Regulatory and compliance accounting roles to see the biggest hike in salaries next year, as regulation bites financial services
COMPLIANCE AND IT audit roles are set to see the biggest rise in salaries among the profession in 2013.
A survey by Robert Half has found that risk and compliance salaries are expected to rise by 5.4% in 2013, while most other rungs of the profession will see between 2.5% and 3.6% rises.
The rise in compliance salaries is predicted due to increasing regulation and financial services.
Increasing sentiment around the outlook for business will see above inflation increases.
Phil Sheridan, managing director, Robert Half Financial Services, said: “Finance professionals in particular are benefiting from this optimism as companies look for additional insight and strategy into business process improvement, cost savings and new sources of revenue.”
Some 39% of respondents believe salaries will increase next year, with 50% expecting them to stay the same. Just 8% expect them to decrease.
Management positions for regulatory accountants should rise by 3.7%, while an accountant with four to seven years’ post-qualification experience can expect a 2.5% rise. Newly qualified to three years’ PQE could see a 3.6% rise, while others should see a 3.4% increase.