Could Declining Finance Vacancies Cause Accountancy Job Surge?

There has been a significant drop in vacancies available in the finance sector recently, which could result in a rise in the number of people seeking accountancy jobs. 

A report published in The Telegraph revealed there has been a 28 per cent increase in London financial services jobseekers during the third quarter of the year in comparison with the same period in 2021.

However, there are fewer positions available for finance workers, with vacancies having fallen by 30 per cent from the second quarter of the year to Q3. They are also 21 per cent lower than during the third quarter of last year. 

With so many people competing for jobs in the finance sector, more jobseekers could change course and consider a role in accountancy instead. As well as having a better chance of getting a job, there are many reasons to become an accountant. 

ACCA points out accountancy is a highly flexible career path, as the skills you pick up can “turn you into a highly sought-after finance professional who can work across teams and in strategic, diverse roles – all the way up to the boardroom”. 

It added there are prospects for career progression, good salary expectations, and development opportunities. 

Becoming an accountant can also be very fulfilling, according to the University of Alabama at Birmingham.

“It’s a great way to engage with the practical applications of mathematical and economic concepts – all while helping hardworking business leaders keep their companies afloat,” a spokesperson stated.

Accountancy is also a reliable and steady career, as businesses will always need an accountant. This could be very appealing during these difficult economic times. 

Take a look at our auditor jobs in Brighton here.