Average pay of Scottish management accountants hits £58,000
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Average earnings for management accountants in Scotland now stand at £58,000 and expected to rise by an average of six per cent over the coming year.
The latest annual salary survey from the Association of International Certified Professional Accountants also reveals that CGMAs are typically paid £62,000 across the UK.
Pay prospects for CGMA trainees in Scotland are also bright, with students en route to full CGMA status believing their salary will go up by five per cent in 2017/18.
They are currently paid an average £32,000 a year, in line with counterparts in England, Wales and Northern Ireland.
A strong focus on professional development in the accountancy sector was also shown in the survey, with a healthy desire by both qualified and student CGMAs to learn new skills, such as strategy and project management, to help their own careers and the organisations in which they work.
Average salaries – qualified Chartered Global Management Accountants
Average salaries – student Chartered Global Management Accountants
Paul Turner, UK Associate Director at the Association of International Certified Professional Accountants, said: “I remain optimistic that the transformation of business and finance functions will bring enormous opportunity for management accountants, to show their value.
“Key to success will be an investment in continuous professional development. The survey highlighted the training needs to be on the strategic and soft skills that employers say will be critical to succeed.”
Andrew Harding, chief executive – Managing Accounting – the Association of International Certified Professional Accountants, added: “Change is happening at unprecedented speed, and reshaping how business is done. There has never been a better time to be a management accountant. The skills and experience they use to overcome challenges and seize opportunities are clear for employers to see. This is reflected in the salaries and positions being offered globally.”
More information on the survey can be found on the Association’s Salary Insights Tool
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