Management accounting skills in demand in Grimsby

Member of the Chartered Institute of Management Accountants (CIMA) in the region of Yorkshire and Humber won almost double the national average wage in the UK in 2015.

Higher wages

CIMA members earned an average base salary of £ 53,025 last year, almost double the average salary of £ 27,000 in the UK.

Over 50% of CIMA students in the region of Yorkshire and Humber will also receive a bonus last year, which is 6% of their annual salary. Those who are qualified receive a higher bonus of 7%.

CIMA CEO Andrew Harding FCMA, CGMA, said the revenue potential of the members of the professional body in Grimsby remained at a high level, "driven by the importance and value of their business knowledge."

Strong demand and opportunities

Harding added that there is a strong demand continues in management accounting skills that companies seek greater support in decision-making.

"Companies in Grimsby know the benefit of strong skills in management accounting value of conduct and risk management and, therefore, management accountants increasingly sought - and received higher pay accordingly," he said.

Management accountants in Yorkshire and Humber are unsure about their career prospects, with more than half of the intention to change jobs in the next two years and 5% planning to seek employment abroad.

Harding addressed this, saying that the business is "growing world" and that the opportunity to work across different cultures is a "very valuable skill."