Accountancy is faring well during the economic downturn with demand for staff up significantly year-on-year and competition fierce for new recruits.
The year ahead will be a challenging one, making demand for top accountants even greater as organisations seek to become more efficient, cut costs and drive business growth strategies.
According to new data released by Reed, demand for new accountancy staff is up 11% for pre-qualified accountants and 12% for fully qualified accountants compared to December 2009.
This is nearly treble the rise experienced by the economy as a whole with growing demand from the private sector responsible for this increase as new public sector jobs continue to fall to less than half their level of a year ago.
Competition for new roles remains high and as such salaries for new accountancy jobs are likely to remain flat in 2011. However, if private sector growth continues, skills shortages will become more apparent and drive salaries up in the year ahead.