PracticeConsultingSmall firms woo trainees

Small firms woo trainees

The number of students training with small accountancy firms has soared this year, according to the latest English ICA education, training and student salary statistics published this week, bucking the trend in the profession that has seen the maxim ‘big is better’ reflected in a series of mergers.

The figures reveal a shift in graduate intake has taken place, with the mid-tier firms losing out to smaller practices. This year, the number of small firms training students increased by 7% from 742 to 795. One-fifth of students now in training contracts have chosen to train in small firms.

This year’s statistics indicate that the percentage of trainees working with Big Five firms is only slightly less than last year – 59.9% as opposed to 61.5%.

Top of the pile for training fledgling accountants is PricewaterhouseCoopers.

This year, the firm is expecting to receive 20,000 applications from prospective trainees, making it the biggest graduate recruiter in the UK.

Other survey results revealed that student entries for 1997/1998 rose by 9% to 4,547, the highest number since 1991/1992, while the percentage of women entrants continues to rise. In terms of earnings, graduate trainees can now expect to earn #14,114 a year.

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer