market for accounting graduates is very robust. In certain parts of the country, accountants are receiving signing bonuses. Much of the current demand for accounting graduates and more qualified graduates is due to the implementation of the Sarbanes-Oxley Act. It appears that employment opportunities in accounting will continue given the mandatory sentencing requirements for executives guilty of financial fraud. CPA firms are taking the attestation function more seriously and budgeting more audit hours to complete the job. Furthermore, the specialization area of fraud examination is growing. Graduates from the masters program will have a competitive edge for these positions over graduates earning only a bachelor’s degree. Furthermore, first-time full-time students declaring accounting as their major is currently at a ten year high.

According to the AICPA’s most recent study “The Supply of Accounting Graduates and the Demand for Public Accounting Recruits-2005”, both supply and demand are expected to increase through 2009. Some highlights of the report are as follows:

According to state-wide employment data, demand for accountants and auditors ranks third highest for college graduates. According to the Pennsylvania Institute of CPA’s, CPA revenue grew 9% in 2004 compared to 2003. Also, the amount of billable hours has increased and 6% of the firms expect to outsource a large volume of tax returns.