How much do Trainee Accountants earn? CIMA, ACCA & ACA Salaries
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- Опубликовано: 2 авг 2024
- How much do Trainee Accountants earn? Today we look at potential salaries of CIMA students but salaries which are also very reflective for CIMA, ACCA & ACA. This is probably the most popular beginner question for anyone looking to qualify as an accountant.
Today I look to address the rumours & confirm whether or not the accountancy profession is a great paying profession. We'll look at expected salaries at each level of the qualification (operational, management & strategic) & then look at the earning potential you will have once you are a full CGMA.
Link (CIMA Salary Insights) - salary.aicpaglobal.com/
I hope this provides some visibility to you on how much you can earn as an accountant, Please let me know if you liked this video by commenting down below, liking this video & subscribing to my channel,
Until next time!
CRAIGO
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#CIMA #Accounting #accountingsalary #salary #accountant
Thanks for the information 😊
You’re welcome :)
Thanks for giving us an idea how much they earn!
My pleasure mate!
Hello thanks for your videos. Keep making on CIMA. Can you make a video on Pass rate comparison CIMA Vs ACCA Vs CPA Canada / Australia
Brilliant idea! I’ve got it right on the list! Keep an eye out! 😬
Great video bro 👍👌🏿👏
Thank you sir Rajay 🙏🏻👌🏻🙏🏻
Helpful video
Thank you :) hope you enjoyed!
Thanks for your informative video 😊👍📹. I've had roughly solid 2 years accounting experience over different industries through agency temp work and some voluntary doing entry level account assistant role . However, I took 4 year gap doing something none related to accounting. I want to brush up my skills whlist I try to complete Cima Certificate. What advice can you lend. Thank you
Ideally you need some work experience alongside CIMA. Either look for entry level roles or something similar to what you were doing previously! 😄
Hi, thanks for the video. What about ACCA members- are their potential salaries different than CIMA members?
Hey! If they work in industry, I would say no. For practice, I couldn't comment, I have no experience of expected salaries in the practice field.
How long does it take to become fully qualified cgma provided that an accounting and finance degree is completed with certificate level and operational level exemptions? For instance a regular 3 yr degree.
It obviously all depends on how quickly you pass the exams. But I would aim approx 18 months!
I started a level 7 apprenticeship (CIMA) 8 months ago. Due to exemptions, I am studying at the management level and have passed my first exam. My company is coming towards the performance appraisal period, so im expecting a meeting about my next years performance targets and possibly pay. Im earning £28.5k, should I ask for a payrise to £35k maybe?
I never done a payrise negoviation before and HR dont seem to have any published guidelence around payrises, so not sure how to approach this...
I don’t have the knowledge of how your company operates but from my experience, you’re pay is predominatently linked to your role.
Yes I recieved small pay rises for progression but not at £6.5k for finishing 2 levels.
Ultimately a business will reward you for the role you have and the effectiveness on the job.
Of course push it, but don’t be disappointed if it doesn’t get you to £35k! 😀
Hope that helps!
Heyy , can you give us an idea about what was ur avg salary when you were ACMA . Btw great videos bro.
I’ve given you the range in this video. But given that people I work with watch this channel, unfortunately I’m not going to disclose that, sorry!
Does the FLP of cima make any difference in terms of getting preference while applying for a job? If so is that a positive or a negative preference for the companies?
Ps I've just turned 22 and I live in India and am going to give my operation level case study this November, do you think I would have a chance of getting hired in a UK based company?
No, FLP or exam route will give you the same designation. I cannot answer that, a very generic question.
Hai hue ky tum hire?
Hi Craigo, regardless of somebodys starting salary as a trainee accountant, would you expect this to still increase (by similar increments you ellude to) throughout their qualification?
All depends on company, pay scales, experience etc when it comes to internal.
You can always jump ship and boost earnings if need be though!
I have just completed my mba last year working as a senior supervisor planning to do CIMA can I get some exemptions in my exams or not ? I quit Cima because of my master but now I feel I can do it now
Use the CIMA exemption tool and take a look. You’ll then provide CIMA with your transcript & they will grant them if elegible!
Bro can we pass our remaining papers in abroad and do our article ship (practice) abroad and get our certificate from there ???
Please guide me
Bro - yes you can!!! Go on CIMA Website and find the list of CIMA Operated countries bro.
In there salary package, how can i know CTC and INHAND SALARY . Bro, please reply i didnt got answer anywhere
No idea about your market. Salaries vary massively country back country, even state vs state!
Bro i have doubt can i go to work while studing cima ??
Edit- our salaries vary from operations, management , strategic levels right ?
Ans - if yes then we have to take part time job or full time job for "PER".
Of course you can! I recommend CIMA alongside a full time job. The PER requirements rate three years without explicitly start full/part time. I think the assumption is you will work full time while studying!
Hey. So aperantly I'm planning to give my operationl case study exam. And this video was really very helpful for me. But can u tell if I can get a job in UK as CIMA tranee after doing my management case study. Do people in UK hire Indian employe ?
Of course they do. The scale of recruitment I unfortunately have no knowledge on though.
Thanks for the video but I find the CIMA calculator quite unrealistic if you’re from up north.
Yes i agree. Have you checked out the Hays Financial Salary study? It's a very full study that splits out all roles in the finance function by region.
www.hays.co.uk/salary-guide
@@CRAIGO10 yes I did and it’s so much better. Very useful during salary negotiations. Although, up north I think most people can only expect 30k after fully qualifying.
Great! 😃 It’s all relative to the cost of living :)
Hello. A CIMA student here. What is PER ? Heard that word many times and usually people do it after completing CIMA .
Hey! Stands for 'Practical Experience Requirements', essentially it is about you displaying that you work on certain competencies/skills alongside your exams as part of your full time job over a three year period. Without the PER you cannot obtain the CGMA designation. I recommend you do some reading here; www.cimaglobal.com/Studying/Becoming-a-cgma/Practical-experience-requirements/
@@CRAIGO10 Thanks for the brief explanation. Can i work full time in any accounting company or only the ones which are approved by CIMA?
Nice one Craigo CMGA... Smiles.
Could you please clarify :
What about, someone who is a CA in his country. Has AAT in Nigeria, BSc Accounting, ACCA-Certifr and looking to study MSc Accounting and Finance in UK with about 7 years of experience in accounting as Head of Finance, Finance Manager, Finance Controller in Nigeria(excluding other junior level jobs)
What's the prospective pay like and journey?
Any idea, please?
Thanks man!! 7 years of experience in the UK, you could expect to earn £60-70,000 in the south of UK. Other areas of the UK will differ though!
I am qualified CMA(India) and if I qualify CIMA as well, and I have around 4-5 years of work experience in Audit and Finance from reputed organizations. Now please give me idea about how much my average salary is gonna be after qualifying CIMA?
Impossible to tell you mate, I have no idea of salaries in India 😂
How to do CIMA course in UK and which universities offered this course.
CIMA is not available at universities. Private tuition providers provide tuition & essentially you study off of your own back!
What do you think about a
Person obtaining both acca
And Cima
Personally I wouldn’t bother. If you want to be able to sign off accounts then I would just sit ACCA. 😄
Is it just me or does £30,000/£32,000 seem quite low? Maybe in the context of the outputs expected of a part-qualified worker it makes sense.... How about a video on what you did in each role, but said frankly - no corporate spin?
I agree although I did come across a lot of peers who were earning below these thresholds when a trainee. Salaries can really range. That’s a video I have in scope & certainly one I will add onto the list 😬
That’s before tax as well. Blimey it’s like living off scraps. If you’re in London can you even afford rent for that salary
@@keshav7428 £30-32k in London is not living off scraps...you could spend £1000/month on rent with that income! For an entry level role that sounds damn good to me.
@@PhilosophyLines to live comfortably in London £50k is comfortable for one person in one apartment so Ur talking bullshit like there's necessary expenditure other than rent.
Controversial Q - Do you believe that women CIMA students/CGMA's make the same as their male counterparts?
Ohhh very controversial & not an easy question to answer. My opinion; two new hires at entry level, yes. Two 40 year olds, one male who has worked all the way through vs a female who took a 5 year career break to look after a new born, maybe not. They would have missed out on 5 years of appraisal increases. And then the argument of do women get to the high level roles as frequently as men, probably not and therefore paid less. A lot of studies out there on this, give them a search! 😬
do you do CIMA with your degree in university?
No, CIMA is exclusive. However if you study a relevant degree you're likely to get exemptions from CIMA as you will have studied some modules at university.
is it necessary to do job along with cima preparation?
Yes otherwise you won’t be granted CGMA
And any specific Field?
Can you not do the management level and strategic level in 1 year full time
That’s very tough but I suspect you could! The truth is though, most people don’t do it full time. Don’t forget the practical experience requirements to obtain the CGMA designation!
@@CRAIGO10 Yes but I don't mind doing the practical experience after finishing the school work and strategic level. Thats what I want to attempt
But if you aren’t working, you won’t have any practical experience requirements? You also only have three years after submitting SCS to submit your PER.
@@CRAIGO10 Okay I understand
How to apply for internship for acca easily?
Take a look here! jobs.accaglobal.com/internships/
Sir i do cima from Pakistan how i can uk
I don't know I'm afraid, not something i've researched.
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7:00 I think accountants are getting under paid in my country.
COuld well be, salaries aren't the same everywhere!
Can cima get permerant residents in uk???
No CIMA cannot get permanent residence in UK. My guess is you'll need to work for a company that require you to work in the UK if you want to go down that route.
@@CRAIGO10 can i get job in uk by cima
Now I'm in iraq
If've done my ACCA in india(Without practical experience),
Then if i decide to go to uk on a study visa,
And after that on my PSW visa,
Is it possible to get a job in a good accounting firm for an international student like me(taking in consideration that I've already cleared all my papers for ACCA)?
please Guide
I don’t see why not. Unfortunately I don’t know anything about the different types of visas available to international accountants. I recommend doing your own research :)
I have the same doubt too😁
Hi Edward, I have the same doubt. Any updates?
@@shabasmohammedc9560 no
I am an ACCA affiliate with just 6 months of work experience (from EY)
can you tell me if I'll get jobs with this qualification and experience in UK?
You certainly are on the right career path and qualification that will give you the opportunity for a job in the UK. I can't 100% say you will get a job though, this isn't black or white!
lol where are I am trainee accountants are all advertised as £18-23,000 it’s pathetic. I have a degree in economics and this is what I get
Are you looking at typical accounting roles? They tend to pay less at trainee level, even in top 4, and then you benefit once qualifying. Management accountants will have a better salary at the beginning of career due to stable, industry salaries
@@CRAIGO10 they are just trainee roles really for school leaves I’ve been unemployed for the better half of a year since graduating so I’m open to anything atm even if it isn’t a graduate role
@@CRAIGO10 hampshire and sons been offered ACA 3 year graduate job at 20k. Seems uni was a waste as I earnt that as a 22 year old manual worker trainee in 1993
@@clubpenguinwwefan08 are you doing better now bro?
Do Acca or ICAEW
They are the best
Depends on your career objectives...
@@CRAIGO10 Hi there. Which would be better for a Job in the audit ? External auditor
@@bhadrinath4191 easy, ACCA