It’s all about the base… for newly qualified accountants

As a newly qualified accountant coming out of training contract, there’s lots of things you’ll be thinking and wondering about. For many people, just like you, money is usually high on the agenda.  You have, after all, worked hard and sacrificed a lot, so it’s only fair to be compensated correctly for the value of your time.

What’s the going salary for a newly qualified accountant? What info is accurate and what can I rely on? I heard Mary got 52K and Laura got 62K  – what does that mean?  How do I benchmark my salary against the going ‘rate’ out there?

…nobody wants to be short changed.

Well look no further…

Most salary surveys give you an average or range. But depending on the sample size, the average figure can be skewed, and often doesn’t give a true reflection of actual base salary.  And sometimes (more than you might imagine) the numbers are not based on surveys but on sentiment.  I don’t know about you but I prefer to use hard data when making big decisions that affect my life….

Over the last 6 months, across Dublin & Cork, we’ve helped lots of newly qualified accountants make their first move after their training contract. For fun we tracked their base salaries (yes that’s what we regard as fun here in Barden!) and created some real-time data points, just for you.

 

Interesting, right? 

Now here’s the two big caveats:

  1. Base salary is only a part of Total Compensation – want to know about total comp for newly qualified accountants? Ask one of our experts in Barden and they’ll set you on the right track.
  2. Sometimes…people get paid more for the same job in a different company. Why? One of our experts would love to shed some light on this for you.

It’s not all about the base in your first move after qualifying…but base sure is important!  If you’re curious, want to learn more and what to base your decisions on actual data, you know where to go….

 

At Barden we invest our resources to bring you the very best insights on all things to do with your professional future. Got a topic you would like us to research? Got an insight you would like us to share with our audience? Drop us a note to hello@barden.ie and we will take it from there. Easy.

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