Statistics and facts in the accounting industry in the USA
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Accounting and finance are set to grow at a phenomenal rate in the United States. Things are only going to get better with burgeoning revenues and better qualified professionals joining the workstream in the days ahead. Go through this insightful infographics in order to get a bird’s eye view of the accounting and finance industry in the US. Learn what are the trends that the industry will follow and expect some big numbers thrown in.
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Statistics and facts in the accounting industry in the USA
- 1. Accounting & Finance is considered among the 20 fastest growing occupations Female accountants earned just 76% of the wages of their male counterparts 56% Plan to hire accounting degree holders Accountants and auditors can expect a 13% growth in their occupation while financial analysts will see 16% growth over the same period 57% Firms plan to hire candidates with a bachelor’s in finance In 2013, there were 1.17 million accountants and auditors and 1.59 million bookkeeping, accounting and auditing clerks employed The revenue of the accounting, tax preparation and payroll services industry reached approximately 137 billion U.S. dollars in 2013 In the 5 years to 2013 industry revenue increased at an annualized rate of 2.0% to $99.1 billion The US accounting services industry, expected to rise a pedestrian 1.3% this year, to $72.9 billion The Accounting firms were leading with a net profit margin of 19.6% In 2013, revenue for the Accounting Services industry increased by 5.3% Followed by real estate lessors at 16% and automotive equipment rental and leasing at 15.8% By 2018, accounting industry is expected to generate around 160 billion Accounting services, specifically, accounted for 94 billion U.S. dollars in 2014 Leading accounting and auditing firms made around 40 billion U.S. dollars in 2013, employing more than 71700 people Number of accountants /auditors were forecasted to rise to 3.44 million in 2022 People using accountancy services in the U.S. appears to have dwindled by approximately 4 million www.orchestrate.com success@orchestrate.com Toll Free: 800-232-5130 References 1. http://www.statista.com/topics/2121/accounting-industry-in-the-us/ 2. http://blog.accountingprincipals.com/ Accounting & Finance - Hiring Insider Revenue : Rich, Richer, Richest What is there in Store? Accounting Industry in the USA 1 2 3