Salary
One reason raising the salary would encourage people to choose accounting.
more comparable with other majors, cover cost of additional education, more enticing for students
Some causes of bad work-life balance.
Busy season, deadlines, CPE requirement, technology
A pathway people can achieve the extra credits required.
Master's degree, double major, minors
Number one reason people from the video did not choose accounting as their major.
Not interested in accounting.
The median salary for accountants in 2022.
$60,698
Some solutions to fix work-life balance.
boundaries, task automation, plan for seasonal/year-end work loads, prioritize health and well-being
Reasons people do not want to pursue the extra credits required.
more time, effort, and money required
Solutions to improve accounting stereotypes.
educate students at middle school and high school level, make classes more engaging
Some majors that have a higher starting salary than accounting.
Engineering, Computer and Information Systems, Management, Finance, Math & Statistics
Percentage of accountants who leave accounting because of work-life balance.
72%
A solution to solving the 150 credit requirement as a barrier to entry.
remove 150 requirement, allow credits from non-accredited programs, allow students to start taking the exam early
Fraction of accounting majors who chose their major before starting college.
More than a third