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Looking for some book recommendations :)
Any recs for CIPM study books?
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While the PBB is a nice little check, it is nothing to write home about. I have worked for other firms where PBB was a significant part of compensation. I would focus on whether you are satisfied with the base and just see the PBB as a nice surprise.
Exactly right.
Pay most attention to the one post above about materiality. It is truly immaterial. Industry is worlds better.
EY does not pay variable bonus in reality .. they say they will pay during recruitment but they have never paid
PBB was between 3%-12.5% for most groups, except for 20-40% for EY Parthenon.
Expect 2-5% on normal years
PBB is a joke. Don’t bother about it.
@SM1. We all know the average PBB % in all these years. How much was it during 2020? Also, how much promotion bonus is EY giving for jumping from M to SM?
We all know the average PBB across the firm is 3-6%. 2021 was the only exception year and that too because we never got anything for 2020. PBB is a joke!
It’s like 5-10%
Rising Star
The past year was a bumper year for everyone (aside from EYP) who was a top performer got 12-12.5%
Doesn’t that blow your mind?
It does. I joined two months ago
The variable pay, “PBB”, was only for ranks of senior through executive director and paid when the firm is performing well or felt like it.
Rising Star
It's now for staff as well, but it is low at that level
Pro
PBB is typically Senior up to MD/ED. But was expanded to Staff this past summer. Not sure if that's a permanent thing or not. As a staff, I got 2.5% (maybe it was 3%) I think.
PBB is not going to change your life, but it's a nice little bump.
Yes for a MacD lunch
I’d suggest you talk to your manager and team members in advance to get a sense of the scale of the PBB. It has been really good for me personally 🙂
You aren't considered for PBB until you join. You may be able to get a sign on bonus, but sounds like you weren't given one since there is no mention of bonus on your letter. Sorry OP ☹️
Plus most likely audit doesn't have sign on bonus, but I maybe wrong. What service line?
Bonuses aren’t substantial as part of overall compensation however EY is considering the move to a larger bonus with different considerations on raises (raises typically are 10-25%).
Between what is PBB?
Performance based bonus
Welcome to the gulag. If you survive, you earn your freedom
I’m always high rated and my pbb has never been more that 4%. Ask for more money in your salary we are understaffed and worst they’ll say is no