Brazil Accountancy Jobs Grow by 60%: Recruiting Firm

Sarah Woodman, Global events journalist
October 11, 2010 /

Over the past two years, Brazil has seen a 60% growth in the number of jobs in accountancy.

The survey has been conducted by Marks Sattin, which is a recruiter specializing in providing jobs to accountancy professionals.

Mark Sattin says that business expansion and sustained economic growth are responsible for the increase in the number of jobs in the sector.

The firm has said that the other reason which can explain the rise is the country adopting the IFRS (International Financial Reporting Standards) in its business world.

Accountants in Brazil are the second highest paid in the whole world. This has been revealed by a finding in an international comparison which is measured by purchasing power parity (PPP).

The country is now ahead of both the UK and USA, considered the haven for accounting professionals. Accountants in Brazil now have an average monthly income of £3,671.

A national survey in Brazil in the month of July this year saw that the country had 439,051 registered accountancy professionals. This figure has been found to be up by 7% from the month of July in 2009, when it was 410,596.

Mark Sattins says that if the trend of rise in accounting professionals continues, the country could see 500,000 people working in the sector by the middle of 2012.

Mark Sattin said that it has identified a change in the attitude of small and medium sized businesses in Brazil. This change is what has driven the growth of the number of accountants working in the country.

Daniel Santiago Faria, who is the Country Manager-Brazil of Marks Sattin, said that the “change of perception of the finance function has been the game changer for the discipline since IFRS adoption was set in motion in 2006.”


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