Salary hikes for new and old accountants. By Dan Martin

Posted by AccountingWEB PM | on Thu, 14/09/2006 - 16:57 7378 7 comments

Accountancy firms opening new specialist service departments mean newly and past qualified accountants can expect to earn more in 2006 than their 2005 counterparts, new research reveals.

According to financial recruitment specialists ECHM, salaries are increasing due to a rising shortage of candidates and high levels of demand from public practice firms looking to support the expansion of services in areas such as risk management and management consultancy.

As well as newly qualified accountants benefiting from the trend, older candidates are also in the money, the report said, because man

Continued...

Percentages!!!!!

Ralphq41 | Thu, 21/09/2006 - 11:07 | Permalink

Carol - I assume you meant 19.3%?

Oh dear Dan ...

jasonholden | Thu, 14/09/2006 - 21:16 | Permalink

Oh dear Dan, Carol has caught you out on this one.

Not sure if it’s more of a worry that Dan hasn’t checked the calculations before making his posting or that a financial recruitment specialist firm that many may use to assess potential employees aren’t very good at basic math’s themselves?

I also love these surveys, how many people out there who are employed by someone else read these surveys and think ‘hang on I’m not paid that much’ (I know I used to).

Jason
Holden Associates
The Small Business Blog
sbqaforum

i think i'll forward this to my boss

rasmith | Fri, 15/09/2006 - 09:37 | Permalink

How do these figures agree?

Anonymous | Thu, 14/09/2006 - 19:13 | Permalink

The report states: "newly qualified ACCAs can expect to earn an average £43,000 in 2006, up 14% on last year's basic salary levels. The report predicted the figure will rise to £45,000 in 2007, a 22% on last year.

How did they work out 22% rise from last year? If the salary figures were:

2005: 37719
2006: 43000
2007: 45000

The 2005 figure is my own based on: (43000/114) X 100

The increase in 2007 is only 5.30% rise from 2005 figures. Am I missing something or are all accountants are useless these days after Enron, WordCom etc

Obviously

NeilW | Fri, 15/09/2006 - 03:09 | Permalink

All these press releases boil down to

'vested interest stokes market'.

Here's my rewrite of the article.

"ECHM, a vested interest in the accountancy recruitment business, attempts to increase turnover by issuing a press release stating that you can probably earn more in another job. Now there's a surprise.".

NeilW

Figures

dan06 | Fri, 15/09/2006 - 09:17 | Permalink

The direct quote from the press release:

"According to those surveyed, newly qualified ACCAs can now earn a basic salary up to £43,000, a 14% rise on 2005 salaries and is expected to rise to £45,000 by 2007, representing a 22% increase between 2005 and 2007."

Dan Martin
Business Editor
AccountingWEB

Vested Interest

peter morgan | Wed, 20/09/2006 - 14:30 | Permalink

This is garbage. Even if it were true it possibly only relates to the Home Counties. This is fairyland when applied to the marketplace in Scotland, or the West Country and just serves to stir up trouble. Articles like this are unworthy of accountingweb and the editorial team need to buck their ideas up.