Are You Overpaying or Underpaying?
Manchester’s 2025 Management Accountant salary benchmarks are revealed…
Salary Benchmarks: Management Accountant & Related Roles in Manchester
| Role | Salary Range | Most Common Salary Band | Comments |
|---|---|---|---|
| Senior Management Accountant | £46,000 – £63,000 | £50,000 – £55,000 | Typically requires full qualification (CIMA/ACCA) and 3–5 years’ experience. |
| Management Accountant | £35,000 – £45,000 | £37,000 – £42,000 | Standard for fully qualified professionals with 1–3 years’ experience. |
| Assistant Management Accountant | £26,000 – £32,000 | £28,000 – £30,000 | Ideal for part-qualified or early-career candidates. |
Variable Pay & Bonuses
Management Accountants in Manchester often receive additional compensation beyond their base salary. According to Indeed, the average bonus ranges from 8% to 10% of their annual salary. This means a Management Accountant earning £40,000 could expect a bonus between £3,200 and £4,000 annually.
Benefits & Perks Overview
Typical benefits packages for Management Accountants in Manchester include:
- Pension Contributions: Employer contributions ranging from 5% to 10%.
- Flexible Working: Hybrid or remote work options are increasingly common.
- Professional Development: Study support for qualifications like CIMA or ACCA.
- Healthcare: Private medical insurance is offered by many employers.
Factors Influencing Salaries
Several factors can impact the salary of a Management Accountant in Manchester:
- Qualifications: Holding a chartered status (e.g., CIMA, ACCA) can command higher salaries.
- Experience: Professionals with more years in the field tend to earn more.
- Industry: Sectors like finance, manufacturing, and technology may offer higher compensation.
- Company Size: Larger organizations often have bigger budgets for salaries and benefits.
Hiring Trends & Market Demand
Manchester’s economy is robust, with a significant presence in banking, finance, and insurance sectors. The city accounts for 7% of all financial services output and 10% of all employment in the UK. Over 60 banks operate in Manchester, making it a major hub for financial services.
Recruitment Challenges Employers Face
Employers in Manchester face several challenges when recruiting Management Accountants:
- Talent Shortage: High demand for qualified professionals leads to competition among employers.
- Retention: Attracting and retaining top talent requires competitive compensation and benefits.
- Evolving Skill Sets: The need for skills in technology, data analysis, and strategic thinking is growing.
Future Salary Predictions & Market Outlook
The demand for Management Accountants in Manchester is expected to remain strong, driven by the city’s thriving financial sector. Salaries are anticipated to rise modestly, with a focus on candidates who possess advanced qualifications and skills in areas like data analysis and strategic planning.
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