A third of accountants believe their employer does not value them, compared with less than 20 per cent of planners who reported feeling undervalued by their boss.
Data from the Money Management Salary Survey also found that 25 per cent of accountants believed that clients undervalued their services, citing it as the one of the biggest impediments to them obtaining the salaries they believed they deserved for their current role.
A further 32 per cent of accountants reported that a lack of opportunity was the main factor preventing them earning the income they wanted.
The survey revealed that a third of accountants reported a salary of less than $70,000 a year, while 13 per cent of planners, and 46 per cent of paraplanners, said they earned less than $70,000.
At the higher end of the salary spectrum, 11 per cent of respondents reported earning more than $190,000 per annum, however none reported taking home more than $500,000. While the same proportion of planners claimed salaries over $190,000, with one per cent saying they earned more than $500,000.
The survey found that accountants were significantly more likely to be actively looking for a new role or at least “available to offers” (70 per cent), than planners (42 per cent).
Data from the survey also revealed that a higher proportion of accountants reported holding a Masters (19 per cent) or Post Grad (23 per cent) compared to planner respondents, 12 per cent of whom reported having a Masters and 13 per cent a Post Grad.
A further 55 per cent of accountants said they had a Bachelor’s degree in Finance/Accounting/Economics, compared with just over a quarter of planner respondents.
