SURVEY

ACCA members in Russia

salary survey

acca members in Russia salary survey 1

ACCA members in Russia salary survey

In September 2009 Michael Page recruiters conducted a survey among their clients – candidates and employers – in Russia.
Some of the results were used by ACCA in its article ‘Eastern Europe: a perfect fit?’ (See Student Accountant 09/2009,
pp.45–47). According to Michael Page ‘the most actively recruiting organizations are from alcohol, tobacco and pharmaceutical
industries. Real estate companies, investment banks, business services, technology and consulting firms do not seem to be
recruiting. ACCA members are considered for roles such as financial controller – liaising with head offices and translating
Russian financial statements into internationally recognized formats. They get recruited for jobs that are more focused on
long-term strategy… It is quite possible for ACCA members to make finance manager of a mid-sized company in their late 20s.
And some of them in their early 30s reach FD level within Russian subsidiaries of global companies.’

These results inspirited ACCA Russia to conduct its own
salary survey among its members which was done in October
2009. ACCA Russia’s survey partly confirmed Michael Page’s
conclusions. Here is a brief summary of the survey:
More than 150 ACCA members from different companies took
part in the survey.
According to those who took part in the survey, the most
popular position for an ACCA member is financial or other
type of manager (31%) or head of department (21%). There
is a good number of financial directors (15%) as well. Most
respondents (44%) have been working in their current position
for 1–3 years and 37% have been working over three years
at the same place. ACCA members in Russia appear to be
successfully working through the global economic conditions –
most of them did not lose or change their jobs.
The most popular age is under 35 years. A typical monthly
compensation is 100–150,000 RUR (28%) or 150–200,000
RUR (26%). Salary increases in 2009 were minimal and
50% did not earn any salary increase and (5–10%) grew
insignifianctly because of the global economic conditions. The
only negative point here is that their salaries in euro or US
dollar equivalent diminished because these currencies grew
significantly (by 40%) over 2008–2009.
The vast majority of respondents (82%) are satisfied with their
choice of accountancy as a career. More than half (almost
60%) would not agree to reduce their salary in exchange for
different lifestyle packages and benefits.
On the whole, the survey reveals rather an optimistic picture
for ACCA members in spite of the general recession in
Russian economy.

The most popular working sectors are audit (29%), consulting A more detailed summary of the survey follows.
(15%) and extractive industries (11%).

acca members in Russia salary survey 2

Detailed summary

Salary size Career satisfaction

According to the survey results, respondent’s earnings are Most of our members (82%) are satisfied with their choice
as follows: of career.

27.8% 100–150,000 RUR

25.8% 150–200,000 RUR Work-life balance
17.9% 200–250,000 RUR The majority (almost 59%) of respondents would not agree
8.6% 250–300,000 RUR to reduce salary in exchange for lifestyle benefits. However,
4.6% 300–350,000 RUR a significant number of respondents appear ready to sacrifice
7.9% Over 350,000 RUR their salary for having more free time.
7.3% have monthly net compensation less than 100,000 RUR.

Salary growth
More than half of respondents (50.4%) did not have any
salary increase in 2009
20.6% said their salary grew by 10%
15.6% said their salary grew by 5%
7.1% said their salary grew by 15%
6.4% said their salary grew by 20%
Only five respondents (3.3%) reported a decrease in salary.
Six respondents (4%) reported a 20% (up to 100%) increase in
salary, often due to promotion or change of job.

What is your monthly net compensation (RUR)? how did your salary grow in 2009 (%)?

Under 100,000 7.3% 0% 50.4%

100–150,000 27.8% 5% 15.6%

150–200,000 25.8% 10% 20.6%

200–250,000 17.9% 15% 7.1%

250–300,000 8.6% 20% 6.4%

300–350,000 4.6%

Over 350,000 7.9%

are you satisfied with your choice of accountancy as a career?

Yes 82%

No 18%

Would you be willing to reduce your salary for a better quality of life
(eg having more free time, flexible hours etc)?

Yes 41%

No 59%

acca members in Russia salary survey 3

 Detailed summary

Work experience Job roles

Most respondents (44%) have been working in their current
position for 1–3 years. Significant numbers of respondents
(37.3%) have been in the same roles for over three years. Less
then 20% have been working in their current position for less
than one year.
Working sectors
Most of the respondents work in audit (29.1%) and consulting
(15.2%). The next four most popular sectors are extractive
industries (10.6%) banking (6.6%), telecommunications (6%)
and food industry (4%).
Gender
A slightly bigger number (54%) of female members took part in
the survey.
Age
Members who are under 35 make 71% of the total number
of respondents.
ACCA members most often describe their job position as:
Manager/senior manager/
tax/audit/finance manager 45 respondents (31%)
Heads of departments
(audit, tax, IFRS etc) 31 respondents (21%)
Financial director/CFO 22 respondents (15%)
Director/Deputy/Associate director/
Vice president 12 respondents (8%)
Auditor/senior auditor 7 respondents (5%)
Financial controller 7
Consultant/senior consultant 5
Analyst/Senior analyst 3
Associate 3
Partner 2
Chief accountant 2
Assistant 1
Chief economist 1
Investment officer 1
Project management team – project controls 1
Senior lecturer 1

what is your work experience in this position? Where do you work?

Less than one year 18.7% Alcohol or tobacco industry 1.3%

One to three years 44% Media 1.3%

More than three years 37.3% Pharmaceutical industry 2%

Chemical industries 2%

Metallurgy 2%

Transport 2.6%

Gender Real estate 3.3%

manufacturing industries 3.3%

Male 46% Retail sector 3.3%

Female 54% Food industry 4%

Telecommunications 6%

Banking 6.6%

Other (please specify) 7.3%

Your age
Extractive industries 10.6%

Consulting 15.2%
Under 30 32.5%
Audit 29.1%
30–35 38.4%

35–40 21.9%

Over 40 7.3%

acca members in Russia salary survey 4

 The information contained in this publication is provided for general purposes only. While every effort has been made to ensure that the information is accurate and up to
date at the time of going to press, ACCA accepts no responsibility for any loss which may arise from information contained in this publication. No part of this publication may
be reproduced, in any format, without prior written permission of ACCA. © ACCA November 2009.

ACCA Russia
107045 Moscow

acca members in Russia salary survey

Daev per 20 Room 406
tel/fax: +7 495 737 55 42
www.russia.accaglobal.com