Practice Finance and Accounting Market Insights Q2 2018

Practice Finance and Accounting Market Insights Q2 2018

Published on 3rd April 2018

Q1 2018 was indeed a busy quarter where we saw a consistent demand for both part-qualified and qualified accountants across bookkeeping/outsourcing, audit and tax.  

Our clients within the top 20 accountancy firms are moving towards considering talent from firms a lot smaller than their own. Hiring managers from the top 20 are beginning to appreciate the wider exposure and experience candidates gain from smaller firms where there are fewer resources for them to rely on, and hence, are required to take on more responsibilities at an earlier stage of their career. These candidates that move into larger firms will benefit from more varied client exposure and also better-structured training programs.

There remains a demand for bi-lingual candidates, especially those that possess Mandarin, German, French or Spanish language skills in addition to fluent English skills, as accountancy firms continue to grow their international service offerings and work with clients that have an interest in investing into the UK.

We will continue to focus on targeting passive candidates with the right skill sets to ensure we upkeep a steady flow of candidates that we can either take to market or address our clients’ needs in a timely manner.

SKILLS IN DEMAND

Both part-qualified and qualified accountants with bookkeeping, management accounting and statutory accounts experience from practice are in high demand.  Also, candidates who started their career in practice and moved out to industry who are wishing to return to practice are highly sought for.

Candidates with solid experience in using XERO, Sage, Caseware and CCH are in demand.

Both personal and corporate, CTA qualified tax seniors are also in high demand.

PREDICTIONS FOR THE COMING QUARTER

Heading into Q2 2018 we are expecting hiring momentum to continue building on from Q1 2018, with a potential emphasis on more experienced candidates.

ADVICE FOR EMPLOYERS

Ensure you communicate with your trusted recruiters what your needs are in advance so they are aware of candidates that could be of interest to you, if and when they come across these candidates. Particularly those candidates that are not readily available and/or possess certain unique skillsets.

When creating job descriptions, be mindful of the essential skills that you are seeking from a potential candidate versus “good to haves. This will ensure a better short-list of candidates which are likely to be more aligned with your expectations. 

Always remember job seekers are choosing you as must as you’re choosing them. The ability to “sell” the role and company at an early stage will help candidates make better-informed decisions along the process.

ADVICE FOR JOBSEEKERS

Ensure that you clearly highlight key skills you have developed throughout your career, particularly niche skillsets, or even special projects you have been involved in, that will make you stand out from other candidates. 

Make sure you assess your push factors when deciding whether to leave your current role into a new position. If there are no good valid reasons for you to leave your current role, then it most likely means you are not ready to do so.

Practice Finance and Accounting Salaries Q2 2018

Job TitleBig 4 (£)       Top 20 (£)     Mid Tier (£)     
External Audit and IT Audit in Practice - Permanent


Partner100K+80K+80K+
Director100K+80K+80K+
Senior Manager70K - 80K65K - 75K65K - 75K
Manager60K - 65K60K - 65K58K - 62K
Assistant Manager48K - 52K48K - 52K46K - 50K
Senior45K - 48K42K - 46K42K - 45K
Semi Senior30K - 35K30K - 35K27K - 33K
Accounting Outsourcing Teams within Practice - Permanent


Partner100K+80K+80K+
Director90K+80K+80K+
Senior Manage70K - 80K65K - 75K65K - 75K
Manager50K - 65K50K - 60K48K - 60K
Management Accountant (Qualified)35K - 45K35K - 45K33K - 45K
Junior Bookkeeper / Assistant Accountant20K - 30K20K - 30K18K - 28K

Personal and Corporate Tax into Practice - Permanent


Partner100K +80K +80K +
Director100K +80K +80K +
Senior Manager70K - 80K60K - 75K60K - 75K
Manager58K - 65K52K - 60K52K - 60K
Tax Senior45K - 58K43K - 52K43K - 52K
Tax Semi Senior35K - 45K35K - 42K33K - 42K
Tax Trainee28K - 35K27K - 33K27K - 33K

Notes on salary table:
  1. The salary ranges given are only approximate guides. For tailored salary advice, please contact us directly.
  2. Roles outside of London are likely to be £5K - £10K lower than the salaries indicated above.
  3. 12-month base salaries are assumed.
  4. All other benefits and bonuses are in addition to these figures.
  5. Bonus ranges can vary significantly from company to company and will be influenced by market conditions, business and individual performances.