Should I Continue Pursuing an Accounting Career After Recent Layoffs in Washington DC?
Hi everyone, I’m a 25-year-old male auditor based in the Washington DC area. I graduated with honors from a reputable small liberal arts college in 2022 with a BS in Accounting. Initially, I started my career at a Big 4 firm but was laid off in 2024 due to a mass reduction in workforce. After that, I secured a position with a government contracting firm, which unfortunately also laid me off in December. I then accepted an offer from another contractor, only to have it rescinded when their major contract fell through.
Since then, I’ve been on the job hunt and have already applied to over 100 positions. I’ve consulted with my school’s career office, who assured me that my resume looks solid and that the current job market is tough. I have passed one section of the CPA exam and hold a secret clearance. Despite my efforts, including reaching out to temp agencies and multiple recruiters, I’ve had little success so far.
With my emergency fund exhausted due to unexpected car repairs and my current unemployment being unsustainable, I’m in a pressing situation. I’m beginning to wonder if Accounting is still a viable long-term career path for me. Should I consider relocating to another city for better job prospects? I had anticipated that living in such a major city would provide a diverse job market that could offer greater job security, even during government budget cuts. I’ve also applied to various local private companies, including Hilton and Marriott, as well as smaller and larger public accounting firms, nonprofits, and government agencies, but haven’t received any offers.
Here’s a brief overview of my resume:
- Various retail/customer service roles during high school and college
- Internship with the finance team at a nonprofit in Summer 2021
- Big 4 firm: Spring 2022 – Summer 2024 (working with a government client)
- Contractor firm: Summer 2024 – December 2024 (working with a different government client)
I’m looking for advice on what my next steps should be and where I should focus my job search. Thank you for your support!
One response
It sounds like you’re going through a really tough time right now, and it’s completely understandable to feel uncertain about your career path, especially after multiple layoffs and ongoing challenges in your job search.
Here are a few suggestions to consider:
Expand Your Job Search: While you’re focused on Accounting, it might be helpful to broaden your search to include roles in finance or business operations, which can utilize your skills but may offer a wider range of opportunities. Positions in budgeting, financial analysis, or compliance could also be relevant and possibly less competitive.
Networking: Leverage any connections you have from your time at school, internships, and previous jobs. Reach out to professionals on LinkedIn, attend industry meetups, and join accounting-related groups. Sometimes job opportunities come from personal connections rather than traditional applications.
Consider Relocation: If you’re open to it, looking at job markets in other cities could be beneficial. Areas with a strong demand for finance and Accounting professionals might have better opportunities. Research cities with growing economies or major industries that require financial expertise.
Temporary/Part-Time Work: While this may not be ideal, consider taking temporary or part-time positions in related fields. This could help alleviate financial stress, expand your network, and provide you with recent work experience to add to your resume.
Further Your CPA Progress: Since you’ve already passed one section of the CPA exam, consider focusing on continuing to pursue your CPA designation. Holding a CPA can significantly enhance your employment prospects and potential earning power.
Look into Related Certifications: In addition to the CPA, consider other relevant certifications (like CMA, CFE, or CIA) that can set you apart and make your resume more appealing to employers.
Stay Positive and Persistent: Job searches can sometimes take longer than expected, especially in a difficult market. Make sure you’re taking care of your mental health during this stressful time. Surround yourself with supportive friends or family, or consider reaching out to community resources for job seekers.
Remember, it’s okay to reassess your career path if Accounting doesn’t feel right after this experience, but before making any drastic decisions, consider all available options. Good luck, and stay resilient!