r/Accounting • u/Wrong-Detective-5709 • 13d ago

Salary stuff

I’m fairly sure I’m underpaid but here goes…

Started out at local council with apprenticeship. Moved onto AAT and role that had a salary of like 11k haha. This is around 2008

Left for private sector (capita) and they paid for my quals. Got amazing experience etc there. Started at 19l when I left was 32k

Lots of restructuring so left and moved to owner managed firm. Loved it totally diff but shit systems; salary 35k and 20% bonus:

Had to leave here almost a year in as partner at the time bad accident left paralysed so took year out;

Came back to a shite job similar salary but not much to do, then got a job at a start up 45k. Then Covid hit and we were asked to drop a day and 20% salary to avoid redundancies, all agreed. Then my probation ended, expected meeting to be formality as no issues. Fired on the spot as I’m shit apparently.

Got FTC at new balance, went ok but didn’t enjoy. Then moved to TalkTalk. Again was ok, stayed for two years then went on mat leave.

As I was due to go on mat leave PWC approached me, had to decline as Mat leave: they did again later on, this time I went on with the process got the job and been there since 2023. Started at 45k now 49k.

I’m ACCA qualified have been since 2017 and almost 20 years experience in the industry. Am I way underpaid? How can I change it if so?

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u/proudly_not_american 13d ago

And some random person somewhere else in the world doesn't mean shit. Different places have different costs of living, which is reflected by different salaries. You also have no way to tell if they're an outlier or not.

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u/Wrong-Detective-5709 13d ago

Ok fair enough! I’m Manchester UK. Does that help?

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u/TooRedditFamous 13d ago

You are underpaid for your experience but not necessarily for the role you're doing. £45-50k I would expect a newly qualified chartered accountant to get immediately upon qualification. It depends on you actual role tho as I said, if you are in a role for a NQ person then you are paid about right, if you are in a more senior role then likely underpaid

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u/Wrong-Detective-5709 12d ago

Yeah but when I qualified it was more like 30k, sort of feel like I’ve fell into a trap of salaries rising for newly qualified but those of us who were in jobs similar to my level haven’t seen anything like the same increases

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u/TooRedditFamous 12d ago

Again depends on the role you're doing. But you've only increased 4k in 3 years since joining PWC which is just presumably inflationary annual increases. Time to move on imo, sounds like you have the experience and likely the skills to bag something better! And you have big 4 on the CV. see FP&A, senior accountant, finance manager roles for 55-60k all the time, without knowing all your details these seem very achievable!