What factors influence the salary of an Accounts Payable Manager?
A seasoned Accounts Payable Manager with extensive experience, especially those with over 5 years in the role, often commands higher salaries due to their expertise in managing complex financial operations and teams.
Qualifications
For an Accounts Payable Manager looking to enhance their earning potential, pursuing advanced qualifications, such as AAT, CIMA, or ACCA, can be beneficial. Additionally, continuous learning through workshops, seminars, and staying abreast of industry trends can also contribute to a higher accounts payable manager salary.
Company size
Larger companies tend to have more complex financial operations and higher budgets, which can result in competitive salaries for their Accounts Payable Managers.
An Accounts Payable Manager in a medium enterprise (with a headcount of 50 – 250) in London can offer a salary range of £40,000 – £55,000, whereas a large enterprise (with a headcount of 250+) can offer a salary range of £45,000 – £60,000.
Location
Salaries are typically higher in major UK cities where the cost of living is elevated, and the demand is greater. For example, an Accounts Payable Manager salary London might range between £40,000 and £60,000, whereas those working in Merseyside might earn between £32,000 and £45,000.