Accountant - Industry and Commerce

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Accountants in industry and commerce, often known as management accountants, carry out a wide range of financial duties within the companies they work for. They help manage a company’s finances and look for ways to improve profits.

The Work

You could be:


The figures below are only a guide. Actual pay rates may vary, depending on:

Trainee accountants earn between £19,000 and £25,000 a year depending on their stage of training. The starting salary for graduate trainee accountants in industry and commerce is between around £23,000 to £28,000 a year.

Part qualified industrial and commercial accountants earn between £28,000 and £40,000 a year. Qualified industrial and commercial accountants, working at a senior level, earn between £46,000 and £76,000 a year. The average salary in the UK is £62,000. 

High earners, such as Chief Executive Officers and Managing Directors can earn in excess of £100,000.

Salaries can be increased further with bonus schemes.


Employment Status UK %

Past Unemployment

Year Unemployed

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Getting In

Training places with accountancy firms are usually advertised in the press and on the websites of professional bodies. You apply directly to the firms of your choice. Details of firms offering traineeships are on the website of the Chartered Institute of Management Accountants (CIMA). Posts are advertised in the press, on employers' websites and on the CIMA website.

Predicted Employment in Scotland

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What Does it Take?

You need to have:

You need to be able to:


Getting On

More Information

Job prospects are very good. Many company directors and chief executives start off as management accountants.

Some people enter this as a second career. Individual accountancy professional bodies may have special training schemes for these applicants. You should check this with the association or institute concerned.

The big 4 accountancy firms, Deloitte, Ernst and Young, KPMG and PricewaterhouseCoopers, offer a range of recruitment schemes for school leavers, students at university and graduates. See their websites for details about eligibility and applications.

In addition there are also lots of smaller accountancy firms that may have opportunities. You can check recruitment websites and the job sections of many of the accountancy institutions listed below under the Contacts section.


The following organisations may be able to provide further information.

Association of Accounting Technicians (AAT)
Tel: 020 3735 2434
Twitter: @YourAAT

Association of Chartered Certified Accountants (ACCA)
Tel: 0141 582 2000
Website (2):
Twitter: @ACCANews

Association of International Accountants (AIA)
Tel: 0191 493 0277
Twitter: @AIA1928

Chartered Institute of Management Accountants (CIMA)
Tel: 020 8849 2251
Twitter: @CIMA_UK_News

Chartered Institute of Public Finance and Accountancy (CIPFA) Scotland
Tel: 0131 221 8640
Website (2):
Twitter: @CIPFA

CIPFA has an online recruitment service that enables job seekers to complete a single online application form or to upload a CV that can be considered by employers throughout the UK.

Institute of Chartered Accountants of Scotland (ICAS)
Tel: 0131 347 0186

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