Is anyone else confused when they see USA Big 4 consultants on fishbowl stating they earn significantly more than Aus? Eg. Big 4 Managers in the US saying they’re on 200-250K USD? What am I missing, why are we so underpaid in Australia?

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College fees, healthcare costs, cost of living, etc.

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Salaries in Dubai are almost as high as in the US, but free of taxes! This implies that the net salary is 3-4x ANZ, with the gap increasing with more seniority (since tax is progressive, while in UAE it remains at 0%)

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But ur living in Dubai though ;)

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It’s interesting, but I know they don’t get the same leave, healthcare, super etc

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Private health insurance is far from free in US. While employer covers a portion of premiums (~US$1k/month), I pay ~30% of it I think. You’re severely underestimating healthcare costs generally - in US you also have a deductible to hit before insurance starts to pay for anything (mine is ~US$3k), and even once they do healthcare is significantly more expensive in US (e.g. 1 hour appointment with psychiatrist in NY is US$1k while my 45 min visit in sydney is A$420 and Medicare pays a larger chunk than my US health insurance). You’re also ignoring student loan repayment (private US undergrad is ~US$60k/year vs ~A$15k plus Aussies have benefits like HECS and youth allowance making education so much more affordable).

Seems like you’re also ignoring state and local taxes in your tax calc.

Some of my numbers might be off but bottom line - disposable income is really not much higher for *most* people in US (those who are healthy, didn’t have to pay for school, don’t have kids etc might be better off).

I know it’s terribly frustrating. US based consultants earn double, compared to their Australian and Canadian counterparts. It’s also annoying as our real wages reduce due to sliding FX versus USD. I think it could be worse. You could be a consultant in the UK, they get paid even less.

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Because consulting in the U.S. pays more as they have more demand and are a bigger market.

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Yeah, Australian corporates and Government agencies are pretty rich though. I think you’ll find our fees are the same in usd

I'm based in NYC and have friends at Big4 who are managers. The salary range you've posted is not the norm. It's more like 170-210 in places like NYC. Secondly, the cost of living is different. By your logic, our peers in India are even more underpaid.. yet they live a more luxurious lifestyle with most chores outsourced unlike my American colleagues.

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