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Finance Salaries in Sri Lanka
- Thread starter don03
- Start date
oh yeah...believe me last week a cima passed finalist joined one insurance company from PWC for 15K . wat a shame
according to some top business tycoons in Sri lanka most of the companies have been advised by their directors to reduce the current minimum salary at least by 15% for new recruits, specially in the field of finance/accounting due to the excess supply at the moment. also there are signs of another financial crisis all over the world & in sri lanka in particular, which we will be able to confirm after this years budget.
CIMA ppl telling 50k is minimum just to promote their certification and earn more money from Students.
I know a Chartered Accountant working for 15k.
dats wat even i thought but they show it in a vedio where a lot of top ppl comment & agree on it like.. Dayan gomaz, Kishu gomaz,JKH,Brandix n all.. & they show it in each n every cima class
ill share the vid if i find itwat the hell 50K is not a big salary. its just the average salary of most of the top companies. u dnt need cima to earn 50K.
i think u r referring to charted accountant trainees.. they are lucky if they ger 15k cos in most cases it is an allowance less than 10k, nut they have to work their ass off during the training/intern
If He is a Chartered Accountant, Why should he works for 15k? he can start an Audit firm for practice , then at least he can earns around 75k per month(Net profit). since there are nearly 1500 members in Practice, Sri lanka have more than 50,000 companies to audit, both Private and PLC companies. So its not big deal to start an Audit firm and earn some good money, If he is A QUALIFIED Chartered Accountant(ACA).
anyway good thread
If He is a Chartered Accountant, Why should he works for 15k? he can start an Audit firm for practice , then at least he can earns around 75k per month(Net profit). since there are nearly 1500 members in Practice, Sri lanka have more than 50,000 companies to audit, both Private and PLC companies. So its not big deal to start an Audit firm and earn some good money, If he is A QUALIFIED Chartered Accountant(ACA).
anyway good thread
starting an audit firm, having quite a few companies to render your service and earn money are three different stages. You can't ride bicycles as soon as you got out of your mother's womb... and for audit firms, it will be always twins. because you can't register an audit firm as a sole propriety. It should be a partnership.
Highest paying Finance/Accounting Companies - Dialog Axiata(Specialist - around 80k + benifits),Aitken Spence, JKH,etc.
If He is a Chartered Accountant, Why should he works for 15k? he can start an Audit firm for practice , then at least he can earns around 75k per month(Net profit). since there are nearly 1500 members in Practice, Sri lanka have more than 50,000 companies to audit, both Private and PLC companies. So its not big deal to start an Audit firm and earn some good money, If he is A QUALIFIED Chartered Accountant(ACA).
anyway good thread
I feel like ppl tend to choose CFA over ACA cos there is a global demand for financial analysts.. & here in sl it is really hard to get a CFA for a job.. they have a mega demand & u must offer some abnormal packages to get one in, I knw a person who was offered almost 400K by one company here
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80k high? as the figures ive seen it must be at least 100k to call it a high salary at the mo
Well, IF you are an Chartered Accountant, then you got nearly 4 years experience about the field and auditing,and also it's a not big deal to find a compnies.. coz the institute of chartered Accountants of Sri lanka will help you on that matter. and ya.. its always partnership,in that case also institute helps you, i knw about it personally.
I feel like ppl tend to choose CFA over ACA cos there is a global demand for financial analysts.. & here in sl it is really hard to get a CFA for a job.. they have a mega demand & u must offer some abnormal packages to get one in, I knw a person who was offered almost 400K by one company here just to take the bugger in
CFA is considered as a postgraduate qualification. and it is one of the toughest qualification to have under your name. a single stage is comprised with 8+ papers and you have to get all at one go. if you got 1 paper down, sorry sir, you have to do all the subjects again...
but there are people who has got through CFA. they are considered elite in corporate world and almost all the blue chips are trying have an another or to retain who they have already got. but most of the times they fail.
Recent vacancy
[FONT=Verdana, sans-serif]SRI JAYAWARDENEPURA GENERAL HOSPITAL [/FONT]
[FONT=Verdana, sans-serif]VACANCY[/FONT]
[FONT=Verdana, sans-serif]POST OF ACCOUNTANT[/FONT]
[FONT=Verdana, sans-serif]ACA, ACCA or ACMA with 03 years post qualification experience [/FONT]
[FONT=Verdana, sans-serif]Salary Scale : [/FONT][FONT=Verdana, sans-serif]Rs. 49,620 – 16x1420 – 72,340/= p.m.[/FONT]
[FONT=Verdana, sans-serif][/FONT]
[FONT=Verdana, sans-serif]What you guys think???
[/FONT]
[FONT=Verdana, sans-serif]SRI JAYAWARDENEPURA GENERAL HOSPITAL [/FONT]
[FONT=Verdana, sans-serif]VACANCY[/FONT]
[FONT=Verdana, sans-serif]POST OF ACCOUNTANT[/FONT]
[FONT=Verdana, sans-serif]ACA, ACCA or ACMA with 03 years post qualification experience [/FONT]
[FONT=Verdana, sans-serif]Salary Scale : [/FONT][FONT=Verdana, sans-serif]Rs. 49,620 – 16x1420 – 72,340/= p.m.[/FONT]
[FONT=Verdana, sans-serif][/FONT]
[FONT=Verdana, sans-serif]What you guys think???
[/FONT]
True dat. My colleague at office who got 3As with a rank, Jpura Finance & accounting 1st class. ACMA, MBA. but the bugger failed CFA few times
but no harm office pays. otherwise over 100K for an exam
almost all the milanka companies adjust their salary scales competitively. they do market analysis at least once a year on salaries. they all believe that the best capital you can have is the human capital. on the other hand applicants will have go through a relatively tough selection and recruitment process before joining these companies...
finace is a vast area. you can't be a trainee accountant. you have to start your career moderately. all the respected corporate personnel have started their career with humble beginnings.
after a company recruits you, it's your job. you will have to earn every thing. no employer is liable to give you increments at regular intervals.
after all, attitude is everything. without them you can't go single step ahead. first do your job. always try to do it better next time. if that's the attitude you have, no one can stop increments, promotions following you...
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