The future looks bright for accountancy graduates, with the news that their industry sector could be the most prolific source of job openings in the coming months. According to a report from High Fliers Research, accounting and professional services firms will be offering the most substantial numbers of graduate vacancies in the coming months.
This is despite the caution created by Brexit and it flies in the face of the doomsayers who believe cloud computing and automation are putting accountancy jobs under threat.
According to the research, the UK’s top employers are increasing their graduate recruitment by 4.3% in 2017. This will be particularly good news if you are about to start your degree final year or you are considering doing a top up degree.
Making the right connections counts
However, the report also suggests that employers have less money to spend on their hiring processes. So, it would appear that the vacancies exist for graduates willing to connect to companies and actively seek job opportunities, for example via college placements.
Global skills gap
Employers in the public sector, professional services and accounting have expressed concerns that graduate vacancies have been left empty, due to insufficient numbers of qualified applicants. Furthermore, the UK is not alone in this shortfall; there is evidence of a global shortage of skilled accountancy and financial professionals
This is partly due to compliance issues multiplying and becoming more complex, such as the new pension regulations in the UK and the global impact of the EU’s General Data Protection Regulation. It also results from the pressure on companies to use blossoming financial prediction tools and methods to underpin diversification and growth.
For graduates willing to move abroad after they gain qualifications from UK colleges, the options are even more abundant. Some developing countries are reporting acute skills shortages, particularly in STEM (science, technology, engineering and mathematics) related topics.
In a league table of skills shortages created by the World Economic Forum, the outright leader was Japan, with 81% of companies reporting that they are having problems recruiting qualified staff across a wide range of disciplines. India, Brazil, Turkey and Mexico lined up behind Japan, admitting to deficiencies in their local talent pool.
Greece, Italy and even Germany reported a serious shortfall. The UK came further down the table, but still had a significant 12% of employers admitting to skill shortages.
To fill these UK and global gaps, there has never been a better time to enrol on a degree course at college in London. Contact Mont Rose College in Ilford to make the most of the growing range of jobs on offer.