Salaries for management accountants up 13%, says CIMA

Salaries for qualified management accountants and part-qualified students have risen well above the national average, according to the latest CIMA survey which says pay rates are up by 13% and 9% respectively compared to last year's figures.

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CIMA's research shows its UK members are currently earning an average of £60,655 in basic salary plus £6,055 in bonus payments, with part-qualified CIMA students taking home on average £34,309 (basic salary), plus £1,836 in bonus payments.

Andrew Harding, CIMA managing director, said: '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 survey suggests key motivators for both CIMA members and students are flexibility or work-life balance (49%), a good working environment (47%), financial reward (43%) and a challenging workload (39%).

Skills qualified CIMA members most want to develop over the next 12 months include leadership, strategic planning and implementation and persuading and influencing.

Only 7% of qualified members and part-qualified students see themselves in the same role in three years' time, which CIMA says suggests the presence of a high degree of mobility and promotion prospects. Overall, 23% plan to find another job over the next six months and a total of 57% expect to move job within the next two years. Of those, 89% plan to stay within the UK.

Pat Sweet | Reporter, Accountancy Daily [2010-2021]

Pat Sweet was the former online reporter at Accountancy Daily and contributor to the monthly Accountancy magazine, pub...

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