Need some advice on career in accounting


C

Christopher Browne

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C

Christopher Browne

TAM said:
I just came to know from a CGA website that about 2000 CGA's
graduate every year in Canada. I wonder how come accounting field is
not yet saturated in Canada which has only 30 million people. One
reason why I am not getting a decent job in IT for last 13 months is
there are too many qualified IT people and too few jobs. The field
is saturated and I find it sad when I see people take computer
courses to become IT professionals and get a good job. So I wonder
when the job market for CGA's will saturate if it isn't already.
It's not obvious that there is a "saturation."

Accounting is a pretty mature industry that has been around long
enough that people are _retiring from it_ in pretty significant
numbers.

Consider: If CGAs start at age 20, and work for 45 years before
retiring, then that means that 2000 graduates per year indicates a
steady state of (* 2000 45) or 90,000 CGAs, where there are also 2000
CGAs _retiring_ each year. 90,000 is _not_ an enormous number of
people across a population of 30 million.

Moreover, there are two other effects of some significance:

- Canada's population was only 25 million not too long ago; the
increase of 20% presumably leads to a need for not far from 20%
more accountants;

- There are more regulations in place now than there were 25 years
ago, thereby increasing the need for accountants that run the
compliance systems.

That's not to say that it's Totally Safe to leap into spending time
and money on the accounting designation; you might discover that the
market for CGAs being paid $65K/year is pretty saturated, whilst there
are almost unlimited opportunities at $11/hour, which wouldn't
necessarily be enough to cover rent for better than a flea-bag
apartment in any of the more expensive localities (Toronto or
Vancouver).
--
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http://cbbrowne.com/info/nonrdbms.html
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