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What types of accountants are on 100k a year?

63 replies

endingupinmanchester · 25/06/2023 14:51

Just heard that some accountants in the UK are on 100k a year
I would ask family and friends but unfortunately my parents are in academia and have little clue what accountants actually do and my friends are in other sectors

OP posts:
Silvergoldandglitter · 25/06/2023 16:55

User5927439 · 25/06/2023 16:45

My dh earns three times that as as FD. He can't get staff for love nor money and is currently recruiting from abroad. Due to demand wages are going up and up.

Definitely do it if you are considering it. There's apprenticeships for accountancy too. Dh's firm targets local sixth firms to try and get people.

What roles is he trying to recruit for?
My employers are having trouble recruiting finance roles too.

Clymene · 25/06/2023 16:56

You'd make that as a senior manager in a big 4.

TrudyProud · 25/06/2023 17:09

I'm a commercial accountant working in transportation sector. I'm on >£100k in London. I'm 11 years post qualified.

endingupinmanchester · 25/06/2023 17:16

Clymene · 25/06/2023 16:56

You'd make that as a senior manager in a big 4.

only in ldn and in which service line

OP posts:
NeverDropYourMooncup · 25/06/2023 17:20

Weren't you reckoning last week that the £29k ECT teacher salary made your studies a complete waste of time and you might as well have decided to be a Maths teacher instead?

endingupinmanchester · 25/06/2023 17:25

NeverDropYourMooncup · 25/06/2023 17:20

Weren't you reckoning last week that the £29k ECT teacher salary made your studies a complete waste of time and you might as well have decided to be a Maths teacher instead?

No idea who that is, sorry

OP posts:
Pineapplemonkey · 25/06/2023 17:29

pharmachameleon · 25/06/2023 16:37

My DH is an accountant with his own business and takes a salary of £150k. He isn't a CA-didn't go to university which I think he feels inadequate about however I did and I'm on about a third of what he earns so he should be proud of himself.

Just out of intrigue, if your husband isn’t a CA, what kind of accountant is he? He’s obviously doing alright if he’s taking home £150k!

GoodChat · 25/06/2023 17:31

A financial controller in a decent sized company will easily be earning more than £100k, and not doing the 60 hour weeks people are suggesting.

HouseofGods · 25/06/2023 17:55

Director level and above in practice (not just big4 - senior manager easily £70k)

FC/FD/CFO in industry (commercial roles) or Senior Technical Accountant type roles. Tax specialist roles in house would likely pay that kind of salary too.

Qualified by experience can work up to a pretty high level in industry but you'd need the CA in practice at that level.

DH and I are both in the industry roles now (I stayed in practice for longer after qualifying) and the hours and pay are definitely better than practice.

LBOCS2 · 25/06/2023 17:59

DH is on over £100k base plus bonus. He specialised in a niche part of accounting, worked his way through and is now COO of a small (400 staff) company just outside London.

LBOCS2 · 25/06/2023 17:59

(Oh, and also not a CA)

greentealeaves · 25/06/2023 18:02

@User5927439 if your dh company is anywhere near London and needs staff can you dm the name of company/recruitment agent. I'm currently looking and don't seem to be getting what I'm looking for.

CuriousSIL · 25/06/2023 18:09

My dh is big 4 director on 140k. London salary but mostly WFH.

pharmachameleon · 25/06/2023 18:09

@Pineapplemonkey Hhmm I'm not sure 😂 they do management accounts, tax, payroll, cloud accounting etc. He is probably more of a business consultant I would say in that he meets his clients on a regular basis and helps develop their business.

endingupinmanchester · 25/06/2023 18:23

LBOCS2 · 25/06/2023 17:59

DH is on over £100k base plus bonus. He specialised in a niche part of accounting, worked his way through and is now COO of a small (400 staff) company just outside London.

what niche is this

OP posts:
GoodChat · 25/06/2023 18:29

Are you an accountant @endingupinmanchester, or in any kind of finance role?

burnoutbabe · 25/06/2023 18:41

GoodChat · 25/06/2023 17:31

A financial controller in a decent sized company will easily be earning more than £100k, and not doing the 60 hour weeks people are suggesting.

Indeed.

I was in that (London) for a small company (100 people) -just below fd level

Hours pretty normal for London -9-6ish mostly.

User5927439 · 25/06/2023 19:24

What roles is he trying to recruit for?
My employers are having trouble recruiting finance roles too.

Financial controller has been the main problem. But I'd say he would happily take on between 5-10 people if he could and it's not the company or the wages that seem to be the problem. There just seems to be nobody out there.

yogasaurus · 25/06/2023 19:26

I work in an investment bank. Accountants working in the finance dept earn +100k

yogasaurus · 25/06/2023 19:27

-*As Financial controllers

RubyMurry22 · 25/06/2023 19:33

I’m CIMA qualified and an FC at a charity with a £10m turnover - only earning £50k FTE (I’m 4 days a week). Where am I going wrong?!

AKAanothername · 25/06/2023 19:46

I was unqualified but with 20+ years experience and earning £32k for 2 days per week, so FTE of £80k, this was in the PR industry twelve years ago.

GoodChat · 25/06/2023 19:53

RubyMurry22 · 25/06/2023 19:33

I’m CIMA qualified and an FC at a charity with a £10m turnover - only earning £50k FTE (I’m 4 days a week). Where am I going wrong?!

Probably working for a charity

TrudyProud · 25/06/2023 20:09

RubyMurry22 · 25/06/2023 19:33

I’m CIMA qualified and an FC at a charity with a £10m turnover - only earning £50k FTE (I’m 4 days a week). Where am I going wrong?!

Working for a charity

OnGoldenPond · 25/06/2023 20:11

DH is partner in small audit firm and earns well in excess of this through dividends mainly.

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