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Demand on the up for business accountants

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16th Jan 2014
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Salaries for accountants are rising above inflation thanks to “robust” demand for business partners, cost accountants and commercial accountants, a survey has found.

The survey from recruitment company Robert Half found that a “nearshoring” of finance functions has increased career opportunities outside London for accounting and finance professionals. Many of the basic accounting activities have been moved to Birmingham, Bournemouth and Glasgow, among others, as well as to India, according to the survey.

Some of the biggest salary increases in 2014 are for technical, regulatory and financial accounting roles.

For example, a technical accountant in London with up to three years’ experience can expect to earn between £52,000 and £74,500 in 2014, up by 3.9% from 2013.

Financial controllers in London are also doing well. Their salaries are up 4% from 2013 to between £72,250 and £97,250.

“Salaries for newly qualified and junior roles remain steady, despite this being the area of highest demand,” the survey said. “Many firms are unaware that a shortage of trainee accountant intake at the onset of the recession has had the knock-on effect of creating a shortage in newly qualified accountants a few years on."

There is also a lot of recruitment activity at the senior level, particularly in the start-up sector. Businesses want management accountants and financial analysts.

Skills in demand, according to Robert Half

  • ACAs from small/mid-sized practices
  • Broad accounting experience
  • IFRS 9 experience
  • Specific product knowledge

Positions in demand

  • Fund and regulatory accountants
  • Management information/financial planning and analysis
  • Financial accountants
  • Newly qualified accountants
  • Graduates with 12–18 months’ experience
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