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Do first years get any sort of raise?
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Looking at percentage increase won’t tell the entire story... if you for whatever reason got over market as an associate then you should expect a lower raise to bring you up in line with market. What’s more important is that you aren’t underpaid as compared to other similar people in big4.
@OP - ‘The Firm is doing well’ can mean several things. It could mean some new clients were won, PCAOB inspection results are trending favorably, Firm revenues are up, etc. Your raise is 2+% for inflation and 8% for taking on new responsibilities. As a new senior associate, do you really feel you’d be able to make the same amount of compensation if you opened your own accounting firm? I’m guessing not. The Firm is able to charge the significant rates they do for your work, not because of your ‘extensive’ (maybe 3 years) experience, but rather because of the depth and breadth of those around you (and mostly above you). Also, if you mess something up, do you think you or the signing partner will receive the multi-million dollar lawsuit claim? Each year you work you’ll have better experience and better perspective
That is a great raise.
When I went to senior I got 24%
10% is a good raise, I think you’re being a bit ridiculous
10% is what I got... Almost every other career would kill for a 10% raise, and don't tell me we work harder than everyone else.
But you just said yourself that you are not a top performer
What were you expecting?
Last year as a senior 1 promote I got a 13% as a top top performer. So I would say yours is pretty on track / normal
I'm not a top performer but I was on the top 20% on scatterplot and been working on busy clients all year round. Also been hearing countless times from partners that the firm has been doing great. Given all that, I was hoping to get 15%
SMH. People mad about a damn 10% raise. What did you expect, and WHY do you have those expectations? JFC calm down
If you don’t like it, quit PA and go work in private where your raises each year are 1 or 2% each year (typically). Have fun
It’s not worth it to work harder. Just get by meeting expectations and don’t put any extra work to being a top performer. The extra couple percent isn’t worth your life/sanity.
Did you get a larger % raise from staff 1 to staff 2? Maybe they’re bringing you in line with peers
You should be grateful!
When I got Senior I got 2.6%. 2009 though
When I got promoted to senior at GT I got 15% raise
Promoted last year with 5% raise 🙄 I was also in the top performers list 😂
Comp was trash this year man. Expected but still disappointed.
We're mad about damn 10% cuz some of us (including me) were assigned into busy clients all year long; managers gave good feedback and fell into top 20% in my class, and heard from partners countless times about how the firm and the economy is doing really well. 10% is not a bad raise but it doesn't make sense
Wait, there are people who DON'T work on busy clients all year long? 🤭