Audit into Practice | 2014 - 15 Salary Guide

Kathryn Swan 28.10.2014

View our most up-to-date Public Practice Salary Guide.

Audit into Practice | London

Permanent

The past six months have been particularly active within the Audit functions of major practices in London, with this trend likely to continue well into H2 2014. While there has historically been a shortage of skills available in this market space, we expect to see a significant number of hires made in the coming year. This is due to the number of audits that firms are committed to undertake and the number of people that leave these firms to take up new positions in Commerce & Industry. Salaries remain competitive with annual rises of around 10%, as organisations attempt to keep hold of their staff. However, as demand outstrips supply, it is possible that increases will be even higher over the coming months.

 

ANNUAL SALARY

Role: Semi Senior Senior Assistant Manager Manager Senior Manager Director Partner
Big 4 £30k - £40k £40k - £45k £45k - £52k £55k - £65k £65k - £85k £85k - £110k £100k+
Top 20 £30k - £35k £38k - £42k £40k - £45k £50k - £60k £60k - £70k £80k - £105k £80k+
Mid Tier £25k - £30k £30k - £35k £38k - £42k £40k - £50k £60k - £65k £75k - £100k £70k+

 

Audit into Practice | Locations outside Greater London

Permanent

Over the past six months, there has been an increase in demand for professionals outside of London. The market moves very quickly and there are shortages across the Big 4 in cities such as Southampton, Birmingham, Cardiff, Reading and Cambridge. Many professionals are attracted to higher paid roles in the capital, particularly those that are geographically close. Consequently, companies are also interested in taking on re-locators and applicants from overseas to fill the void. Salaries are traditionally 10-20% lower outside of London, but have held up relatively well. We expect the market to continue to be buoyant for the rest of the year and into 2015 as the economy continues to grow.

 

ANNUAL SALARY

Role: Semi Senior Senior Assistant Manager Manager Senior Manager Director Partner
Big 4 £30k - £35k £35k - £40k £45k - £50k £45k - £50k £50k - £70k £70k - £100k £90k+
Top 20 £25k - £30k £30k - £35k £40k - £45k £40k - £45k £45k - £60k £60k - £80k £70k+
Mid Tier £20k - £25k £25k - £30k £35k - £40k £35k - £40k £40k - £55k £50k - £70k £60k+
 
Kathryn Swan's picture
UK Lead for Accountancy Practices | Tax Audit & Advisory
kswan@morganmckinley.co.uk