New ACAs receive record payday

News Article - 05 September 2006
Category: Business

Newly-qualified Association of Chartered Accountancy (ACA) award-holders this Autumn will command record salaries, recruiter Morgan McKinley has said.

The average package now offered to recent graduates by City financial service and investment companies is worth around £65,000 said the Morgan McKinley research.

This is calculated as a basic salary of £52,000 with an average take-home bonus of £13,000, altogether six per cent higher than in 2005 and 22 per cent higher than 2003.

Their contemporaries in financial control and annual audit are in line for packages worth £58,000 and £54,000 respectively.

"The ACA qualification has always been held in high regard by financial organisations in the City," said Morgan McKinley chief executive Robert Thesiger.

"ACAs are in an enviable position right now as there are a host of career paths open to them.

"However, they should think carefully about their next career move and consider all options to ensure they take the right route from the outset," he said.

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