Management accountant salaries growing at twice the national average

Salaries within the management accountancy sector have continued to grow at twice

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the national average, according to the CIMA Annual Salary Survey, sponsored by the Global Accounting Network. The results reveal that average earnings among qualified members reached £64,011 in 2016 (an increase of 1.9%), £36,411 more than the current average UK wage. salary According to the research, even those in the process of gaining their qualifications report earning 22% higher than the national average wage, receiving an annual salary of £33,638. Members and students in the UK are positive about their continued salary development. Indeed, more than nine in ten (94%) members expect their gross annual salary to grow (by an average of 4%). A similar proportion of students (95%) anticipated a salary increase over the next 12 months (by an average of 6%). On top of base salaries, 55% of CIMA students in the UK received a bonus in 2016, with the average bonus amounting to 8% of annual salary. The average bonus increases to 12% of annual salary for qualified members, with 68% reporting they received one in 2016. Andrew Harding FCMA, CGMA, Managing Director of CIMA, said: “For three years in a row, management accountants have been paid more than twice the national average, revealing their enduring value to businesses.” Read more on the PQ magazine website http://www.pqaccountant.com/management-accountant-salaries-growing-at-twice-the-national-average.html  







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