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CA remuneration grows as gender pay gap stretches to 30%

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CA remuneration grows as gender pay gap stretches to 30%

Chartered accountants in Sydney receive up to 21 per cent more than their counterparts across Australia, as remuneration for CAs continue to rise across the country.

Business Reporter 28 March 2019
— 1 minute read

The latest Chartered Accountants Australia and New Zealand remuneration survey has found that the median total remuneration of Australian members have increased by at least 3 per cent since 2017.

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The survey was based off 10,500 CA members including provisional CAs, Accounting Technicians and Associate Chartered Accountants.

Sydney-based CAs command the highest average remuneration at $201,009, ahead of the average $175,000 across the country.

The survey also revealed that accountants working in the corporate sector remain the highest paid at an average of $205,097, well ahead of those in public practice such as the big four firms at $148,133.

CAs with less than 10 years’ experience saw the greatest growth in remuneration in percentage terms, while provisional CAs had the largest increase.

Apart from salary expectations, the next most important workplace factor was job flexibility such as flexible hours, with 67 per cent of respondents indicating so.

Workplace culture was the next most important factor at 24 per cent, followed by training and learning new skills at 20 per cent, with career development and work life balance rounding up the top five factors beyond remuneration.

The least important workplace factors included type of work, social aspects, time off and job satisfaction – all rated as important by 3 per cent of respondents.

Gender pay gap

The survey results have reinforced previous findings around the gender pay gap with the average male CA earning a third more than their female counterpart.

“While it is reducing, it remains too large,” said CA ANZ group executive member engagement Mark Rice.

“Some of the gap can be explained by roles, the number of direct reports, experience and hours worked. Twenty to thirty years ago, more men entered accounting than women and the most experienced accountants are the ones with the highest remuneration.

“But it is hard to find a defense for around 30 per cent of the difference.”

 

CA remuneration grows as gender pay gap stretches to 30%
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