Highest paying accounting jobs (with duties and salaries).While accounting professions at the entry level often include lengthy hours of calculations, there are opportunities to advance to higher-paying roles as one advances in their careers.
Possessing a qualification in accounting may increase your selection of available positions. There are numerous positions in the accounting industry to consider if you’re seeking a Highest paying accounting jobs.
This article examines 14 of the Highest paying accounting jobs, discusses their key responsibilities and qualification criteria, and provides the national average salary for these positions.
Which accounting position is suitable for you?
Different accounting positions may demand varying levels of education and experience. Before choosing if a job is a suitable fit for you, it’s a good idea to determine if there are additional qualifying criteria.
The job you pursue depends not only on your professional objectives but also on your personal preferences, such as basic bookkeeping, investment analysis, or forensic audits.
List of the Highest paying accounting jobs
The following is a list of the Highest paying accounting jobs:
1. Senior bookkeeper
The average annual wage is $28,050
A bookkeeper’s primary responsibility is to document financial transactions. This may involve the handling of invoices, payments, and receipts. They keep a set of books and ensure that the accounts are balanced.
Additionally, they may submit VAT reports and financial accounts. Typically, candidates for this Highest paying accounting jobs position must possess a recognized credential, such as a level 2 certification in bookkeeping, accounting, or manual and computerized bookkeeping.
The average annual wage in the country is £30,594
Internal and external auditors evaluate financial records to confirm their accuracy and create financial statements as their primary responsibilities. The responsibilities of this Highest paying accounting jobs may include providing tax advice and detecting financial possibilities and hazards.
In addition, they ensure that the company complies with Section 404 of the Sarbanes-Oxley Act, which mandates that the annual financial reports of a publicly traded company include an Internal Control Report stating that management is responsible for maintaining an adequate and effective internal control structure.
An external auditor must possess a bachelor’s degree in accountancy, economics, business and finance, or IT and computing, as well as membership in the Association of Certified Public Accountants (ACCA), the Institute of Chartered Accountants in England and Wales (ICAEW), or the Association of International Accountants (AIA).
To conduct audits in the public sector, one must be a member of the Chartered Institute of Public Finance and Accountancy (CIPFA). Accountants need the Chartered Institute of Management Accountants (CIMA) qualification or a level 7 apprenticeship to conduct internal audits.
3. Management accountant
The average annual wage is £36,153
This Highest paying accounting jobs are primarily responsible for assisting with the formulation and monitoring of an organization’s financial planning strategy and supervising the accounting staff. They frequently provide reports to assist management in making informed financial decisions and maximizing shareholder value. An apprenticeship or a bachelor’s degree in accountancy, accounting and finance, or business and management qualifies candidates for a management accountant position.
4. economic analyst
The average annual wage in the country is £3 7,191
This Highest paying accounting jobs are primarily responsible for analyzing business news, market trends, economic situations, and current and historical financial data. This permits them to provide investment advice to organizations or individuals. They evaluate the value of a company based on an examination of its financial accounts and predict financial consequences based on research.
Here are several certification programmes available to qualify as a financial analyst:
5. Payroll manager
Average annual salary: £38,721
Payroll managers are primarily responsible for overseeing the payroll team. They ensure that the necessary compensation, including commission, overtime, and holiday pay, are paid to employees on schedule. Their duties may include advising on laws concerning staff taxes and pay, such as minimum wage regulations. This Highest paying accounting jobs position normally requires several years of experience in the payroll industry or a Level 5 Payroll Management certification.
6. Tax consultant
The average national wage is $42,583 per year
Tax consultants are primarily responsible for researching, interpreting, and analyzing tax legislation to ensure that businesses comply with applicable rules. They ensure the accuracy and timely filing of tax returns and yearly financial statements.
They also assist in the development of tax minimization techniques. A prospective tax consultant can qualify by completing a training program with a firm of solicitors or a company’s tax department. They may also obtain the Association of Taxation Technicians (ATT) certification.It is also among the Highest paying accounting jobs.
The average national wage is $42,618 per year
Primarily, an economist assesses the cost and allocation of a company’s resources. They investigate market trends and estimate the price of materials and services that a firm plans to acquire in the future. In addition, they offer cost-cutting measures that do not compromise production and efficiency.
The majority of businesses require economists to hold a bachelor’s degree in economics or a related field, such as statistics, mathematics, business studies, or finance and accounting. However, some organizations require a master’s degree in economics.
8. Chartered accountant
National median wage: £43,208 per year
This Highest paying accounting jobs are primarily responsible for auditing accounts and creating financial reports and records. Their responsibilities include auditing, taxes, and corporate finance. They may also provide guidance on financial decisions. A person can become a chartered accountant by earning the Association of Accounting Technicians’ Professional Diploma in Accounting (AAT).
9. Investment consultant
National median wage: £43,260 per year
This Highest paying accounting jobs provide investment advice to banking clients, including wealth management and retirement accounts. They aid in financial transactions and oversee investments, delivering clients with financial and analytical data. There are three ways to qualify as an investment consultant:
Apprenticeship: Complete a financial adviser higher apprenticeship or a professional degree apprenticeship in financial services.
Start your career in financial services administration and pursue a level 4 qualification recognized by the Financial Conduct Authority. Included among them are the Diploma in Regulated Financial Planning from the Chartered Insurance Institute, the Diploma for Financial Advisers (DipFA) from the London Institute of Banking and Finance, and the Investment Advice Diploma from the Chartered Institute for Securities and Investment.
Earn a degree in a pertinent field, such as financial services, business management, or accounting.
10. Portfolio manager
National average salary: £43,288 per year
Portfolio managers are primarily responsible for developing and implementing investment strategies for their clients. They maintain consistent communication with clients, keeping them apprised of market circumstances and economic trends and ensuring that their investments continue to satisfy their objectives.
Managers of portfolios maintain compliance with disclosure, anti-fraud, and money laundering regulations. Typically, a bachelor’s degree in accounting, finance, economics, statistics, or mathematics is required for this position. Some employers demand a master’s degree in business administration, economics, or finance.However, it is also regarded as one of the Highest paying accounting jobs.
11. Criminal accountant
The national median wage is £50,657 per year
Forensic accountants’ primary responsibilities are to investigate an organization’s financial records in order to identify any irregularities, contradictions, or missing information that could indicate fraudulent acts. They collect and analyze financial data and compose an exhaustive report detailing all financial transactions.
AAT professional certification and the ACCA Foundation Diploma are excellent entry points. The Institute of Certified Forensic Accountants (ICFA) also offers a variety of online credentials, such as Certified Professional Forensic Accountant, Certificate in Forensic Accounting (Level 3), and Certified Fraud Specialist.
12. Financial controller
The average national wage is $56,708 per year
financial controller as one of the Highest paying accounting jobs is responsible for the monthly, quarterly, and annual financial statements, general ledger, payroll, budgeting, and tax compliance of the organization. They oversee all transactions, including payable and receivable accounts. The majority of financial controllers have experience in finance and management as well as a bachelor’s degree in mathematics, economics, or business. Typically, they also require an accounting credential from ACCA, CIMA, or ICAEW.
13. Financial director
National median wage: £80,937 per year
Financial directors’ primary responsibilities include reporting on revenue, analyzing budgets, disbursing cash, controlling risk, implementing policies and financial strategies, and enhancing financial procedures.
In addition, they are responsible for all tax matters and ensuring conformity with the law. This Highest paying accounting jobs position requires a bachelor’s degree in management, finance and accounting, economics, business law, or human resources, in addition to a number of years of experience in accounting, management, and auditing.
14. Chief executive officer
The average annual wage is £118,464
A chief financial officer (CFO) is primarily responsible for directing an organization’s financial activities. This includes designing and implementing an annual budget and expenditure plan, as well as ensuring that the organization conforms with industry standards and financial rules. The majority of CFOs hold degrees in finance, accounting, economics, banking, or business management.
The CFO programme at the London Business School is designed for senior finance professionals who are either new to their position or preparing for one. In addition to the ACCA and CIMA, professionals can also obtain a qualification from the ACCA or CIMA.
FAQs On Highest paying accounting jobs
What is the highest paying accounting field?
The top-paying industries for accountants include finance and insurance, management of companies and enterprises, tax preparation, and the government.
Can accountants make 100k?
Yes, you can make $100,000 per year as an accountant. While possible, it is unlikely to earn over $100k as an accountant because even higher-paid positions do not typically earn more than $69,000 per year. The average annual salary for an accountant is $52,965.
How difficult is accounting?
While accounting does require a complex set of skills and abilities, as well as excellent attention to detail, it really isn’t any more difficult than many of the other popular fields of study that lead to excellent lifelong career opportunities.
What degrees are best for accounting?
A BS in accounting is the building block for all accounting career paths and it’s the starting point to a successful career into public, private, governmental, or non-profit accounting. Graduates from bachelor programs are equipped to become staff accountants, tax accountants, auditors, and many other jobs.