PracticeConsultingAccountants come out on top in earnings list

Accountants come out on top in earnings list

Accountants’ wage packets are growing at a higher rate than the pay of managers in other areas of business, especially among the lower ranks of management, a survey by wage consultants at The Reward Group has found.

The Management Salary Survey, which covers non-director management levels of 1,000 employers with a total of over one million staff throughout the UK, showed that pay settlements increased by an average of 3.4% last year, but accountants’ pay rose by 4.4%.

Broken down by rank, accountants in senior management positions earn #38,000 on average, a 3.2% increase on their salary of a year ago.

Middle managers earn around #25,000, up 4.5% on last year, and supervisor-level accountancy staff enjoyed a wage rise of 6.2%, more than twice the survey’s national average. Average earnings for this level were #15,000.

The survey also found that while high-ranking accountants were just as likely to have company cars as non-accountants of similar rank, only 0.4% of supervisor level accountants had company cars, compared to 9.8% of supervisors in other fields.

Robert Half International’s salary survey, reported two weeks ago in Accountancy Age, found qualified accountants cashing in 10% pay increases if they switched employers, or 3.6% if they stayed put.

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