A VISUAL REPRESENTATION OF KEY INDUSTRY INSIGHTS & TRENDS*
November 2024: Sydney’s Public Accounting Industry Insights
Sydney’s November’s Monthly Industry Insights (MII) report for reveals the latest statistics on public accountant employment patterns, the flow of talent, and major shifts among employers. Here’s a closer look at the report’s key findings and what they mean for accounting professionals and employers.
Public Accountant Employers
Leading Employers: The largest employers in Sydney’s public accounting sector include:
- Pitcher Partners (70, no change)
- William Buck (49, increase of 7%)
- BDO in Australia (43, increase of 10%)
- RSM in Australia (43, increase of 19%)
Each of these firms has seen notable growth since last year.
Sydney’s Public Accounting Workforce Snapshot
Total Employment: Greater Sydney is home to over 7,236 public accountants.
Demand: The demand for accountants remains very high.
Tenure: Accountants in Sydney typically have a median tenure of 1.7 years, suggesting a moderately high turnover and potential opportunities for fresh talent.
Job Changes: In the past year, 2562 public accountants in Sydney have changed roles.
Location of Public Accountants
The number of public accountants across major Australian cities (change from previous year).
- Greater Sydney Area: 7,236 accountants (3% decrease)
- Greater Melbourne Area: 6,106 accountants (4% decrease)
- Greater Brisbane Area: 2,502 accountants (6% decrease)
- Greater Perth Area: 2,216 accountants (4% decrease)
- Greater Adelaide Area: 1,713 accountants (3% decrease)
Skilled Labour Movement
This section shows major changes in public accountant employees in the last year.
- Walker Wayland NSW Sydney: increased by 27%
- Hall Chadwick: increased by 12%
- Kelly + PArtners Accountants: decreased by 21%
- Boroughs Australia: decreased by 18%
These numbers highlight which firms have seen the most significant shifts in their public accountant workforce, indicating growth for some and reduction for others.
Flow of Talent
Sydney public accountant changes in job titles over the past year:
- Financial Services: -22
- Business consulting: -14
- Education Admin: 8
- Restaurants: 11
Talent Pool Experience
Sydney public accountant changes in job titles over the past year:
- Accountant: 4,643 (↓ 2%)
- Senior Accountant: 908 (↓ 5%)
- Assistant Accountant: 615 (↓ 3%)
- Graduate Accountant: 135(↓ 19%)
- Intermediate Accountant: 187 (↓ 4%)
- Junior Accountant: 282 (no change)
These figures indicate percentage decreases across various accounting roles, with the largest reductions seen in Graduate and Senior Accountant positions.
