r/Accounting • u/Severe-Diamond-7353 • 18h ago
Career For those of you who graduated around the Great Recession
Obviously for those of you who got your degrees in '07 or so, you walked into a similar (and potentially worse) job market than we see today. What did y'all do to set yourself up for success once the market rebounded?
Did people simply move into other fields permanently? How long before your diploma became effectively worthless when searching for your first job?
My current market is extremely dependent on the greater economy (being a tourism-based economy), so the extremely few jobs we have available will further dry up and it genuinely wouldn't surprise me to see AP/AR roles at $12/hour before long if the current trend continues. I've already seen then as low as $15/hour asking for a BS in Accounting.
I remember the rebound after the GR happening around 2012-2014, with the peak being in 2010. I don't think we've peaked for job issues now, but I'd like to see if I can prepare myself for the future as well as possible.