The job market has been a challenge for many, but that may be changing for 2013 graduates in the legal and accounting fields. In the articles “Demand for Accounting Grads Reaches All-time High” by Chris Baysden published in the Journal of Accountancy and “One in Three Lawyers Plans to Add Staff in Second Half of 2013: Litigation Driving Hiring” released by Robert Half Legal, there is an increase in demand for graduates in both fields.
Baysden states, “A new study examining supply and demand trends in accounting found that the profession is thriving-with College enrollments, degrees awarded, and demand for new accounting graduates all reaching all-time highs.” Graduates with a technical understanding are needed with recent changes in the technological landscape. Firms are looking for graduates who can combine their recently acquired accounting knowledge with IT skills and analytical skills.
The job market is not only looking up for accounting grads, but for grads in the legal field as well. According to Robert Half Legal, “The legal field should see more hiring activity in the months ahead…” What is causing the increase? Well, research suggests it’s a surge in litigation. According to Charles Volkert, executive director of Robert Half Legal, firms are looking for graduates with business development skills and a specialty.
Accounting firms and legal firms alike are finding ways to attract recent graduates. They are offering higher salaries, relocation assistance, promoting a work-life balance, and professional/career development opportunities. In a time when the market has been less than optimistic, there are bright spots.
To read more about the increase demands in the legal and accounting markets please visit http://legal.rhi.mediaroom.com/index.php?s=421&item=1711 and http://www.journalofaccountancy.com/News/20138181.htm