How hard is it to get a six figure salary as an accountant.

I have been thinking how long it could take me before I could start to earn £100000+ as an accountant once I a fully qualified?

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Answers

  • CeeJaySixCeeJaySix Well-Known Posts: 645Registered
    Nothing wrong with ambition but the majority will never earn that.

    In practice you're looking at being a partner in a decent-sized firm or a senior manager/director in one of the multinationals to earn that kind of cash.

    In industry you're probably looking at being FD of a pretty chunky UK company judging from the payrolls I've seen.

    Not going to happen overnight.
  • NeillawNeillaw New Member RossendalePosts: 193MAAT, AAT Licensed Accountant
    I've only ever seen one accountant earning over £100k.
    He was chartered and had a background in treasury, the guy was an expert in re-financing businesses.
  • BertieBertie West Midlands Posts: 376Registered
    You'll need employees.
  • burgburg Experienced Mentor GloucesterPosts: 1,336Moderator, FMAAT, AAT Licensed Accountant
    It will take a fair bit of work. May be possible for a very few. Many of the top director jobs of listed companies are occupied by accountants. It's not going to be easy to get there. Other than that if it is in practice you are going to have to be good at running a business not just good at accounts and tax. You will need a fair few clients, good systems and good staff.
    Regards,

    Burg
  • BertieBertie West Midlands Posts: 376Registered
    Sorry I didn't realise how old this post was before I posted to it.

    This site is pretty inactive!

  • Enterprise_WarriorEnterprise_Warrior Yorkshire & HumberPosts: 72FMAAT, AAT Licensed Accountant
    I've seen a couple of chartered accountants earn this in industry but they were FDs and shareholders.
    FMAAT, AAT Licensed Accountant and CIMA finalist
  • AllanAllan New Member Posts: 25Registered
    £100,000 equivalent PAYE salary would be £5455.60 per month net...bit more difficult this year than previous years thanks to the new dividend tax.

  • AllanAllan New Member Posts: 25Registered
    £100,000 equivalent PAYE salary would be £5455.60 per month net...bit more difficult this year than previous years thanks to the new dividend tax.

    I posted this last week, yet still not showing?

  • AllanAllan New Member Posts: 25Registered
    £100,000 equivalent PAYE salary would be £5455.60 per month net...bit more difficult this year than previous years thanks to the new dividend tax.
  • AllanAllan New Member Posts: 25Registered
    £100,000 equivalent PAYE salary would be £5455.60 per month net...bit more difficult this year than previous years thanks to the new dividend tax.

  • AllanAllan New Member Posts: 25Registered
    £100,000 equivalent PAYE salary would be £5455.60 per month net...bit more difficult this year than previous years thanks to the new dividend tax.
  • AllanAllan New Member Posts: 25Registered
    £100,000 equivalent PAYE salary would be £5455.60 per month net...bit more difficult this year than previous years thanks to the new dividend tax.

  • AllanAllan New Member Posts: 25Registered
    £100,000 equivalent PAYE salary would be £5455.60 per month net...bit more difficult this year than previous years thanks to the new dividend tax.

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