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There Are 340,000 Fewer Accountants—and Companies Are Paying the Price

CPA Practice

Yet despite the plentiful job openings, students aren’t racing to major in accounting. For many, the typical entry-level job doesn’t pay enough to make the needed fifth year of college tuition worth it. For software engineers, the median entry-level pay was $93,000.

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Friday Footnotes: For the Last Time, Salaries Are Too Low; NOCLAR Is Back; Big 4 Beat Up Again | 3.1.24

Going Concern

For many 22- to 27-year-olds, known as Generation Z, their average student debt of more than $20,000 and the lure of higher-paying Wall Street and Silicon Valley firms means the time and effort required to become a CPA doesn’t pencil out. Melancon urges accountants not to ignore tools such as ChatGPT. We cannot afford to lose in one.”

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