Gen Z Reinvigorates Jobs Dubbed ‘Boring’ by Millennials and Rakes in Big Profits
The resurgence of interest in certain professions among Generation Z is reshaping the workforce landscape in the United States. A recent report reveals that Gen Z is gravitating towards careers previously deemed unappealing by millennials, such as accounting, and finding lucrative success in the process.
Generation Z Sees Lucrative Prospects in Accounting Careers
Contrary to the stereotypical image of accountants working monotonously in uninspiring offices, today’s young professionals are redefining the perception of the profession. A 2022 study highlighted by financial magazine Fortune previously labeled accounting as the second-most boring job, second only to data analysis. However, Gen Z is increasingly tapping into the rewarding potential of accounting, seizing six-figure opportunities.
Mass Retirements Create Opportunities for Young Accountants
With millions of baby boomer accountants nearing retirement and approximately 340,000 having left the profession over the past five years, a significant gap has emerged. This void has opened doors for Gen Z, many of whom are beginning their accounting careers even before completing their college education.
IRS Volunteer Income Tax Assistance Program: A Stepping Stone
One notable initiative gaining attention is the IRS Volunteer Income Tax Assistance (VITA) program, founded over 50 years ago at California State University, Northridge. In 2024, the program saw hundreds of students assisting over 9,000 low-income Americans, helping them claim nearly $11 million in tax refunds and $3.6 million in tax credits.
Rafael Efrat, director of the VITA program at the university, emphasized how real-world experience has changed students’ perceptions of accounting, making it more appealing. “Once they engage in the practice, it changes people’s minds and views,” he told El-Balad.
Financial Incentives Drive Interest in Accounting
Beyond altruistic motives, financial incentives are also drawing young people to the accounting field. According to job site Glassdoor, cited by Fortune, accountants earn an average of $93,000 annually. Experience and industry specialization can push earnings to $122,000 or more, while certified public accountants (CPAs) can command salaries nearing $200,000.
As Gen Z continues to enter the workforce, their fresh perspectives and enthusiasm are reshaping perceptions and transforming traditional career paths into exciting and rewarding opportunities.
