Additional than 300,000 U.S. accountants and auditors have remaining their careers in the past two a long time, a 17% decline, and the dwindling amount of college students coming into the area just can’t fill the hole.
The exodus is pushed by deeper workplace shifts than baby-boomer retirements. Youthful specialists in the 25- to 34-12 months-outdated range and midcareer specialists amongst the ages of 45 and 54 also departed in significant quantities commencing in 2019, according to the Bureau of Labor Statistics. Recruiters who have been luring experienced accountants into new roles say they are often relocating into careers in finance and technological innovation.
