While U.S. markets are getting squeezed, talk of recession continues, and Wall Street firms hand out pink slips by the hundreds, accounting firms are expected to buck the trend. The Big Four accounting firms plan to hire roughly the same number—or more—of interns and entry-level employees for 2008 as they did last year. “Whether firms are prospering or in distress, they must file reports, such as financial and tax,” said Stephen T. Limberg, director of the professional accounting master’s program at the University of Texas at Austin, which won U.S. News & World Report’s top ranking for accounting programs. In 2007, UT Austin had 310 undergraduate- and graduate-level accounting students, up 15 percent from five years ago.
The Wall Street Journal
Accountants Can Count on Jobs