CA pay situation improving

Matthew Wilcox our consultant managing the role

Chartered accountants (CAs) have seen their pay situation improve in recent months as UK businesses respond to the improved economic situation across the country by reducing their austerity measures.

However, many have still seen rates of inflation outflank their salary increases, according to a new report published by CA Magazine.

The news provider surveyed some 1,500 professionals in England, Wales and Scotland, with four in ten admitting that their overall pay package has not kept up with the pace of inflation and the jump in living costs over the last five years.

On the bright side, three-quarters of respondents recorded either a pay increase or an end to pay freezes recently.

Of those who did enjoy a boost in salary over the last 12 months, the median increase was between 2.1 per cent and 3.1 per cent, while 26 per cent saw their income remain stable throughout the year.

Worryingly, just ten per cent of those surveyed were very satisfied with their current levels of remuneration, although 65 per cent recorded themselves as being satisfied. This has remained largely static from last year's equivalent survey.

Some 40 per cent would pursue a new job "if the right opportunity came up" and nine per cent are "actively seeking" a new job.

Robert Outram, editor of The CA, argued that the figures reflected a mood of "cautious optimism" within the sector.

"Even so, more than four in ten of CAs in the survey believe their pay has not kept pace with the cost of living, so if growth does match expectations there will be pressure to improve packages or risk losing staff," he added.

Salary levels remain relatively impressive for financial directors - the median level was between £100,000 and £150,000, reaching £200,000 to £300,000 in companies with fewer than 50 overall employees.

Just under half of CAs surveyed worked more than 54 hours a week, highlighting the pressure often involved in a finance role.

11/04/16
posts

Related articles

What's the latest on recruiting senior finance and accounting professionals?
What's the latest on recruiting senior finance and accounting professionals?

Teaser

Finance & Accounting

Content Type

General

25/04/24

Summary

Over the years, we have developed a strong reputation as a leading Senior Finance and Executive Search firm. We’re proud to have well-established teams of finance and accounting recruitment cons

Teaser

Our employment update for senior accounting and finance professionals.

Read full article
Neil Burton

by

Neil Burton

Neil Burton

by

Neil Burton

How technology is impacting the future of risk and compliance jobs
How technology is impacting the future of risk and compliance jobs

Teaser

Governance

Content Type

Fintech

18/04/24

Summary

The role of risk and compliance in financial services  As a sizeable, growing portion of the financial services sector, risk and compliance play a vital role in ensuring that firms conduct busine

Teaser

With no signs of slowing down, strong risk and compliance is now more important than ever.

Read full article
David Clamp

by

David Clamp

David Clamp

by

David Clamp

What does the future hold for private equity?
What does the future hold for private equity?

Teaser

Executive Search

Content Type

General

18/04/24

Summary

Private equity (PE) is a growing industry that has always attracted ambitious top talent due to its high risk/high gain capital investment. Pre-covid, we saw the global private equity industry b

Teaser

Learn about emerging private equity job opportunities and more.

Read full article
Tracey Alper

by

Tracey Alper

Tracey Alper

by

Tracey Alper

jobs

Related jobs

Senior Accounts Payable Assistant

Salary:

£27,000 - £32,000 per annum

Location:

Harrogate, North Yorkshire

Industry

Business Services

Qualification

None specified

Market

Commerce & Industry

Salary

£30,000 - £35,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Senior Accounts Payable role - Harrogate - Up to £30k!

Reference

BBBH180382

Expiry Date

01/01/01

Yasmin Clough

Author

Yasmin Clough
Find out more
Finance Manager

Salary:

£50,000 - £60,000 per annum + + Benefits

Location:

Glasgow

Industry

Property and Infrastructure

Qualification

None specified

Market

Commerce & Industry

Salary

£60,000 - £70,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Finance Manager required for well established real estate group!

Reference

BBBH180362

Expiry Date

01/01/01

Jaden Alie

Author

Jaden Alie
Jaden Alie

Author

Jaden Alie
Find out more
Business Advisory Tax Manager / Senior Manager

Salary:

£50,000 - £65,000 per annum

Location:

Leeds, West Yorkshire

Industry

Professional Services

Qualification

Fully qualified

Market

Professional Services

Salary

£60,000 - £70,000

Job Discipline

Tax

Contract Type:

Permanent

Description

Business Advisory Tax Manager or Senior Manager with a top 30 accountancy firm based in Leeds

Reference

BBBH180452

Expiry Date

01/01/01

Andy Craven

Author

Andy Craven
Andy Craven

Author

Andy Craven
Find out more
Valuations - Head of UK - Alts

Salary:

Negotiable

Location:

City of London, London

Industry

Investment Management

Qualification

Fully qualified

Market

Financial Services

Salary

£125,000 - £175,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Superfund expanding their Valuations department hiring a Lead for their non-property unlisted assets

Reference

BBBH180483

Expiry Date

01/01/01

Cliodhna Lynch Find out more
Senior Credit Controller

Salary:

Up to £35,000 per annum

Location:

Kingston Upon Hull, East Riding of Yorkshire

Industry

Business Services

Qualification

None specified

Market

Commerce & Industry

Salary

£35,000 - £40,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Senior Credit Controller - Hull - £30,000

Reference

BBBH180478

Expiry Date

01/01/01

Cameron  Walsh

Author

Cameron Walsh
Find out more
Billing Coordinator

Salary:

£15 - £16 per hour

Location:

Tidworth, Wiltshire

Qualification

None specified

Market

Commerce & Industry

Salary

£100 - £150

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Billing & Credit Coordinator - 6 month FTC - Tidworth (Hybrid) - £15-£16 per hour

Reference

BBBH180424

Expiry Date

01/01/01

Neil Burton

Author

Neil Burton
Neil Burton

Author

Neil Burton
Find out more
Management Accountant

Salary:

£40,000 - £43,000 per annum

Location:

Manchester, Greater Manchester

Industry

Business Services

Qualification

Finalist / Newly qualified

Market

Financial Services

Salary

£40,000 - £50,000

Job Discipline

Qualified Finance

Part Qualified & Transactional Finance

Newly Qualified Finance

Contract Type:

Permanent

Description

Management Accountant Manchester £40,000

Reference

BBBH180470

Expiry Date

01/01/01

Terri Bishop

Author

Terri Bishop
Find out more
View all jobs