The Power of STEM in Accounting and Its Impact on Enrollments
According to a recent Washington Post report, the current accountant shortage threatens capitalism's future. A recent Deloitte poll indicated most public company hiring managers for finance and accounting roles say their organizations have faced talent retention challenges in the last 12 months (82.4%) and expect to experience recruiting difficulties in the year ahead (82.3%). To top this, 96%+ of universities have reported declining enrollments for accounting undergrads as well as Masters.
Now is the time to look at an out-of-the-box solution. The international CPA talent pool pursuing MS Accounting (STEM) followed by a 3-year OPT, and how this pool can solve the problem. As a case study, Miles Education has recruited nearly 300 candidates across 11 schools in Fall 2023, and is working on scaling this up to 3000+ candidates in 2024.
- How to convert MS Accounting programs into STEM (including identification of the relevant CIP code).
- Why do MS Accounting STEM programs lead to better program outcomes?
- How to access the international CPA talent pool.
- What are the OPT opportunities with public accounting firms?
Varun Jain, Miles Education
Varun Jain, CPA, is the co-founder & CEO of Miles Education (India's largest CPA review now working with 20+ US universities for MS Accounting - STEM and 100+ public accounting firms in the US). Earlier in his career, he worked with Deloitte and Morgan Stanley. He is a Harvard B-School alumnus. With 100 MM+ Youtube views, he is undoubtedly one of the world's favourite CPA instructors.
Tony Bucaro, Weatherhead School of Management
Tony Bucaro, CPA, PhD, joined the Weatherhead faculty in the fall of 2015, after receiving his PhD in Accountancy from the University of Illinois at Urbana-Champaign. Prior to joining the academic community, Bucaro worked for 15 years in public accounting. He joined the international audit and accounting firm, Deloitte & Touche, in 1995, where his professional focus was financial statements and processes of large public and private companies. More specifically, he focused on the audit of business processes, risks and internal controls over financial reporting, and consulted with clients to improve their risk-related processes. Deloitte & Touche made Bucaro a Partner in 2007. He left public practice in 2010 to pursue his PhD in Accountancy and now uses his professional experience to guide practical, academic research related to effective audit processes, audit regulation, and other accounting topics, and to teach financial accounting, audit, and accounting information systems.
Uday Murthy, University of South Florida
Uday Murthy is professor and Quinn Eminent Scholar of Accounting Information Systems in the Lynn Pippenger School of Accountancy at the University of South Florida. He served as director of the school from 2011 to 2019. Professor Murthy earned his PhD from Indiana University, Bloomington. He has published over 50 scholarly journal articles in journals such as The Accounting Review, Auditing: A Journal of Practice & Theory, Journal of Information Systems, Behavioral Research in Accounting, International Journal of Accounting Information Systems, Journal of Management Information Systems, Decision Support Systems, and Information & Management. He has served as coeditor of the Journal of Information Systems, and currently serves as an associate editor of International Journal of Accounting Information Systems, and on the editorial boards of Journal of Information Systems and Journal of Emerging Technologies in Accounting. In the Brigham Young University Accounting Research rankings, Professor Murthy is ranked #4 in the accounting information systems research field overall and #1 for AIS research using the experimental methodology.
This webinar is sponsored by Miles Education