New data shows clear salary progression for upcoming accountancy professionals
11 January 2024
Yesterday, Wednesday 10 January, the Association of Accounting Technicians (AAT) has published its latest for qualified and training accountants, with the new data emphasising the benefits of a career path in accounting.
The figures show that nearly three-quarters (71%) of apprentices reported a salary increase since beginning their apprenticeship. This is backed up by an overwhelming 83% of those who have completed accounting qualifications with AAT saying that the qualification has increased their earning potential.
Level 2 students can expect to earn a median salary of £24,500 according to the latest figures, with progression and reward clear to see in the accounting career pathway, as the average salary for AAT members increases to £35,000 once they have advanced to professional membership. This already sets them around the UK average salary, with still plenty of room to progress and even work towards chartered status.
In addition to the publication of the new survey, AAT has also launched a, so that users can compare their salary with fellow members based on level, job title, or age.
AAT CEO Sarah Beale said:
“The new Salary Survey is further evidence of the opportunity and progression available through a career in accounting, as well as a clear indicator of the value placed on the role of Accounting Technicians by employers in all sectors. Seeing our students and members reaping the financial rewards of their hard work is a testament to the skills our qualifications are providing, and to the hard work of our professionals who continue to exemplify the ambition AAT is all about.
“We are continuously improving our qualifications and our CPD to ensure that all our professionals are equipped for the challenges of the modern world so that they can continue to provide the skills employers are looking for and have every chance of progressing on an upward pathway.
“Reporting figures like these are key for transparency so that our community knows they can trust AAT. I would encourage any students, career changers or indeed anyone looking for a new challenge or opportunity, to have a look at these results and the benefits of an accounting career.”
AAT membership continues to show its value with the data showing a 35% increase in salary between Level 4 and full member status (MAAT).
You can read the Salary Survey results in full here.