Why a Career in Finance is a Good Bet

Finance managers are facing talent shortages, staffing firm Robert Half reports. That’s a condition that makes jobs available and wages higher for qualified professionals.

Benchmarking the Accounting & Finance Function 2017, a new report from Financial Executives Research Foundation (FERF), the research affiliate of Financial Executives International (FEI), and Robert Half, looks at the finance scene.

Finance and accounting executives remain under constant pressure to do more with less, with 62 percent of the largest surveyed organizations reporting that their teams are at least somewhat understaffed.

“The tight job market for skilled accounting and finance talent, combined with a growing wave of baby boomer retirements, is leading to staffing shortages,” said Paul McDonald, senior executive director for Robert Half.

“Many businesses are struggling to find the talent they need to handle general accounting duties; some have found it more effective to staff certain roles with interim professionals,” McDonald said.

Most companies, except for large firms with $5 billion or more in revenue, will be investing in the key finance function areas of budgets and analysis this year. The largest firms are focusing most of their investment on finance.

This spells opportunity for qualified people.

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