Accountancy Salaries Up 6.4%

March 21, 2017 by in category Blog tagged as , , , , with 0 and 17

Accountancy one of the UK’s top five industrial sectors for job prospects and pay

Accountancy Pay Slip. Image by Shaun Wilkinson (via Shutterstock).

In the top five: according to CV Library’s statistics, accountancy professionals enjoyed a 6.4% rise in salary over the last year. Image by Shaun Wilkinson (via Shutterstock).

If you’re looking to enter a field which has all round excellent pay and prospects, our field has consistently performed well. Thankfully, the role of a Chartered Accountant cannot be taken over, wholesale, by computer systems. In a wages survey on the CV Library website, it stated that accountancy professionals saw their pay rise by 6.4% on last February’s figures.

In their findings, wages per annum rose from £31,253 to £33,261 from February 2016 to February 2017. The only professions our industrial sector is behind are those in the manufacturing, property, and automotive industries, and legal services. Though the accounting and finance sectors saw a 7.3% rise in job vacancies, applications fell by 9.2%.

Lee Biggins, the founder and Managing Director of CV Library said: “It’s unsurprising to see application rates dropping off after January in the accounting industry; the mantra of ‘New Year, new me’ means January is traditionally one of the busiest periods for recruiters, with job applications vastly increasing in number.

“The challenge for businesses now is to tap into the talent pool while it’s still available. As a result, we’re seeing increasingly fierce activity from companies, with job postings and salaries on the rise.”

As we have said before, there will be a greater need for accountancy services with Brexit on the horizon. Next week on the 29 March 2017, Prime Minister Theresa May will give the EU notice invoke Article 50, which could give our industry something to chew on. One thing about being an accountant is the fact you’re always learning new things. Governments can change, abolish, or introduce taxes; National Insurance and Income Tax thresholds can change; and, most importantly, is about making sure our clientele are paying a fair rate.

Peach Wilkinson Accountants, 21 March 2017.

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