Big 4 Salary

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    Topic
  • #194938
    Anonymous
    Inactive

    What are the typical raises in big 4 firms in the southeast region? For example, after completing one year as a staff what is the expected raise as a second year? And what is the expected raise from staff to senior and senior to manager? Thanks. Just curious.

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  • #674774
    golfball7773
    Participant

    Since no one has replied and I don't know the answer- but we have sub forum called “Big 4 Accounting” or something of the nature.

    I would scroll to the bottom of the forum main page and you will find it 🙂 There should be plenty of previous topics about salary, etc

    AUD - NINJA in Training
    BEC - 86
    FAR - NINJA in Training
    REG - NINJA in Training
    AUD - 71, 73

    BEC - 74, 86

    REG - 77*

    FAR - 57

    *expired

    (I have been trying to become a CPA since 2013). only one test down.......

    FAR: 63, 55, 62
    REG: 65, 77*
    AUD: Fail, 64, 71
    BEC: 72, 74, 81

    *expired

    #674775
    Anonymous
    Inactive

    Interesting…

    #674776
    Anonymous
    Inactive

    ok from my experiences i know people around the office who were being promoted from associates to seniors were really upset or indifferent about the raises they got. In other words, no one expressed happiness about the bump in pay, so its safe to assume that although it is an increase, it is nothing to celebrate about or something that will help change your lifestyle. I don't think the money gets “good” until you reach manager (and obviously making manager is easier said than done. Also, you can probably find less stressful and higher hourly paying jobs with less hours than a manager once you have that 5-6 years of experience.

    Plus, no one really joins the big 4 for the money. It's really for the exposure to the clients (ex: banks and F500) that you can potentially join and climb the ranks there and than start raking in the big bills.

    #674777
    fuzyfro89
    Participant

    While I was still at the firm (2011-2013), it seemed people at all levels were in some way dissatisfied with pay raises (or bonuses in the case of mgr and sr mgr).

    For reference, you can generally expect 5-8% in a non-promotion year and 9-12% in a promotion… plus or minus a few points for how well the firm overall does, the office, the practice group you are in, if the firm or practice area is under/over-staffed in your office, and so on.

    For reference, I started in the low 50's in 2011 in the southeast, so even a “HUGE” 7% bump after my first year with the firm meant less than 4k in additional pay for the upcoming year. Even new seniors I think who were getting raises to the high 50s/low 60s were still feeling the pinch. At that point, 2 yrs into full time work, you're making a solid 10k more than when you started, but you still feel vastly underpaid compared to how much you work and how much you will work as a senior associate.

    Managers were slightly happier overall with pay given they were in the 75-90k range (for mgr 1 through mgr 3's), plus an annual bonus, but even managers work like dogs and have to put up with a lot of crap.

    I'm not sure what staff start at today, but let's call it 55k in the southeast (large markets). Assuming 7% non-promo raises and 11% promo raises, your salary for staff 2 through sr mgr 1 would be 59 to 105k.

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