Accountants see marginal salary increase compared to lawyers

Accountants’ salaries saw a modest 3.2% growth in 2018 compared with legal services which saw salaries increase by 7.6%, although the average salary for an accountant remains higher, according to research from CV-Library

Last year the average salary advertised for an accountant was £33,910, up by 3.2% compared to 2017. However, the legal sector saw salaries grow 7.6% to hit £33,660. Although this is still lower than the average salary of an accountant, salaries for lawyers saw over double the percentage growth.

The legal sector also saw job vacancies increase by 36% compared with 11.1% for accountants.

The marketing and hospitality sector both saw pay increase by 7.1% to £34,420 and £28,850 respectively. Catering saw the slowest growth with the average salary growing by 2.8% to £24,570.

Lee Biggins, founder and CEO of CV-Library, said: ‘Throughout 2018 there was a great deal of competition for businesses to attract and secure the most talented accounting professionals, hence why the sector has seen such a jump in pay. As such, if you are looking to secure a pay rise in the year ahead, there is plenty of opportunity for you to do so in this influential industry.

‘January is always a great time to look for a new job, as many employers look to strengthen their existing workforce. If you’re considering a new role or perhaps even thinking about a career change, the accounting sector has lots to offer, especially when it comes to exciting job opportunities.’

Other industries which saw the number of job vacancies increase significantly were agriculture (36%), retail (28.1%) and IT (19.7%).

Report by Amy Austin

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