PracticeAccounting FirmsMore accountants make it to the top

More accountants make it to the top

An increasing number of chief executives for top companies have a background in accountancy or finance, according to a new study.

Link: Accountant to share chief exec role at retailer

The report by Elisabeth Marx, a director of recruitment company Hanover Fox International, found that 41% of FTSE 100 chief executive come from an accountancy background compared to just 24% when the survey was last carried out in 1996. The figures will offer a boost to ambitious accountants across the country.

The survey also found that the average age of CEOs had risen from 49 to 52 despite an increase in the number of people under 45 taking on the role. The average tenure for a chief executive in their role has also fallen from 5.6 to 4.05 years.

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