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Do you have the right salary for a Financial Controller in Recruitment?

Do you have the right salary for a Financial Controller in Recruitment?

01 Aug 16:00 by Molly Hogan

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Do you have the right salary for a Financial Controller in Recruitment?


Salary reviews can be a little awkward, on both sides of the table. For employees, because it often feels “a little cheeky” asking your employer for more money. For employers, because you want to be creating a delicate balance between providing a competitive salary and not overpaying. 


Am I asking for too much? Am I paying too little?


This can be attributed to the fact that both employers and employees alike often don’t know what the going market rate is for a Financial Controller or a Finance Manager in their industry.


To reduce a little of this awkwardness, here is a “do-it-yourself” salary benchmarking overview of Financial Controllers and Finance Managers within the recruitment sector.


Case Studies

Here are a few case studies of candidates that Camino have worked with in the past twelve months, as a benchmark for what is currently appropriate for Financial Controllers and Finance Managers within the industry.


Group Financial Controller #1

Qualification: ACA Qualified

Company: £35m turnover, financial services recruitment firm.

Team Management: Managing a team of five.

Years of Experience: 20

Salary: £80,000/year


Financial Controller #2

Qualification: ACCA Qualified

Company: £60m turnover, multi-sector firm.

Team Management: Managing a team of thirteen.

Years of Experience: 10

Salary: £70,000/year


Financial Controller #3

Qualification: ACCA Qualified

Company: £30m turnover, healthcare recruitment firm.

Team Management: Manages a team of five and headed up several acquisitions within the business.

Years of Experience: 15

Salary: £63,000/year (incl. bonus)        

           

Financial Controller #4

Qualification: ACA Qualified

Company: £20m turnover, executive search firm.

Team Management: Managing a team of three.

Years of Experience: 8

Salary: £55,000/year


Financial Controller #5

Qualification: ACCA Qualified

Company: £90m turnover, multi-sector firm.

Team Management: None.

Years of Experience: 7

Salary: £51,000/year


Finance Manager #6

Qualification: ACCA Qualified

Company: £25m turnover education recruitment business – also comes from a big four background.

Team Management: Managing a team of 2.

Years of Experience: 5

Salary: £45,000/year


Conclusion

Naturally, these results demonstrate a very varied range of salaries around this level of role. To demand the higher end of a Financial Controller salary within a business, you would need to demonstrate most, if not all, of the following:

  • Company Size

  • Team Management Skills

    • Size and breadth of involvement with team

    • Probation reviews

    •  Conducting 1:1s

    • Hiring/firing of team

  • Achievements within role

    • Grew company from X to Y

    • Took part in an acquisition

    • Took part in a transaction

    • Implementing systems

  • Breadth of role

    • Taking on some FD responsibilities

    • Business partnering (with MD/CEO/Senior Sales Staff)


If you have reviewed your salary and found it wanting, get in touch. I'm always happy to give advice around salary and we could do so over a coffee!
molly@caminopartners.co.uk / 0203 805 5233

Similarly, check out our website to see what the job market is currently like for Financial Controllers and Finance Managers in Recruitment: https://www.caminopartners.co.uk/job-search