Financial Accountant - Pay and progression
Kaiwhakahaere Pūtea
Pay
Industry sources indicate that pay for financial accountants varies depending on the region and their level of experience.
Salaries for financial accountants working in New Zealand (2008)| Job title | Salary of lowest-paid 25% | Average gross salary | Salary of highest-paid 25% |
|---|
| Assistant accountants | $48,150 | $52,314 | $59,962 |
Newly qualified accountants
(with a university or NZICA qualification) | $46,754 | $56,374 | $63,166 |
Accountants with five years' experience
(but no tertiary qualification) | $50,578 | $60,394 | $67,259 |
| Qualified accountants with one to five years' experience | $62,400 | $73,282 | $83,417 |
Qualified accountants with more than
five years' experience | $76,650 | $90,120 | $97,931 |
Other salary information for financial accountants
New Zealand Institute of Chartered Accountants website - remuneration surveys
Source: Department of Labour, Jobs and Tertiary Education Indicator Tool.
People with accounting qualifications are in high demand and most receive good salaries
According to the 2006 Census, financial accountants earned an average of $64,000 a year and worked an average of 38 hours per week. This includes full and part-time workers.
This information is provided as a guide only
Career Progression
Financial accountants are required to think strategically and understand how businesses work. This experience gives them a good grounding to progress into business management.
Many financial accountants go on to work in:
- auditing
- financial planning
- information technology
- management
- policy analysis
- sharebroking.
Updated
September 2009
