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Accounting and Finance Average Salaries in United Kingdom 2024

How much money does a person working in Accounting and Finance make in United Kingdom?


Average Yearly Salary
73,700 GBP
( 6,140 GBP monthly)

LOW
29,600
GBP
AVERAGE
73,700
GBP
HIGH
147,000
GBP
All salary figures displayed here are per year except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Accounting and Finance in United Kingdom typically earns around 73,700 GBP. Salaries range from 29,600 GBP (lowest average) to 147,000 GBP (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Accounting and Finance domain in United Kingdom exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Accounting and Finance
Account Examiner39,500 GBP
Account Executive66,500 GBP
Accountant49,400 GBP
Accounting Analyst65,500 GBP
Accounting Assistant39,700 GBP
Accounting Associate35,900 GBP
Accounting Clerk30,800 GBP
Accounting Coordinator47,400 GBP
Accounting Head105,000 GBP
Accounting Manager106,000 GBP
Accounting Officer36,800 GBP
Accounting Specialist69,300 GBP
Accounting Supervisor72,600 GBP
Accounting Technician37,000 GBP
Accounting Unit Controller83,100 GBP
Accounts Executive66,000 GBP
Accounts Officer41,200 GBP
Accounts Payable and Receivable Specialist52,400 GBP
Accounts Payable Assistant39,800 GBP
Accounts Payable Associate46,700 GBP
Accounts Payable Clerk38,000 GBP
Accounts Payable Manager104,000 GBP
Accounts Receivable Administrator71,700 GBP
Accounts Receivable Clerk36,400 GBP
Accounts Receivable Financial Analyst73,700 GBP
Accounts Receivable Manager97,800 GBP
Accounts Receivable Team Leader71,700 GBP
Algorithmic Trading Specialist90,500 GBP
Assistant Accountant40,200 GBP
Assistant Accounting Manager97,500 GBP
Assistant Auditor49,400 GBP
Assistant Corporate Controller67,900 GBP
Assistant Finance Manager105,000 GBP
Assistant Financial Controller65,900 GBP
Audit Director117,000 GBP
Audit Supervisor95,700 GBP
Auditing Clerk41,200 GBP
Auditing Manager110,000 GBP
Billing Clerk37,400 GBP
Billing Coordinator46,000 GBP
Billing Specialist53,200 GBP
Billing Supervisor79,800 GBP
Bookkeeper31,900 GBP
Bookkeeping Specialist50,400 GBP
Budget Analyst85,900 GBP
Budget Manager106,000 GBP
Business Support Analyst55,800 GBP
Capital Markets Associate75,600 GBP
Cash Flow Analyst79,600 GBP
Cash Management Manager97,000 GBP
Cash Management Officer58,000 GBP
Cashbook Clerk33,100 GBP
Chartered Accountant66,200 GBP
Chief Accountant78,800 GBP
Chief Financial Technology Officer103,000 GBP
Collections Clerk32,100 GBP
Collections Representative45,400 GBP
Collections Specialist49,900 GBP
Corporate Controller83,400 GBP
Corporate Treasurer93,500 GBP
Cost Accountant49,800 GBP
Cost Accounting Manager100,000 GBP
Cost Accounting Supervisor81,300 GBP
Cost Analyst82,500 GBP
Credit and Collection Manager103,000 GBP
Credit and Collection Staff37,400 GBP
Credit and Loans Officer38,400 GBP
Credit Controller71,200 GBP
Credit Manager103,000 GBP
Debt Adviser85,800 GBP
Debt Collector42,900 GBP
Debtors Clerk35,200 GBP
Debtors Controller36,800 GBP
Deputy CFO135,000 GBP
Deputy Head of Finance142,000 GBP
Derivative Trader90,500 GBP
Director of Finance155,000 GBP
E-commerce Accountant54,100 GBP
Economist114,000 GBP
Equity Analyst90,000 GBP
Escrow Assistant45,500 GBP
Executive Accountant57,600 GBP
External Auditor69,100 GBP
Finance Administrator60,500 GBP
Finance Analyst89,100 GBP
Finance Associate46,300 GBP
Finance Data Analyst79,000 GBP
Finance Director146,000 GBP
Finance Executive105,000 GBP
Finance Licensing Clerk37,700 GBP
Finance Licensing Manager92,700 GBP
Finance Licensing Specialist54,100 GBP
Finance Manager143,000 GBP
Finance Officer46,400 GBP
Finance President149,000 GBP
Finance Relationship Manager120,000 GBP
Finance Release Analyst55,600 GBP
Finance Specialist86,800 GBP
Finance Team Leader 119,000 GBP
Financial Accountant49,400 GBP
Financial Actuary81,000 GBP
Financial Administrator87,400 GBP
Financial Advisor88,500 GBP
Financial Analyst93,100 GBP
Financial Applications Specialist63,900 GBP
Financial Assistant42,300 GBP
Financial Associate39,600 GBP
Financial Associate47,900 GBP
Financial Claims Analyst65,100 GBP
Financial Claims Manager88,700 GBP
Financial Claims Supervisor84,700 GBP
Financial Clerk37,600 GBP
Financial Commercial Analyst73,000 GBP
Financial Compliance Analyst84,500 GBP
Financial Compliance Officer79,700 GBP
Financial Consultant69,500 GBP
Financial Controller77,600 GBP
Financial Controller82,800 GBP
Financial Coordinator45,600 GBP
Financial Customer Service Manager93,100 GBP
Financial Data Scientist96,200 GBP
Financial Dealer and Broker54,300 GBP
Financial Director152,000 GBP
Financial Encoder42,100 GBP
Financial Manager149,000 GBP
Financial Manager135,000 GBP
Financial Modelling Analyst95,500 GBP
Financial Operations Manager124,000 GBP
Financial Policy Analyst80,600 GBP
Financial Project Manager104,000 GBP
Financial Quantitative Analyst87,000 GBP
Financial Reporting Consultant75,900 GBP
Financial Reporting Manager99,300 GBP
Financial Section Head101,000 GBP
Financial Services Manager126,000 GBP
Financial Services Sales Agent53,400 GBP
Financial Technology Consultant77,800 GBP
Financial Wellness Coach104,000 GBP
FinTech Analyst90,100 GBP
Fixed Assets Administrator50,500 GBP
Forensic Accountant60,500 GBP
Fraud Detection Supervisor64,500 GBP
Fraud Prevention Manager99,300 GBP
Fund Accountant47,900 GBP
Grants Coordinator37,000 GBP
Green Finance Analyst74,000 GBP
Group Financial Manager142,000 GBP
Internal Auditor67,900 GBP
Internal Control Adviser82,300 GBP
Internal Control Officer42,400 GBP
International Tax Director119,000 GBP
Inventory Accountant50,500 GBP
Investment Advisor138,000 GBP
Investment Analyst105,000 GBP
Investment Associate88,900 GBP
Investment Broker82,800 GBP
Investment Fund Manager110,000 GBP
Investment Operations Manager113,000 GBP
Investment Underwriter43,100 GBP
Investor67,300 GBP
Investor Relations Manager97,500 GBP
KYC Team Leader100,000 GBP
Loan Processor41,700 GBP
Management Accountant56,400 GBP
Management Economist113,000 GBP
Paymaster40,800 GBP
Payroll Administrator67,600 GBP
Payroll Benefits Coordinator54,900 GBP
Payroll Billing Manager93,400 GBP
Payroll Clerk46,000 GBP
Payroll Manager89,700 GBP
Payroll Officer45,800 GBP
Payroll Specialist50,900 GBP
Payroll Supervisor64,400 GBP
Pensions Administrator51,300 GBP
Personal Financial Advisor79,100 GBP
Pricing Analyst81,400 GBP
Private Equity Analyst86,000 GBP
Project Accountant55,200 GBP
Proposal Development Coordinator43,100 GBP
Quantitative Trader70,100 GBP
Receivables Accountant48,200 GBP
Regulatory Accountant56,400 GBP
Retirement Plan Analyst83,400 GBP
Revenue Management Specialist80,700 GBP
Revenue Recognition Analyst91,500 GBP
Risk Management Director123,000 GBP
Risk Management Supervisor104,000 GBP
Staff Accountant50,600 GBP
Tax Accountant49,300 GBP
Tax Administrator54,700 GBP
Tax Advisor79,500 GBP
Tax Analyst73,900 GBP
Tax Associate41,200 GBP
Tax Consultant79,200 GBP
Tax Director118,000 GBP
Tax Examiner56,100 GBP
Tax Manager99,700 GBP
Tax Research Manager103,000 GBP
Teller30,800 GBP
Treasury Accountant53,100 GBP
Treasury Analyst83,400 GBP
Underwriter35,300 GBP
Underwriting Assistant34,100 GBP
Vice President of Finance143,000 GBP


Accounting and Finance Jobs Pay Scale and Salaries in United Kingdom

Median and salary distribution United Kingdom Accounting and Finance yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
74,900 GBP or more
10% of people earn
63,500 to 74,900 GBP
20% of people earn
38,200 GBP or less
65% of people earn
38,200 to 63,500 GBP
Minimum Salary
29,600 GBP
Median
65,700 GBP
Maximum
147,000 GBP




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per year except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Accounting and Finance in United Kingdom range from 29,600 GBP (starting average salary) to 147,000 GBP (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Accounting and Finance is 65,700 GBP, implying that half of the workforce in United Kingdom earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Accounting and Finance in United Kingdom earn less than 51,500 GBP, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 79,400 GBP, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Accounting and Finance in United Kingdom. The analysis revealed that roughly 65% of all reported salaries fell within the range of 38,200 GBP to 63,500 GBP. Approximately 20% of salaries were below the 38,200 GBP mark, while 10% ranged from 63,500 GBP to 74,900 GBP. Only 5% of individuals earned a gross salary of 74,900 GBP or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage.

Generally speaking, employees in Accounting and Finance in United Kingdom having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.


Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?

We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Accounting and Finance in United Kingdom, below are our findings.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in United Kingdom costs anywhere from 29,700 GBP to 89,100 GBP and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Accounting and Finance / United Kingdom

Salary comparison by gender United Kingdom Accounting and Finance yearly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Accounting and Finance in United Kingdom, the average difference between the salary of male and female employees is 4%.

Male
75,300 GBP
Female-4%
72,100 GBP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in United Kingdom for all Careers

Salary comparison by gender yearly United Kingdom
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Average Annual Salary Increment Percentage / Accounting and Finance / United Kingdom

How much are annual salary increments in United Kingdom for individuals working in Accounting and Finance? How often do employees get salary raises?

Professionals working in Accounting and Finance in United Kingdom are likely to observe a salary increase of approximately 11% every 13 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate United Kingdom Accounting and Finance
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

United Kingdom / All Professions

Annual Salary Increment Rate United Kingdom
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in United Kingdom is 7%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / Accounting and Finance / United Kingdom

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United Kingdom Accounting and Finance
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22% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 78% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
78%
No Bonus
22%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Hourly Average Wage / Accounting and Finance / United Kingdom


35 GBP per hour

The average hourly wage (pay per hour) in Accounting and Finance in United Kingdom is 35 GBP.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working in Accounting and Finance in United Kingdom is 14 GBP. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Aberdeen74,100 GBP
Abingdon68,800 GBP
Armagh73,400 GBP
Bangor65,000 GBP
Belfast77,800 GBP
Birmingham88,100 GBP
Bradford83,600 GBP
Brighton81,400 GBP
Bristol86,800 GBP
Cambridge74,600 GBP
Canterbury70,100 GBP
Cardiff80,400 GBP
Chester72,400 GBP
Coventry84,100 GBP
Derby81,900 GBP
Derry69,900 GBP
Dundee72,000 GBP
Durham71,900 GBP
Edinburgh80,000 GBP
Exeter75,800 GBP
Glasgow82,300 GBP
Gloucester75,100 GBP
Hartlepool73,600 GBP
Inverness65,700 GBP
Kingston upon Hull83,800 GBP
Kirkwall63,600 GBP
Leeds88,500 GBP
Leicester85,500 GBP
Lincoln77,000 GBP
Lisburn67,800 GBP
Liverpool88,000 GBP
London89,700 GBP
Manchester87,400 GBP
Newcastle83,600 GBP
Newport73,200 GBP
Newry70,000 GBP
Norwich76,600 GBP
Nottingham84,500 GBP
Oxford79,100 GBP
Peterborough80,000 GBP
Plymouth82,400 GBP
Poole77,800 GBP
Portsmouth81,000 GBP
Ripon70,100 GBP
Salisbury72,500 GBP
Sheffield88,300 GBP
Somerset85,000 GBP
Southampton82,100 GBP
St Davids63,700 GBP
Stirling68,800 GBP
Stromness63,000 GBP
Strontian62,400 GBP
Swansea76,200 GBP
Truro71,100 GBP
Wakefield67,300 GBP
Wells63,000 GBP
Winchester66,000 GBP
Wolverhampton75,400 GBP
York73,300 GBP

Salary Comparison By State

StateAverage Salary
England140,000 GBP
Northern Ireland67,200 GBP
Scotland103,000 GBP
Wales70,000 GBP

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in United Kingdom is 4% on average across all career fields.

Private Sector
69,700 GBP
Public Sector+4%
72,800 GBP
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Accounting and Finance in United Kingdom?

A good and competitive compensation would range anywhere between 65,700 GBP and 79,400 GBP. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for jobs in Accounting and Finance in United Kingdom ranges from 29,600 GBP to 51,500 GBP. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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