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Trophywife · 22-02-2011, 16:28

Hi all!!

I'm a newly qualified accountant and I wanted to find out what kind of salary I should be expecting to get from my employer since becoming qualified.

I'm working in practice (small - 2 partners) for nearly 4 years, ACCA qualified, IATI qualified, in the meath area.

Thanks!!

Cyrus · 22-02-2011, 17:11

its all relative i suppose, i know a few people in your situation who havent got much a pay increase (small pratice and outside of dublin)

for reference, i think aca qualified accountants once qualified in one of the big 4 would be on circa €45k give or take

Trophywife · 22-02-2011, 20:14

I'm only on 23k at the minute. They had been paying my tuition fees and exam fees and I used to get 4 weeks study leave per year. I'm not getting that anymore so surely they should be paying me more instead. Want to know what to be asking for before I go asking, if you know what I mean.

There's another girl working with me who qualified 6 months before me. She's on 2 k more than me because she was a year ahead of me but I caught up with her as she failed one sitting. She's qualified now and is on 25k, although better than me, its still bad. She wont ask for more money cos she doesn't like confrontation and is always complaining to me about how bad she's paid but still won't speak up. I think she wants me to go asking for a review and they'll review her too by default. But she wont open her mouth and stick up for herself and this makes me look like the bad guy then!! So frustrating.

count66 · 22-02-2011, 20:55

Quote:

Originally Posted by Trophywife

I'm only on 23k at the minute. They had been paying my tuition fees and exam fees and I used to get 4 weeks study leave per year. I'm not getting that anymore so surely they should be paying me more instead. Want to know what to be asking for before I go asking, if you know what I mean.

There's another girl working with me who qualified 6 months before me. She's on 2 k more than me because she was a year ahead of me but I caught up with her as she failed one sitting. She's qualified now and is on 25k, although better than me, its still bad. She wont ask for more money cos she doesn't like confrontation and is always complaining to me about how bad she's paid but still won't speak up. I think she wants me to go asking for a review and they'll review her too by default. But she wont open her mouth and stick up for herself and this makes me look like the bad guy then!! So frustrating.

That's ridiculous money to be on if you're qualified - however, I want to ask are you just exam qualified or have you actually got your letters as well? Also use the Irishjobs.ie salary survey to compare what you should be on. However, I would advise if 2 or possible more of you are unhappy then you should approach management together - power in no's, workers united can never be defeated and all that stuff.

I definitely wouldn't go solo to management though - you will make youself a target. Alternatively you can always just bide your time and seek alternative employment

Cookie_Monster · 22-02-2011, 21:01

23k really is terrible for a qualified accountant. I'm partially qualified and on ~50% more than that.

I started in a finance role on more than that with minimal experience, your employer is really taking you for a ride tbh

binhthanh · 22-02-2011, 22:09

Quote:

Originally Posted by Cyrus

its all relative i suppose, i know a few people in your situation who havent got much a pay increase (small pratice and outside of dublin)

for reference, i think aca qualified accountants once qualified in one of the big 4 would be on circa €45k give or take

I have been working at one of the big4 in Dublin. 23.5k when joined, 9 months later got 29.5k, then dropped to 28k due to recession, then back to 32k when passed FAE in Sept 2009, then 39k last Sep. I will qualify ACA in May 2011 (due to 3.5 year experience) and will get around 43 - 45k at that time. However, I will stay with the firm for another 6 months as I will be going home for good.

I will also qualify ACCA in June 2011 (if I pass P3, hopefully

) but my firm won't pay me more than others who only have ACA. No difference between having 1 and 2 qualifications

.

For qualified and getting low pay, it may be better to get into big organisations to get higher pay. 23k seems a bit low.

I used to work as a trainee in a small practice in Dublin (5 partners and 15 staffs). Only got 17k at first and 2k increase a year after that. I was so disapointed and that why I moved to big4.

Trophywife · 23-02-2011, 12:23

I know I have to say something. They're taking total advantage. I'm going to try get a new job too because I'm not staying here to be treated like that the whole time. Its a joke. Gonna say something today, I don't think its unreasonable to ask for a rise after seeing what others are earning. I didnt do 6 years of studying for nothing after all. I had IATI done before I came here and started on 19k. So salary only increase 4k in 4 years and now Im qualified.

I applied for membership today to ACCA. I will get it as I have PER completed and Ethics Module done.

I'll let you all know how I get on in the quest for more money....

binhthanh · 23-02-2011, 13:14

What will you do if they refuse ur request, stay or move? It's really hard to get a job at the moment.

I don't think ur er can give you significant increase. If I were you, I just keep silence and start to look for another better job while still working there. If can't get something else better, then have to remain with the firm and accept whatever they can give you.

Best of luck!

Trophywife · 23-02-2011, 13:18

I know its hard to get a job now and I'll try my best. I just asked there and boss said he'd talk with other partner and arrange "something". So just have to wait n see now. I said it in a nice way, and I dont think they think im being greedy for asking. If I dont get more money its like taking a cut cos Im not gettin study leave or exams paid for anymore, so they have to compensate for that at least.

binhthanh · 23-02-2011, 13:34

Just let us know whenever you got the answer from ur boss. Check the web to see the max and min salary for qualified in ur area. At that time u can make ur decision to stay or move.

By the way, it's hard to join in big 4 at the moment (as I see big4 let many qualifed go after they finished their contract), unless you join in the mgt level.

**ssbob** · 23-02-2011, 15:20

Trophywife,

While sympathising with your case, I also feel the need to tell you that €45k is an unrealistic figure however I do feel though that you should ask for €35k with the hope of getting up to around €30k.

I myself am qualified with 18 months or so and currently I am taking home €35k. Recession is a hard time to work in.

Trophywife · 23-02-2011, 15:38

Quote:

Originally Posted by ssbob

Trophywife,

While sympathising with your case, I also feel the need to tell you that €45k is an unrealistic figure however I do feel though that you should ask for €35k with the hope of getting up to around €30k.

I myself am qualified with 18 months or so and currently I am taking home €35k. Recession is a hard time to work in.

I was goin to ask for around 30k and try get as close that that as I could. I know there's no chance of 45k!!!! They'd probably have a heart attack if I asked for that...lol

cocker5 · 23-02-2011, 16:15

Quote:

Originally Posted by Trophywife

I was goin to ask for around 30k and try get as close that that as I could. I know there's no chance of 45k!!!! They'd probably have a heart attack if I asked for that...lol

Trophywife...

Im part qualified, have three acca exams left.... hopefully ill be joining your club this year

My Salary is €34,000... plus college fees, plus VHI for hubby and me, plus pension, 25 days annual leave and yearly bonus... this year i got €3,000...

so i think you are far too under paid

**ssbob** · 23-02-2011, 16:23

Quote:

Originally Posted by cocker5

Trophywife...

Im part qualified, have three acca exams left.... hopefully ill be joining your club this year

My Salary is €34,000... plus college fees, plus VHI for hubby and me, plus pension, 25 days annual leave and yearly bonus... this year i got €3,000...

so i think you are far too under paid

Where do you work? Reckon they have a job for me??

Trophywife do you mind me asking where in the country you are?

Trophywife · 23-02-2011, 16:35

Im in meath. Definately not able to take anyone on here if they can't pay existing staff properly. Whatever increase I can get now will do me till something better comes along.
I'll be trying to get something else regardless of what increase they give cos there's no prospect promotion as its so small here.

22-02-2011, 16:28	#1
Trophywife Registered User Join Date: Feb 2011 Posts: 142 Adverts \| Friends	Newly Qualified accountant - Salary Hi all!! I'm a newly qualified accountant and I wanted to find out what kind of salary I should be expecting to get from my employer since becoming qualified. I'm working in practice (small - 2 partners) for nearly 4 years, ACCA qualified, IATI qualified, in the meath area. Thanks!! Last edited by Trophywife; 22-02-2011 at 16:30.

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22-02-2011, 17:11	#2
Cyrus Registered User Join Date: Jan 2003 Location: Blackrock, Dublin Posts: 7,744 Adverts \| Friends	its all relative i suppose, i know a few people in your situation who havent got much a pay increase (small pratice and outside of dublin) for reference, i think aca qualified accountants once qualified in one of the big 4 would be on circa €45k give or take

22-02-2011, 20:14	#3
Trophywife Registered User Join Date: Feb 2011 Posts: 142 Adverts \| Friends	I'm only on 23k at the minute. They had been paying my tuition fees and exam fees and I used to get 4 weeks study leave per year. I'm not getting that anymore so surely they should be paying me more instead. Want to know what to be asking for before I go asking, if you know what I mean. There's another girl working with me who qualified 6 months before me. She's on 2 k more than me because she was a year ahead of me but I caught up with her as she failed one sitting. She's qualified now and is on 25k, although better than me, its still bad. She wont ask for more money cos she doesn't like confrontation and is always complaining to me about how bad she's paid but still won't speak up. I think she wants me to go asking for a review and they'll review her too by default. But she wont open her mouth and stick up for herself and this makes me look like the bad guy then!! So frustrating.

22-02-2011, 21:01	#5
Cookie_Monster Registered User Join Date: Oct 2007 Location: NP, NI, NZ Posts: 17,259 Adverts \| Friends	23k really is terrible for a qualified accountant. I'm partially qualified and on ~50% more than that. I started in a finance role on more than that with minimal experience, your employer is really taking you for a ride tbh

23-02-2011, 12:23	#7
Trophywife Registered User Join Date: Feb 2011 Posts: 142 Adverts \| Friends	I know I have to say something. They're taking total advantage. I'm going to try get a new job too because I'm not staying here to be treated like that the whole time. Its a joke. Gonna say something today, I don't think its unreasonable to ask for a rise after seeing what others are earning. I didnt do 6 years of studying for nothing after all. I had IATI done before I came here and started on 19k. So salary only increase 4k in 4 years and now Im qualified. I applied for membership today to ACCA. I will get it as I have PER completed and Ethics Module done. I'll let you all know how I get on in the quest for more money....

23-02-2011, 13:14	#8
binhthanh Registered User Join Date: Feb 2011 Posts: 29 Adverts \| Friends	What will you do if they refuse ur request, stay or move? It's really hard to get a job at the moment. I don't think ur er can give you significant increase. If I were you, I just keep silence and start to look for another better job while still working there. If can't get something else better, then have to remain with the firm and accept whatever they can give you. Best of luck!

23-02-2011, 13:18	#9
Trophywife Registered User Join Date: Feb 2011 Posts: 142 Adverts \| Friends	I know its hard to get a job now and I'll try my best. I just asked there and boss said he'd talk with other partner and arrange "something". So just have to wait n see now. I said it in a nice way, and I dont think they think im being greedy for asking. If I dont get more money its like taking a cut cos Im not gettin study leave or exams paid for anymore, so they have to compensate for that at least.

23-02-2011, 13:34	#10
binhthanh Registered User Join Date: Feb 2011 Posts: 29 Adverts \| Friends	Just let us know whenever you got the answer from ur boss. Check the web to see the max and min salary for qualified in ur area. At that time u can make ur decision to stay or move. By the way, it's hard to join in big 4 at the moment (as I see big4 let many qualifed go after they finished their contract), unless you join in the mgt level.

23-02-2011, 15:20	#11
ssbob Moderator Join Date: Jan 2011 Location: Cork Posts: 1,685 Adverts \| Friends Mod: Golf	Trophywife, While sympathising with your case, I also feel the need to tell you that €45k is an unrealistic figure however I do feel though that you should ask for €35k with the hope of getting up to around €30k. I myself am qualified with 18 months or so and currently I am taking home €35k. Recession is a hard time to work in.

23-02-2011, 16:35	#15
Trophywife Registered User Join Date: Feb 2011 Posts: 142 Adverts \| Friends	Im in meath. Definately not able to take anyone on here if they can't pay existing staff properly. Whatever increase I can get now will do me till something better comes along. I'll be trying to get something else regardless of what increase they give cos there's no prospect promotion as its so small here.