Many minorities in the state of California and around the country often find that they are required to work for lower wages than their Caucasian counter parts. This circumstance isn’t always based solely on the evil hands of discrimination and overt actions of a few powerful people. In many, if not most, cases many minority groups tend to earn less money because of their job descriptions, roles in the company, and overall ability. Discrimination can some times play a bigger role in who is chosen for a job than how much one is paid for the job.
This makes sense in that internal accounting departments of companies rarely, or at least aren’t supposed to, look at race for raises and promotions. These outward characteristics are often looked at during the hiring process though.
Forbes recently wrote and article about how Asian American men are more likely to earn more money than their white counterparts because of these vary reasons. The overall education levels of average Asian Americans applying for professional jobs in California are more advanced than the majority and clearly more advanced than other minorities.
I believe this is a huge step forward for Asian Americans and goal that has been out of reach for a long time. Most companies are concerned with education and merits of employees during the hiring process. Asian Americans’ standardized test scores have consistently out ranked other racial groups in the state in areas such as business and finance. Many other minority groups could even answer the question, what is accounts receivable turnover, while their Asian American business major counter parts could give detailed explanations of how business should use accounting systems to analyze current market trends, asses demand levels, and create opportunities in the market place for new product and idea promotion.
Business is an environment where current Asian American graduates are excelling in the state of California. More than one half of business major graduates with income above the state averages are expected to be Asian American. This is a large advancement compared with prior decades when only a fraction of this ratio could have been realized. Accounting information systems tends to be the degree path of choice that employers are looking for.
Since most companies are concerned with how to control their inventory Turnover ratios with concepts like just in time inventory systems and future predictive methods for judging the amount of merchandise needed to purchase in order to meet future demands. Finance and accounting majors are particularly prone to understanding these technical business issues and are better suited to help guide companies in the right direction.
That is why Berkley just announced a new program dedicated to helping Asian Californians gain access to higher levels of education. All in all, the advancement that has been made in the last few decades is astounding. That’s not to say that we are done fighting for equal rights and general equality. There will always be room to grow, but at least we are seeing positive changes in the present.