You need to enable JavaScript in order to use the AI chatbot tool powered by ChatBot

Accountants’ total pay increase is inflation busting 4.6%

Matthew Wilcox our consultant managing the role

• Average accountants’ salary up 4.3% from £64,022 to £66,795
• 53% of accountants awarded a bonus this year – up 6% from 2013
• 39% are actively looking for a new role

Average accountancy pay has risen almost 5% over the past year according to the 2014 Salary & Market Trend Report from specialist accountancy and finance recruiter Marks Sattin.

Salary growth was 4.3%,from £64,022 in 2012/2013 to £66,795 2013/2014.

In addition to this, 53% of accountants received a bonus of, on average, 17.5% of their salary. This is an increase on last year when 47% received a bonus of 17.2% of their salary.

This brings total remuneration to £78,465 up from £75,034 last year – an increase of 4.6%. This is the fourth consecutive year of strong pay growth for UK accountants. 
 
The survey also shows 46% of accountants said that they were satisfied with their salary.

Dave Way, Managing Director of Marks Sattin said,
“Increasingly onerous regulatory pressure and demand for growth mean quality accountancy talent remains integral – a fact shown by the year on year increase in salaries. In many sectors businesses are pulling back on bonuses and focusing on the stability that salary growth brings but the fact that accountants are seeing growth in both shows the high premium companies are placing on talent retention.”

Seventy-nine percent of accountants feel secure in their role and 66% are expecting salary growth in the coming year. However, 39% say they will be actively looking for a move elsewhere.

Thirty-five percent of accountants also said that headcount increased in their team and 59% said that business growth or expansion was the reason for this.

Dave Way adds,
“Accountants are feeling more secure in their jobs as their compensation packages suggest that the economy has turned a corner and business is starting to pick up again. However, as accountants’ confidence increases more and more people will be looking for new roles. Many businesses and firms are looking to increase their accountancy headcount so we are likely to see a lot of movement in the jobs market over the next year. Expansion, career development and salary rises have returned to the fore of peoples’ minds after a few years of relative stability and consolidation.”

*Marks Sattin 2014 Market Report conducted among 2,073 UK accountants in Q1 2014

11/04/16
jobs

Related jobs

Fund Controller - Private Credit - Hybrid

Salary:

+ benefits

Location:

London

Industry

Private Equity

Qualification

Fully qualified

Market

Financial Services

Salary

£80,000 - £100,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Fund Controller - Private Credit - Hybrid An excellent role working for a strong player in the Private Credit Fund sector, looking to hire a Fund Controller due to growth of their business.

Reference

BBBH183574

Expiry Date

01/01/01

Paul Roche

Author

Paul Roche
Paul Roche

Author

Paul Roche
Find out more
Finance Manager

Salary:

£50,000 - £60,000 per annum

Location:

Leeds, West Yorkshire

Industry

Business Services

Qualification

Finalist / Newly qualified

Market

Commerce & Industry

Salary

£60,000 - £70,000

Job Discipline

Newly Qualified Finance

Contract Type:

Permanent

Description

An exciting opportunity has arisen to join a growing construction company as a finance manager in East Leeds!

Reference

LG172550

Expiry Date

01/01/01

Laura Gunby

Author

Laura Gunby
Laura Gunby

Author

Laura Gunby
Find out more
Assistant Management Accountant

Salary:

£30,000 - £38,000 per annum + Study support & Fantastic progression

Location:

Leeds, West Yorkshire

Industry

Business Services

Qualification

Part qualified

Market

Commerce & Industry

Salary

£35,000 - £40,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Marks Sattin are delighted are recruiting for an Assistant Management Accountant position based on the outskirts of Leeds.

Reference

LH172889

Expiry Date

01/01/01

Laura Gunby

Author

Laura Gunby
Laura Gunby

Author

Laura Gunby
Find out more
Assistant Accountant

Salary:

£33,000 - £37,500 per annum

Location:

Leeds, West Yorkshire

Industry

Consumer & Retail

Qualification

Part qualified

Market

Commerce & Industry

Salary

£35,000 - £40,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Marks Sattin are working with a PE backed business in Kirkstall, Leeds to present an excellent opportunity for an experienced Assistant Accountant.

Reference

LH184458

Expiry Date

01/01/01

Laura Gunby

Author

Laura Gunby
Laura Gunby

Author

Laura Gunby
Find out more
Management Accountant

Salary:

£45,000 - £53,000 per annum + Hybrid, flexi time, healthcare

Location:

Bradford, West Yorkshire

Industry

Media & Communications

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£50,000 - £60,000

Job Discipline

Newly Qualified Finance

Contract Type:

Permanent

Description

Qualified Management Accountant role working for one of the major businesses that this company owns with genuine progression opportunities.

Reference

LGH17522239

Expiry Date

01/01/01

Laura Gunby

Author

Laura Gunby
Laura Gunby

Author

Laura Gunby
Find out more
Financial Accountant

Salary:

£45,000 - £53,000 per annum + Hybrid, flexi time, healthcare

Location:

Bradford, West Yorkshire

Industry

Media & Communications

Qualification

Finalist / Newly qualified

Market

Commerce & Industry

Salary

£50,000 - £60,000

Job Discipline

Newly Qualified Finance

Contract Type:

Permanent

Description

Highly successful listed telecommunications company with global reach.

Reference

LGH78266838

Expiry Date

01/01/01

Laura Gunby

Author

Laura Gunby
Laura Gunby

Author

Laura Gunby
Find out more
View all jobs