How much money does a person working in Accounting and Finance make in London?
Average Yearly Salary
89,700 GBP
( 7,470 GBP monthly)
LOW
36,000
GBP
AVERAGE
89,700
GBP
HIGH
179,000
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 London typically earns around 89,700 GBP. Salaries range from 36,000 GBP (lowest average) to 179,000 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 London 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
Accounting and Finance | |
Account Examiner | 42,200 GBP |
Account Executive | 77,900 GBP |
Accountant | 56,000 GBP |
Accounting Analyst | 75,300 GBP |
|
Accounting Assistant | 43,200 GBP |
Accounting Associate | 40,500 GBP |
Accounting Clerk | 35,400 GBP |
Accounting Coordinator | 50,600 GBP |
Accounting Head | 123,000 GBP |
Accounting Manager | 129,000 GBP |
Accounting Officer | 44,800 GBP |
Accounting Specialist | 80,700 GBP |
Accounting Supervisor | 83,100 GBP |
Accounting Technician | 39,300 GBP |
Accounting Unit Controller | 101,000 GBP |
Accounts Executive | 73,400 GBP |
Accounts Officer | 46,000 GBP |
Accounts Payable and Receivable Specialist | 59,600 GBP |
Accounts Payable Assistant | 47,200 GBP |
Accounts Payable Associate | 55,800 GBP |
Accounts Payable Clerk | 44,300 GBP |
Accounts Payable Manager | 116,000 GBP |
Accounts Receivable Administrator | 82,700 GBP |
Accounts Receivable Clerk | 43,000 GBP |
Accounts Receivable Financial Analyst | 82,400 GBP |
Accounts Receivable Manager | 111,000 GBP |
Accounts Receivable Team Leader | 89,100 GBP |
Algorithmic Trading Specialist | 103,000 GBP |
Assistant Accountant | 42,700 GBP |
Assistant Accounting Manager | 111,000 GBP |
Assistant Auditor | 57,200 GBP |
Assistant Corporate Controller | 76,700 GBP |
Assistant Finance Manager | 122,000 GBP |
Assistant Financial Controller | 77,900 GBP |
Audit Director | 129,000 GBP |
Audit Supervisor | 107,000 GBP |
Auditing Clerk | 46,000 GBP |
Auditing Manager | 127,000 GBP |
Billing Clerk | 43,200 GBP |
Billing Coordinator | 50,700 GBP |
Billing Specialist | 61,800 GBP |
Billing Supervisor | 89,000 GBP |
Bookkeeper | 37,700 GBP |
Bookkeeping Specialist | 53,700 GBP |
Budget Analyst | 97,100 GBP |
Budget Manager | 114,000 GBP |
Business Support Analyst | 64,500 GBP |
Capital Markets Associate | 89,900 GBP |
Cash Flow Analyst | 91,300 GBP |
Cash Management Manager | 118,000 GBP |
Cash Management Officer | 67,400 GBP |
Cashbook Clerk | 40,100 GBP |
Chartered Accountant | 73,800 GBP |
Chief Accountant | 90,400 GBP |
Chief Financial Technology Officer | 122,000 GBP |
Collections Clerk | 34,900 GBP |
Collections Representative | 50,700 GBP |
Collections Specialist | 60,500 GBP |
Corporate Controller | 95,500 GBP |
Corporate Treasurer | 113,000 GBP |
Cost Accountant | 56,000 GBP |
Cost Accounting Manager | 116,000 GBP |
Cost Accounting Supervisor | 96,800 GBP |
Cost Analyst | 91,800 GBP |
Credit and Collection Manager | 111,000 GBP |
Credit and Collection Staff | 44,300 GBP |
Credit and Loans Officer | 41,000 GBP |
Credit Controller | 81,100 GBP |
Credit Manager | 116,000 GBP |
Debt Adviser | 93,000 GBP |
Debt Collector | 49,300 GBP |
Debtors Clerk | 39,000 GBP |
Debtors Controller | 44,800 GBP |
Deputy CFO | 163,000 GBP |
Deputy Head of Finance | 159,000 GBP |
Derivative Trader | 104,000 GBP |
Director of Finance | 165,000 GBP |
E-commerce Accountant | 63,300 GBP |
Economist | 135,000 GBP |
Equity Analyst | 105,000 GBP |
Escrow Assistant | 54,300 GBP |
Executive Accountant | 63,900 GBP |
External Auditor | 84,000 GBP |
Finance Administrator | 69,000 GBP |
Finance Analyst | 103,000 GBP |
Finance Associate | 50,700 GBP |
Finance Data Analyst | 98,200 GBP |
Finance Director | 169,000 GBP |
Finance Executive | 127,000 GBP |
Finance Licensing Clerk | 43,100 GBP |
Finance Licensing Manager | 112,000 GBP |
Finance Licensing Specialist | 62,700 GBP |
Finance Manager | 158,000 GBP |
Finance Officer | 56,200 GBP |
Finance President | 165,000 GBP |
Finance Relationship Manager | 140,000 GBP |
Finance Release Analyst | 65,700 GBP |
Finance Specialist | 92,000 GBP |
Finance Team Leader | 126,000 GBP |
Financial Accountant | 60,100 GBP |
Financial Actuary | 88,500 GBP |
Financial Administrator | 95,400 GBP |
Financial Advisor | 110,000 GBP |
Financial Analyst | 101,000 GBP |
Financial Applications Specialist | 74,400 GBP |
Financial Assistant | 47,200 GBP |
Financial Associate | 57,000 GBP |
Financial Associate | 49,300 GBP |
Financial Claims Analyst | 76,900 GBP |
Financial Claims Manager | 100,000 GBP |
Financial Claims Supervisor | 101,000 GBP |
Financial Clerk | 46,700 GBP |
Financial Commercial Analyst | 82,800 GBP |
Financial Compliance Analyst | 94,400 GBP |
Financial Compliance Officer | 94,800 GBP |
Financial Consultant | 77,500 GBP |
Financial Controller | 91,800 GBP |
Financial Controller | 89,900 GBP |
Financial Coordinator | 52,800 GBP |
Financial Customer Service Manager | 111,000 GBP |
Financial Data Scientist | 110,000 GBP |
Financial Dealer and Broker | 61,400 GBP |
Financial Director | 173,000 GBP |
Financial Encoder | 51,200 GBP |
Financial Manager | 171,000 GBP |
Financial Manager | 156,000 GBP |
Financial Modelling Analyst | 104,000 GBP |
Financial Operations Manager | 154,000 GBP |
Financial Policy Analyst | 92,000 GBP |
Financial Project Manager | 120,000 GBP |
Financial Quantitative Analyst | 104,000 GBP |
Financial Reporting Consultant | 82,800 GBP |
Financial Reporting Manager | 113,000 GBP |
Financial Section Head | 111,000 GBP |
Financial Services Manager | 154,000 GBP |
Financial Services Sales Agent | 64,600 GBP |
Financial Technology Consultant | 90,100 GBP |
Financial Wellness Coach | 116,000 GBP |
FinTech Analyst | 95,600 GBP |
Fixed Assets Administrator | 62,700 GBP |
Forensic Accountant | 70,700 GBP |
Fraud Detection Supervisor | 73,800 GBP |
Fraud Prevention Manager | 120,000 GBP |
Fund Accountant | 55,600 GBP |
Grants Coordinator | 41,700 GBP |
Green Finance Analyst | 87,500 GBP |
Group Financial Manager | 160,000 GBP |
Internal Auditor | 79,000 GBP |
Internal Control Adviser | 94,200 GBP |
Internal Control Officer | 51,400 GBP |
International Tax Director | 135,000 GBP |
Inventory Accountant | 61,200 GBP |
Investment Advisor | 153,000 GBP |
Investment Analyst | 111,000 GBP |
Investment Associate | 97,100 GBP |
Investment Broker | 93,200 GBP |
Investment Fund Manager | 127,000 GBP |
Investment Operations Manager | 135,000 GBP |
Investment Underwriter | 47,700 GBP |
Investor | 76,900 GBP |
Investor Relations Manager | 118,000 GBP |
KYC Team Leader | 109,000 GBP |
Loan Processor | 46,000 GBP |
Management Accountant | 67,200 GBP |
Management Economist | 137,000 GBP |
Paymaster | 46,200 GBP |
Payroll Administrator | 75,100 GBP |
Payroll Benefits Coordinator | 66,800 GBP |
Payroll Billing Manager | 109,000 GBP |
Payroll Clerk | 48,900 GBP |
Payroll Manager | 112,000 GBP |
Payroll Officer | 51,200 GBP |
Payroll Specialist | 60,300 GBP |
Payroll Supervisor | 76,800 GBP |
Pensions Administrator | 62,100 GBP |
Personal Financial Advisor | 88,700 GBP |
Pricing Analyst | 101,000 GBP |
Private Equity Analyst | 99,000 GBP |
Project Accountant | 59,900 GBP |
Proposal Development Coordinator | 52,200 GBP |
Quantitative Trader | 83,000 GBP |
Receivables Accountant | 55,100 GBP |
Regulatory Accountant | 61,100 GBP |
Retirement Plan Analyst | 95,500 GBP |
Revenue Management Specialist | 97,800 GBP |
Revenue Recognition Analyst | 109,000 GBP |
Risk Management Director | 136,000 GBP |
Risk Management Supervisor | 110,000 GBP |
Staff Accountant | 55,300 GBP |
Tax Accountant | 55,000 GBP |
Tax Administrator | 63,700 GBP |
Tax Advisor | 88,500 GBP |
Tax Analyst | 87,200 GBP |
Tax Associate | 48,700 GBP |
Tax Consultant | 89,400 GBP |
Tax Director | 141,000 GBP |
Tax Examiner | 62,700 GBP |
Tax Manager | 124,000 GBP |
Tax Research Manager | 122,000 GBP |
Teller | 35,100 GBP |
Treasury Accountant | 61,100 GBP |
Treasury Analyst | 94,500 GBP |
Underwriter | 41,000 GBP |
Underwriting Assistant | 37,900 GBP |
Vice President of Finance | 164,000 GBP |
Accounting and Finance Jobs Pay Scale and Salaries in London
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/united-kingdom/england/london/accounting-and-finance/median-and-salary-distribution-yearly-london-accounting-and-finance.jpg Salary Structure and Pay Scale Comparison
5% of people earn
96,800 GBP or more
10% of people earn
81,900 to 96,800 GBP
20% of people earn
49,300 GBP or less
65% of people earn
49,300 to 81,900 GBP
Minimum Salary 36,000 GBP |
Median 84,900 GBP |
Maximum 179,000 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 London range from 36,000 GBP (starting average salary) to 179,000 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 84,900 GBP, implying that half of the workforce in London 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 London earn less than 66,500 GBP, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 103,000 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 London. The analysis revealed that roughly 65% of all reported salaries fell within the range of 49,300 GBP to 81,900 GBP. Approximately 20% of salaries were below the 49,300 GBP mark, while 10% ranged from 81,900 GBP to 96,800 GBP. Only 5% of individuals earned a gross salary of 96,800 GBP or higher.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg 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 London 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. ”
Salary Comparison By Education
How does the education level affect your salary?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg 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 London, 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 / London
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/united-kingdom/accounting-and-finance/salary-comparison-by-gender-yearly-united-kingdom-accounting-and-finance.jpg 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/united-kingdom/salary-comparison-by-gender-yearly-united-kingdom.jpg
Average Annual Salary Increment Percentage / Accounting and Finance / London
How much are annual salary increments in London 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 % every months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/united-kingdom/accounting-and-finance/annual-salary-increment-rate-united-kingdom-accounting-and-finance.jpg 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/united-kingdom/annual-salary-increment-rate-united-kingdom.jpg 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg 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?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/united-kingdom/accounting-and-finance/annual-salary-bonus-rate-united-kingdom-accounting-and-finance.jpg
100% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
Received Bonus | | % |
No Bonus | | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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 / London
43 GBP
per hour The average hourly wage (pay per hour) in Accounting and Finance in London is 43 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 London is 17 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
Abingdon | 68,800 GBP |
Birmingham | 88,100 GBP |
Bradford | 83,600 GBP |
Brighton | 81,400 GBP |
Bristol | 86,800 GBP |
Cambridge | 74,600 GBP |
Canterbury | 70,100 GBP |
Chester | 72,400 GBP |
Coventry | 84,100 GBP |
Derby | 81,900 GBP |
Durham | 71,900 GBP |
Exeter | 75,800 GBP |
Gloucester | 75,100 GBP |
Hartlepool | 73,600 GBP |
Kingston upon Hull | 83,800 GBP |
Leeds | 88,500 GBP |
Leicester | 85,500 GBP |
Lincoln | 77,000 GBP |
Liverpool | 88,000 GBP |
London | 89,700 GBP |
Manchester | 87,400 GBP |
Newcastle | 83,600 GBP |
Norwich | 76,600 GBP |
Nottingham | 84,500 GBP |
Oxford | 79,100 GBP |
Peterborough | 80,000 GBP |
Plymouth | 82,400 GBP |
Poole | 77,800 GBP |
Portsmouth | 81,000 GBP |
Ripon | 70,100 GBP |
Salisbury | 72,500 GBP |
Sheffield | 88,300 GBP |
Somerset | 85,000 GBP |
Southampton | 82,100 GBP |
Truro | 71,100 GBP |
Wakefield | 67,300 GBP |
Wells | 63,000 GBP |
Winchester | 66,000 GBP |
Wolverhampton | 75,400 GBP |
York | 73,300 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 London?
A good and competitive compensation would range anywhere between 84,900 GBP and 103,000 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 London ranges from 36,000 GBP to 66,500 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