Manchester has a rich and diverse economy that includes heavy industry, sciences, manufacturing and services. As a result, the need for expert accountancy and finance services is significant. There are always employment opportunities for accountants, auditors, financial advisors and many other disciplines in the sector, but candidates face increasing competition for a dwindling number of vacancies. Manchester's city centre is a large business and retail centre of the UK, and the development of Media City recently has attracted a great deal of inward investment - providing a much-needed boost to the financial sector in the area.
Most of the UK's largest accountancy and finance firms have a presence in Manchester, including Price Waterhouse Cooper and Deloitte. However, the vast majority of people working in the city's financial sector are employed as staff in smaller accountancy firms which are privately-owned. Local recruitment agencies always have vacancies in finance and accounting, but demand for positions in the sector is extremely high, and vacancies are usually filled very quickly.
Salaries for trainee accountants and administration workers range from £18,000 to £30,000. Senior auditors, financial advisors, brokers and other senior managers can earn anything up to £100,000. Many roles in this sector include performance-related pay, so bonuses and commissions can constitute a large percentage of take-home pay.