gaapweb audience insight report 2019 audience... · audience insight report 2019 in autumn 2019,...
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Audience Insight Report 2019
In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of their working lives, from job title and sector to annual salary and rewards.
The results re�ect our quali�ed, high calibre audience – with 84% of respondents educated to degree level or above. Whilst we received responses from candidates at every level (Part Quali�ed to CFO), the majority of our audience (53%) hold senior roles, including Finance Director, Financial Controller and Finance Manager.
Although there was good news with the majority of respondents receiving a pay rise (60%) and a bonus (53%), the gender pay gap has widened since last year, with men now out-earning women by 26%.
Another key theme in this year’s report is job security, with 63% of respondents feeling secure in their current role. With the number of those willing to relocate for a job opportunity falling by 7%, Accountancy and Finance professionals appear to understand the value of job security in a climate of political and economic instability.
GAAPweb explores the trends in Accountancy and Finance, diving deeper into how professionals and sectors have fared in 2019..
Introduction
Where our audience work
84%
of respondents hold a degree or
above
28%
of candidates hold an ACCA
qualification
22%
of respondents hold a CIMA qualification
30%
of respondents are based in
London
43%
are willing to relocate to further
their career
44%
work at a global brand / FTSE 350
company
Our audience at a glance
Accountant
Finance Manager
Finance Director
Financial Controller
Accounts Assistant
CFO
Assistant Accountant
Audit
Finance Assistant
Tax / Treasury
Credit Controller
FP&A Manager
Bookkeeper
Corporate Finance / M&A
PQ Accountant
FP&A Analyst
Payroll
NQ Accountant
0% 5% 9% 10% 15%1% 2% 3% 6% 7% 8% 13%12%11% 14%4%
Finance Business Partner
Head of Finance
Finance Analyst
Job Titles
Although our audience ranges from
Part Quali�ed Accountants to Chief
Financial Of�cers, the majority of
respondents (53%) currently work in
senior �nance positions including
Finance Director, Finance Manager,
Financial Controller and Head of
Finance.
Job Title
Accounts Payable
Purchase Ledger
Sector snapshot
Re�ecting last year’s results,
Manufacturing & Engineering (13%)
remains the most popular sector,
closely followed by Banking &
Financial Services (10%). At 8% each,
Retail / Wholesale and Accountancy
Practice are in joint third place.
1%
1%
Manufacturing& Engineering
Banking & FinancialServices
3%
13% 10% 8% 8% 7%
Retail / Wholesale
AccountsAssistant
IT / Telecoms
Lo
Transport / Logistics
Consumer p
rodu
cts
6% 5%
Property / Housing
Consultancy & Business Services
CharityTechnology Education / TrainingSport & Leisure
Phar
maceutical
Insurance Utilities
4%4%3% 4% 4%
2% 1%
413%
2%
5%
Accountancy Practice Construction
CFO
Public Sector
Fintech
5%
Law
1%
/
FMCG
Education and professionalqualifications
In keeping with the 2018 trend, this year’s results
revealed an audience which is becoming
increasingly quali�ed. The number of
respondents who are educated to degree level or
above rose for another year, now representing 84% of
our audience.
ACCA and CIMA quali�cations continue to be the
most popular professional quali�cations amongst our
audience. There has been a signi�cant increase in
respondents holding an AAT quali�cation, rising from
9% in 2018 to 20% this year. Rob Alder, Head of
Business Development at the AAT has outlined that the
growth in the quali�cation’s popularity could be due to
the fact that taking an apprenticeship followed by the
AAT is a“debt-free way of entering the profession and
one that pays from your �rst day.”
Changing employer requirements might also be a
factor. Whilst many organisations largely sought
graduates a decade ago, a new model has emerged
with a blended pool of talent mixing school leavers,
graduates and experienced professionals together.
Bachelor’sdegree
54%
Master’sdegree
22%
A Levels or equivalent
16%
ACCA
28%
CIMA
22%
AAT
20%
ICAEW
14%
CICM
1%
CTA
1%
Education Level
Professional Qualifications
MBA
8%
ACT
1%
Job title and average salary
There’s good news at the top, with the two highest
paying job titles experiencing an average salary
increase this year. Both CFOs and Finance Directors
can now expect to be earning over £100,000,
representing a shift in their previously stagnant
salaries.
On the other end of the spectrum, entry-level roles
such as NQ Accountant (+13%), Bookkeeper (+14%)
and Finance Assistant (+15%) have all seen a
generous jump in annual income compared to last
year.
For the second year in a row, the salaries for Credit
Controller and Tax / Treasury professionals have
gone up – both rising by 10% since 2018.
Salaries in FP&A were the only job titles to remain
static pay-wise year-on-year for both Manager and
Analyst roles.
Job title
CFO
Finance Director
Head of Finance
Corporate Finance / M&A
FP&A Manager
Financial Controller
Finance Business Partner
Tax / Treasury
Audit
Finance Manager
FP&A Analyst
Finance Analyst
NQ Accountant
Accountant
PQ Accountant
Payroll
Credit Controller
Accounts Payable
Purchase Ledger
Finance Assistant
Assistant Accountant
Bookkeeper
Accounts Assistant
£113,435
£98,617
£82,202
£77,500
£68,929
£69,694
£61,912
£51,413
£58,833
£56,096
£48,833
£42,080
£38,250
£43,389
£37,500
£37,333
£29,444
£27,969
£25,625
£25,000
£28,364
£23,393
£25,362
2018
£118,142
£100,483
£79,278
£73,529
£68,999
£68,170
£63,818
£56,529
£55,222
£53,105
£48,648
£43,671
£43,181
£41,229
£37,023
£34,305
£32,289
£30,161
£29,545
£28,775
£27,661
£26,666
£25,217
2019 % change
4%
2%
-4%
-5%
0%
-2%
3%
10%
-6%
-5%
0%
4%
13%
-5%
-1%
-8%
10%
8%
15%
15%
-2%
14%
-1%
£112,988
£98,859
£82,607
-
-
£65,915
£61,475
£44,028
£56,569
£57,385
-
£44,558
£47,000
£39,893
£32,500
£28,000
£28,158
£27,143
£26,333
-
£25,792
£26,613
£22,459
2017
Gender split by job title
This year, 58% of survey respondents were
male, representing a 6% increase in female
participants year-on-year.
However, women still occupy the
majority of the lowest-paying �nance jobs,
including Accounts Assistant (66%),
Bookkeeper (72%) and Finance Assistant
(63%), whereas the highest-paying roles in
the profession, CFO (86%), Finance Director
(75%) and FP&A Manager (73%), are largely
male-dominated.
71% 29%
63% 37%
66% 34%
72% 28%
48% 52%Accountant
25% 75%Finance Director
Accounts Assistant
46% 54%Finance Manager
Purchase Ledger
59% 41%Assistant Accountant
43% 57%Payroll
41% 59%Tax / Treasury
39% 61%Corporate Finance / M&A
39% 61%Credit Controller
Finance Assistant
34% 66%Finance Analyst
27% 73%NQ Accountant
35% 65%Financial Controller
Bookkeeper
39% 61%Audit
31% 69%FP&A Manager
43% 57%Accounts Payable
54%PQ Accountant
34% 66%Finance Business Partner
14% £60,000CFO 86%
£43,000 63%Head of Finance 37%
£43,000 64%FP&A Analyst 36%
46%
30% 40% 50% 60% 70% 80% 90% 100%20%10%0%
Female MaleKey
Salary by gender
This year’s survey revealed an overall average
gender pay gap of 26%, up 1% on last year’s
results.
The gender pay gap has widened signi�cantly
for job titles such as Accountant, Finance
Business Partner and Tax / Treasury. The most
signi�cant year-on-year change has been seen
in Corporate Finance / M&A roles, with men
now earning £25,549 more than their female
peers compared to £10,764 more in 2018.
Despite this, there have been year-on-year
improvements in Audit (+6%),
Credit Controller (+9%) and Financial
Controller (+3%) salaries, as well as senior job
titles such as Finance Director (+4%) and
Finance Manager (+1%).
Job Title
£42,964
£24,942
£27,262
£29,167
£48,393
£25,000
£118,333
£71,042
£27,188
£41,890
£25,000
£60,306
£93,113
£51,790
£63,723
£45,909
£73,000
£76,042
£31,667
£40,000
£39,286
£31,250
£50,000
£43,780
£26,058
£29,318
£27,100
£62,011
£17,500
£112,769
£81,806
£32,500
£42,188
£25,536
£62,674
£100,223
£58,469
£73,531
£50,526
£67,439
£83,941
£41,071
£33,333
£34,375
£22,500
£52,321
-2%
-4%
-7%
8%
-22%
43%
5%
-13%
-16%
-1%
-2%
-4%
-7%
-11%
-13%
-9%
8%
-9%
-23%
20%
14%
39%
-4%
Pay Gap %
£39,859
£25,371
£28,529
£27,682
£49,519
£27,763
£109,423
£57,999
£30,937
£39,230
£29,032
£58,602
£98,000
£50,065
£63,823
£42,692
£63,571
£73,378
£55,000
£28,749
£37,380
£25,666
£46,714
£42,848
£24,920
£32,692
£27,678
£59,124
£24,333
£119,548
£83,548
£33,099
£46,451
£28,333
£66,151
£101,547
£55,805
£70,544
£51,304
£71,379
£83,160
£38,750
£40,999
£36,944
£40,833
£63,399
-7%
2%
-13%
0%
-16%
14%
-8%
-31%
-7%
-16%
2%
-11%
-3%
-10%
-10%
-17%
-11%
-12%
42%
-30%
1%
-37%
-26%
Pay Gap %
Accountant
Accounts Assistant
Accounts Payable
Assistant Accountant
Audit
Bookkeeper
CFO
Corporate Finance / M&A
Credit Controller
Finance Analyst
Finance Assistant
Finance Business Partner
Finance Director
Finance Manager
Financial Controller
FP&A Analyst
FP&A Manager
Head of Finance
NQ Accountant
Payroll
PQ Accountant
Purchase Ledger
Tax / Treasury
2018 2019
Gender differences
This year’s salary survey results show men
earn an average of £17,566 more than
women per year, cementing a 26% pay
gap.
Whilst 58% of all male respondents receive
a bonus in their current roles, only 46% of
female respondents do.
As the leading Finance and Accountancy
job board, we want to champion gender
equality within the profession. At
GAAPweb we are proud to be among 350
�rms who have pledged to improve
gender diversity at senior levels by signing
up to the Women in Finance Charter.
Respondents’ gender split
42% of respondents
58% of respondents
Average age
40 years old
41 years old
Average % salaryincrease received
5%
6%
Receive a bonus in current role
Average salary
£48,772
£66,338
Average tenure
3.5 years
3.9 years
46% of respondents
Hold a degree or above
80% of respondents
87% of respondents
Received a pay increase inthe last year
61% of respondents
60% of respondents
Average % bonus to receive
8%
12%
Work overtime incurrent role
47% of respondents
47% of respondents
Average overtimehours worked per week
7.4 hours
8.7 hours
Feel secure in current job
64% of respondents
65% of respondents
58% of respondents
In keeping with the 2018 trend, this year’s results
revealed an audience which is becoming
increasingly quali�ed. The number of
respondents who are educated to degree level or
above rose for another year, now representing 84% of
our audience.
ACCA and CIMA quali�cations continue to be the
most popular professional quali�cations amongst our
audience. There has been a signi�cant increase in
respondents holding an AAT quali�cation, rising from
9% in 2018 to 20% this year. Rob Alder, Head of
Business Development at the AAT has outlined that the
growth in the quali�cation’s popularity could be due to
the fact that taking an apprenticeship followed by the
AAT is a“debt-free way of entering the profession and
one that pays from your �rst day.”
Changing employer requirements might also be a
factor. Whilst many organisations largely sought
graduates a decade ago, a new model has emerged
with a blended pool of talent mixing school leavers,
graduates and experienced professionals together.
AIA
£
£73,750£
£
£
ACT
£
£73,541£
£
£
£
£88,414£
£
£
ICAEW
Quali�cations and average salary
Following last year’s results, the salary for ICAEW
(or ACA) quali�ed accountants continues to rise.
Average pay for these professionals rose to
£88,414 - up 2% from £87,404 last year.
CIMA professionals have also seen an average
salary increase of around £1,000 year-on-year, and
can now expect to earn up to £11,000 more than
their ACCA-quali�ed peers.
In line with the rise in popularity of the AAT, there
has been an average salary increase of nearly
£9,000. This trend is perhaps attributed to the
changing employer requirements.
CTA
£
£66,470£
£
£
ACCA
£
£57,686£
£
£
£
£69,037£
£
£
CIMA
AAT
£
£42,103£
£
£
CICM
£
£41,081£
£
£
£
£46,249£
£
£
ATT
Salary by location
East Midlands £56,206South East 5%
South West £56,212
West Midlands £52,364
North East £51,397
North West £52,158
Australasia £68,055
Europe £64,437
London £65,004
Asia £53,975
Scotland £55,208
Wales £42,424
Whilst still enjoying premium pay
compared to the rest of their peers in
Europe and the UK, London-based
accountants have seen their salaries
drop for the �rst time in over three years
by 7%.
There was an average salary drop in
most UK locations, with a signi�cant 9%
fall in Scotland and the North of England,
where average pay fell by over £5,000.
Those seeking a higher pay cheque
should consider relocating to
Australasia, leading the table with the
highest average salary of £68,055.
South East £59,490
Job Title, Salary & Location
Job title
CFO
Finance Director
Head of Finance
Corporate Finance / M&A
Financial Controller
FP&A Manager
Finance Business Partner
Tax / Treasury
Audit
Finance Manager
FP&A Analyst
Finance Analyst
Accountant
NQ Accountant
Payroll
Credit Controller
PQ Accountant
Purchase Ledger
Assistant Accountant
Finance Assistant
Accounts Payable
Bookkeeper
Accounts Assistant
£96,750
£80,769
£95,000
£100,000
£83,749
£74,999
£96,250
£42,499
£37,940
£40,714
£25,000
£31,428
£24,530
-
-
£35,000
-
-
-
£21,666
£27,499
£19,999
£19,999
Asia
£90,000
£135,000
£67,500
£65,000
-
-
£60,000
-
£55,000
£100,000
£35,000
£19,999
£40,000
-
-
-
-
-
-
-
-
-
-
Australasia
£112,625
£112,069
£86,562
£67,727
£65,185
£66,250
£56,250
£57,999
£70,333
£52,702
£57,500
£41,363
£43,783
£35,000
£63,000
£33,000
£40,000
£24,999
£26,363
£35,714
£28,333
£45,000
£24,499
Europe
£133,585
£114,747
£86,774
£86,470
£80,353
£77,173
£71,949
£69,852
£64,375
£60,880
£59,090
£51,016
£47,352
£47,000
£40,624
£40,499
£39,444
£33,000
£32,432
£30,697
£29,399
£29,090
£27,618
London
£105,000
£84,821
£59,000
£41,666
£57,931
£55,000
£63,333
£58,999
£46,428
£44,000
-
£30,000
£41,199
-
£25,000
£23,749
£35,000
£35,000
£23,999
£23,571
£19,999
£25,000
£24,166
North East
£129,000
£98,478
£68,157
£58,333
£57,830
£59,000
£61,125
£36,499
£60,714
£49,596
£46,428
£38,863
£36,975
-
£25,833
£27,307
£35,000
£19,999
£25,517
£24,999
£25,000
£23,333
£22,727
North West
£92,500
£92,142
£85,000
-
£41,999
£25,000
£46,666
£45,000
£62,500
£50,000
-
£65,000
£36,428
-
-
£25,000
-
-
£35,000
£25,000
£19,999
-
£23,749
Scotland
£110,277
£100,714
£75,428
£72,500
£66,984
£72,727
£66,410
£56,875
£49,545
£54,197
£42,500
£41,785
£42,965
£35,000
£23,999
£26,333
£36,000
£23,749
£27,058
£24,999
£25,999
£24,583
£26,136
South East
£111,250
£85,526
£90,416
£52,000
£60,454
£68,888
£56,250
£54,000
£52,857
£50,833
£45,000
£52,500
£39,821
£25,000
£27,499
£31,000
£29,999
£22,499
£23,124
£32,999
£37,500
-
£24,499
South West
-
£73,333
£75,000
-
£43,999
£55,000
£50,000
-
£28,333
£42,500
-
£25,000
£41,666
-
-
£45,000
-
-
£30,000
£25,000
-
£19,999
£25,000
Wales
£127,500
£94,722
£67,500
£75,000
£65,428
£70,000
£54,545
£27,857
£46,153
£50,121
£40,000
£36,315
£38,636
£75,000
£29,000
£23,333
£31,666
£19,999
£26,764
£25,333
£56,000
£25,999
£24,047
West Midlands East Midlands
£115,000
£92,653
£72,222
-
£66,249
£51,666
£57,333
£55,000
£26,666
£47,500
£35,000
£43,461
£34,193
-
£22,499
£25,000
£38,333
£49,999
£25,714
£31,249
£22,499
£30,000
£22,856
Salary by sector
Accountant
Accounts Assistant
Accounts Payable
Assistant Accountant
Audit
Bookkeeper
CFO
Corporate Finance / M&A
Credit Controller
Finance Analyst
Finance Assistant
Finance Business Partner
Finance Director
Finance Manager
Financial Controller
FP&A Analyst
FP&A Manager
Head of Finance
NQ Accountant
Payroll
PQ Accountant
Purchase Ledger
Tax / Treasury
Despite an annual drop of 11%
(representing more than £9,000),
Fintech remains the highest paid
sector, closely followed by
Pharmaceutical, which has seen
an increase of nearly £5,000 in
2019.
Salaries in the Utilities sector have
also seen growth of £4,000,
whereas those in Property /
Housing and Manufacturing &
Engineering have dropped by
£9,000 and £7,000 respectively
since 2018.
Av. Salary
70K
60K
50K
40K
30K
20K
10K
0
80K
Technology£70,457
Fin
tech
£76
,666
Ph
arm
aceu
tica
l £74
,519
Con
sult
ancy
& B
usi
nes
s Se
rvic
es £
71,3
72
Tec
hn
olog
y £
70,4
57
IT /
Tel
ecom
s £7
0,32
9
Insu
ran
ce £
66,7
77
Uti
liti
es £
64,4
44
Ban
kin
g /
Fin
anci
al s
erv
ices
£64
,124
Con
sum
er P
rod
uct
s /
FM
CG
£61
,637
Man
ufa
ctu
rin
g /
En
gin
eeri
ng
£61
,213
Spor
t &
Lei
sure
£59
,144
Law
£57
,699
Pro
per
ty /
Hou
sin
g £
58,6
14
Tra
nsp
ort
/ L
ogis
tics
£55
,730
Con
stru
ctio
n £
53,8
80
Ed
uca
tion
/ T
rain
ing
£53
,376
Ret
ail
/ W
hol
esal
e £5
1,44
6
Ch
arit
y £
49,1
23
Pu
bli
c Se
ctor
£43
,023
Acc
oun
tan
cy P
ract
ice
£38,
401
Sectors
Salary increase
The majority of our audience (60%) received a
salary increase in the past 12 months. Whilst 71%
received less than 5%, 18% were awarded a pay rise
of 10% or more.
Audit and Head of Finance professionals were the
most likely to have received a pay rise in the last
12 months.
It was a particularly tough year for Bookkeepers. In
addition to earning one of the lowest average salaries
in the sector (£26,666), they were the least likely to
have received a pay increase in 2019.
Job Title
Accountant
Accounts Assistant
Accounts Payable
Assistant Accountant
Audit
Bookkeeper
CFO
Corporate Finance / M&A
Credit Controller
Finance Analyst
Finance Assistant
Finance Business Partner
Finance Director
Finance Manager
Financial Controller
FP&A Analyst
FP&A Manager
Head of Finance
NQ Accountant
Payroll
PQ Accountant
Purchase Ledger
Tax / Treasury
37%
44%
52%
43%
30%
67%
51%
31%
42%
42%
52%
32%
41%
37%
39%
35%
45%
30%
64%
39%
43%
45%
35%
No Increase Increase
63%
56%
48%
57%
70%
33%
49%
69%
58%
58%
48%
68%
59%
63%
61%
65%
55%
70%
36%
61%
57%
55%
65%
6-9%11%
0-2%37%
% Increase
20%+5%
10%-20%13%
3-5%34%
Bonus
The majority of respondents (53%) said they receive
a bonus in their current role, and 50% of those took
home an extra 10% or more on top of their basic
salary.
As well as enjoying the highest average salaries in
the profession, 73% of CFOs, 67% of Finance
Directors and 65% of Heads of Finance also received
a bonus in 2019.
Whilst the salaries for those in FP&A roles remained
static, a high percentage of FP&A Analysts (59%) and
Managers (70%) received a bonus.
Job Title
Accountant
Accounts Assistant
Accounts Payable
Assistant Accountant
Audit
Bookkeeper
CFO
Corporate Finance / M&A
Credit Controller
Finance Analyst
Finance Assistant
Finance Business Partner
Finance Director
Finance Manager
Financial Controller
FP&A Analyst
FP&A Manager
Head of Finance
NQ Accountant
Payroll
PQ Accountant
Purchase Ledger
Tax / Treasury
60%
71%
60%
73%
37%
83%
27%
27%
49%
44%
67%
32%
33%
43%
45%
41%
30%
35%
36%
64%
67%
68%
41%
No Bonus Bonus
40%
29%
40%
27%
63%
17%
73%
73%
51%
56%
33%
68%
67%
57%
55%
59%
70%
65%
64%
36%
33%
32%
59%Bonus %
6-9%16%
10-20%33%
3-5%19%
20%+16%
0-2%16%
�e relocation question
Down 7% from last year, results show
that 43% of candidates would be
willing to relocate to further their
career development.
45% of those respondents willing to
relocate would be looking for an
overseas move, with Europe being
the prime location at 21%, followed
by Asia at 16% and Australasia at
11%.
London still remains a popular choice
for relocation, with 18% of �nance
professionals across the UK willing to
move to the capital for the right
opportunity.
East Midlands 8%South East 5%South West 8%
West Midlands 8%
North East 6%
North West 7%
Australasia 11%
Europe 21%
London 18%
Asia 16%
Scotland 6%
Wales 5%
South East 10%
Job security
This year, we asked our audience
whether they agreed with the
statement “I feel secure in my
current job.”
Despite the zeitgeist of uncertainty
surrounding Brexit and the
economy, 65% of respondents feel
secure in their current role.
For the 14% not feeling so secure
in their current jobs, the Brexit
impact is outweighed by sector
speci�c challenges and company
restructuring.
53%
Redundancies within the company /
employer
39%
Challenges speci�c to the sector I work in
8%
Impact of Brexit
24% Strongly agree
22% Neither agree nor disagree
41% Agree
10% Disagree
4% Strongly disagree
“I feel secure in my current job”
CFO
Finance Director
Head of Finance
Corporate Finance / M&A
Financial Controller
FP&A Manager
Finance Business Partner
Tax / Treasury
Audit
Finance Manager
FP&A Analyst
Finance Analyst
Accountant
NQ Accountant
Payroll
Credit Controller
PQ Accountant
Purchase Ledger
Assistant Accountant
Finance Assistant
Accounts Payable
Bookkeeper
Accounts Assistant
52% 45% 11% 11% 9%
Private HealthcareChildcare SupportGym ContributionFlexible Working/
Work from HomeTravel Loan
Popular perks
Accountant
Accounts Assistant
Accounts Payable
Assistant Accountant
Audit
Bookkeeper
CFO
Corporate Finance / M&A
Credit Controller
Finance Analyst
Finance Assistant
Finance Business Partner
Finance Director
Finance Manager
Financial Controller
FP&A Analyst
FP&A Manager
Head of Finance
NQ Accountant
Payroll
PQ Accountant
Purchase Ledger
Tax / Treasury
77%
of respondents would recommend
GAAPweb to friends and colleagues
Candidates who got their job through GAAPweb earn an average salary of £76,721 – 32% higher than those who found work elsewhere.
of respondents visit GAAPweb on a daily
or weekly basis
29%
Tried & Tested
Accountant
Accounts Assistant
Accounts Payable
Assistant Accountant
Audit
Bookkeeper
CFO
Corporate Finance / M&A
Credit Controller
Finance Analyst
Finance Assistant
Finance Business Partner
Finance Director
Finance Manager
Financial Controller
FP&A Analyst
FP&A Manager
Head of Finance
NQ Accountant
Payroll
PQ Accountant
Purchase Ledger
Tax / Treasury
2019 was a year of �uctuations. Whilst the majority (60%) of participants received a pay rise and other bene�ts (53%), average annual salaries in most UK locations took a hit, with London salaries decreasing for the �rst time in three years.
Though still making up the majority of our audience, the ACCA and CIMA quali�cations declined in popularity alongside a rise inrespondents holding the AAT quali�cation. This, as well as the average salary for AAT candidates rising by almost £9,000, signi�ed an emerging shift in the accounting quali�cation landscape.
Although women out-earn men in 6 of the 23 surveyed job titles, the pay gap has widened overall to 26% which is 9% higher than the national average. In particular, a profound setback was experienced by those working in Corporate Finance / M&A, with men now earning an average of £25,549 (18%) more than their female peers. Women remain underpaid and under-represented in the majority of senior accounting and �nance roles.
Whilst pay inequality remains contentious, there was some positivity seen in terms of job security. Nearly 2/3 of our audience feel safe in their current role, which is surprising in the current climate of political and economic instability.
Out of the 14% who did not agree, only 8% of respondents listed Brexit as a factor for concern. Instead, company redundancies and sector speci�c challenges were named as key anxieties by our audience – a signi�cant number (18%) of whom are employed in the volatileBanking and Financial Services and Retail / Wholesale sectors.
As we enter the next decade with a new political landscape, it remains to be seen whether existing gender and demographic inequalities within Finance and Accountancy will be addressed and recti�ed.
.
Conclusion
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