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Increasing Pay Levels for Accountants

Now is the Time for an Accountancy Job as Salaries Rise

If you are good with numbers and data and are interested in a successful career path that centres on finance, then an accountancy Job could be perfect for you. And right now it is a sector that not only provides stability but is also opening up a number of new opportunities for employees at all skill levels.

Accountancy & the Financial Sector Flourishing with Growing Job Opportunities

There is no denying that the job market has been seeing tough times of late and while some areas are suffering quite heavily due to the continuing credit crunch, with many redundancies and few new opportunities, accountancy and the financial sector appear to be flourishing. Accountancy in particular is proving to be resilient within the market, with rising salary levels and growing opportunities for qualified employees at all levels who want to move up and on.

Accountants Salaries Have Risen Significantly in Recent Years

Unlike many professions, Accountancy Salaries have risen significantly over the last few years, with the 2012/13 average numbers showing a rise of around 7%. Recent findings from a survey by specialist accountancy and finance recruiter Marks Sattin have shown that both annual pay levels and additional bonus payments have continued to flourish for accountancy staff. Average salary levels for experienced accountants have grown from around  60,788 in 2011/12 to  64,022 in 2012/13, which is a 5% rise, while bonuses have also risen with an average seasonal bonus of around  1,400, or up to 17% of the annual salary being received.

Accountancy is Proving a Sought After Skill in the Current Financial Climate

This is good news for the financial sector and could be associated with the current state of the economy and the need for businesses to seek experienced financial guidance to help steer them through the uncertain financial climate. With businesses both large and small needing to tighten their purse strings, solid financial advice is in high demand, making accountancy an extremely sought-after skill.

Accountancy Jobs Seeing Increased Security From Entry-Level to Senior Management

The strong salary growth is a good sign that accountancy jobs and the financial market are benefiting from stability. Accountancy jobs in particular are seeing increased security for entry-level trainees through to high-level management positions and it is thought that this boost for the industry will continue for the foreseeable future. This is good news for those already working in the sector as well as those who are considering training or about to start their careers. With more opportunities available for professionals at all levels, accountancy has become a popular choice for career progression and success.
Written by Chima Kanu of Circle Square Talent

If you are looking for a Finance or Accountancy Job our dedicated career advice section or more information on our finance & accountancy recruitment.

If you're not sure which career move would best suit your skills and experience take a look at our Finance & Accountancy Job ProfilesCFO Job Description    Finance Manager Job Description    Project Accountant Job Description    Financial Accountant Job Description    Financial Controller Job Description    Management Accountant Job Description

Our Finance & Accountancy Salary Survey 2015 is now available.

To speak to one of our specialist Accountancy Recruitment specialists call 0207 492 0700 or email: jobs@circlesquare.co.uk


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