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What does a Financial Accountant earn?
Financial Accountants typically earn an average salary of around £45,700 in the UK. Working with a wide range of clients from individuals to multinational organisations, Financial Accountants are responsible for providing finances advice, whilst also potentially specialising in areas such as auditing, management consultancy and forensic accounting.
How to earn more as a Financial Accountant
If you wish to become a Financial Accountant, you should secure a degree in accountancy, business management, or finance. An alternative is to pursue a degree apprenticeship. To earn more as a Financial Accountant, you may specialise in areas such as auditing, or become a manager for a finance business. It is also possible to work independently or start your own accounting services firm. Highly skilled Financial Accountants can earn over £72,500 annually.
Min: £26,522.00 Max: £72,500.00
Average Financial Accountant Salary in UK : £45,704.38
Read about Financial Accountant salaries, related jobs and salary information across the UK
Financial Accountant Salary data from the ONS
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Recommended Financial Accountant Jobs in UK
Average Salary for Financial Accountant compared to similar jobs
Related Jobs
View salaries for similar jobs.
| Job Title | UK Average |
|---|---|
| Trainee Accountant Salary in UK | £22,239.28 |
| Accountant and Auditor Salary in UK | £27,557.46 |
| General Ledger Accountant Salary in UK | £31,358.89 |
| Tax Preparer Salary in UK | £33,575.05 |
| Payroll Accountant Salary in UK | £35,300.14 |
| Certified Accountant Salary in UK | £36,278.85 |
| Property Accountant Salary in UK | £36,883.38 |
| Chartered Accountant Salary in UK | £36,896.84 |
| Fixed Asset Accountant Salary in UK | £36,947.92 |
| Accountant Salary in UK | £37,953.78 |
| Tax Accountant Salary in UK | £39,214.28 |
| Management Accountant Salary in UK | £41,365.58 |
| Forensic Accountant Salary in UK | £44,387.32 |
| Investment Accountant Salary in UK | £45,669.41 |
| Systems Accountant Salary in UK | £48,181.15 |
Salary by Region
Compare Financial Accountant salaries across different regions
| Region | Salary |
|---|---|
| Scotland | £41,856.49 |
| Wales | £36,697.23 |
| Northern Ireland | £40,654.55 |
| East Midlands | £42,908.75 |
| Eastern | £44,104.84 |
| London | £45,491.34 |
| North East | £41,139.64 |
| North West | £22,030.00 |
| South East | £45,045.90 |
| South West | £41,742.10 |
| West Midlands | £48,261.32 |
| Yorkshire and the Humber | £40,228.85 |
Annual Job Ads by Region
Understanding the Average Financial Accountant Salary in the UK
As a financial accountant in the UK, it's important to have a clear understanding of the average salary in this field. According to average Accounting salaries, the average salary for a financial accountant in the UK is £45,700 per year. This figure can vary depending on factors such as experience, qualifications, and location.
Salary Expectations for Newly Qualified Financial Accountant
If you're a newly qualified financial accountant, you may be wondering what salary you can expect. To get an idea of the current market rates, it's recommended to explore the latest job listings on job search websites. These platforms often provide salary ranges for different levels of experience, allowing you to gauge your earning potential as a newly qualified financial accountant.
Salaries for Experienced Financial Accountant
For experienced financial accountants in the UK, the salary range tends to be higher than that of their newly qualified counterparts. With several years of experience under your belt, you can expect to earn a salary between £26,500 and £72,500 per year. This range can vary depending on factors such as the size and industry of the company you work for, as well as your specific skills and expertise.
Creating a Financial Accountant CV
When applying for financial accountant roles, having a well-crafted CV is essential. To ensure your CV stands out from the competition, you can use a CV template specifically designed for financial accountants. This template will help you highlight your relevant skills, qualifications, and experience, increasing your chances of securing an interview.
Career Development Opportunities for Financial Accountant
As a financial accountant, there are numerous career development opportunities available to you. Whether you're looking to specialize in a specific area of accounting, pursue a managerial role, or even start your own accounting firm, there are various paths you can take. To explore these opportunities and gain valuable career advice, it's recommended to seek guidance from industry professionals or join relevant professional associations.
Comprehensive Compensation for Financial Accountant
Aside from the base salary, financial accountants in the UK may also receive additional compensation in the form of bonuses, profit-sharing, or pension contributions. These comprehensive compensation packages can significantly enhance your overall earnings as a financial accountant. It's important to consider these factors when evaluating job offers and negotiating your salary.
Strategies for Increasing Your Salary as a Financial Accountant
If you're looking to increase your salary as a financial accountant, there are several strategies you can employ. These include continuously updating your skills and qualifications, seeking additional certifications, taking on more responsibilities, and demonstrating your value to the organization. By consistently improving and showcasing your expertise, you can position yourself for salary advancements and promotions.
Professional Development and Earnings
Investing in your professional development as a financial accountant can have a direct impact on your earnings. By attending industry conferences, workshops, and training programs, you can expand your knowledge and skills, making yourself more valuable to employers. Additionally, networking with other professionals in the field can lead to new opportunities and higher-paying roles.
Capitalising on Extra Hours and Duties
As a financial accountant, there may be opportunities to earn additional income by taking on extra hours or duties. This could involve assisting with special projects, providing financial consulting services, or taking on temporary assignments. By capitalizing on these opportunities, you can not only increase your earnings but also gain valuable experience and enhance your professional reputation.
