[...] Top 10 College Degrees by Demand in 2009: Demand does not always equal high pay, and this list shows why. Computer engineering is down on the list, high in salary. [...]

[...] technical / science / engineering / math / etc degree. College Degrees in Most Demand: 2009 – CNBC Top 10 College Degrees by Demand in 2009 | My Life ROI, Getting the Best Return On Life (source is from first link) Most lucrative college majors – highest starting salaries – Jul. 24, [...]

I think most college students or HS students DON’T want to get in those degrees is b/c of the difficulty involved.

I know I didn’t want to study mathematics for hours on end. There are some great fluff degrees, and some difficult degrees. I majored in Economics, and I believe it’s best to major in something you can get as high a GPA as possible, and then market yourself accordingly, all else being equal.

So, if it’s a major in home economics, fine! :)
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“Most CPA firms are not properly prepared for–or simply fail to understand–succession planning, according to a recent PCPS Succession Planning Survey. This is true for both sole proprietors and multipartner firms. In fact, most CPA firms (81%) do not have a written succession plan and 22% do not believe they need a plan of any kind. Yet a majority of firms (62%) expect succession planning to be a significant issue for their firm in the near future.”

If “most forward looking accounting firms…”, then they are a minority in the group!

It’s just something that the industry has to look at. What you outlined is a path they should go, but they need to make sure that it is a company goal or they will find themselves in trouble soon.

One of my best friends graduated with me with a history major. He hasn’t had any issues with it thus far. However, he chose to supervise a warehouse out of college and is now looking at getting a job with the government (foreign services). Both him and I had a lot of work experience coming out of college, though, so that may have helped.

As far as those majors being a straight forward path to $100,000: Absolutely, as long as they remain in high-demand. Common sense tells me that if everyone were to suddenly have a college degree tomorrow, those starting salaries would plummet.

One of my other friends dads took the path you mentioned. He was an engineer for a defense contractor. He said how they were pretty much looked at as machinists. (That was shocking) High-paid machinists, but the point was that they were the laborers. He went back to school and got his MBA so he could become the project lead and eventually got into management. He said pay wasn’t THAT much better, but benefits were.

Good point although most forward looking accounting firms will hire grads starting now to fill the upcoming void of experienced CPA’s because by the time the experienced baby boomer CPA’s start retiring then the college grads of today will have gained more experience of their own.
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Haha. My best friends sister was a film major. I think she is a stage manager down in DC or Silver Spring somewhere.

She would probably argue that it is the BEST career! ;)

“The percentage of CPA firm partners over the age of 50 has risen from 49 percent in 2005 to 53 percent in 2006 to 57 percent in 2007.”

2 years later.. so that could very well be closer to 60%! If that 60% retires in the next 15 years, even, that will be a huge hole to fill. I think we may see a lot of mergers, though, because you can’t really replace a partner with 25 years experience with a recent college grad.