Hi all. I am trying to determine if I am being compensated fairly. I am a tax manager (about to start my second year as manager) and have been with EY since staff 1. I was promoted to manager in June 2020 (during covid) and received a 7.5% raise. The class above me has mentioned they received much higher raises during their promotion years. My base salary is now approx. 97K. Any insights would be extremely helpful. Thanks!

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I’m in a HCOL city. I was just promoted to manager in May 2021. I’m making 99k and I expect another raise in October. Hope this helps.

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Cool, what about you @ey1?

It's really dependent on your market and service line. You are probably both in the band, but lower/median of it.

You could get a raise on the open market. I'd expect anywhere from 110-130k base to jump minimum, depending on target market and service line. Smaller firms might give you a premium up to 130ish. NYC/SF +25-30% of those figures.

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Definitely agree with getting a raise on the open market. I got an offer last week as an M2 with a mid-tier firm in a HCOL area at $125K base plus bonus, and I was told annual raises would be anywhere from 8-10%.

Firms will pay a premium to bring in outside hires, but when they promote from within they usually exercise much more control over how much you make.

helpful

I’m a tax manager 1 and was promoted in October 2020 and I’m making 96k (US East not NYC)!

helpful

What city are you in US east?

Don't jump to a smaller firm, unless this is what you want to do. Its been killing my exit ops, I wish I stayed at a the Big4 I left from, instead of going to a top 10.

helpful

I’m an M3 in MCOL in Central region, making $105k.

helpful

They weren’t promoted during a global pandemic so not really apples to apples 🤷🏼‍♂️

Totally understand that. Of course life isn’t fair, but that’s not my point. My point is that the firm portrays compensation as a balancing act and takes a lot of factors into consideration. I’m simply wondering if being promoted during the pandemic (and therefore getting a lesser raise % than those who were promoted during a normal year) will be one of those factors

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Everybody needs to remember that for the firm the L in HCOL is for labor, not living. So while Seattle is high cost of living and the hottest market for housing, it’s considered middle for cost of labor. Lots of skilled folks in the workforce here. So the firms don’t have to pay a premium.

As such, the we can’t really answer this without knowing the city.

I am entering my three year at Deloitte and started as a staff. My salary is 117,800. Based on that you may be on low range

To who? “Entering my third year (or three year) at Deloitte and started as Staff” implies you started your career as a staff three years ago at Deloitte, and are now making $117,800 as a Senior.

Seems low to me for sure

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