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Hi,
I had graduated from the university of birmingham woth a 2:1 in accountig and finance bsc back im 2015, since then i had been employed by a small accountancy practice with a training contract, however i was dissapointed with the salary being 15k.
For the past 2 years ive been able to prepare accounts, vat returns, corp tax and also had secondment in payroll. I however havent had the opportunity yet to go out and face clients (behind the scenes work) or supervise others at work. Ive had a rocky first year at work regarding my performance however i am slowly picking things up.
I am part qualified with 4 professional exams left and hoping to qualify in summer of 2018 (3 years practical experience completed)
My question is, what salary range should i be on when i fully qualify in a years time and at my current level of experience? I feel as if i wont make a good professional accountant.
Hi, it depends on your location, size of the company, and position level. If you are in London, I would say from 40k and above for an accountant role although I do see lower salaries so I guess it depends on the company. Entry level managerial roles would start from £45k, all dependent on the extent of responsibilities of course.
You need to be confident, ACCA is a great credential and capitalise on your current experience, trust me there are a lot of unqualified people in managerial roles, but they know how to talk their way through.
Try to gain as much experience as you can, sometimes that helps improve your self confidence in your ability to do that job too and choose the company where you will be encouraged to grow. And if you could, choose the right boss for your personality, it will make a lot of difference.
thankyou that was very good advice! i am trying to gain experience and learn as much as i can at my current workplace but, i feel that the mentoring is not very effective, the firm are quite disorganised aswell and i feel as if i havent grown in this firm over the past 2 years. However i was thinking of sticking around until i qualify (which is another year) otherwise if i leave now i will have to pay back all the exams i had taken with them. Hopefully can move onto bigger and better things in 2018.
Hi Pchahal,
Some great advice from eagledave there. I agree, it really does depend on your location, size of company etc.
I would also recommend for you to get as much experience as you can and improve on any areas of weakness in your day to day role and also in any soft skills.
Hi
Have you thought about what type of work you would like to do in the future? Why not look for a new job now? The employment market for PQs seems pretty buoyant in London so you might find the same is the case in Birmingham. How much would it cost to pay back for the exams? As you don’t earn a lot it may be worth moving as:
– your current training doesn’t seem very inspiring
– sometimes its easier to make a change with a lower salary expectation.I would prefer to get a job in london once i qualify, as salary should be decent enough to cover living costs. If i left now i would have to pay over £1000 for the exams already taken. And even though the training isnt inspiring, it will still help me understand concepts and procedures alot more better in my next job. At the moment I havent given much thought as to what i want to pursue specifically after qualifying, i am doing an all round accounts job, getting exposure to different areas in business.
So would it be better to ride it out and wait 1 more year before moving on to my next role?
To be honest, if you are only earning £15,000 a year (has it increased at all?) I’d be inclined to bite the bullet and move on. One benefit of leaving earlier is that no-one expects to pay as much so it can be easier to find a role. Uninspiring jobs are bad for the soul….
On the other hand if you are progressing ok with exams I could understand a reluctance to break out of a routine.
It has increased but by a small amount. since starting 2 years ago it has increased by £750 solely due to passing exams. I passed my P2 exam on Monday so have 4 more to go, i understand what you mean about moving on and thats what i would intend to do after completing my exams here. Only 12 months left.
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