The coronavirus pandemic has affected all industries throughout the U.S. and around the world. While there has been a slight drop in venture deal activity in the first half of 2020, the long-term impact on the VC field is yet to be determined. Well into 2021, many VC accountants and auditors will be working remotely and conducting meetings via video platforms. In general, employment for accountants and auditors who work with funds, trusts, and other financial vehicles will grow by 4 percent, about as fast as the average for all other occupations, through 2029, according to the Occupational Outlook Handbook. It reports that “as more companies go public, there will be greater need for public accountants to handle the legally required financial documentation. The continued globalization of business may lead to increased demand for accounting expertise and services related to international trade and international mergers and acquisitions."
Despite these positive predictions, it’s important to remember that it’s extremely difficult to land a job in the venture capital industry. Those with advanced degrees, certification, and experience in some area of alternative investments (e.g., hedge funds, private equity, etc.) will have the best job prospects.