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£65,000 per year average for business accountants

Published: Wednesday, 18 June 2008   Category: Life after graduation

Chartered accountants in business earn on average £65,000 per year as a basic salary, it has been claimed.

The news, which may be of interest to recent graduates and university students interested in financial careers, comes from research conducted by the Institute of Chartered Accountants in England and Wales (ICAEW) and financial recruiter Robert Half.

According to the study, the figure rises to £76,200 for business accountants with an ACA qualification.

Michael Izza, chief executive of the ICAEW, said:"Since our last career benchmarking survey, the economy has been seized by the credit crunch and to get through the downturn will require careful management and leadership.

"As our survey shows, ICAEW members are responding to this need, providing the skills and experience that ensures they continue to play a key role within all aspects of business and industry."

The average starting wage for business accountants was said to be £48,600, while chairmen, managing directors and chief executives take home an average of £122,400.

Last year's Badenoch and Clark worker happiness survey revealed finance and accounting professionals to be the fifth happiest across all workforce sectors.

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