RegulationAccounting StandardsExtremely favourable market for newly qualifieds

Extremely favourable market for newly qualifieds

Opportunity to earn bigger salaries

Latest figures from financial recruitment specialist ECHM have revealed that
newly qualified ACA, ACCA and CIMA accountants can expect to earn 14% bigger
salaries than 2005 graduates.

The recruiter said the current gap between demand and supply across all
sectors of the economy, meant that new recruits were entering an extremely
favourable job market

According to ECHM, newly qualified ACCAs can now earn a basic salary up to
£43,000, while newly qualified ACAs within commerce and public practice can now
earn up to £48,000 compared to £45,000 last year.

Salaries for newly qualified CIMA accountants increased 7% to £45,000 in 2006
with companies offering basic salaries of up to £45,000 from £42,000 in 2005.

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