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Salaries get stuck

Karen M. Kroll | May 10, 2011
Wondering just how much you're worth? If so, the Robert Walters Salary Survey 2011 could provide some answers.

Wondering just how much you're worth? If so, the Robert Walters Salary Survey 2011 could provide some answers. The survey covers finance and accounting positions in the UK, Europe, the Americas, Asia-Pacific and South Africa. Robert Walters is a New York-based recruitment consultancy with offices in 20 countries.

A few highlights from the U.S.:

* For the most part, base salaries didn't budge from their 2010 levels. The salary range for managers of international tax, for instance, held steady at $175,000 to $250,000. Senior internal auditors remained in the range of $80,000 to $120,000.

* One exception to the above: the legal and compliance areas. As the survey notes, "Firms are strengthening their compliance programs to prepare for the flood of legislation expected to come their way." As a result, many compliance-related positions are boosting their pay, at least a bit. Managing directors or global heads of compliance are earning between $260,000 to $525,000, up from $250,000 to $500,000 in 2010. Directors of anti-money-laundering functions are getting $180,000 to $260,000, compared with $175,000 to $250,000 last year.

* What's more, Robert Walters expects hiring to pick up this year. "We expect to see a rise in hiring activity during the second half of 2011 as the economic recovery gains traction," it says.

In many parts of the world, cautious optimism seemed to prevail. In London, for instance, the firm anticipates "continued recruitment growth during 2011." Core finance roles will remain in highest demand, although businesses are expected to look for "commercially-focused candidates who can add value to the business and drive growth as market confidence rises."

Likewise, in Germany, total compensation levels are expected to rise slightly this year, although bonuses are more likely to increase than base salaries. Finance candidates with expertise in internal control are expected to be in high demand.

Job candidates in Hong Kong were a bit more fortunate. Financial controllers for large organizations were bumped to between $HK1 million and $HK1.5 million, up from $HK950,000 to $HK1.2 million in 2010. Salaries for management accountants jumped about 16%, to between $HK350,000 and $HK450,000.

Demand for many positions within finance and accounting in Sao Paulo, Brazil, also jumped, as businesses tried to bolster their strength in auditing, financial planning and analysis, and treasury. However, the survey didn't provide year-over-year salary comparisons.

Interested in even more salary stats? You also can check out Robert Half's Global Financial Salary Guide 2010 to 2011, prepared by Robert Half Finance & Accounting, a Menlo Park, Calif.-based recruitment service.


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