STEM Degrees Solve US Accounting Shortage as Firms Shift Away from Outsourcing

The landscape of accounting recruitment in the United States has changed dramatically, mainly because STEM (Science, Technology, Engineering, and Mathematics) certifications have been integrated into accounting degrees. This change, led by Miles' innovative addition of business analytics to STEM degrees, has revolutionized how US public accounting firms recruit and hire. Now, finding qualified accountants for hire has become more streamlined, setting a new standard in the recruitment and employment strategies of these US accounting firms.

STEM Degrees Reshape the Hiring Landscape in the US
Accounting Firms

Historically, many US firms relied heavily on outsourcing for Accounting professional recruitment, often hiring accountants from abroad, particularly from India. This practice offered a solution to the perennial shortage of skilled accountants but came with its own set of challenges, such as logistical complexities, varying quality of work, and often, significant time zone differences affecting workflow and communication. The game-changer was the recognition of accounting as part of the STEM disciplines, an initiative that Miles Talent Hub was instrumental in promoting. By integrating business analytics—a field that leverages statistical analysis and technology for better decision-making—into the accounting curriculum, Miles has elevated the strategic importance and marketability of Indian accounting professionals in the tech-driven business world.

Benefits of STEM for US Companies Outsourcing Accountants

The STEM designation for accounting degrees has not only enriched the skill sets of accountants but also dramatically enhanced their appeal to US employers. Recognizing the enhanced capabilities of these STEM-certified accountants, US public accounting firms are increasingly inclined to hire them as onsite employees, also leading to cost-effective accountant recruitment.

Hire Your Next Accounting Expert from Miles Talent Hub Today!

Miles Talent Hub is primed with a pool of skilled accountants who are not only trained in accordance with US accounting standards but also possess a STEM-enhanced accounting degree. This combination has prompted US accounting firms to shift their focus from outsourcing to directly hiring these professionals for their US offices. As these firms look to recruit experienced accountants from India to the US, the demand for accountants in the USA is being met more effectively and efficiently. Are you ready to tap into the array of accounting specialists from Miles Talent Hub for your hiring needs?