Chartered accountants in Leinster now paid almost €110,000, research finds
The average salary package for a Chartered Accountant in Leinster has risen by 9% in the last year to €109,756 according to new research published today.
The survey of 1,100 chartered accountants was carried out by Chartered Accountants Leinster Society in association with The Panel search and selection consultancy.
The research reveals that 75% of chartered accountants have seen their salary increase by at least 10% over the last three years.
The average salary package for a chartered accountant working in industry in their first year post-qualification now stands at €56,800.
For those working in financial services in their first year post-qualification the average package rises to €58,100.
As well as rising salaries, the survey indicates a healthy level of career progression within the chartered accountancy profession, with 41% of those surveyed having been promoted in the last three years.
This was down slightly from 49% for the same period in 2015.
Chartered Accountants also reported feeling confident about their employment prospects, with 88% finding the jobs market positive.
Just 2% of respondents were unemployed at the time of the survey.
The salary survey also shows that most chartered accountants in Leinster currently work in industry, business and financial services, with 76% working in these sectors, while 24% work in an accountancy practice.
Commenting on the results of the salary survey, Shane McAleer, chairman of Chartered Accountants Leinster Society said: “The 2016 Leinster Society salary survey shows strong demand for chartered accountants and considerable career opportunities, whether in financial services, audit or industry.
“At the younger end of the profession, we are seeing strong demand for trainees and chartered accountancy remains the largest employer of new graduates in Ireland.
“We are seeing more training vacancies available in businesses and practices across Ireland for graduates of all backgrounds, and greater flexibility for those who are interested in training to become a chartered accountant.
“We believe that the survey shows that chartered accountancy remains the leading accountancy qualification in Ireland due to its attractive rewards, international opportunities and rapid career progression.”
Paul McArdle, managing partner of The Panel, who assisted in analysing the survey results said: “We know that employers are keen to hold on to their key people.
“Three quarters of our survey respondents have seen their salary increase by more than 10% in the last three years.
“Businesses and firms value the skills of chartered accountants highly and are willing to negotiate to retain that talent.”
