I’m a senior accountant in the manufacturing industry in NYC. I am a average performer. How much should I be making? 5 years experience and CPA

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83k all in. There was a new staff that was hired and he had 1 year big 4 experience. He told me they started him at 70k (68 base and 2k signing bonus). We became friends and I trust him. I know asking people their salaries leads to issues. However- he doesn’t have a CPA and I have 4 years of experience on him. How am I only worth 13k more than him? Am I being petty? How do I approach this

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It’s not the same experience (not to be a dick). People with public backgrounds typically get paid more. 85k is still more than what I pull in. And I have a CPA! Ugh why are companies like this

Oh shit I misunderstood, yeah you’re getting boned

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If you have public accounting experience, then you are underpaid

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You’re def getting underpaid. I’m a first year senior, 2 years of audit/accounting experience. No CPA, 82.k salary and ~14k annual bonus.

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Well what are you making now?

95k a year?

I’m getting $78k with a 5k bonus at the end of every year.

You should be making more but this situation is expected, that’s the difference in comp progression between industry vs public accounting and those with public experience vs those without public experience

I came from a public background. 3 years at RSM and left as a senior.

Yeah. At 5 year experience I would expect you to earn less than a manager in public but not that much less? A 1st year audit manager in NYC should make around 110k, no?

Don’t think so unless you include promotion bonus maybe. An average performing 1st year manager is probably under 100k. That’s based on my salary which was 93k in 2015-16. Prob about 10k in bonuses (6500 promotion bonus)

How do I approach this with HR??

Or should I just find a new job

You’re within range I would say but you could be making more. If you’re not satisfied with your comp jump around.

You wouldn’t approach HR for a raise?

It depends on what your FYE process looks like I guess. You sound hesitant—is there a reason? Do you really like your job or your boss?

I had a quick stint at another industry job for 3 months. It was terrible. I left for my current role. I am afraid of the risk going into a new job and also afraid of looking like I jump around as I’ve only been here 1 year and 7 months.

It’s steady money but not much growth. Liked the idea of staying here for 2
more years as my GF finished up grad school and moving to the Bay Area after. If I leave now I have to switch again in 2 years

I have less than 3 yrs of public experience, no cpa and making 95k+

Can you provide some more details? What’s the raises like? If it’s 3-5% then he’ll make same as you in 3-4 years. So him with 5 years total exp will be around your wages. Also possibly factor in wage adjustment for new hires in the current cycle? Also you mention average performer so that might explain why your raises aren’t higher?

Hard to provide what people should be paid too since some companies will pay more for their accounting staff than others imo

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