Accountants Receiving Record Income

Tue, 12 Feb 2008

Employees in the accounting industry are receiving record salaries due to the current shortage of skilled workers in the sector, new research has revealed.

A survey conducted by accountancy firm Robert Half found that between 2006 and 2007 salaries for an accounts assistant rose by 25 per cent, reaching an average of £19,500 at the start of the year.

However, the Global Financial Salary Guide, also found revealed that the increases for seasoned accountants are even more significant, with a chief financial accountant earning an average of £80,000 after just six years in the industry.

Phil Sheridan, the firm’s UK managing director, said: "New regulations in the industry have resulted in a need for more professionals and have in many ways created a level playing field where both entry-level and seasoned professionals have the same opportunities to thrive and benefit financially."

A recent study by Accountancy Age showed that accounting is the most sought-after degree in 2008 and that accountancy firms are planning to maintain or increase their intake of graduates this year.
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