Related Posts
More Posts
Rising Star
Enthusiast
Additional Posts in Tax Bowl
Coach
Anyone recently received a tax manager offer from EY ? I’m going through final interviews and want to see what your experience was like (negotiation process, initial offer higher/lower than expected?, did you give them a salary expectation range? How long did it take from final interview to offer etc) TIA!PwC EY KPMG Deloitte
Best big4 culture for TP in NYC office?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Based on your current salary, would say you’re underpaid by around $10-15K for an M2 (assuming you’re not an experienced hire). Your M1 salary wasn’t far off from what starting managers make. Assuming disparity in current salary will be attributed to economy.
I’ve received a 20% raise while I was manager and not for promotion. But I’m in a subject matter specialist.
I am not a manager so it’s a little bit different but I think my story would apply to you:
I switched office location to a HCOL area and the firm gave me a salary adjustment. During the process, I also applied to other big 4 to get a feel for the market.
My firm’s adjusted salary was 130k. While competitor big4’s offer was 145k+15k signing or 135k+20k signing.
I didnt tell my firm abt my other offers and tried to negotiate with my current firm but they would not move at all, telling me abt all these benefits (paternity leave/pto) that all the other big4s also had. This was 2 week discussion of HR going to partners and back to me etc etc etc....
I eventually had to tell my people consultant (HR) abt my other offers and told them that I was going to leave. My people consultant (hr) matched the competing salary on the spot within 20 seconds.
Moral of the story: loyalty doesn’t pay. I love my firm and love the ppl that I work with but it’s unfortunate how the system is set up....
This 100%. Your current firm will try to sell you on loyalty and connections you have and valuing the intangibles of staying around. Get an offer from a competitor and I guarantee it’s at a minimum $10k higher. Up to you if you want I play the game of competing offers, it’s a touchy subject and I’m not convinced that your current firm will ever look at you the same, regardless of what they say.
Seems reasonable to me. Sorry.
Honestly, I believe it does seem in the ballpark. Maybe a tad low? But not by much.
That seems right for Chicago.
How many years experience? Manager promo timeline can vary which can make it slightly different too.
Honestly for just non speciality tax that seems about in line. Maybe underpaid for strong performers group by $8-10k.
Deloitte doesn’t look at Chicago like they do NY. I have been told the only area with a market adjustment is NYC. Even San Francisco’s high cost of living doesn’t merit a market adjustment.
Newly promoted Big 4 manager, $121k. Just under 7 years with the firm. But, I don't know the pay difference in our markets.
Sorry, forgot to mention im in the SF bay area
All first year managers in southeast tax make mid 90s
Chicago is always weird to me because it's considered HCOL, but it's definitely not as high of a cost as LA or NYC, so it's harder to gauge expectations.
Thank you to all who have shared their knowledge so far.
There are not HCOL cities and LCOL. I believe there are 3 tiers. Lowest being smaller offices (Pittsburgh, St. Louis, Des Moines). Middle is like Seattle chicago Boston etc.. top end is San Fran and NYC.
Cpa?
Yes
Agile promote to M1 here, and I only got to 88k base which I’m pretty disappointed about. So at least you make way more than me. I’m tax btw
That seems low. Most M1 at CR in NJ start at 105, most M2 around 115. Not sure of Chicago versus NJ.
It’s on the low end. Depends on many things but 140-150 is possible and would expect more like 130.
I’m in a specialty and just got promoted at 150. Don’t core tax is gonna be 140-150.
I’m guessing not being in a specialty group means a slightly lower band. This seems a little low, but probably normal. Obviously also some firms pay non-partner staff better than others.
For not being in a tax specialty group and not being an experienced external hire, it seems about right. Unfortunately to get that next big pay bump at your level, you either have to leave the firm and come back or pull the competing salary card (which you can only pull once in your career, if that, so use it wisely). Most frustrating, an experienced external manager hire would probs come in 10 grand above you. It’s all a game and need to weigh long term goals vs a short term pay bump.
M1 experienced hire in tax specialty group. 130 base
Non big 4 / moderate COL market... $99k as an M2. Raises were a victim of COVID this year, otherwise would have been $105ish. Seems Chicago should be a bit higher then that.
I’m at $165K and I’m a manager at my firm. But I admit I am at the higher end of the range so it’s not typical.
Your comp is in line with the B market rate imo. I don’t think Chicago falls in A market like SF or NYC. Based on that level of salary, I think you’ve been at Deloitte from the start?
I renegotiated my salary and at the same time had multiple offers from other big4. Initially, they wouldn’t budge but then soon as I told them I got offers, they comp match me + signing bonus. This is the only way you can get higher comp if you are desperate for it. But maybe don’t do it now because of Covid.
I think my salary is higher than most in my market but I’m a second year senior in the southeast getting paid 105k but I’m also a JD/LLM.
SALT