Salary Survey

Industry Area

SENIOR FINANCE
Industry Area
EAST MIDLANDS
FD (£) FC (£) Co Acct (£)
Large plcs 100,000 + 80,000 + 65,000 +
Medium firms 65-80,000 55-65,000 45-55,000
Small company 50-55,000 45-50,000 35-45,000
ACCA
Industry Area
EAST MIDLANDS
Found (£) Cert (£) Prof (£) Final (£) Newly Qual (£) Qual with Exp (£)
Large plcs 20-24,000 23-28,000 25-30,000 28-32,000 32-35,000 40,000+
Medium firms 19-23,000 22-26,000 24-28,000 26-31,000 30-34,000 37,000+
Small company 18-22,000 20-25,000 22-26,000 25-30,000 28-32,000 35,000+
CIMA
Industry Area
EAST MIDLANDS
1 (£) 2 (£) 3 (£) Final (£) Qual (£) Qual with Exp (£)
Large plcs 20-24,000 23-28,000 25-30,000 28-32,000 32-35,000 40,000+
Medium firms 19-23,000 22-26,000 24-28,000 26-31,000 30-34,000 37,000+
Small company 18-22,000 20-25,000 22-26,000 25-30,000 28-32,000 35,000+
AAT
Industry Area
EAST MIDLANDS
Part Qual (£) Qual (£)
Large plcs 22-25,000 25-28,000
Medium firms 21-24,000 24-27,000
Small company 19-21,000 21-23,000
QBE
Accountant Qualified by Experience (£) Credit Manager (£) Accounts Administrator / Supervisor (£) Ledger Clerk Level (£) Trainee / Junior (£)
Large plcs 35-45,000 45-60,000 27,000+ 18-21,000 16,000+
Medium firms 30-38,000 30-40,000 21-26,000 17-20,000 15-17,000
Small company 28-36,000 25-32,000 19-23,000 16-18,000 15-16,000

Practice Area

ACCA
Practice Area
EAST MIDLANDS
Found (£) Cert (£) Prof (£) Final (£) Newly Qual (£) Qual w/ Exp (£)
Large firms 15,000 20,000 23,000 27,000 34,000 40,000+
Medium firms 14,000 18,000 20,000 25,000 30,000 32,000+
Small firms 13,500 16,000 18,000 24,000 29,000 30,000+
ACA
Practice Area
EAST MIDLANDS
Found (£) TC1 (£) TC2 (£) Newly Qual (£) Asst Mgr (£) Mgr (£) Snr Mgr (£)
Large firms 19,000 20,000 27,000 40,000 45,000 50,000 55,000+
Medium firms 18,000 19,000 25,000 35,000 40,000 42,000 45,000+
Small firms 16,000 18,000 24,000 30,000 35,000 40,000 43,000+
AAT
Practice Area
EAST MIDLANDS
Found (£) Inter (£) Tech (£)
Large firms 18,000 22,000 27,000+
Medium firms 17,000 20,000 25,000+
Small firms 15,000 18,000 23,000+

Skill Shortages

There is a wide range of skill shortages, especially amongst part qualified accountants in Public Practice and industry/commerce.
As well as a shortage of skilled permanent general accounts staff, such as accounts clerks and credit controllers, there is a corresponding shortage of temporary and contract staff (largely due to the increased demand for such short/medium term staff solutions).
Conversely there is a shortage of senior level vacancies in industry and commerce.

Benefits

Private healthcare :
offered by many companies
50% last year.

Pensions

All companies now need to offer a pension compliant with auto-enrollment.

Company Car vs. Cash?

Company cars are provided much more in relation to position (Director/Manager) rather than salary. Only 10% of newly qualified accountants get company cars. Private mileage is currently only being paid by 10% of employers. Cars are usually replaced by age not mileage, typically 80,000 or 3.5 years.

Car Allowances

Car allowances instead of company cars are growing in particular -Allowances vary according to seniority. Typically from £3,000 to £8,000 per annum.

Car parking is perceived as a perk, especially for those working in cities or towns.

Trends

Salary still appears the most important reason for moving for a new job. Working conditions and prospects for promotion next and location last.