Typical Career Progression
| |
Position |
Remuneration Private Sector |
Experience |
Education |
| Start Position |
Consultant |
$50k to $70k |
1 to 3 years |
Degree with qualification in progress |
| 1st Promotion |
Senior Consultant |
$70k to $95k |
3 to 5 years |
Degree and qualified |
| 2nd Promotion |
Manager |
$95k to $140k |
5 to 7 years |
Degree and Qualified |
| 3rd Promotion |
Senior manager |
$120k to $160k |
7 to 9 years |
Postgraduate degree and qualified |
| 4th Promotion |
Director |
$180k to $250k |
10+ years |
Postgraduate degree and qualified |
| 5th Promotion |
Partner |
More |
10+ years |
Postgraduate degree and qualified |
Figures are averages only, any individual may experience higher or lower salaries depending on their state of employment, abilities, responsibilities, and working hours. (Source: Michael Page Salary Survey 2008/2009)
Typical accountabilities and responsibilities
|
Audit Consultant
|
Assists audit activities for a range of the client's & looks to improve client's accounting and internal control system; participates in the international and statutory audit engagements. |
Senior Audit Consultant
|
Helps manage statutory and international audit assignments, discussions with client's management; proposes solutions for complex accounting issues, holds responsibility for the audit of the most challenging areas of the client's business. |
Audit Manager
|
Responsible for a client portfolio; maintaining efficient relationship with client management; expand client base and promoting new business areas; staff development; manages key projects. |
Senior Audit manager
|
As per manager only bigger portfolio or larger clients; more staff reports and larger project management |
Director
|
Key developer of company strategic product offering; manages challenging projects; business development responsibility; expanding relationship with the existing and potential clients. |
Partner
|
A co-owner of the firm who manages its practice and is responsible for business and personnel development. |
Responsibilities vary according to industry type, seniority of position and company structure.
Career Options Available
Once you’re qualified, there are numerous career opportunities available. Apart from the specialisations mentioned above, there are related careers your accounting background is well suited to. These include a career in the financial markets, economics, foreign exchange or financial analysis, or perhaps as a company secretary or actuary. There are also opportunities to work for clients on a freelance basis, become a partner in an established accountancy firm or become self-employed by starting up your own accountancy firm.
About the Author
Andrew O’Malley
Partner - Kindle Partners
Kindle Partners provides a comprehensive range of business advisory, accounting and taxation services to our local, national and international clients. These include advice relating to superannuation, cashflow analysis and projections, finance or equity raising assistance, profitability analysis and restructuring assistance. We are also involved in all facets of asset protection, effective tax structures, business and strategic planning, business reviews, business valuations and maximisation of returns. Our mission is to provide our clients with the tools and inspiration to create and maintain a successful business in today's challenging climate.
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