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Now is a great time to be a PQ

We may live in increasing uncertain times, but one certainty for 2017 is that talented part qualifieds will still be in big demand, says Hays Accountancy & Finance’s Karen Young.

January 2017

In fact, Young goes as far as saying that there has never been a better time to be a student accountant, as demand for your services from all sectors is outstripping supply.
The Hays UK Salary & Recruiting Trends 2017 guide has just been released, and Young revealed the salaries of PQs increased by an average of 2% in the past 12 months. This is good news when you see that the overall salary increases last year in the accountancy and finance profession as a whole was 1.4%.
The survey found that the average salary of a PQ accountant in 2016 was £25,337. This is expected to rise to £25,865 in 2017, representing a 2.1% increase.
That doesn’t mean that PQs are content with their pay packets – 58% said they weren’t happy with their current salary level.
It appears PQs are also not slow at coming forward when it comes to asking for a pay rise. One in three PQs have asked for a rise in the past 12 months, again more than the average for the finance profession as a whole (29%). Of the 32% who asked for that rise half were successful. Young explains that this rate of success is pretty much in line with the wider finance profession.
While nigh on all (97%) of PQs feel they have the skills necessary for their current role, over half say there is no scope for career progression in their current organisation. Hardly surprising then that more than half those PQs surveyed (59%) say they anticipate moving jobs within the next 12 months, and 39% say they are anticipating a move within the next six months.

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