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Helping you find a career in the management accountant industry
The job of a management accountant is to help companies make good planning and commercial decisions by giving them financial information and performing account administration.
Develope plans to increase each shareholder's investments
What skills and interests should an Management accountant have?
Verbal and written communication
Working interdependently
Analytical skills
Mathematical skills
Attention to detail
Excellent knowledge of business
What hours does a Management accountant typically do?
Management accountants typically work 9am to 5pm, Monday to Friday, but may have to work extra hours towards the end of the month and end of the year, when accounts are most important.
What environment is a Management accountant based in?
Most of your time will be spent in an office.
How much does a Management accountant travel?
Although you will be working in an office, you can expect some travel to various meetings. For those working in a multinational company there may be opportunities to work abroad.
How much does a Management accountant get paid?
Trainee management accountants can expect to earn between £21,000 and £26,000 a year, increasing to between £30,000 and £45,000 once you become qualified.
Those who go on to reach a senior level can expect between £60,000 and £100,000 a year, with additional bonuses.
Perks & benefits
Many companies offer bonuses to management accountants for good performance. These can further supplement your income.
In addition to this, management accountants are always in demand, so your job security will be high.
What qualifications does a Management accountant need?
There are no official education requirements to become a management accountant and there are pathways for school leavers as well as graduates.
School leavers are able to complete a CIMA Certificate in Business Accounting.
For those who come from university, most large companies have graduate schemes which take graduates from any discipline provided they have achieved at least a 2:1.
However, regardless of your route into the profession, all management accountants must at least be working towards, if not already in possession of, professional accountancy qualifications.
Useful subjects to study at school & university
Accountancy
Mathematics
Management
Business
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