The accounting and finance sector plays an important role in the UK economy and covers a range of job roles including credit controller, payroll, financial analyst and accountant. The industry is concerned with gathering and utilising financial information and more than two million professionals are employed in areas such as accountancy, banking and insurance. Due to the skills required for the industry, specialist local and nationwide finance recruitment agencies are needed to source the best candidates in the market who are of the highest suitability to their clients.
Salaries in the accounting and finance sector vary depending on the job type but average earnings are around £30K per annum. Recent graduates and entrants into the industry can expect a starting salary of £18K - £22K but gaining the right qualifications and experience can see this rise quickly. Clerical and admin staff within the public sector will usually see the lowest pay whereas management / executive personnel such as corporate finance executives can earn £50K+. London and the South East usually offers the best salary and career opportunities, however city locations such as Manchester, Birmingham and Leeds also provide openings into accounting and finance.
When looking to fill accounting / finance jobs, employers will look for candidates with a university degree to a 2:1 level. Numeracy related qualifications are almost essential to enter the sector with courses in financial management, insurance and accounting all being looked upon favourably. Professional qualifications will also be required for many job roles and these tend to be provided by The Association of Certified Accountants (ACCA) and The Institute of Chartered Accountants in England and Wales (ICAEW).
As well as qualifications, candidates need to have strong analytical skills, attention to detail and be able to work with statistics. An accounting and finance recruitment agency will have the market knowledge and experience necessary to uncover potential staff who carry the qualities to be an asset to their clients.