Accountants as Entrepreneurs: A New Era in the Profession
A recent study by the Association of Chartered Certified Accountants (ACCA) reveals a significant shift in the perception of the accounting profession. Over half of accountants view their careers as a stepping stone to entrepreneurship, with 54% of North American respondents expressing ambitions to start their own businesses. This trend is particularly pronounced among younger professionals, with a staggering 78% of Gen Z respondents aspiring to become entrepreneurs. This article delves into the findings of the ACCA’s annual report, exploring the implications for the accounting profession and the evolving landscape of career ambitions.
The ACCA Report: Key Findings
The ACCA’s latest report surveyed over 10,000 accounting and finance professionals across 175 countries, focusing on various topics such as career ambitions, hybrid working, inclusivity practices, upskilling, mental health, and employability issues. The data paints a picture of a profession in transition, with a growing emphasis on entrepreneurial aspirations.
Jamie Lyon, the global head of skills, sectors, and technology at ACCA, highlighted the importance of accounting training as a foundation for developing entrepreneurial skills. "Our 2025 data continues to show a workplace in transition, but one of the exciting themes emerging this year is how accountancy training can be a brilliant early career pathway for building entrepreneurial skills," Lyon stated. This shift reflects broader changes in career ambitions and the evolving nature of work.
Environmental Focus and Social Responsibility
The report also indicates a strong interest among accountants in pursuing careers that address environmental issues. Two-thirds of respondents expressed a desire to work in accounting roles focused on sustainability. Furthermore, 79% agreed that an organization’s reputation concerning social and human rights issues would significantly influence their decision to work there. This growing awareness of corporate responsibility suggests that accountants are not only interested in financial success but also in making a positive impact on society.
High Employability Confidence
The survey results reveal a high level of employability confidence among accounting professionals. A notable 68% of respondents indicated a desire to change roles within the next two years, with 43% expecting their next position to be outside their current organization. This eagerness for career advancement reflects a dynamic job market where professionals are seeking new opportunities and challenges.
Additionally, the preference for hybrid work arrangements is evident, with 71% of respondents favoring a mix of remote and in-office work. In contrast, only 12% expressed a desire to work in the office full-time. This shift towards hybrid working models aligns with the changing expectations of the modern workforce.
Economic Concerns and Job Satisfaction
Despite the optimism surrounding career ambitions, the report highlights significant concerns among accountants. The cost of living emerged as the top worry for 41% of respondents, with 56% expressing dissatisfaction with their current wages. The potential impact of an economic downturn was also a concern for 35% of participants. Additionally, the number of respondents worried about rising socioeconomic barriers has doubled since 2024, indicating a growing awareness of the challenges facing the profession.
Mental Health and Support Needs
Mental health is another critical issue highlighted in the report. A concerning 46% of respondents reported that work pressures negatively affect their mental well-being, and 56% expressed a desire for more support in this area. As the accounting profession evolves, addressing mental health concerns will be essential for fostering a healthy and productive workforce.
International Mobility Trends
The desire for international mobility is also on the rise, with 52% of North American respondents expressing interest in moving abroad for work—double the percentage from 2024. This trend reflects a growing globalization of the accounting profession and the increasing opportunities for professionals to gain international experience.
Conclusion
The ACCA’s latest report underscores a transformative period in the accounting profession, characterized by a strong entrepreneurial spirit among professionals. As accountants increasingly view their careers as pathways to entrepreneurship, the profession is poised to evolve in exciting ways. With a focus on environmental issues, social responsibility, and mental health, the future of accounting promises to be not only financially rewarding but also socially impactful. As the landscape continues to change, it will be crucial for accounting professionals to adapt and embrace the opportunities that lie ahead.
