Business Irish

Wednesday 25 April 2018

Irish accountants ride out the recession with 7pc rise in salaries

Peter Flanagan

Peter Flanagan

SALARIES for Irish accountants rose more than 7pc in the last year, as the sector bucked the trend for wage cuts and reduced bonuses.

According to statistics from the recruitment firm Marks Sattin, basic pay for qualified accountants rose to €58,794 a year, up from €54,844 in 2012.

In addition to their salary, more than 40pc of accountants saw their bonus increase by about 14pc, while more than half of them took home bonuses that were up more than 10pc.

Including a bonus, workers received an average total remuneration of €67,213.

Marks Sattin Ireland manager Dan McKeown said: "Coupled with an expected increase in hiring over the next year, this salary rise goes a long way to show the strength and competition for talent in the accountancy and finance sector in Ireland. Experienced accountants are highly valued at a time when there is a strong focus on financial health and compliance and these salary rises reflect that."

Some 42pc of accountancy firms expect to hire this year, up from 38pc in 2012.

Over one-third of accountants expect to change their roles this year, mainly for career development and to seek new challenges.

Nearly 70pc of those surveyed would be open to moving overseas if the offer was right. The most popular destinations are the United States, United Kingdom and Australia.

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