Tuesday, May 10th, 2022

The Entry-Level Challenge

“If you’re offered a seat on a rocket ship, don’t ask what seat! Just get on.” – Sheryl Sandberg

Yesterday I listened in on a “Thought Leader Debrief” from the AICPA. Barry Melancon, Erik Asgeirsson, and Tom Hood spoke about issues affecting the profession. This is their preview of what will be discussed in more detail at this year’s ENGAGE conference.

One discussion point was, of course, attracting talent. Undergraduate enrollment was down by more than 20% in looking at the December 2021 semester. Of course, part of that 20% is accounting majors. I hope your firm leaders are going into high schools and talking about the benefits of becoming a CPA. There are many!

I have observed and the AICPA leaders agree that CPA firms are not offering entry-level salaries that are high enough to attract talented young professionals looking to quickly excel in their chosen career path.

Inside CPA firms, there isn’t much talk about how you become an owner until you have been with the firm for a substantial number of years. This generation will expect the conversation in the first few months of their employment. Or, even before they accept your offer. They want a clear picture of their career path.

  • "Find out what you like doing best, and get someone to pay you for doing it."
  • Katharine Whitehorn

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