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Contractor accountants of the future optimistic about their prospects

Contractor accountants of the future optimistic about their prospects

Accountancy students, the online accountants of the future, are feeling confident about their future employment prospects despite the constrained jobs market and tough economic climate, according to a study carried out by CIMA.

The Institute found that more than 90% of CIMA students are confident that their job is secure, at least for the remainder of 2011. Furthermore, 60% are optimistic enough to think about changing jobs within the next couple of years.

CIMA accountants expect their salary to rise by 6% over the next two years, despite wage inflation in the UK currently just 2%. The majority of students who responded to the survey think we’ve seen the worst of the cutbacks and 27% believe hiring will increase this year.

David Rowsby, CIMA’s regional director for Europe, said finance students are confident that they have strong qualifications which have a unique focus on business. With economic uncertainty continuing in many parts of the world, students think a professional accountancy qualification from CIMA is the best way to forge a career in the global environment, he added.

The survey also found that 57% of accountants in the UK are happy with their salary, but more than 50% of respondents expect to receive an increase within the next 12 months.

The high level of confidence in job security amongst accountancy students may well be justified as demand for qualified finance professionals soared last month.

According to the Reed Job Index, demand for qualified accountants registered 134 last month, compared to 127 the previous month. However, in real terms, salaries have dropped since December 2009 registering 98 – 2 points under the 100 point baseline.

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Image: Sunshine by aussiegall

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