1. Home: Explore careers
  2. Management accountant

Management accountant

Alternative titles for this job include

Management accountants look after a company's finances and find ways to improve profitability.

Average salary (a year)

£25,000 Starter

to

£100,000 Experienced

Typical hours (a week)

37 to 39 a week

You could work

between 8am and 6pm

Find out more about jobs in this group

See which sectors you’ll find this job in, what qualifications you need to work in this area and if these types of jobs are going up or going down. This information can help you make good career decisions.

Explore job trends for this group.

How to become

Explore the different ways to get into this role.

How to become a management accountant

You can get into this job through:

  • a university course
  • an apprenticeship
  • getting a professional qualification

University

You could take an accountancy degree and then further professional training to qualify. Degrees include:

  • accountancy
  • accounting and finance
  • business and management

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

More Information

Apprenticeship

You could get into this job through an accountancy and taxation professional degree apprenticeship. This is at level 7, which is equivalent to a master's qualification.

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 degree apprenticeship

More Information

Other Routes

To become an accountant, you must complete training with one of the professional accountancy bodies. Although each professional body includes some company financial management in their training, many management accountants choose to qualify with the Chartered Institute of Management Accountants (CIMA).

CIMA training involves 2 stages:

  • CIMA Certificate in Business Accounting – an entry-level qualification, with 5 exams
  • CIMA Professional Qualification – the second stage of training, with 12 exams

Your starting point will depend on your previous qualifications and work experience.

You do not need any set qualifications to begin studying for the CIMA Certificate in Business Accounting, although you'll need a good standard of maths and English. You can study full time, part time or by distance learning.

To move on to the Professional Qualification, you'll need to complete the Certificate or already hold a relevant qualification, recognised by CIMA, which gives exemptions to some of the exams. Relevant qualifications include:

  • an accountancy or business-related degree or postgraduate qualification
  • Association of Accounting Technicians (AAT) Technician level
  • a professional qualification from another accountancy body

Some management accountants choose to train with the Association of Certified Chartered Accountants (ACCA), taking the business management modules instead of audit and taxation options in the final part of their training.

The Institute of Financial Accountants (IFA) offers training in financial management. Training is at Technician, Associate and Fellow levels, but not to chartered level.

More Information

Career tips

Experience of working in a finance role will help you to get into this career. Many large accountancy firms run insight days and offer shadowing opportunities, where you can see how the industry works.

Further information

You can find out more about working and training in accountancy from the Chartered Institute of Management Accountants.

What it takes

Find out what skills you’ll use in this role.

What it takes

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
  • the ability to use your initiative
  • to have a thorough understanding of computer systems and applications

What you’ll do

Discover the day to day tasks you’ll do in this role.

What you'll do

Day-to-day tasks

You could:

  • prepare financial statements and accounts
  • monitor spending and budgets
  • analyse the company's financial performance
  • forecast and plan future spending and profits
  • recommend ways to reduce costs and increase profits
  • make business decisions
  • audit departments in your company
  • prepare company reports for outside organisations
  • manage a team of accountants
  • oversee the company's payroll, credit control and bookkeeping systems

Working environment

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

Career path and progression

Look at progression in this role and similar opportunities.

Career path and progression

With experience, you could become a senior manager or finance director, or the chief executive of a company. You could also become a self-employed management consultant.

You could offer accountancy services in private practice if you register with CIMA.

Current opportunities

Find apprenticeships, courses and jobs available near you.

Current opportunities

Apprenticeships In England

Accounts Apprentice (level 7)

  • Wage: £19,000.00 Annually
  • Location: Bristol

Junior Accountant Apprentice ACCA

  • Wage: £288.19 Weekly
  • Location: London

Courses In England

Are you interested in becoming a management accountant?

Search for training courses near you.

Jobs In the United Kingdom

The Find a job service can help you with your search for jobs and send alerts when new jobs become available.

Skills assessment

Take an assessment to learn more about your skills and the careers that might suit you.

Is this page useful?

Yes No

Thank you for your feedback.

Thank you for your feedback. Click here if you'd like to let us know how we can improve the service.