Why Accountancy Is Britain’s Favourite Job

NathalieMStarred Page By NathalieM, 8th Jan 2014 | Follow this author | RSS Feed | Short URL http://nut.bz/1dji51sr/
Posted in Wikinut>Business>Accounting & Finance

OK. What’s the job that most Britons would love to have? Go on- guess. Is it chief chocolate taster at Harrods or ‘spontaneity champion' where Lastminute.com will give you £50,000 worth of travel and expenses for just a few blogs about your travel experiences. Surprisingly it is neither. So what is it? Accountancy. Yes you heard correctly. So let’s explore just why this job has Britons biting at the bit to attain such a position.

The Best Job In The World Does Not Have To Be Exciting

Accountancy has in fact been voted best job in the world! This is followed swiftly by teacher, engineer, charity worker and IT technician. Perhaps the best way to understand why it is so revered is to understand the key features of the job that appeal to people. According to a survey by Insurer and protection specialist LV 4% of Britons viewed security , benefits and salary as the most important features to have in a job and accountancy ticked all the boxes. Interestingly ‘excitement’ was much lower down on the list. Researchers found that out of 60 professions, accountancy scored the highest overall not just on security, benefits and salary but on training, opportunities to progress and lower stress levels compared to other jobs

Salary

So what kind of salary can an accountant expect? Well, it is pretty darn good and according to the 2013 Market report it has increased by 7% in the last year with the average in 2012/13 standing at £64,000. And if this isn’t good enough for you, results from a survey of 502 accountants conducted in November 2012 revealed that bonuses have been on the rise too. Where most accountants were expecting a bonus of 15% of their salary, the majority were actually 17.2%. Add to this specialist financial recruiter, Mark Sattin’s prediction that UK accountants will have had an 18% bonus during Christmas 2013 and you start to understand just why this job is most attractive.

Security

As discussed earlier, it is not just the rather juicy salary that makes this career so desirable but the security that comes with it. Accountancy is simply not a job that is in decline. According to figures from the office of National Statistics, in the last 10 years the number of accountancy jobs have grown by a third, from 145,000 in 2003 to 180,000 in 2013.Even during the recession the number of accountancy roles grew by 19,000 between 2008 and 2012, so in a time where actual nationwide employment saw a 0.15% decrease, accountancy roles saw an 8.6% increase.

Conclusion

So now the economy is starting to surge again this is sure to be advantageous for accountants everywhere. I know for sure that accountants in Brighton, where I live, must be in high demand. Each week, hundreds of new and exciting businesses spring up throughout the city and are striving to grow and compete with those around them. This provides a constant supply of work opportunities for accountants and it sure doesn’t look like it is going to dry up any time soon

Thanks For Reading

Hi! Thanks so much for reading my article. please feel free to leave comments and if you enjoyed this article then perhaps check out The Battle Between Home Insurance And Annual Flooding too. You are also welcome to join me on Twitter

Tags

Accountancy, Best Job, Good Salary

Meet the author

author avatar NathalieM
Hello! I'm Nathalie and I love writing about what makes my world tick! Fashion, weddings, interior design, health, property..You name it, I will write about it!

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Comments

author avatar Sivaramakrishnan A
9th Jan 2014 (#)

Thanks for keeping my spirit high, Nathalie. I am in accountancy and finance profession. One can move across industries seamlessly as our role is not changed much. And regarding security - accountants are first to be hired, and last to be fired! siva

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author avatar NathalieM
9th Jan 2014 (#)

Hi Siva, thanks for your comments. What a great job you have!

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author avatar cnwriter..carolina
11th Jan 2014 (#)

great....I do Quickbooks for clients but it dont earn me much...thanks for the travel site...

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