Is it true that middle market is “buying up talent” at B4? My friend was promoted at Deloitte this year to manager (so basically no raise) and he just received a $50k salary bump for BKD.

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Good. B4 is obsessed with commodifying the work. Let the partners personally discover what happens when you try to deskill a white-collar profession based on judgment.

likesmart

50k bump for same position seems unlikely

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Not surprising. Start your career at one firm and by the time you have 4-5 years under your belt, 40-50% bumps start to become the norm.

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It makes sense if these were the firms that laid off people over the past 6 months, but our industry has been still doing pretty well. Anyone I saw that lost their job was able to pretty quickly get a similar role at another firm. Also, I think this is just a general trend that is usually seen. B4 know that you are going there for the "prestige," so they know you might be ok with getting paid less. This causes the MM firms to not attract as many candidates as the B4, so they have to offer better compensation for their roles.

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It’s unhelpful that we buy into it. CBRE 1 was spot on.

likesmartfunny

Some regional firms pay very well, especially compared to B4. I got 25% to lateral into one, then got another 24% several months later. The next year’s raise was solid too, even in light of COVID.

likesmart

Congrats!

Depends on your niche. 50k bump for a tax or audit manager screams red flag to me, they’re desperate if they are overpaying that much. Or maybe your friend got bad comp adjustments over the years and was well below market.

likesmart

Congrats M2! It sounds worth exploring to me.
RSM 1 - I’m in a low COL if that makes a difference, but agree. Promotion raises were ridiculous.

I got a $40k bump offer from a regional. It’s a title jump from Senior to Manager and to do a technical tax group.

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That sounds like an enormous bump! Did you take it?

BKD is definitely paying above market. I had a 15K pay bump offer from them to lateral as a senior. If I intended to be in public accounting past this busy season I would have taken it.

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I’ve seen this too recently.

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