Articles
Salary Survey 2015
The Definitive Annual Salary Guide for 2015
9th Annual Survey
Accountancy & Finance London and the Home Counties
“Its been 7 years since we have seen markets like this. On a like-for-like basis, comparing 2014 to 2013,
it was like stepping off a plane into a different economic region. The pace of change has been rapid and exhilarating.”
David Archer, Director at Circle Square
Predictions for 2015
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2015 will see strong paygrowth underpinned by tight candidate availability. Confederation of British Industry (CBI) |
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Political uncertainty as a result of the impending general election will dampen down demand in Q2/3. This view is mirrored by the British Champers. |
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Regardless of recent economic activity it is still widely predicted that the Bank of England's MPC will raise interest rates by at least 0.25%. IHS Global Insight |
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Which ever political party wins in May the continuing shift from public to private sector will affect wage inflation marginally, as the market is fuelled by extra supply. Financial Times (FT) |
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“The war for talent is back again. The strongest companies will be the ones that develop a strong candidate
attraction proposition and work hard on staff retention. In particular this will be prevalent in the white collar market”
Andrew Pringle, Director at Circle Square
Our Sources for this Guide
The data has been researched and analysed fully by our team of market experts to provide an insight into an accurate and fully comprehensive guidline to salaries.
Our sources have included candidates' disclosure of salaries, advertised salaries and job offers by our own clients, effectively factoring in current market conditions and forecasts.
Due to our success with many SMEs, mid to large cap PLCs and Internationals we are able to forecast how remuneration packages for people who work in Accountancy will look in the coming months and we can do this with a high degree of accuracy. Obviously company size, the sector, location, the person spec, benefits packages and other influences can heavily influence the salary, therefore please only use this publication as a guide to current salaries and bonuses.
Speak to us if you have a unique position to fill or are keen to hear about the general trends in remuneration structures. We're always happy to oblige!
Permanent & Contract Salaries
| Title | Basic Salary | Bonus | Car |
| £ | £ | £ | |
| CFO | 250,000 to 1,200,000 | 80,000 to 1,000,000 | 25,000 |
| Financial Director | 200,000 to 600,000 | 50,000 to 400,000 | 20,000 |
| Financial Controller | 100,000 to 180,000 | 25,000 to 80,000 | 10,000 |
| Head of FP&A | 100,000 to 150,000 | 25,000 to 60,000 | 10,000 |
| Finance Manager | 50,000 to 60,000 | 7,000 to 20,000 | 10,000 |
| Analyst / Business Partner | 40,000 to 70,000 | 5,000 to 20,000 | 0 |
| Financial Accountant | 35,000 to 75,000 | 5,000 to 20,000 | 0 |
| Management Accountant | 40,000 to 65,000 | 5,000 to 10,000 | 0 |
| Part-Qualified Accountant | 25,000 to 40,000 | 0 to 10,000 | 0 |
| Accounts Assistant | 24,000 to 32,000 | 0 to 5,000 | 0 |
| Accounts Payable Manager | 30,000 to 40,000 | 0 to 5,000 | 0 |
| Accounts Payable Clerk | 25,000 to 28,000 | 0 to 5,000 | 0 |
| Accounts Receivables Manager | 30,000 to 40,000 | 0 to 5,000 | 0 |
| Accounts Receivables Clerk | 22,000 to 32,000 | 0 to 5,000 | 0 |
| Payroll Manager | 28,000 to 45,000 | 0 to 5,000 | 0 |
| Payroll Clerk | 25,000 to 32,000 | 0 to 5,000 | 0 |
| Credit Manager | 38,000 to 60,000 | 3,000 to 10,000 | 0 |
| Credit Controller | 25,000 to 35,000 | 0 to 10,000 | 0 |
For businesses with a turn-over in excess of 500m
PERMANENT & CONTRACT SALARIES
| Title | Basic Salary | Bonus | Car |
| £ | £ | ||
| CFO | 150,000 to 600,000 | 50,000 to 500,000 | 25,000 |
| Financial Director | 80,000 to 300,000 | 30,000 to 100,000 | 20,000 |
| Financial Controller | 50,000 to 120,000 | 20,000 to 40,000 | 15,000 |
| Head of FP&A | 80,000 to 150,000 | 25,000 to 60,000 | 10,000 |
| Finance Manager | 35,000 to 55,000 | 5,000 to 40,000 | 5,000 |
| Analyst / Business Partner | 40,000 to 70,000 | 5,000 to 20,000 | 0 |
| Financial Accountant | 35,000 to 60,000 | 0 to 5,000 | 0 |
| Management Accountant | 35,000 to 50,000 | 0 to 5,000 | 0 |
| Part-Qualified Accountant | 25,000 to 35,000 | 0 to 0 | 0 |
| Accounts Assistant | 18,000 to 30,000 | 0 to 0 | 0 |
| Accounts Payable Manager | 25,000 to 35,000 | 0 to 0 | 0 |
| Accounts Payable Clerk | 18,000 to 25,000 | 0 to 0 | 0 |
| Accounts Receivables Manager | 25,000 to 35,000 | 0 to 0 | 0 |
| Accounts Receivables Clerk | 18,000 to 35,000 | 0 to 0 | 0 |
| Payroll Manager | 28,000 to 35,000 | 0 to 0 | 0 |
| Payroll Clerk | 20,000 to 30,000 | 0 to 0 | 0 |
| Credit Manager | 30,000 to 40,000 | 2,000 to 8,000 | 0 |
| Credit Controller | 20,000 to 30,000 | 0 to 5,000 | 0 |
For businesses with a turn-over below £500m
Temp Pay Rate Bands / Paye
| Title | Hourly | Paye | Rate |
| CFO / Financial Director | 50 | to | Neg |
| Financial Controller / Head of Finance | 44 | to | 75 |
| Head of FP&A | 38 | to | 63 |
| Finance Manager | 31 | to | 56 |
| Analyst / Business Partner | 31 | to | 50 |
| Financial Accountant | 31 | to | 50 |
| Auditor | 31 | to | 50 |
| Management Accountant | 31 | to | 50 |
| Part Qualified to Finalist | 18 | 31 | |
| Accounts Payable Manager | 18 | 31 | |
| Payroll Manager | 18 | 31 | |
| Accounts Receivables Manager | 18 | 31 | |
| Assistant Accountant | 11 | 20 | |
| Accounts Receivables Clerk | 10 | 15 | |
| Payroll Clerk | 10 | 15 | |
| Credit Control Clerk | 10 | 15 | |
| Accounts Payable Clerk | 10 | 15 | |
| Graduate Junior | 10 | 13 |
For businesses across all turn-overs
Interim Day Rate Bands
| Title | Day | Rate / | Ltd |
| CFO / Financial Director | 400 | to | Neg |
| Financial Controller / Head of Finance | 350 | to | 600 |
| Head of FP&A | 300 | to | 500 |
| Finance Manager | 250 | to | 450 |
| Analyst / Business Partner | 250 | to | 400 |
| Financial Accountant | 250 | to | 400 |
| Auditor | 250 | to | 400 |
| Management Accountant | 250 | to | 400 |
| Part Qualified to Finalist | 140 | 250 | |
| Accounts Payable Manager | 140 | 250 | |
| Payroll Manager | 140 | 250 | |
| Accounts Receivables Manager | 140 | 250 | |
| Assistant Accountant | 90 | 160 | |
| Accounts Receivables Clerk | 80 | 120 | |
| Payroll Clerk | 80 | 120 | |
| Credit Control Clerk | 80 | 120 | |
| Accounts Payable Clerk | 80 | 120 | |
| Graduate Junior | 80 | 100 |
For businesses across all turn-overs
