There are so many jobs in accountancy that it’s hard to really pin a salary down.
Accountants in the UK earn anywhere between £28,630 to £400,000* a year, depending on qualifications, industry, specialism and company size. But here are a few to give you an idea.
Whilst studying you could expect to earn between £16,000 and £22,000. Once qualified you could expect to earn £30,000 or more, depending on your experience, industry and responsibilities.
At the beginning, salaries are relatively low but quickly rise after about two to four years. At that point, you could expect around £56,000. And then after five years of experience, a Senior Accountant’s average salary is around £90,000.
At entry-level, a financial adviser could expect between £22,000 and £30,000 a year. And then once qualified up to £45,000. Once promoted to Senior Financial Adviser, the salary could go up to £60,000. Should you become a Wealth Manager, for a private bank or major retailer, you could earn over £100,000.
Most investment analysts are based in London, where they usually earn between £28,000 and £40,000 a year to start with. During the 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 would expect to earn between £65,000 and £100,000 a year as a Senior Financial Analyst, with a bonus between 40 and 150% of your salary. At Senior level, salaries can reach over £110,000 and typical bonuses are up to 200% of your salary.
At the beginning of your career, you could be earning between £26,000 and £32,000, not including commissions. Experienced traders can earn between £45,000 and £150,000 a year depending on the employer or the type of market you trade on.
If you reach the level of Associate Trader working in a top-tier bank, you could expect around £140,000 and if you specialise in a lucrative niche market, you could make around £230,000 a year.
Chief financial officer
As one of the highest ranking people in a company hierarchy, a chief financial officer can expect a large salary. The average for UK CFOs is around £115,000 to £128,000 in London.
But there are some companies that pay their CFOs a lot more than. For example, when Patrick Pichette was CFO of Google, his salary was over $43,000,000 – that’s roughly £35 million. So really there’s no limit to what you can earn at the very top.
If you’d like a good, solid, reputable job with an accountant’s salary, feel free to check out more information about our AAT and ACCA courses.
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