Shortage of Accountancy Graduates

Is there a shortage of BS Accountancy graduates? It’s been a few years now that we’ve been having difficulty in hiring accounting graduates. Is it just us? An ex-colleague of mine also complained about the same. She finds it hard to hire a bookkeeper. When you go to job websites, there are also plenty of job openings for accounting graduates.

The CPA board exam has started last Sunday. By Tuesday or Wednesday next week, we will already know the May 2009 CPA board exam results and list of passers. A few thousand more will join the rank of the CPAs. I am sure that they will not be left jobless for more than a month. That unless if they decide to rest for a while, or take up law right after passing the board.

Maybe this could also be attributed to the raised standards. You see, some schools impose departmental exams for every level. Aside from that, they require grades of not less than 2.0 in a major subject. The PRC stops the offering of certain schools for BS Accountancy courses if they fail to produce a CPA after a few years of existence.

And perhaps it can also because of the draw of the Nursing field. Every highschooler dreamed of Nursing and all the dollars it can bring. But the reality is, Filipino CPAs abroad have higher pay than Nurses.