Accountancy Pay Levels up 3.11% on Year

Thursday, June 9, 2011 Print Email

Permanent salaries in the accountancy sector are up 3.11% year-on-year, and pay levels for skilled candidates are on the rise according to the latest survey from recruiters Badenoch & Clark.

Auditors’ salaries rose by around 4% in London and the south east and over 3% in the rest of the country, while management accountant salaries went up by 3.95% to an average of £41,000 in London, £35,000 in the south east and over £30,000 elsewhere, according to the company’sTalent Spotlight analysis of recruitment and salary trends in May.

The findings show contract salaries went up only slightly, with a 0.05% year-on-year increase. Financial analysts and finance project manager rates rose by 0.1%, and rates for assistant accountants also increased by 0.2%.

The survey identified strong demand for audit and tax experts, along with an increase in financial analyst roles.

Heidi Waddington, operations director, accounting & finance, Badenoch & Clark, said: ‘As companies gear up for the upturn in the economy, accountants who can identify emerging trends, analyse performance, review costs and forecast growth are in demand.’

Waddington added that close financial management and operational transparency in the postrecessionary marketplace is increasing demand for audit and tax experts, along with knowledge of regulatory frameworks such as Solvency II and Basel III, coupled with IT skills including iXBRL.

‘Now that the spectre of double-dip recession seems to be disappearing, more companies are gearing up for growth and are prepared to pay more for higher skilled candidates,’ Waddington said.

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