As we go up the ladder till director, to some extent it is correct to compare with salaried individuals in the market. But as we become partner, we should compare it with earnings of practicing qualified accountants.
One caveat is that PWC notoriously pays significantly lower in Consulting (not strat) compared to the others at each grade. Like there are Managers on 55k lol. The others Manager Salary starts at 70k
Having worked in HR you would be surprised to know that pay is based on location and I have seen much higher salaries for managers, partners, and directors up into double six figures. That’s all I will say. This is for US I see those bands daily and they are updated yearly. It depends on what you bring to the table. There are people who will not step foot in an establishment without being able to negotiate every detail. Institutions count too. The sister firms talk …two of them only pay $10k more for positions than the other but the benefits do not compare. Just remember there is a firm that gives unlimited sick time, maternity/paternity leave up to 6 m and when your off you do not work no emails no calls.There is a second firm claiming to give unlimited PTO but they have you working that’s not being off. When I’m off my phone is on silence *I’m putting my opinion not speaking on behalf of a firm.
Any idea about the employer pension contribution rates for each big 4 firm? I would be interested to learn if one offered more benefits (besides salary) than the other.
Great video! I am joining a big 4 company next week and just had a question. I have no experience in TAS/Deal advisory and I am joining as an analyst. Was just wondering who taught you what to do when you first joined and were you guided properly? Meaning do they actually teach you or are you just thrown in the deep end? 😅
I had a bad experience at the Big 4. They hired like 20 A1's September just so they have enough people for inventory counts and then they cut like half of us around for March when busy season was over.
I wanted to work in deloitte but i watched some videos and they are making me kind of hesitated . Salary Low Work long hours in office While i have friends who are stupid compared to me but making huge amount of money as a salessman Doesnot feel fair 😢😢😢 Now i am 20 any advice
Since big4 do not pay overtime, they definitely pay lower compared to other smaller firms that do pay overtime or give time-off-in-lieu. Some bonuses are not even given at all so yeah really low pay for big4 but at least they definitely have better tools and other useful resources.
There's more study leave and quite expensive Kaplan tuition so work days are less than 200 days per year. Compared to boutique firms mon-fri 9-5 with people studying after work the total hours don't differ that much ngl. All jobs look bad compared to IB or PE. But with the expensed travel, big 4 audit pays pretty well compared to average grad job.
If you take the average Associate pay, divide it by typical working hours in London Audit/Assurance, it's what you end up with! Where are you working/which firm?
@@JamesAlberts Its a top 15 firm in nyc, they alledge 33/hour at 37 hours a week, with 1.5x OT. Not a full time job, so that may affect the ratio, but still seems like they should be paying much more in london.
Would you say that it is worth it to stick around, despite the lower than average in your 20s, in order to make partner and be potentially earning millions?
I mean, if you think you can make partner sure. But that’s a very long way away and a highly uncertain assumption for someone starting at the bottom rung of the laddrr
Partnership is the carrot they are dangling in front of you. Statistically 2/3 people leave by year 3 once they are qualified and move to 9-5 £60K jobs which isn't half bad, those who stayed maybe another 1 in 3 make it to partner but you have to wonder where the other two went
Download the FREE BIG 4 Salary Guide for further detail 👉🏼 www.big4ready.com/big4salary
As we go up the ladder till director, to some extent it is correct to compare with salaried individuals in the market.
But as we become partner, we should compare it with earnings of practicing qualified accountants.
One caveat is that PWC notoriously pays significantly lower in Consulting (not strat) compared to the others at each grade. Like there are Managers on 55k lol. The others Manager Salary starts at 70k
It's a really good point - the ranges (even within the 'same' company) are mad!
Having worked in HR you would be surprised to know that pay is based on location and I have seen much higher salaries for managers, partners, and directors up into double six figures. That’s all I will say. This is for US I see those bands daily and they are updated yearly. It depends on what you bring to the table. There are people who will not step foot in an establishment without being able to negotiate every detail. Institutions count too. The sister firms talk …two of them only pay $10k more for positions than the other but the benefits do not compare. Just remember there is a firm that gives unlimited sick time, maternity/paternity leave up to 6 m and when your off you do not work no emails no calls.There is a second firm claiming to give unlimited PTO but they have you working that’s not being off. When I’m off my phone is on silence *I’m putting my opinion not speaking on behalf of a firm.
The word caveat is offensive😡 It suggests that you think your posh and you think we are peasants😡
@@Who-cu9eu You're right. I do.
@@JamesAlberts rude ye ars off why don’t yaa. Come south block
in KPMG you also go from associate to senior associate
Any idea about the employer pension contribution rates for each big 4 firm? I would be interested to learn if one offered more benefits (besides salary) than the other.
Good question - I’ll dig into it and do another video on the wider benefits (non-cash)
1:1 up to 8%. Your standard employer benefits
Great video! I am joining a big 4 company next week and just had a question. I have no experience in TAS/Deal advisory and I am joining as an analyst. Was just wondering who taught you what to do when you first joined and were you guided properly? Meaning do they actually teach you or are you just thrown in the deep end? 😅
Hey James - CourseCareers sent an email about a paid partnership. Did you get a chance to read it yet?
I didn’t - do you mind dropping me a DM on LinkedIn
Which of the big 4 pays the best and make u have the better work experience
I had a bad experience at the Big 4. They hired like 20 A1's September just so they have enough people for inventory counts and then they cut like half of us around for March when busy season was over.
That's ridiculous. What firm and what country is this? I'm working for DTT UK and have not heard any of my previous years been cut
@@KS-tz9sg Pwc Bulgaria
Great video! Any link to that watch please?
When would the pdf be sent? Waiting for it. Thanks
I wanted to work in deloitte but i watched some videos and they are making me kind of hesitated .
Salary Low
Work long hours in office
While i have friends who are stupid compared to me but making huge amount of money as a salessman
Doesnot feel fair 😢😢😢
Now i am 20 any advice
Hi I went and try to download the guide but cannot find it within my email.
Can you please help?
Thanks
Since big4 do not pay overtime, they definitely pay lower compared to other smaller firms that do pay overtime or give time-off-in-lieu. Some bonuses are not even given at all so yeah really low pay for big4 but at least they definitely have better tools and other useful resources.
Even at Mckinsey Level, Paid amount / hours worked is roughly same as any other white collar jobs. Its really interesting.
There's more study leave and quite expensive Kaplan tuition so work days are less than 200 days per year. Compared to boutique firms mon-fri 9-5 with people studying after work the total hours don't differ that much ngl. All jobs look bad compared to IB or PE. But with the expensed travel, big 4 audit pays pretty well compared to average grad job.
12 pounds per hour? I'm making over double that at an audit internship, does it vary so much based on location? or is it some other factor?
If you take the average Associate pay, divide it by typical working hours in London Audit/Assurance, it's what you end up with! Where are you working/which firm?
@@JamesAlberts Its a top 15 firm in nyc, they alledge 33/hour at 37 hours a week, with 1.5x OT. Not a full time job, so that may affect the ratio, but still seems like they should be paying much more in london.
@@astrofish6163 It's the hours that skew it along with the carrot on a stick of future promotions!
@@JamesAlberts Makes sense, I'll keep an eye out for tomfoolery!
@@astrofish6163 good luck 💪🏻
I have subscribed to receive the guide and I have not received anything.
Would you say that it is worth it to stick around, despite the lower than average in your 20s, in order to make partner and be potentially earning millions?
I mean, if you think you can make partner sure. But that’s a very long way away and a highly uncertain assumption for someone starting at the bottom rung of the laddrr
Partnership is the carrot they are dangling in front of you. Statistically 2/3 people leave by year 3 once they are qualified and move to 9-5 £60K jobs which isn't half bad, those who stayed maybe another 1 in 3 make it to partner but you have to wonder where the other two went
Hey there, i got an offer for audit position for £29000 outside of london. Would you willing to share you thought of why they offer me such rate?
Because it's normal?