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June 7, 2019

UK accountants’ salaries broadly flat

Research by specialist recruiter Randstad Financial Services has revealed that salaries for accountants in the UK were broadly flat compared to last year, with average salaries stuck at approximately £70,500 ($89,600). 

According to the Randstad Guide to Salaries in Financial Services 2019, the maximum salaries commanded in Internal Audit stayed at £175,000 ($222,300) while the minimum salary for a qualified internal auditor remained at £50,000 ($63,500).  Mid-range salaries sat between £75,000 ($95,300) and £100,000 ($127,000).  Temporary contracts continued to pay between £300-£400 ($381-$508) per day at the bottom of the scale and £550-£700 ($699-$890) at the top.

The best accountancy professionals working on temporary contracts in Regulatory Reporting are continuing to command rates of up to £600 ($762) per day with permanent salaries also stable.

However, there was much more movement in Management Reporting & Analysis.  Mid-range day rates for contractors rose 8%, from around £325 ($413) per day to approximately £350 ($477), while the maximum pay rate rose 20% from £375 ($477) to £450 ($572).  Top-end salaries for senior A-players remained at the £120,000 ($152,000) mark.  This means that pay in temporary contracts is now 30% higher than in permanent ones – an increase compared to the 2018 equivalent of 27%.

In Product Control, minimum range salaries stayed between £35,000-£50,000 ($44,500-$63,500) while mid-range pay was stable at £50,000-£80,000 ($63,500-101,800).  Maximum pay was approximately £120,000 ($152,000).  However, temp rates proved more volatile with minimum day rates rising dramatically, from £200 ($254) last year to £300 ($381).  Typical mid-range rates rose from £350 ($445) to £375 ($477).  And senior high-flyers saw rates rise 10% from £500 ($635) to £550 ($699).

Randstad also shows minimum salary ranges in Taxation remained static at between £40,000-£50,000 ($50,800-$63,500) while mid-range salaries continue to sit around £50,000-£90,000 ($63,500-$114,000).  Senior roles command now more than £90,000 ($114,000) with the best candidates in senior roles earning up to £200,000 ($254,000), depending on organisation, location, and experience.

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