A report by the Pew Research Center demonstrates that a young worker may learn to how to become a certified public accountant after starting a career. The research was developed in a 2010 survey that focused on the characteristics and behavior of individuals between the ages of 18 and 29. This generation is described as confident and open to change.
Findings in the report provide a map for recruitment practices by CPA firms as well as professional development considerations for young workers, who the report refers to as “Millennials.” Individuals of that age group have not yet achieved the educations level of the preceding GenXers. Millennials are weighing their options as they face a challenging employment market. As they discover the demand for accountants, many of them will advance their education with CPA examination courses.
Despite a harsh economic environment, Millennials remain confident. Although about two-thirds of them reported earning less than optimal income, 88 percent expect to earn enough for a good life. That exceeds the confidence levels of both GenXers and Baby Boomers. Instability in the job market for earlier generations contrasts with the expectation by Millennials of a strong financial future. Fulfillment of that plan requires pursuit of careers in high demand, such as accounting. That path demands further education and passing the certified public accountant exam.
Millennials keep abreast of trends by staying well connected online. This should permit them to navigate through expected long careers as a result of their significant life expectancies. The fast pace of communication among Millennials provides them with opportunities to locate new challenges. This can translate into starting out in staff accounting positions and later advancing to CPA study. Consequently, accounting firms will endeavor to groom promising Millennials for attaining the CPA designation.
Consistent with economic conditions of recent years, Millenials have maintained flexibility. They are open to such workplace patterns such as telecommuting and flexible hours. Relocation to new areas is seldom a problem for Millenials because only 22 percent of them own a home compared to 71 percent of individuals age 30 and over.
Millennials understand that job security is tenuous. They realize the significance of gravitating toward such high profile positions as accountant. Two-thirds of Millennials expect to change careers in the future. In fact, nearly 60 percent of them have already switched careers at least once. That makes this generation the most open to pursuing CPA exam prep after entering the workforce.
As CPA firms compete for the best employees, Millennials represent a significant wave of new talent. Attracting these individuals to the accounting profession requires offering stable employment and opportunity to study for the CPA examination after starting accounting jobs.
IRS Circular 230 Disclosure
Pursuant to the requirements of the Internal Revenue Service Circular 230, we inform you that, to the extent any advice relating to a Federal tax issue is contained in this communication, including in any attachments, it was not written or intended to be used, and cannot be used, for the purpose of (a) avoiding any tax related penalties that may be imposed on you or any other person under the Internal Revenue Code, or (b) promoting, marketing or recommending to another person any transaction or matter addressed in this communication.
Tags: certified public accountant exam, CPA exam prep, CPA examination courses, CPA study, how to become a certified public accountant
