Thursday, March 5, 2020

What Salary Can You Expect As An Accountant

What Salary Can You Expect As An Accountant What Is The Average Accountant Salary In The UK? ChaptersAccounting TechnicianChartered AccountantsFinancial AdvisersInvestment AnalystsFinancial TraderChief Financial OfficersAs a base note, we will start by mentioning that the average UK salary is £27.271 a year ( £39,476 in London).How does that compare against accountants' salary?Well, it's hard to say since the term accountant is so vague and could include so many different job titles.According to available data, accountants in the UK earn anywhere between £28,630 to £400,000 a year, depending on qualifications, industry, company size and sadly also depending on gender.It will also depend on the kind of accounting job you wish to do: public accounting, finance accounting, general accounting,   corporate accounting and so on.The accounting sector seems to be above the national average (18.4%) when it comes to the disparity in salaries between men and women.   In practice accountancy, the variation is about 19.2% or roughly £10,000 a year. In the industry sector, the gap inc reases to 24.4% resulting in a difference of more than £16,000.Despite women earning a lot less than their male counterparts, surveys have found that female accountants were more likely to hold a professional accounting qualification. So make sure to know how much the position you're interviewing for should be paid and do not sell yourself short.If you just received the very prized title of Chartered Accountant, you will almost certainly already have a few years of work experience behind you. However, you might be tempted to get an accounting job in another industry or apply to another company. Let's look at different accountant jobs and their salary range expectations.Accountants often prepare financial reports about their clients' portfolio or company's financial health.every  internal auditor within the company.Some chartered accountants also specialise in forensic accounting, in which case their role will be to detect and prevent fraud and deal with financial irregularities as they appear.In the beginning, salaries remain pretty low even for Chartered Accountant, but after two to four years, following your qualification, it will be time to renegotiate. At that point, the average Chartered Accountant can expect to earn around £56,000 (including bonus).After five years of experience, a Senior Accountant average salary goes up to £90,200 with an additional bonus of around £20,600 with variations depending on which accounting firm is hiring you.world  news, as war, natural disasters or political tensions can affect the performance of a company's stock.Most investment analysts are based in London, where they usually earn between £28,000 and £40,000 a year to start with. During their first three years on the job, Investment Analysts can expect to get a yearly bonus ranging from 10 to 100% of their actual salary.With five to eight years experience you could expect to earn between £65,000 and £100,000 a year as a Senior Financial Analyst with a bonus betwe en 40 and 150% of your salary.At Senior level, salary reach over £110,000 and typical bonus are up to 200% of your salary.In spite of their heavy workload, accountancy tutors London still make time to give lessons in accounting!Financial TraderWorking directly with Investment Advisers, a Financial Trader is in charge of selling or buying shares, bonds and assets for investors.Responsibilities for such a position includes executing trades according to client's orders, informing your clients of market movements and possible investment opportunities or gathering information about companies' valuation.Most Traders work long hours to be able to follow the market or their niche product, and this kind of work is usually demanding as trading on international market can be hectic, and the stress of managing large amounts of money can somehow be stressful.However, the strains of this career are largely compensated by the salary a Financial Trader can expect to earn.At the beginning of your c areer, you could be earning between £26,000 and £32,000, not including commissions (which can add up quickly).Experience traders can make between £45,000 and £150,000 a month depending on your employer or the type of market your trade on.If you reach the level of Associate Trader working in a top-tier bank, you could earn around £140,000 and if you specialise in a more lucrative niche market, traders making around £230,000 a year are the norm.You may need an accounting online tutor to master all of the concepts required for this position...Being a Financial Trader can be frantic and staying on top of every changes and trend  is a key to success.Chief Financial OfficersThis job is one of the highest ranking positions in a company hierarchy, and as a CFO you will be the senior assistant to a company's Chief Executive Officer (CEO).Your job is to oversee all of a company's finances and operation to ensure that the treasury, economic strategy and forecasting are all respected and that your company is on track to meet its yearly financial targets.You will also have to report to key shareholders, usually represented at a company's board, about what is occurring regarding the company's financial position.CFO's are crucial to the success of a company, in maintaining its financial health, identifying potential threats, ensure compliance with all current regulations and finding ways to increase profits.Salary wise, the national average for CFOs in the UK is around £115,000, but given the seniority of such a position, it takes years of experience and dedication before reaching such a job.In London, this average goes up to £128,000, but some famous British companies pay their CFOs much more than that:Wire and Plastic Products - WPP, the biggest public relation company in the world, based in London. The company's CFO, Sir Martin Powell, makes more £48 million a year.Reckitt Benckiser Group, a consumer good company owning brands such as Dettol, Strepsils and Airbor ne, pays it CFO, Rakesh Kapoor, £14.6 million a year.The RELX Grup, an information and analytics company based in London, has been paying its CFO, Erik Engstrom, £10.6 million a year.Whatever the career path you choose to follow, auditor, accounting manager, public accountant, tax accountant or financial manager, a degree in accounting will open many doors.It is an excellent tool for entrepreneurs to make sure they succeed in their business endeavours, but it is also a prized profession in the banking industry and the consultancy sector.It is also the safest job in the world, both in term of job security and physical safety.If you are a freshly certified or chartered accountant, it might worth looking at current vacant positions in major accounting firms such as Deloitte, Ernst Young, Robert Half International or PWC.

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