Accounting Job Opportunities
Most people anticipate this pigeonholed effect and try to expand their expertise by switching jobs every few years. Doing so prevents them from being stuck within a particular industry, as well as increases their knowledge base and provides for a new intellectual challenge. Most importantly, switching jobs within the accounting industry frequently results in a significant bump up in salary. Yet job-hopping accompanied by short duration of employment can be perceived to be a poor reflection of a candidate's overall commitment or dedication, and might be viewed as a red flag on a resume.
Historically, public accounting firms have faced roughly a 25 percent turnover ratio every year. This is still the case, since most accountants working for the Big Four stay with them for only a few years, which is sufficiently long to progress from staff accountant to senior accountant. Those who have worked as senior accountants for at least one year had a chance to supervise staff and to lead engagements, so they can leverage this leadership experience to get a better position and higher pay at a different company.
Working for a public accounting company (especially for one of the Big Four) places individuals on a very lucrative career path. There is a high demand for well-trained accountants; those working for the Big Four often receive multiple calls on a weekly basis from headhunters offering to place them with a different firm. Some of these job offers may be hard to resist, despite the fact that raises in public accounting typically range between 8 to 14 percent. Aside from direct recruitment, industry-specific job boards (such as www.accountingjobs.com.au) are another common way in.