This is a very large professional sector by numbers working in the industry. There are reportedly over 300,000 chartered accountants working in the UK. Such levels are sustained by the need for qualified professionals to be resident within small medium sized and larger companies across all industry sectors, while the tendency for the UK to encourage entrepreneurship keeps specialist accountancy firms very busy supporting start-ups. Increased regulatory-driven auditing and increased focus on ‘good governance’ drives the need for large teams of consultants to provide corporate services making the larger accountancy firms more and more profitable. Widely regarded as a bellwether for the UK economy – when their clients do well, the firms do well – the accountancy sector has recorded solid growth in fee income over the past 12 months, with many senior partners now preparing for further demands on their skills across the board.
The general outlook for Accounting professionals in the UK is therefore strong indeed. The sector weathered the recessionary storms of recent years, emerging a couple of years ago in a healthy position and 2015 saw businesses re‑investing in permanent recruitment and in the development and capabilities of their wider teams. With the prevailing climate of economic uncertainty temporary positions also became more significant in number. In 2016 the demand for newly qualified accountants continues to grow across all sectors. In fact there is a noticeable lack of supply of qualified new blood in the industry caused by reduced numbers of professionals reaching newly qualified status during the recession. As a result, 2016 should see continued pay inflation in this area, as well as within part qualified accountancy.
The following specialist skills are very much in demand:
BCT Resourcing sees a constant demand for professionals skilled in accountancy and consistently has numerous vacancies available in this buoyant sector.
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