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Hi guys,
I have experience of 5 yrs in sap mm functional area.my current salary is 9.5 lpa at Capgemini.What can I expect from PWC.Currently I have offer of 18.75 where 15.5 is fixed(I don't want to join this company).
My pwc hr told max ther can give 15 fixed.Should I take pwc offer of 15 fixed?
Hi Everyone !!!
This June I completed my 9 months at Career Level 12 and Sub Level 3 I.e, CL 12.3 at Accenture Operations. My Annual Talent Discussion and One-on-One with People Lead is complete as of last week.
I have 3 questions now :
1. When can I expect to move to 12.2 ?
2. What is the general hike I can expect ? And when it is reflected ?
3. When will be the variable pay will be paid out ?
Can anyone here help me with this performance cycle part ? I am really confused.
Accenture
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CMAAS Chicago Senior salary? PwC
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I was in industry as a staff accountant. Average raise for G&A is around 1 or 2%. Engineers or tech jobs get more. Start salary in industry is higher than PA, but without PA experience and CPA, you would never get to manager or above level. So starting in PA and moving to industry is a good move. I left industry to be in PA because of lack of opportunities for non-PA accountants. I think you guys will be fine.
👆
Like most things you can’t look at it in a vacuum since you typically work less hours in industry too. I took a senior manager role in industry for $170k and after one year was promoted to VP with $190k, both with 20% bonus.
Coach
Just read my post again, the original role in industry was director, not senior manager and then promo to VP. I had 13 years of experience. Felt I stalled out in PA and was ready to jump ship.
What market are you holy... below 60k for an "A3" (PwC term, I know) is terrible. I'm at another B4 at above 70k as S1 in MCOL.
As for your question about PA vs. industry, PA definitely has the more structured promos (and therefore raises) until you get to the senior manager level. I think I read somewhere that from a purely monetary perspective, you should leave PA in around 3 years and then jump between industry jobs every so often.
Also gotta consider the hours that go into PA. You're working way less in industry and usually making more so...
I’m in LCOL. Midwest. For PwC, this is cities like Detroit, Pittsburgh, Cleveland, Buffalo, Toledo, Rochester, etc.
Posting this here so you have an idea what I was paid in tax in PA. I started in 2016/23 as a staff 1.
I forgot about those since we didn’t receive any this year. I also got performance based bonus when I was 26.
They aren’t, but industry also usually has better 401k matches, HSA contributions, education reimbursements if approved, employee stock purchase plans with discounts, etc.
Depends on where you are. My salary progress in PA looks like below (incl bonus), non b4, tax, MCOL, high performer. Higher paid accounting roles in my area outside public are limited to only a few companies, so the opportunity for advancement is much higher in PA for me. Very few companies in my area have controllers/accounting managers/directors, if so it is usually 1 spot, paid $120-160 - but the roles don't come up often. It is definitely a trade off!
A1 - 57k
S1 - $65k
S2 - 72k
S3 - $85k
M1- $95k
M2. - $101k
SM1. - 125k
Not even no A2 but not M3
Mentor
I don't know because I didn't stay in public, but I'm fine with my progression and came here to brag about it. I exited public in 2017. In industry the g&a raises of 1-2% are real. You have to get promotions or switch companies every few years to keep getting raises.
I have a similar progression. I started out making $32,000 in industry to now making $110,000 in PA.
This is just my opinion but if you’re going to work at a big 4 and jump into a senior accountant role. I don’t think it’s worth it at all. Unless you want a chill ass job in industry studying to take your LSAT or planning to take the gmat or something to further your education.
You can also try doing an internal transfer to an advisory service line where the pay is like 20% more than audit.
Curious as well
Curious too valid points didn’t test think about. But does industry normally have large bonuses every year?
Mentor
It just depends on the industry position but I would guess SM. I’m a manager and all the manger roles in industry pay more.
I asked my question because when I look at things like the Robert Half accounting guide salaries, industry is higher in all regards. But if you take a given starting salary in both public and industry and increase by a percentage every year, it looks like eventually public will remain higher. Are there salary bumps in industry I am not considering? Am I missing something?
Coach
Yep, I agree that you’ve identified the key downside of industry. Some of that is alleviated if you join a growing company, since it will be adding new roles to advance into.
Also worth noting that the advances in public get much less automatic after manager.
Seniors in industry do not always mean the same thing.