Audit seems to have gone out of favour in many European countries, according to a new report by ACCA.
European students are much more interested in consulting.
There is also a trend for top graduates in smaller European countries to look to move to lucrative roles in global financial centres, such as New York.
In Ireland students are influenced by family background. So, they pursue a career in accountancy because their parent did!
There is a real shortage of accountants in Ireland too, with the government worried about the repercussions to the economy. Accountancy has now been listed as a ‘critical profession’.
The shortage of accountants is also being felt across the global. For instance, New Zealand needs another 15,000 accountants in the next five year. In the Caribbean the shortage of accountants is being caused by the exodus of professionals, mainly to the US.
The research also found that in Africa it is common for accountants to have two or three jobs, including ‘side hustles’, to ensure financial stability. Accountants on this continent diversify their income streams!
Check out the full report at: https://www.accaglobal.com/gb/en/professional-insights/pro-accountants-the-future/career-paths.html
