In recent news, the average salary for a chartered accountant in Ireland now exceeds €106,000. This sum is higher than in many countries around the world, which makes Ireland a great place to work if you have a degree from anywhere such as Maryville University in the United States, or schools of business throughout the United Kingdom or the EU.
Drawing Accounting Talent from the U.S.
By comparison, Irish chartered accountants make a better wage than U.S. certified public accountants. According to the United States Bureau of Labor Statistics, BLS, the average accountant in that country earns approximately €63,000 per year. Ireland is seeing an influx of American accountants seeking positions with Irish firms, largely due to higher wages. Ireland is also seeing accountants seek jobs from several countries within the EU, also because of higher salaries now being offered in Ireland.
Studying for an Accounting Degree Online
While many schools now offer online accounting courses, a great number of American universities offer degree programs online. As the country with the majority of high ranking accounting and business schools, Irish students are also choosing to study for an online accounting degree in the United States while remaining at home in the UK. At one point in time, this may not have been logical, but with the rise of global e-commerce, accountants need to be well versed in international tax laws.
Experience Gives Rise to Higher Salaries
When looking at the average salary for a chartered accountant in Ireland, the one thing which is important to understand is that pay grades reflect years in the business and experience. Although the average salary for a chartered accountant tops €106,000 annually, a recently qualified accountant may only bring in about €57,000 per year. Even so, Ireland has a better rate than in many western countries and this is why accountants who have qualified around the globe are being drawn here.
Perks of the Job
In a survey of Irish chartered accountants, most respondents reported that benefits packages were among the best in the corporate world. Many are given a car allowance and generous bonuses. Others are seeing promotions and pay raises within just the first year or two post-qualification. One of the major draws is the future for accountants in Ireland is the prospect of employment going forward is better than average. Some sectors are seeing a decline in employment, but accountants don’t fall into that realm.
According to Oliver Holt who is Director of Financial Reporting Services in Ireland, this industry is the largest employer in Ireland and there is every reason to believe that the trend will continue. There is still a shortage of qualified accountants, which makes future job prospects even better. Training vacancies are on the rise and students studying abroad are finding it easier than ever to find jobs within the accounting field. With salaries higher than those in other countries and great job security, it is no wonder that Ireland is drawing qualified individuals from around the world. Indeed, chartered accountants salaries in Ireland are a global draw.
