Financial News

Increased demand for chartered accountants drives salary rises

By Business & Finance
21 July 2016
chartered accountants
Shane McAleer, chairman of Chartered Accountants Leinster Society and Louise O’Leary, ACA, senior recruitment manager with The Panel

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.

This announcement follows a 13% rise in 2015, showing increasing demand for chartered accountants at all levels.

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.

As well as rising salaries, the survey indicates a healthy level of career progression within the 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.

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. 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.”

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.”

CAI Salary Survey 2016