CIMA - Chartered Institute of Management Accountants, England.
CIMA students reveal salary expectations
September 26, 2011
The 2011 annual global salary survey of CIMA students has revealed that 56 per cent of part qualified students are anticipating a wage increase over the next 12 months.
However, a quarter of respondents are expecting their salary to be frozen, while eight per cent are facing the prospect of redundancy and two per cent are anticipating a shorter working week or a salary reduction.
With the exception of Ireland (36 per cent) and arguably the UK (52 per cent), high proportions of part qualified students in each country are expecting a salary increase over the next 12 months.
This is especially the case in China and India, where 86 per cent and 82 per cent respectively said that to be the case.
While the rates of consumer inflation may reduce the effective salary increases, real increases (after inflation) are expected in all countries, with the highest average real increase expected in China (11.2 per cent) and the lowest expected in Pakistan (0.4 per cent).
The third annual salary survey gathers responses from part qualified students in Australia, Botswana, China, Hong Kong, India, Ireland, Malaysia, Pakistan, Poland, Russia, Sri Lanka, South Africa, UAE, UK and Zambia. Salary information was collected in February 2011