Uk   Practice F&A

Practice Finance & Accounting Market Insights

Published on 16th January 2017

Q4 saw an increase in hiring within the Top 20. A slowdown of roles within the Big 4 gave the Top 20 the ability to attract more talent to their firms.

There has continued to be high job flow within Practice Finance & Accounting and candidate shortages. As a result, many talented candidates are getting numerous job offers which in turn is pushing up salary levels.

We have seen an increase in counter offers in an attempt for firms to retain their employees.

Skills in demand

Auditors remain in high demand, particularly with Financial Services experience. Commerce & Industry and Financial Services firms continue to focus on attracting candidates with the promise of higher salaries. We have also seen this cascade down to transactional, Accounts Payable and Credit Control Managers who are being actively sought by these firms and offered higher base salaries. This is inflating the market and pricing candidates out of some mid-tier firms.

Predictions for 2017

We expect to see a continuation of high job flow and low candidate availability over the coming months. There are a number of partners approaching retirement age within mid-tier firms and gaps at Director level will put increased pressure on the senior end of the market. This will impact the growth of firms moving forward and we may see an increase in M&A activity.

Practice Finance & Accounting
Salaries Q1 2017

Job title Permanent salary per annum (£) Contract rate (£)
Accounts
Finance Director 140K - 200K 600 - 1000 per day
Financial Controller  70K - 140K 350 - 600 per day
Finance Manager 50K- 80K 280 - 400 per day
Management Accountant Qualified 42K - 58K 250 - 350 per day
Financial Accountant Qualified 38K - 55K 225 - 275 per day
Finance Analyst Qualified 40K - 60K 270 - 450 per day
Accounts Semi Senior (PQ) 28K - 35K 14 - 18 per hour
Assistant Management Accountant (PQ) 25K - 35K 13 - 18 per hour
Assistant Financial Accountant (PQ) 25K - 35K 13 - 18 per hour
Assistant Accountant 22K - 35K 12 - 16 per hour
Credit Controller 23K - 35K 11 - 14 per hour
Cashier 20K - 30K 11 - 14 per hour
Accounts Payable / Receivable  20K - 30K 11 - 14 per hour
Senior Bookkeeper 30K - 40K 14 - 16 per hour
Bookkeeper 25K - 35K 12 - 15 per hour
Junior Bookkeeper 20K - 25K 9 - 11 per hour
Audit
Partner 100K+ N/A
Director 80K - 120K 400 - 500 per day
Senior Manager / Associate Director 60K - 90K 35 - 40 per hour
Audit Manager 55K - 65K 28 - 33 per hour
Accounts Manager 55K - 65K 28 - 38 per hour
Assistant Manager 45K - 55K 26 - 30 per hour
Audit Senior 40K - 45K 25 - 28 per hour
Finalist - ACA/ACCA 30K - 38K 16 - 25 per hour
Trainee 21K - 30K N/A
Graduate 20K - 25K N/A