Gen Z is embracing accounting as a lucrative career opportunity, defying stereotypes of the profession as boring.
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With many baby boomer accountants retiring, there is a growing demand for young professionals to fill the gap.
Programs like the IRS Volunteer Income Tax Assistance (VITA) are providing valuable experience for students and helping low-income individuals with tax filing.
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Rafael Efrat, the director of the VITA program, mentioned that engaging in accounting practice changes young people’s views about the field, as they see its real-world impact.
Young people may be attracted to accounting not only for altruistic reasons but also for the potential big paycheck, with accountants making an average of $93,000 per year and CPAs earning nearly $200,000 annually.
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Depending on experience and industry, accountants can earn up to $122,000 a year, making it a lucrative career choice for Gen Z.
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