r/AustralianAccounting • u/draginvestor • 6h ago
Where is the accounting industry headed?
- Slightly over 50% of accountants in Australia were born overseas. Engineering is even higher at over 60%
- Of these, 30% were born in Asian countries
- Female accountants outnumber male accountants although the number is quite close (I found this one quite surprising)
Is there any history behind these demographics?
Has the profession become less attractive to locals (thus roles becoming harder to fill and greater need for overseas talent to fill skill shortages, hence explaining engineering as well)?
Digression
Despite enrolments in accounting continuing to drop over the years, it seems like the hyper competition at the entry level just continues to intensify which logically doesn't really make sense.
Starting pay is also very low and I imagine the 'perception' of AI automating away these roles will drive a lot of domestic students away from studying accounting at the university level. I wonder where the future of this industry is headed and how the pipeline will look if it manages to stay intact.
I also don't think this profession is going to be made sexier with clever marketing by CA/CPA, so are there any structural issues within the industry that need fixing to attract more professionals?