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Page 1: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

Audience Insight Report 2019

Page 2: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of their working lives, from job title and sector to annual salary and rewards.

The results re�ect our quali�ed, high calibre audience – with 84% of respondents educated to degree level or above. Whilst we received responses from candidates at every level (Part Quali�ed to CFO), the majority of our audience (53%) hold senior roles, including Finance Director, Financial Controller and Finance Manager.

Although there was good news with the majority of respondents receiving a pay rise (60%) and a bonus (53%), the gender pay gap has widened since last year, with men now out-earning women by 26%.

Another key theme in this year’s report is job security, with 63% of respondents feeling secure in their current role. With the number of those willing to relocate for a job opportunity falling by 7%, Accountancy and Finance professionals appear to understand the value of job security in a climate of political and economic instability.

GAAPweb explores the trends in Accountancy and Finance, diving deeper into how professionals and sectors have fared in 2019..

Introduction

Page 3: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

Where our audience work

Page 4: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

84%

of respondents hold a degree or

above

28%

of candidates hold an ACCA

qualification

22%

of respondents hold a CIMA qualification

30%

of respondents are based in

London

43%

are willing to relocate to further

their career

44%

work at a global brand / FTSE 350

company

Our audience at a glance

Page 5: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

Accountant

Finance Manager

Finance Director

Financial Controller

Accounts Assistant

CFO

Assistant Accountant

Audit

Finance Assistant

Tax / Treasury

Credit Controller

FP&A Manager

Bookkeeper

Corporate Finance / M&A

PQ Accountant

FP&A Analyst

Payroll

NQ Accountant

0% 5% 9% 10% 15%1% 2% 3% 6% 7% 8% 13%12%11% 14%4%

Finance Business Partner

Head of Finance

Finance Analyst

Job Titles

Although our audience ranges from

Part Quali�ed Accountants to Chief

Financial Of�cers, the majority of

respondents (53%) currently work in

senior �nance positions including

Finance Director, Finance Manager,

Financial Controller and Head of

Finance.

Job Title

Accounts Payable

Purchase Ledger

Page 6: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

Sector snapshot

Re�ecting last year’s results,

Manufacturing & Engineering (13%)

remains the most popular sector,

closely followed by Banking &

Financial Services (10%). At 8% each,

Retail / Wholesale and Accountancy

Practice are in joint third place.

1%

1%

Manufacturing& Engineering

Banking & FinancialServices

3%

13% 10% 8% 8% 7%

Retail / Wholesale

AccountsAssistant

IT / Telecoms

Lo

Transport / Logistics

Consumer p

rodu

cts

6% 5%

Property / Housing

Consultancy & Business Services

CharityTechnology Education / TrainingSport & Leisure

Phar

maceutical

Insurance Utilities

4%4%3% 4% 4%

2% 1%

413%

2%

5%

Accountancy Practice Construction

CFO

Public Sector

Fintech

5%

Law

1%

/

FMCG

Page 7: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

Education and professionalqualifications

In keeping with the 2018 trend, this year’s results

revealed an audience which is becoming

increasingly quali�ed. The number of

respondents who are educated to degree level or

above rose for another year, now representing 84% of

our audience.

ACCA and CIMA quali�cations continue to be the

most popular professional quali�cations amongst our

audience. There has been a signi�cant increase in

respondents holding an AAT quali�cation, rising from

9% in 2018 to 20% this year. Rob Alder, Head of

Business Development at the AAT has outlined that the

growth in the quali�cation’s popularity could be due to

the fact that taking an apprenticeship followed by the

AAT is a“debt-free way of entering the profession and

one that pays from your �rst day.”

Changing employer requirements might also be a

factor. Whilst many organisations largely sought

graduates a decade ago, a new model has emerged

with a blended pool of talent mixing school leavers,

graduates and experienced professionals together.

Bachelor’sdegree

54%

Master’sdegree

22%

A Levels or equivalent

16%

ACCA

28%

CIMA

22%

AAT

20%

ICAEW

14%

CICM

1%

CTA

1%

Education Level

Professional Qualifications

MBA

8%

ACT

1%

Page 8: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

Job title and average salary

There’s good news at the top, with the two highest

paying job titles experiencing an average salary

increase this year. Both CFOs and Finance Directors

can now expect to be earning over £100,000,

representing a shift in their previously stagnant

salaries.

On the other end of the spectrum, entry-level roles

such as NQ Accountant (+13%), Bookkeeper (+14%)

and Finance Assistant (+15%) have all seen a

generous jump in annual income compared to last

year.

For the second year in a row, the salaries for Credit

Controller and Tax / Treasury professionals have

gone up – both rising by 10% since 2018.

Salaries in FP&A were the only job titles to remain

static pay-wise year-on-year for both Manager and

Analyst roles.

Job title

CFO

Finance Director

Head of Finance

Corporate Finance / M&A

FP&A Manager

Financial Controller

Finance Business Partner

Tax / Treasury

Audit

Finance Manager

FP&A Analyst

Finance Analyst

NQ Accountant

Accountant

PQ Accountant

Payroll

Credit Controller

Accounts Payable

Purchase Ledger

Finance Assistant

Assistant Accountant

Bookkeeper

Accounts Assistant

£113,435

£98,617

£82,202

£77,500

£68,929

£69,694

£61,912

£51,413

£58,833

£56,096

£48,833

£42,080

£38,250

£43,389

£37,500

£37,333

£29,444

£27,969

£25,625

£25,000

£28,364

£23,393

£25,362

2018

£118,142

£100,483

£79,278

£73,529

£68,999

£68,170

£63,818

£56,529

£55,222

£53,105

£48,648

£43,671

£43,181

£41,229

£37,023

£34,305

£32,289

£30,161

£29,545

£28,775

£27,661

£26,666

£25,217

2019 % change

4%

2%

-4%

-5%

0%

-2%

3%

10%

-6%

-5%

0%

4%

13%

-5%

-1%

-8%

10%

8%

15%

15%

-2%

14%

-1%

£112,988

£98,859

£82,607

-

-

£65,915

£61,475

£44,028

£56,569

£57,385

-

£44,558

£47,000

£39,893

£32,500

£28,000

£28,158

£27,143

£26,333

-

£25,792

£26,613

£22,459

2017

Page 9: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

Gender split by job title

This year, 58% of survey respondents were

male, representing a 6% increase in female

participants year-on-year.

However, women still occupy the

majority of the lowest-paying �nance jobs,

including Accounts Assistant (66%),

Bookkeeper (72%) and Finance Assistant

(63%), whereas the highest-paying roles in

the profession, CFO (86%), Finance Director

(75%) and FP&A Manager (73%), are largely

male-dominated.

71% 29%

63% 37%

66% 34%

72% 28%

48% 52%Accountant

25% 75%Finance Director

Accounts Assistant

46% 54%Finance Manager

Purchase Ledger

59% 41%Assistant Accountant

43% 57%Payroll

41% 59%Tax / Treasury

39% 61%Corporate Finance / M&A

39% 61%Credit Controller

Finance Assistant

34% 66%Finance Analyst

27% 73%NQ Accountant

35% 65%Financial Controller

Bookkeeper

39% 61%Audit

31% 69%FP&A Manager

43% 57%Accounts Payable

54%PQ Accountant

34% 66%Finance Business Partner

14% £60,000CFO 86%

£43,000 63%Head of Finance 37%

£43,000 64%FP&A Analyst 36%

46%

30% 40% 50% 60% 70% 80% 90% 100%20%10%0%

Female MaleKey

Page 10: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

Salary by gender

This year’s survey revealed an overall average

gender pay gap of 26%, up 1% on last year’s

results.

The gender pay gap has widened signi�cantly

for job titles such as Accountant, Finance

Business Partner and Tax / Treasury. The most

signi�cant year-on-year change has been seen

in Corporate Finance / M&A roles, with men

now earning £25,549 more than their female

peers compared to £10,764 more in 2018.

Despite this, there have been year-on-year

improvements in Audit (+6%),

Credit Controller (+9%) and Financial

Controller (+3%) salaries, as well as senior job

titles such as Finance Director (+4%) and

Finance Manager (+1%).

Job Title

£42,964

£24,942

£27,262

£29,167

£48,393

£25,000

£118,333

£71,042

£27,188

£41,890

£25,000

£60,306

£93,113

£51,790

£63,723

£45,909

£73,000

£76,042

£31,667

£40,000

£39,286

£31,250

£50,000

£43,780

£26,058

£29,318

£27,100

£62,011

£17,500

£112,769

£81,806

£32,500

£42,188

£25,536

£62,674

£100,223

£58,469

£73,531

£50,526

£67,439

£83,941

£41,071

£33,333

£34,375

£22,500

£52,321

-2%

-4%

-7%

8%

-22%

43%

5%

-13%

-16%

-1%

-2%

-4%

-7%

-11%

-13%

-9%

8%

-9%

-23%

20%

14%

39%

-4%

Pay Gap %

£39,859

£25,371

£28,529

£27,682

£49,519

£27,763

£109,423

£57,999

£30,937

£39,230

£29,032

£58,602

£98,000

£50,065

£63,823

£42,692

£63,571

£73,378

£55,000

£28,749

£37,380

£25,666

£46,714

£42,848

£24,920

£32,692

£27,678

£59,124

£24,333

£119,548

£83,548

£33,099

£46,451

£28,333

£66,151

£101,547

£55,805

£70,544

£51,304

£71,379

£83,160

£38,750

£40,999

£36,944

£40,833

£63,399

-7%

2%

-13%

0%

-16%

14%

-8%

-31%

-7%

-16%

2%

-11%

-3%

-10%

-10%

-17%

-11%

-12%

42%

-30%

1%

-37%

-26%

Pay Gap %

Accountant

Accounts Assistant

Accounts Payable

Assistant Accountant

Audit

Bookkeeper

CFO

Corporate Finance / M&A

Credit Controller

Finance Analyst

Finance Assistant

Finance Business Partner

Finance Director

Finance Manager

Financial Controller

FP&A Analyst

FP&A Manager

Head of Finance

NQ Accountant

Payroll

PQ Accountant

Purchase Ledger

Tax / Treasury

2018 2019

Page 11: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

Gender differences

This year’s salary survey results show men

earn an average of £17,566 more than

women per year, cementing a 26% pay

gap.

Whilst 58% of all male respondents receive

a bonus in their current roles, only 46% of

female respondents do.

As the leading Finance and Accountancy

job board, we want to champion gender

equality within the profession. At

GAAPweb we are proud to be among 350

�rms who have pledged to improve

gender diversity at senior levels by signing

up to the Women in Finance Charter.

Respondents’ gender split

42% of respondents

58% of respondents

Average age

40 years old

41 years old

Average % salaryincrease received

5%

6%

Receive a bonus in current role

Average salary

£48,772

£66,338

Average tenure

3.5 years

3.9 years

46% of respondents

Hold a degree or above

80% of respondents

87% of respondents

Received a pay increase inthe last year

61% of respondents

60% of respondents

Average % bonus to receive

8%

12%

Work overtime incurrent role

47% of respondents

47% of respondents

Average overtimehours worked per week

7.4 hours

8.7 hours

Feel secure in current job

64% of respondents

65% of respondents

58% of respondents

Page 12: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

In keeping with the 2018 trend, this year’s results

revealed an audience which is becoming

increasingly quali�ed. The number of

respondents who are educated to degree level or

above rose for another year, now representing 84% of

our audience.

ACCA and CIMA quali�cations continue to be the

most popular professional quali�cations amongst our

audience. There has been a signi�cant increase in

respondents holding an AAT quali�cation, rising from

9% in 2018 to 20% this year. Rob Alder, Head of

Business Development at the AAT has outlined that the

growth in the quali�cation’s popularity could be due to

the fact that taking an apprenticeship followed by the

AAT is a“debt-free way of entering the profession and

one that pays from your �rst day.”

Changing employer requirements might also be a

factor. Whilst many organisations largely sought

graduates a decade ago, a new model has emerged

with a blended pool of talent mixing school leavers,

graduates and experienced professionals together.

AIA

£

£73,750£

£

£

ACT

£

£73,541£

£

£

£

£88,414£

£

£

ICAEW

Quali�cations and average salary

Following last year’s results, the salary for ICAEW

(or ACA) quali�ed accountants continues to rise.

Average pay for these professionals rose to

£88,414 - up 2% from £87,404 last year.

CIMA professionals have also seen an average

salary increase of around £1,000 year-on-year, and

can now expect to earn up to £11,000 more than

their ACCA-quali�ed peers.

In line with the rise in popularity of the AAT, there

has been an average salary increase of nearly

£9,000. This trend is perhaps attributed to the

changing employer requirements.

CTA

£

£66,470£

£

£

ACCA

£

£57,686£

£

£

£

£69,037£

£

£

CIMA

AAT

£

£42,103£

£

£

CICM

£

£41,081£

£

£

£

£46,249£

£

£

ATT

Page 13: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

Salary by location

East Midlands £56,206South East 5%

South West £56,212

West Midlands £52,364

North East £51,397

North West £52,158

Australasia £68,055

Europe £64,437

London £65,004

Asia £53,975

Scotland £55,208

Wales £42,424

Whilst still enjoying premium pay

compared to the rest of their peers in

Europe and the UK, London-based

accountants have seen their salaries

drop for the �rst time in over three years

by 7%.

There was an average salary drop in

most UK locations, with a signi�cant 9%

fall in Scotland and the North of England,

where average pay fell by over £5,000.

Those seeking a higher pay cheque

should consider relocating to

Australasia, leading the table with the

highest average salary of £68,055.

South East £59,490

Page 14: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

Job Title, Salary & Location

Job title

CFO

Finance Director

Head of Finance

Corporate Finance / M&A

Financial Controller

FP&A Manager

Finance Business Partner

Tax / Treasury

Audit

Finance Manager

FP&A Analyst

Finance Analyst

Accountant

NQ Accountant

Payroll

Credit Controller

PQ Accountant

Purchase Ledger

Assistant Accountant

Finance Assistant

Accounts Payable

Bookkeeper

Accounts Assistant

£96,750

£80,769

£95,000

£100,000

£83,749

£74,999

£96,250

£42,499

£37,940

£40,714

£25,000

£31,428

£24,530

-

-

£35,000

-

-

-

£21,666

£27,499

£19,999

£19,999

Asia

£90,000

£135,000

£67,500

£65,000

-

-

£60,000

-

£55,000

£100,000

£35,000

£19,999

£40,000

-

-

-

-

-

-

-

-

-

-

Australasia

£112,625

£112,069

£86,562

£67,727

£65,185

£66,250

£56,250

£57,999

£70,333

£52,702

£57,500

£41,363

£43,783

£35,000

£63,000

£33,000

£40,000

£24,999

£26,363

£35,714

£28,333

£45,000

£24,499

Europe

£133,585

£114,747

£86,774

£86,470

£80,353

£77,173

£71,949

£69,852

£64,375

£60,880

£59,090

£51,016

£47,352

£47,000

£40,624

£40,499

£39,444

£33,000

£32,432

£30,697

£29,399

£29,090

£27,618

London

£105,000

£84,821

£59,000

£41,666

£57,931

£55,000

£63,333

£58,999

£46,428

£44,000

-

£30,000

£41,199

-

£25,000

£23,749

£35,000

£35,000

£23,999

£23,571

£19,999

£25,000

£24,166

North East

£129,000

£98,478

£68,157

£58,333

£57,830

£59,000

£61,125

£36,499

£60,714

£49,596

£46,428

£38,863

£36,975

-

£25,833

£27,307

£35,000

£19,999

£25,517

£24,999

£25,000

£23,333

£22,727

North West

£92,500

£92,142

£85,000

-

£41,999

£25,000

£46,666

£45,000

£62,500

£50,000

-

£65,000

£36,428

-

-

£25,000

-

-

£35,000

£25,000

£19,999

-

£23,749

Scotland

£110,277

£100,714

£75,428

£72,500

£66,984

£72,727

£66,410

£56,875

£49,545

£54,197

£42,500

£41,785

£42,965

£35,000

£23,999

£26,333

£36,000

£23,749

£27,058

£24,999

£25,999

£24,583

£26,136

South East

£111,250

£85,526

£90,416

£52,000

£60,454

£68,888

£56,250

£54,000

£52,857

£50,833

£45,000

£52,500

£39,821

£25,000

£27,499

£31,000

£29,999

£22,499

£23,124

£32,999

£37,500

-

£24,499

South West

-

£73,333

£75,000

-

£43,999

£55,000

£50,000

-

£28,333

£42,500

-

£25,000

£41,666

-

-

£45,000

-

-

£30,000

£25,000

-

£19,999

£25,000

Wales

£127,500

£94,722

£67,500

£75,000

£65,428

£70,000

£54,545

£27,857

£46,153

£50,121

£40,000

£36,315

£38,636

£75,000

£29,000

£23,333

£31,666

£19,999

£26,764

£25,333

£56,000

£25,999

£24,047

West Midlands East Midlands

£115,000

£92,653

£72,222

-

£66,249

£51,666

£57,333

£55,000

£26,666

£47,500

£35,000

£43,461

£34,193

-

£22,499

£25,000

£38,333

£49,999

£25,714

£31,249

£22,499

£30,000

£22,856

Page 15: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

Salary by sector

Accountant

Accounts Assistant

Accounts Payable

Assistant Accountant

Audit

Bookkeeper

CFO

Corporate Finance / M&A

Credit Controller

Finance Analyst

Finance Assistant

Finance Business Partner

Finance Director

Finance Manager

Financial Controller

FP&A Analyst

FP&A Manager

Head of Finance

NQ Accountant

Payroll

PQ Accountant

Purchase Ledger

Tax / Treasury

Despite an annual drop of 11%

(representing more than £9,000),

Fintech remains the highest paid

sector, closely followed by

Pharmaceutical, which has seen

an increase of nearly £5,000 in

2019.

Salaries in the Utilities sector have

also seen growth of £4,000,

whereas those in Property /

Housing and Manufacturing &

Engineering have dropped by

£9,000 and £7,000 respectively

since 2018.

Av. Salary

70K

60K

50K

40K

30K

20K

10K

0

80K

Technology£70,457

Fin

tech

£76

,666

Ph

arm

aceu

tica

l £74

,519

Con

sult

ancy

& B

usi

nes

s Se

rvic

es £

71,3

72

Tec

hn

olog

y £

70,4

57

IT /

Tel

ecom

s £7

0,32

9

Insu

ran

ce £

66,7

77

Uti

liti

es £

64,4

44

Ban

kin

g /

Fin

anci

al s

erv

ices

£64

,124

Con

sum

er P

rod

uct

s /

FM

CG

£61

,637

Man

ufa

ctu

rin

g /

En

gin

eeri

ng

£61

,213

Spor

t &

Lei

sure

£59

,144

Law

£57

,699

Pro

per

ty /

Hou

sin

g £

58,6

14

Tra

nsp

ort

/ L

ogis

tics

£55

,730

Con

stru

ctio

n £

53,8

80

Ed

uca

tion

/ T

rain

ing

£53

,376

Ret

ail

/ W

hol

esal

e £5

1,44

6

Ch

arit

y £

49,1

23

Pu

bli

c Se

ctor

£43

,023

Acc

oun

tan

cy P

ract

ice

£38,

401

Sectors

Page 16: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

Salary increase

The majority of our audience (60%) received a

salary increase in the past 12 months. Whilst 71%

received less than 5%, 18% were awarded a pay rise

of 10% or more.

Audit and Head of Finance professionals were the

most likely to have received a pay rise in the last

12 months.

It was a particularly tough year for Bookkeepers. In

addition to earning one of the lowest average salaries

in the sector (£26,666), they were the least likely to

have received a pay increase in 2019.

Job Title

Accountant

Accounts Assistant

Accounts Payable

Assistant Accountant

Audit

Bookkeeper

CFO

Corporate Finance / M&A

Credit Controller

Finance Analyst

Finance Assistant

Finance Business Partner

Finance Director

Finance Manager

Financial Controller

FP&A Analyst

FP&A Manager

Head of Finance

NQ Accountant

Payroll

PQ Accountant

Purchase Ledger

Tax / Treasury

37%

44%

52%

43%

30%

67%

51%

31%

42%

42%

52%

32%

41%

37%

39%

35%

45%

30%

64%

39%

43%

45%

35%

No Increase Increase

63%

56%

48%

57%

70%

33%

49%

69%

58%

58%

48%

68%

59%

63%

61%

65%

55%

70%

36%

61%

57%

55%

65%

6-9%11%

0-2%37%

% Increase

20%+5%

10%-20%13%

3-5%34%

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Bonus

The majority of respondents (53%) said they receive

a bonus in their current role, and 50% of those took

home an extra 10% or more on top of their basic

salary.

As well as enjoying the highest average salaries in

the profession, 73% of CFOs, 67% of Finance

Directors and 65% of Heads of Finance also received

a bonus in 2019.

Whilst the salaries for those in FP&A roles remained

static, a high percentage of FP&A Analysts (59%) and

Managers (70%) received a bonus.

Job Title

Accountant

Accounts Assistant

Accounts Payable

Assistant Accountant

Audit

Bookkeeper

CFO

Corporate Finance / M&A

Credit Controller

Finance Analyst

Finance Assistant

Finance Business Partner

Finance Director

Finance Manager

Financial Controller

FP&A Analyst

FP&A Manager

Head of Finance

NQ Accountant

Payroll

PQ Accountant

Purchase Ledger

Tax / Treasury

60%

71%

60%

73%

37%

83%

27%

27%

49%

44%

67%

32%

33%

43%

45%

41%

30%

35%

36%

64%

67%

68%

41%

No Bonus Bonus

40%

29%

40%

27%

63%

17%

73%

73%

51%

56%

33%

68%

67%

57%

55%

59%

70%

65%

64%

36%

33%

32%

59%Bonus %

6-9%16%

10-20%33%

3-5%19%

20%+16%

0-2%16%

Page 18: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

�e relocation question

Down 7% from last year, results show

that 43% of candidates would be

willing to relocate to further their

career development.

45% of those respondents willing to

relocate would be looking for an

overseas move, with Europe being

the prime location at 21%, followed

by Asia at 16% and Australasia at

11%.

London still remains a popular choice

for relocation, with 18% of �nance

professionals across the UK willing to

move to the capital for the right

opportunity.

East Midlands 8%South East 5%South West 8%

West Midlands 8%

North East 6%

North West 7%

Australasia 11%

Europe 21%

London 18%

Asia 16%

Scotland 6%

Wales 5%

South East 10%

Page 19: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

Job security

This year, we asked our audience

whether they agreed with the

statement “I feel secure in my

current job.”

Despite the zeitgeist of uncertainty

surrounding Brexit and the

economy, 65% of respondents feel

secure in their current role.

For the 14% not feeling so secure

in their current jobs, the Brexit

impact is outweighed by sector

speci�c challenges and company

restructuring.

53%

Redundancies within the company /

employer

39%

Challenges speci�c to the sector I work in

8%

Impact of Brexit

24% Strongly agree

22% Neither agree nor disagree

41% Agree

10% Disagree

4% Strongly disagree

“I feel secure in my current job”

CFO

Finance Director

Head of Finance

Corporate Finance / M&A

Financial Controller

FP&A Manager

Finance Business Partner

Tax / Treasury

Audit

Finance Manager

FP&A Analyst

Finance Analyst

Accountant

NQ Accountant

Payroll

Credit Controller

PQ Accountant

Purchase Ledger

Assistant Accountant

Finance Assistant

Accounts Payable

Bookkeeper

Accounts Assistant

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52% 45% 11% 11% 9%

Private HealthcareChildcare SupportGym ContributionFlexible Working/

Work from HomeTravel Loan

Popular perks

Page 21: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

Accountant

Accounts Assistant

Accounts Payable

Assistant Accountant

Audit

Bookkeeper

CFO

Corporate Finance / M&A

Credit Controller

Finance Analyst

Finance Assistant

Finance Business Partner

Finance Director

Finance Manager

Financial Controller

FP&A Analyst

FP&A Manager

Head of Finance

NQ Accountant

Payroll

PQ Accountant

Purchase Ledger

Tax / Treasury

77%

of respondents would recommend

GAAPweb to friends and colleagues

Candidates who got their job through GAAPweb earn an average salary of £76,721 – 32% higher than those who found work elsewhere.

of respondents visit GAAPweb on a daily

or weekly basis

29%

Tried & Tested

Page 22: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

Accountant

Accounts Assistant

Accounts Payable

Assistant Accountant

Audit

Bookkeeper

CFO

Corporate Finance / M&A

Credit Controller

Finance Analyst

Finance Assistant

Finance Business Partner

Finance Director

Finance Manager

Financial Controller

FP&A Analyst

FP&A Manager

Head of Finance

NQ Accountant

Payroll

PQ Accountant

Purchase Ledger

Tax / Treasury

2019 was a year of �uctuations. Whilst the majority (60%) of participants received a pay rise and other bene�ts (53%), average annual salaries in most UK locations took a hit, with London salaries decreasing for the �rst time in three years.

Though still making up the majority of our audience, the ACCA and CIMA quali�cations declined in popularity alongside a rise inrespondents holding the AAT quali�cation. This, as well as the average salary for AAT candidates rising by almost £9,000, signi�ed an emerging shift in the accounting quali�cation landscape.

Although women out-earn men in 6 of the 23 surveyed job titles, the pay gap has widened overall to 26% which is 9% higher than the national average. In particular, a profound setback was experienced by those working in Corporate Finance / M&A, with men now earning an average of £25,549 (18%) more than their female peers. Women remain underpaid and under-represented in the majority of senior accounting and �nance roles.

Whilst pay inequality remains contentious, there was some positivity seen in terms of job security. Nearly 2/3 of our audience feel safe in their current role, which is surprising in the current climate of political and economic instability.

Out of the 14% who did not agree, only 8% of respondents listed Brexit as a factor for concern. Instead, company redundancies and sector speci�c challenges were named as key anxieties by our audience – a signi�cant number (18%) of whom are employed in the volatileBanking and Financial Services and Retail / Wholesale sectors.

As we enter the next decade with a new political landscape, it remains to be seen whether existing gender and demographic inequalities within Finance and Accountancy will be addressed and recti�ed.

.

Conclusion

Page 23: GAAPweb Audience Insight Report 2019 Audience... · Audience Insight Report 2019 In Autumn 2019, GAAPweb asked over 3,000 Accountancy and Finance professionals to share details of

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