High Salary Trend In Accounting Industry

Industry brief

Accounting industry has been the evergreen tree in traditional industries. The near future In a large job fair, accountants have become the targets of many companies. There is no doubt that the shortage of financial and financial talents is a good thing for graduates. Many college students have given up their majors and choose a good accounting profession. With the development and change of China's economic environment, the accounting industry has new development trends and bright spots.

　 Low industry risk

No matter what the size of the company is, they all need it. Finance and accounting Personnel to ensure normal operation, we can say that accountants are the core personnel of the enterprise and the key role of the organization. For example, financial accounting system or enterprise audit is the core of enterprise development. Only by taking the accounting department as the main component of the enterprise strategy implementation system, can the company develop better. At the same time, the accounting industry is relatively special, the company can not change the accounting personnel frequently, so the accounting staff mobility is relatively small, the risk of engaging in this occupation is also low.

From a macro perspective, the development of accounting industry has matured, and all kinds of relevant industry laws and regulations are relatively sound. Wang Jun, Vice Minister of finance, said in his "Shanghai Jiangxi finance and economic development forum" that he hoped to build tens of thousands of high-end and internationally qualified accountants in ten years. This speech also gives us a signal that accounting is a key industry promoted by the state in the past ten years.

Talent demand

For a long time, the accounting profession is a great demand for talents. field However, the lack of excellent financial management personnel in China can not meet the needs of national economic development and enterprise development, so the whole industry needs a lot of fresh blood to supplement. Every year, 5 to 60 thousand of accounting graduates can only meet a small part of the talent demand of enterprises. Most of them are filled by non accounting graduates.

The implementation of the new accounting system in January this year will help to bring the Chinese market to the international market and attract more foreign investors to invest in China. It is bound to require more accountants to assist foreign companies in operation. According to the financial times, the number of employees of the "four largest" accounting firms in China in the past 07 years has increased by more than 20%. With more companies going public, the business of "four big" accounting firms will increase one by one, and the number of employees in 08 years is still rising.

Career prospects

The accounting industry can be said to permeate all walks of life. It is not only the backup support of enterprises, but also the key to the operation of the company. According to statistics from well-known headhunting companies in Shanghai, the probability of being promoted from the accounting department to the core leadership of the company is 10% higher than that of other parts. In recent years, as enterprises become more and more aware of the importance of accounting departments, CFO (chief financial officer) has gradually become a hot demand for talents. Although there are few CFO in Chinese enterprises, corporate finance personnel have shifted from traditional "bookkeeping" to executives who are involved in strategic decision making.

According to statistics, there are about 140 thousand registered accountants in China. If we consider the needs of future industries, we need at least 300 thousand CPA. If you want to become a high-end certified public accountant, you must start from the basic work, and solid business knowledge will become the cornerstone of future career path. The financial industry also provides a broad space for development. Forensic accounting is a new profession in the accounting industry. It is a new trend in the development of accounting industry in the future.

High salary trend

According to a survey, the average salary of Accountants in 2006 was 53918 yuan, an increase of 23.65% compared to 2004. The salaries and salaries of accountants are closely related to their academic qualifications. Salaries have also improved significantly with the improvement of academic qualifications. As a person engaged in the industry, excellent business skills and knowledge are very important, and qualification is also an important factor in salary. The Ministry of Finance and the Ministry of personnel jointly organize the national accounting professional qualification examination. The number of applicants per year is over 1 million, which is the basic qualification test for accounting work. Like CPA certificate, the average monthly salary of a certified public accountant in China is over 5 thousand. If promoted to the position of chief financial officer, the average annual salary can reach 230 thousand yuan. For accountants, qualifications are necessary if you want to have a bright career prospect.

The training of accounting profession in China is a key business in the country. Standardizing the training market is also one of the contents of creating accounting talents. A number of talent intermediary companies in Shanghai say frankly that there are no high-end accountants in the Shanghai talent market, and many enterprises are faced with the difficult problem of paying high salaries to good accountants. In this regard, financial training institutions have eased this situation to a certain extent. Every year, the training institutions provide many excellent accounting talents to the society, and the financial accounting scholars continue to put forward higher requirements for the training institutions, thus forming a virtuous circle of "teaching and learning".