What are you looking for

£30,000 Starter

Average salary (a year)

£60,000 Experienced

Average salary (a year)

37 to 39 a week

Typical hours (a week)

How to become

Explore the different ways to get into this job

You can get into this job through:

  • a university course
  • an apprenticeship
  • combining work with studying a professional qualification

University

You could do a degree in any subject then apply for a place on a graduate training scheme to work towards a professional accountancy qualification.

If you want to take a more focused route onto a graduate scheme, you could study for an accountancy related degree, like:

  • accountancy
  • accounting and finance
  • business and management
  • maths

Some degree courses may give you exemptions from certain professional accountancy training modules.

Entry requirements

You'll usually need:

  • 2 to 3 A levels, or equivalent, for a degree
  • 4 or 5 GCSEs at grades 9 to 4 (A* to C), or equivalent, including English and maths

Apprenticeship

You could take your first steps towards a career as a management accountant by applying for place on an apprenticeship, such as:

  • Professional Accountancy or Taxation Technician Level 4 Higher Apprenticeship
  • Accountancy and Taxation Professional Level 7 Apprenticeship

Entry requirements

You'll usually need:

  • 4 or 5 GCSEs at grades 9 to 4 (A* to C) and A levels, or equivalent, for a higher or degree apprenticeship

Other Routes

To become a qualified management accountant, you could train with a professional body, for example:

They all have different entry requirements and ways to qualify, so it's important to check with them which is the right route for you. If you already have relevant accounting or business-related qualifications, you may be able to qualify in a shorter time.

What it takes

Find out what skills you will use in this role

Skills and knowledge

You'll need:

  • knowledge of economics and accounting
  • maths knowledge
  • to be thorough and pay attention to detail
  • administration skills
  • analytical thinking skills
  • the ability to work well with others
  • ambition and a desire to succeed
  • excellent verbal communication skills
  • to have a thorough understanding of computer systems and applications

What you will do

Discover the day to day takes you'll do in this role

Day-to-day tasks

As a management accountant, you could:

  • prepare financial statements and accounts
  • monitor spending and budgets
  • analyse the company's financial performance
  • make business decisions
  • audit departments in your company
  • forecast and plan future spending and ways to reduce costs

Working environment

You could work at a client's business or in an office.

Career path and profession

Look at progression in this role and similar opportunities

With experience, you could become a:

  • finance manager
  • chief financial officer
  • finance director
  • chief executive

You might also become a self-employed management consultant or work as a financial business analyst.

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