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Bean counting remains top choice for accounting majors

KNOWN as one of the most tiring jobs, accounting remains an attractive career with more than half of accounting majors planning to enter the industry after graduation, a survey showed.

Accounting specialists suggested that students, and also professional accountants, lower their work expectations and treat pressure properly.
Accounting firms should also design reasonable workloads that allow their employees to strike a balance between work and life.

According to a latest survey by CPA Australia, which interviewed more than 700 university students with accounting and related majors, a dominant 64.4 percent of respondents agreed that the outlook of the accounting industry in China was positive.

Among the respondents, 48.6 percent said they would like to join accounting firms, best known for their high salaries, but at the same time heavy workloads and overtime demands. Another 38.2 percent of respondents said they would like to join financial companies, like commercial banks, investment banks, venture capital and private equity investment firms.

"Being an accountant is still attractive for students, although it is recognized as a very tough job," said Danny Tong, vice president of the CPA Australia Shanghai Committee. He said in foreign countries, being an accountant was also a demanding job.

"To avoid tragedies as that happened in Shanghai earlier this year, accounting firms should design proper workloads, pay good attention to communication with their employees, and coach them to strike a balance between work and life," Tong said. "Accountants should also have reasonable expectations from their work."

In April, Pan Jie, 25, an entry-level auditor at the Shanghai office of PricewaterhouseCoopers died of acute cerebral meningitis, igniting heated public discussion on whether extremely long work hours had contributed to the woman's death.
The survey also showed most respondents expect a monthly salary of between 3,000 (US$476) and 6,000 yuan for entry-level accounting graduates.



 

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