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January 29, 2020

UK accountants see advertised salaries continue to rise in 2019

UK advertised accountancy and finance salaries continued to rise in 2019, with 3.2% average increase in salary resulting in a £42,000 ($54,599) salary for executive roles, according to research by Reed Accountancy & Finance.

From analysis of 7.5m jobs posted since the start of 2016, the Reed Accountancy & Finance Salary Guide 2020 found that the finance sector was one of the strongest sectors going into 2020.

Along with the advertised salary increases, the sector saw a 0.2% growth in in the number of jobs posted.

Of the salary increases identified, the biggest percentage of wage increases were seen below the £40,000 mark, including assistant accountant (12.3%) and credit control managers (4.7%).

For salaries above £40,000, roles with the highest increases included financial controller (4.6%), commercial accountant (5.0%) and project accountant (4.7%).

Reed Finance London area manager John Forword said: “Like many others, the accountancy and finance sector will have been affected over recent times by the economic and political uncertainty generated by the Brexit fall out.

“Despite this, it appears that the sector continues to perform well and has been able to maintain salary levels for its employees. The good news for the sector is that the past 12 months have seen a healthy spike in salary increases, as well as a rise in roles, which we predict will continue into next year. This is a welcome trend for existing employees and should also help attract talent considering a move into a resilient sector that offers plenty of career opportunities.”

He continued: “In 2020, we expect to see accountancy and finance professionals to continue to be in demand as companies look for sound financial advice to stay strong and plan in the coming months – now that the future is becoming clearer.

“Employing the right people and capturing the best talent will be crucial to helping businesses achieve that and these salary guides will give indication of where the competition is and where it is going to be in 2020 and beyond.”

 

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