How much do Trainee Accountants earn? CIMA, ACCA & ACA Salaries

[@CRAIGO10]

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[@Abhinavjain2004]

Thanks for the information 😊

[@CRAIGO10]

You’re welcome :)

[@h4rkus133]

Is it just me or does £30,000/£32,000 seem quite low? Maybe in the context of the outputs expected of a part-qualified worker it makes sense.... How about a video on what you did in each role, but said frankly - no corporate spin?

[@CRAIGO10]

I agree although I did come across a lot of peers who were earning below these thresholds when a trainee. Salaries can really range. That’s a video I have in scope & certainly one I will add onto the list 😬

[@keshav7428]

That’s before tax as well. Blimey it’s like living off scraps. If you’re in London can you even afford rent for that salary

[@PhilosophyLines]

@@keshav7428 £30-32k in London is not living off scraps...you could spend £1000/month on rent with that income! For an entry level role that sounds damn good to me.

[@carlaholder483]

@@PhilosophyLines to live comfortably in London £50k is comfortable for one person in one apartment so Ur talking bullshit like there's necessary expenditure other than rent.

[@DreamFirms]

Thanks for giving us an idea how much they earn!

[@CRAIGO10]

My pleasure mate!

[@MM-vl3xn]

I started a level 7 apprenticeship (CIMA) 8 months ago. Due to exemptions, I am studying at the management level and have passed my first exam. My company is coming towards the performance appraisal period, so im expecting a meeting about my next years performance targets and possibly pay. Im earning £28.5k, should I ask for a payrise to £35k maybe? I never done a payrise negoviation before and HR dont seem to have any published guidelence around payrises, so not sure how to approach this...

[@CRAIGO10]

I don’t have the knowledge of how your company operates but from my experience, you’re pay is predominatently linked to your role. Yes I recieved small pay rises for progression but not at £6.5k for finishing 2 levels. Ultimately a business will reward you for the role you have and the effectiveness on the job. Of course push it, but don’t be disappointed if it doesn’t get you to £35k! 😀 Hope that helps!

[@asifbinsabbir5157]

Hello thanks for your videos. Keep making on CIMA. Can you make a video on Pass rate comparison CIMA Vs ACCA Vs CPA Canada / Australia

[@CRAIGO10]

Brilliant idea! I’ve got it right on the list! Keep an eye out! 😬

[@zeub78]

Thanks for your informative video 😊👍📹. I've had roughly solid 2 years accounting experience over different industries through agency temp work and some voluntary doing entry level account assistant role . However, I took 4 year gap doing something none related to accounting. I want to brush up my skills whlist I try to complete Cima Certificate. What advice can you lend. Thank you

[@CRAIGO10]

Ideally you need some work experience alongside CIMA. Either look for entry level roles or something similar to what you were doing previously! 😄

[@anetanowak2959]

Thanks for the video but I find the CIMA calculator quite unrealistic if you’re from up north.

[@CRAIGO10]

Yes i agree. Have you checked out the Hays Financial Salary study? It's a very full study that splits out all roles in the finance function by region. www.hays.co.uk/salary-guide

[@anetanowak2959]

@@CRAIGO10 yes I did and it’s so much better. Very useful during salary negotiations. Although, up north I think most people can only expect 30k after fully qualifying.

[@CRAIGO10]

Great! 😃 It’s all relative to the cost of living :)

[@danielbrown4676]

Hi Craigo, regardless of somebodys starting salary as a trainee accountant, would you expect this to still increase (by similar increments you ellude to) throughout their qualification?

[@CRAIGO10]

All depends on company, pay scales, experience etc when it comes to internal. You can always jump ship and boost earnings if need be though!

[@utkarshkaushik133]

I am qualified CMA(India) and if I qualify CIMA as well, and I have around 4-5 years of work experience in Audit and Finance from reputed organizations. Now please give me idea about how much my average salary is gonna be after qualifying CIMA?

[@CRAIGO10]

Impossible to tell you mate, I have no idea of salaries in India 😂

[@shravastikuchekar2665]

Hey. So aperantly I'm planning to give my operationl case study exam. And this video was really very helpful for me. But can u tell if I can get a job in UK as CIMA tranee after doing my management case study. Do people in UK hire Indian employe ?

[@CRAIGO10]

Of course they do. The scale of recruitment I unfortunately have no knowledge on though.

[@aliciab7628]

Helpful video

[@CRAIGO10]

Thank you :) hope you enjoyed!

[@rajaygolding3916]

Great video bro 👍👌🏿👏

[@CRAIGO10]

Thank you sir Rajay 🙏🏻👌🏻🙏🏻

[@laurenmenzies2013]

Controversial Q - Do you believe that women CIMA students/CGMA's make the same as their male counterparts?

[@CRAIGO10]

Ohhh very controversial & not an easy question to answer. My opinion; two new hires at entry level, yes. Two 40 year olds, one male who has worked all the way through vs a female who took a 5 year career break to look after a new born, maybe not. They would have missed out on 5 years of appraisal increases. And then the argument of do women get to the high level roles as frequently as men, probably not and therefore paid less. A lot of studies out there on this, give them a search! 😬

[@ayeshaali3156]

Hello. A CIMA student here. What is PER ? Heard that word many times and usually people do it after completing CIMA .

[@CRAIGO10]

Hey! Stands for 'Practical Experience Requirements', essentially it is about you displaying that you work on certain competencies/skills alongside your exams as part of your full time job over a three year period. Without the PER you cannot obtain the CGMA designation. I recommend you do some reading here; www.cimaglobal.com/Studying/Becoming-a-cgma/Practical-experience-requirements/

[@ayeshaali3156]

@@CRAIGO10 Thanks for the brief explanation. Can i work full time in any accounting company or only the ones which are approved by CIMA?

[@justahumanwithamask4089]

7:00 I think accountants are getting under paid in my country.

[@CRAIGO10]

COuld well be, salaries aren't the same everywhere!

[@clubpenguinwwefan08]

lol where are I am trainee accountants are all advertised as £18-23,000 it’s pathetic. I have a degree in economics and this is what I get

[@CRAIGO10]

Are you looking at typical accounting roles? They tend to pay less at trainee level, even in top 4, and then you benefit once qualifying. Management accountants will have a better salary at the beginning of career due to stable, industry salaries

[@clubpenguinwwefan08]

@@CRAIGO10 they are just trainee roles really for school leaves I’ve been unemployed for the better half of a year since graduating so I’m open to anything atm even if it isn’t a graduate role

[@Marc-lx1qj]

@@CRAIGO10 hampshire and sons been offered ACA 3 year graduate job at 20k. Seems uni was a waste as I earnt that as a 22 year old manual worker trainee in 1993

[@karag4487]

@@clubpenguinwwefan08 are you doing better now bro?

[@TingleTime84]

I have just completed my mba last year working as a senior supervisor planning to do CIMA can I get some exemptions in my exams or not ? I quit Cima because of my master but now I feel I can do it now

[@CRAIGO10]

Use the CIMA exemption tool and take a look. You’ll then provide CIMA with your transcript & they will grant them if elegible!

[@akray1153]

Does the FLP of cima make any difference in terms of getting preference while applying for a job? If so is that a positive or a negative preference for the companies? Ps I've just turned 22 and I live in India and am going to give my operation level case study this November, do you think I would have a chance of getting hired in a UK based company?

[@CRAIGO10]

No, FLP or exam route will give you the same designation. I cannot answer that, a very generic question.

[@professionalcorner9655]

Hai hue ky tum hire?

[@suryavamsi1868]

In there salary package, how can i know CTC and INHAND SALARY . Bro, please reply i didnt got answer anywhere

[@CRAIGO10]

No idea about your market. Salaries vary massively country back country, even state vs state!

[@cashy013]

Hi, thanks for the video. What about ACCA members- are their potential salaries different than CIMA members?

[@CRAIGO10]

Hey! If they work in industry, I would say no. For practice, I couldn't comment, I have no experience of expected salaries in the practice field.

[@ArmanAli-qo9yr]

Bro can we pass our remaining papers in abroad and do our article ship (practice) abroad and get our certificate from there ??? Please guide me

[@CRAIGO10]

Bro - yes you can!!! Go on CIMA Website and find the list of CIMA Operated countries bro.

[@riship7767]

How long does it take to become fully qualified cgma provided that an accounting and finance degree is completed with certificate level and operational level exemptions? For instance a regular 3 yr degree.

[@CRAIGO10]

It obviously all depends on how quickly you pass the exams. But I would aim approx 18 months!

[@mayureegore4957]

Hi, do you offer classes?

[@CRAIGO10]

Afraid not!

[@kanchanverma9797]

is it necessary to do job along with cima preparation?

[@CRAIGO10]

Yes otherwise you won’t be granted CGMA

[@kanchanverma9797]

And any specific Field?

[@sanchitthakur1959]

Heyy , can you give us an idea about what was ur avg salary when you were ACMA . Btw great videos bro.

[@CRAIGO10]

I’ve given you the range in this video. But given that people I work with watch this channel, unfortunately I’m not going to disclose that, sorry!

[@ayushgautam5714]

How to apply for internship for acca easily?

[@CRAIGO10]

Take a look here! jobs.accaglobal.com/internships/

[@secularindia8185]

How to do CIMA course in UK and which universities offered this course.

[@CRAIGO10]

CIMA is not available at universities. Private tuition providers provide tuition & essentially you study off of your own back!

[@nwokolodonald3394]

Nice one Craigo CMGA... Smiles. Could you please clarify : What about, someone who is a CA in his country. Has AAT in Nigeria, BSc Accounting, ACCA-Certifr and looking to study MSc Accounting and Finance in UK with about 7 years of experience in accounting as Head of Finance, Finance Manager, Finance Controller in Nigeria(excluding other junior level jobs) What's the prospective pay like and journey? Any idea, please?

[@CRAIGO10]

Thanks man!! 7 years of experience in the UK, you could expect to earn £60-70,000 in the south of UK. Other areas of the UK will differ though!

[@jackryan3487]

What do you think about a Person obtaining both acca And Cima

[@CRAIGO10]

Personally I wouldn’t bother. If you want to be able to sign off accounts then I would just sit ACCA. 😄

[@jane_de_yar]

Sir i do cima from Pakistan how i can uk

[@CRAIGO10]

I don't know I'm afraid, not something i've researched.

[@suryavamsi1868]

Bro i have doubt can i go to work while studing cima ?? Edit- our salaries vary from operations, management , strategic levels right ? Ans - if yes then we have to take part time job or full time job for "PER".

[@CRAIGO10]

Of course you can! I recommend CIMA alongside a full time job. The PER requirements rate three years without explicitly start full/part time. I think the assumption is you will work full time while studying!

[@uyandazikalala2409]

Can you not do the management level and strategic level in 1 year full time

[@CRAIGO10]

That’s very tough but I suspect you could! The truth is though, most people don’t do it full time. Don’t forget the practical experience requirements to obtain the CGMA designation!

[@uyandazikalala2409]

@@CRAIGO10 Yes but I don't mind doing the practical experience after finishing the school work and strategic level. Thats what I want to attempt

[@CRAIGO10]

But if you aren’t working, you won’t have any practical experience requirements? You also only have three years after submitting SCS to submit your PER.

[@uyandazikalala2409]

@@CRAIGO10 Okay I understand

[@Myk17z]

do you do CIMA with your degree in university?

[@CRAIGO10]

No, CIMA is exclusive. However if you study a relevant degree you're likely to get exemptions from CIMA as you will have studied some modules at university.

[@thankyougod1]

Can cima get permerant residents in uk???

[@CRAIGO10]

No CIMA cannot get permanent residence in UK. My guess is you'll need to work for a company that require you to work in the UK if you want to go down that route.

[@thankyougod1]

@@CRAIGO10 can i get job in uk by cima Now I'm in iraq

[@edwardbrand6748]

If've done my ACCA in india(Without practical experience), Then if i decide to go to uk on a study visa, And after that on my PSW visa, Is it possible to get a job in a good accounting firm for an international student like me(taking in consideration that I've already cleared all my papers for ACCA)? please Guide

[@CRAIGO10]

I don’t see why not. Unfortunately I don’t know anything about the different types of visas available to international accountants. I recommend doing your own research :)

[@rickygjohnson8857]

I have the same doubt too😁

[@shabasmohammedc9560]

Hi Edward, I have the same doubt. Any updates?

[@edwardbrand6748]

@@shabasmohammedc9560 no

[@rickygjohnson8857]

I am an ACCA affiliate with just 6 months of work experience (from EY) can you tell me if I'll get jobs with this qualification and experience in UK?

[@CRAIGO10]

You certainly are on the right career path and qualification that will give you the opportunity for a job in the UK. I can't 100% say you will get a job though, this isn't black or white!

[@bhadrinath4191]

Do Acca or ICAEW They are the best

[@CRAIGO10]

Depends on your career objectives...

[@bhadrinath4191]

@@CRAIGO10 Hi there. Which would be better for a Job in the audit ? External auditor

[@CRAIGO10]

@@bhadrinath4191 easy, ACCA