Updated: Wednesday, July 29th, 2009

According to a new report by the American Institute of Certified Public Accountants, the number of students who graduated last year with accounting degrees - which are offered by business schools - was higher than the previous year's record level.

The report also found that in 2007-08 the gender ratio was 51 percent female and 49 percent male, a 1 percent increase in the male cohort.

"The historic growth of accounting degrees is especially significant now because it coincides with the CPA profession's programs and efforts to attract young talent," says Jeannie Patton, AICPA vice president for students, academics and membership.

"Students clearly recognize the attractiveness of accounting as a rewarding and fulfilling career path," she adds.

The popularity of accounting as a degree choice is not surprising, given that it can lead to a lucrative business career. Official statistics suggest demand for accountants will be growing by a dynamic 18 percent for the next seven years, with top salaries exceeding $94,050 a year.

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