Oil industry and accountants enjoying salary growth
The latest Oil and Gas Global Salary Guide shows that full-time professionals in the industry saw an 8.5 per cent rise in pay last year, with UK employees earning an average of £55,850 a year, more than twice the national salary average.
Day rates for engineers and managers contracted to work in the North Sea now average £540 per day and for director-level contractors the figure rises to around £900 per day.
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Hide AdMatt Underhill, managing director of Hays Oil & Gas, which compiled the report with Oil and Gas Job Search, said the figures reflected a “strong and confident industry”. “There are now tremendous opportunities for new graduates and candidates with transferable skills to enter a buoyant and rewarding industry,” he said.
A survey by financial recruitment firm Marks Sattin found the average salary of accountants has risen by 5 per cent in the past year, from £60,788 into £64,022. Average bonuses were £11,012, exceeding expectations by £1,409.
Dave Way, managing director of Marks Sattin, said it was the third year in a row of “solid, above inflation, pay growth” and demonstrated the “resilience of accountancy as a profession”.