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Management accountants benefit from wage increases

The salaries of qualified management accountants, as well as those of students still learning the trade, have risen much faster than the national average, according to a new report.

The survey from CIMA showed that compared to last year, pay rates have risen by 13 per cent for those who are fully qualified and nine per cent for part-qualified students.

Accountants in Eastham, Prenton and across the UK will no doubt be celebrating the news.

The CIMA study revealed that its members from the UK are presently taking home, on average, a £60,655 basic salary, as well as bonus payments of £6,055. CIMA students who are part-qualified are earning a basic salary of £34,309, with extra payments of £1,836.

CIMA’s Managing Director, Andrew Harding, feels that the results of the survey are clear:

“Five years after the onset of the global financial crisis our annual salary survey of the CIMA community shows optimism that the UK’s economy is finally rallying. Results indicate an ongoing trend towards greater employment stability with fewer concerns about falls in business profits, budget cuts or recruitment and salary freezes.”

The report indicates that key motivators, both for students and CIMA members, are flexibility at 49 per cent, a quality working environment at 47 per cent, financial reward at 43 per cent, and a workload they find challenging at 39 per cent.

It was also found that CIMA members are, within the next year, mainly looking to develop their skills in persuasion and influence, strategic planning with implementation and leadership.

Posted by Peter
November 13, 2013
Research & Statistics

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