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Hi All,
Looking to make the move from working in industry to big4 and was curious as to what level and pay I might be worth?
I have 10 years experience out of uni, as well as completed CPA and MBA. I have a experience in managing entire finance function of small/medium entities, but most notably solid corporate finance experience/strategy leading refinance exercises, debt raising, hedging/treasury strategy etc…Would be looking for something in deal advisory / M&A / CFO advisory etc….thanks Deloitte EY PwC @
Those who tuned into KPMG town hall, thoughts?
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Pro
Why Principal and not Partner?
Principals are (used to be) somewhere around 250-270 with bonuses etc on top. This was of course pre July 2020. So really adjusting for the lost goodwill from Deutsch's unwarranted layoffs and your 20% pay cut, you should be looking for something with a 3 at front.
This checks out. I’d aim for a 3 at the front and if not, what’s the progression?
Not sure what the pay structure is for Principal and if the bonus structure changes from Director?
In talks with senior Deloitte leaders...it appears that the Principal role is being phased out.. but there has been no mention of Partner for me...not sure of their strategy.
Pro
Phased out altogether or phased out as a pathway for internal promotion? The latter could happen but will run into retention issues for high performing Directors who'd like to progress further but aren't ready for or don't want Partnership and the sales focus it brings.
The former will impact their ability to bring in talent from outside because not many will move sideways and I doubt Deloitte will be handing out Partnerships to Director level talent from the other 3 to bring them over.