Are New Graduates Getting Squeezed by the 150 Hour CPA Requirements?

via goingconcern.com

"I listened to some accounting professors on a private listserv discuss the following question:

“What is the impact of the 150 hour requirement on accounting education, career choices for graduates and the public accounting firm business model?”

The Big 4 firms are delaying new hire start dates. What’s the best use of
that time? Will passing the CPA exam quickly give you an advantage if some
offers are rescinded or the firm continues to cut experienced staff? How can an
undergrad with a <150 hour degree get the extra hours once you start working
eighty hour weeks? Accounting is still touted in the media as a safe career. How
does a career-changer with a non-business undergraduate, or an undergraduate
without the currently required number of hours of eligibility for the CPA, meet
the requirements cost effectively?..."
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Source: Going Concern | re: The Auditors