what are the salaries and exit prospects of Auditors?
How do they differ from other accountants?
is the National Audit scheme good?
Audit career watch
- Thread Starter
- 23-04-2016 22:28
- 23-04-2016 22:43
Princepieman we need your help again
Offline21ReputationRep:TSR Support Team
- TSR Support Team
- 24-04-2016 00:38
Audit is pretty good as a career. If you start off at a Big4, you'll have a bucket load of career routes to choose from upon ACA qualification. This could mean going straight into industry as a junior controller, going into an internal audit position, being a fund accountant at an HF, or even getting a gig within a normal corporate finance segment of a bog-standard company.
Alternatively, you could stop off in the Corporate Finance division of a Big4 before bouncing into high finance (PE, IB, ER, AM etc).
There's always the route of sticking around to see out the full career, with hope of making partner. Either in Audit, or by lateraling into some other section (Advisory, Consulting etc)
Audit is all about going to a client and ensuring their financials are compliant vs say a tax accountant helping structure tax deals/minimise liability etc.
Management accountants are really just corporate finance employees at the end of the day.
Not clued up on NAO, but I assume it's basically public audit on government entities rather than private sector clients.
Only have numbers for Big4:
In London, B4 Audit is ~£29-30k starting, rising to £45-50k upon qualification. Maybe a tad more if you move into industry.
Outside London, B4 Audit is ~£20-25k (depending on location) and qualification is more £35-40k.
I imagine the exit opps drop off substantially outside of the Big4 firms but I may be wrong - someone else can chime in on that front.
Bear in mind hours can peak to 80+ in busy season, so you will work very hard.
- 24-04-2016 00:55
- Thread Starter
- 24-04-2016 01:00
I already thanked him in my first post, thank you for reminding me