Bonus/Raise for CPA License?

CPA Exam Forum The Forum FAR Review Bonus/Raise for CPA License?

This topic contains 108 replies, has 37 voices, and was last updated by  cbkimrey 2 years, 5 months ago.

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  • #159315

    75orbust
    Participant

    I know its pretty variable, but what did everyone get for a pay increase (5%, 10%, more?) and for a bonus when you passed your CPA? Were your exam costs reimbursed as well?

    Also what size firm were you at, and how long did it take for you to pass your exam?

    I guess I would like to know what to expect or what to ask for when I get my license.

    Thanks

    #522772

    scuderia06
    Participant

    At my firm:

    If you pass in the first year its a $5000 bonus, if you pass in the second year, its a $3000 bonus

    #522774

    scuderia06
    Participant

    At my firm:

    If you pass in the first year its a $5000 bonus, if you pass in the second year, its a $3000 bonus

    #522815

    scuderia06
    Participant

    At my firm:

    If you pass in the first year its a $5000 bonus, if you pass in the second year, its a $3000 bonus

    #522817

    scuderia06
    Participant

    At my firm:

    If you pass in the first year its a $5000 bonus, if you pass in the second year, its a $3000 bonus

    #522776

    potatogun
    Participant

    ^ that’s pretty much what all the Big4 are. Big4 reimburse fees and pay for Becker also.

    #522819

    potatogun
    Participant

    ^ that’s pretty much what all the Big4 are. Big4 reimburse fees and pay for Becker also.

    #522778

    75orbust
    Participant

    Thanks for the responses. Sounds the the Big4 are pretty uniformed. Any input from people at smaller firms?

    And what may be an expected raise when you’re officially licensed? Robert Half says about 10% salary increase can be added for a professional certification? Any thought on this one?

    #522821

    75orbust
    Participant

    Thanks for the responses. Sounds the the Big4 are pretty uniformed. Any input from people at smaller firms?

    And what may be an expected raise when you’re officially licensed? Robert Half says about 10% salary increase can be added for a professional certification? Any thought on this one?

    #522780

    MaydayCPA
    Participant

    I too am curious as to what kind of bump I should be expecting at a smaller public accounting firm. Sadly the people most likely to know (my co-workers) are the people I feel least inclined to ask.

    #522823

    MaydayCPA
    Participant

    I too am curious as to what kind of bump I should be expecting at a smaller public accounting firm. Sadly the people most likely to know (my co-workers) are the people I feel least inclined to ask.

    #522782

    tkemp6
    Participant

    I work at a Big4 and that bonus system plus reimbursement is what I get. No raise. I can now be promoted to Manager now, but that’s about 5 years out.

    #522825

    tkemp6
    Participant

    I work at a Big4 and that bonus system plus reimbursement is what I get. No raise. I can now be promoted to Manager now, but that’s about 5 years out.

    #522784

    CPAwaldo
    Participant

    Do you get reimbursed for tests you’ve taken and passed before employment? Also, do they give you the full bonus if you only have one test to take after employment and pass it?

    #522827

    CPAwaldo
    Participant

    Do you get reimbursed for tests you’ve taken and passed before employment? Also, do they give you the full bonus if you only have one test to take after employment and pass it?

    #522786

    tkemp6
    Participant

    I get $5,000 if I pass before of in my first year, $3,000 in the 2nd year, squat after. I get reimbursed for all passing exams, and any extra materials I buy. My materials/reimbursmnet “bank” is $3,000, and the Becker materials came out of that. I can be reimbursed up to the difference for what I pay for. If this doesn’t make sense, let me know.

    #522829

    tkemp6
    Participant

    I get $5,000 if I pass before of in my first year, $3,000 in the 2nd year, squat after. I get reimbursed for all passing exams, and any extra materials I buy. My materials/reimbursmnet “bank” is $3,000, and the Becker materials came out of that. I can be reimbursed up to the difference for what I pay for. If this doesn’t make sense, let me know.

    #522788

    potatogun
    Participant

    Yes, big4 will reimburse for testing fees done prior to employment. They would love if you were done with the test BEFORE you started working. Most new hires are not done.

    #522831

    potatogun
    Participant

    Yes, big4 will reimburse for testing fees done prior to employment. They would love if you were done with the test BEFORE you started working. Most new hires are not done.

    #522790

    qbancpamia
    Participant

    do you get pay the bonuses if you are done prior to employment? 5000?

    #522833

    qbancpamia
    Participant

    do you get pay the bonuses if you are done prior to employment? 5000?

    #522792

    potatogun
    Participant

    Depends if you’re an experienced hire or not probably. But if you were a new hire and you were totally done, yes, you’d get the $5k.

    For experienced I am not sure, but that is something HR/recruiting would definitely answer if you had an offer.

    #522835

    potatogun
    Participant

    Depends if you’re an experienced hire or not probably. But if you were a new hire and you were totally done, yes, you’d get the $5k.

    For experienced I am not sure, but that is something HR/recruiting would definitely answer if you had an offer.

    #522794

    oobaisi
    Participant

    Are any of these firms hiring :-D….seriously….

    #522837

    oobaisi
    Participant

    Are any of these firms hiring :-D….seriously….

    #522796

    potatogun
    Participant

    Yes, most of the large big4 cities are understaffed for experienced associates and seniors.

    #522839

    potatogun
    Participant

    Yes, most of the large big4 cities are understaffed for experienced associates and seniors.

    #522798

    Atrus
    Participant

    We get $5k bonus if passed within 1 year of joining the firm, $2500 if passed within 2 years, $0 thereafter.

    No explicit raise, but I think the credentials help come review time to get a bigger bump than others. I got a small pat on the back for getting it.

    It’s made me much more marketable though – if I want to leave for Industry, I have some very nice options waiting. Industry is looking for people with CPA’s now, tough to land a good role (and some cases any role) without it.

    #522841

    Atrus
    Participant

    We get $5k bonus if passed within 1 year of joining the firm, $2500 if passed within 2 years, $0 thereafter.

    No explicit raise, but I think the credentials help come review time to get a bigger bump than others. I got a small pat on the back for getting it.

    It’s made me much more marketable though – if I want to leave for Industry, I have some very nice options waiting. Industry is looking for people with CPA’s now, tough to land a good role (and some cases any role) without it.

    #522800

    oobaisi
    Participant

    Unfortunately I they don’t seem to be hiring in the Chicago area. Maybe California 😀

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