Mid level accounting salaries (for both public and industry) are unbelievably low in NYC. I wasn’t expecting that when I first entered the workforce a few years ago. I always thought accounting would be competitive. Thoughts?

like
Posting as :
works at
You are currently posting as works at

Lucky to find a senior position above 90 rn. Have been applying like crazy and it has been a let down. With so many being like 6+ YOE, 75k, 5 days in office. Like are we paying the same rent hun?

like

Would only take a pay cut for a university job so I could go back for a masters and never have to do accounting again. But that’s not happening for me either, too experienced for most of their positions

I recently received an offer of $75K for an experienced associate position in LCOL

like

That’s really good!

Your salary reflects the fungible nature of your position. A staff in NYC does the same work as a staff in Nashville. The NYC salary is higher, but not necessarily reflective of the full COL difference. The COL adjustment changes as you move up and demonstrate skills essential to your market. Specifically, if you can make it rain in NYC, the money will come

like

Because sending work offshore is much cheaper for the accounting firms.

likehelpful

Accounting was never investment banking or consulting, let alone private equity and hedge funds; your observation is correct

Yeah it will never be at that level, but I’m surprised at how low it is. I’m seeing mid level positions (3-5 YOE) have a range of 80k-120k. It’s crazy.

funnylike

That's just the nature of VHCOL cities. You'll get maybe 20% higher salary than lower cost cities but rent us 100% higher.

Related Posts

Hi,
I have 5 yoe in Java with 5.65 lpa.
How much hike i can expect .
I got a call from a recruiter and I said my expected CTC is 14 lpa, she said according to the current market, they can provide max 30-40% hike
How much I can expect according to the current trend .

like

Given an interview for Chief Minister -2 ,(YOE 17 Years,Skill- Mobile App development).How much CTC I can expect . Thanks in advance.

Does Walmart provide Joining Bonus?

like

How much yearly hike can one expect at Société Générale ?
"Depends on performance" seems to be a very vague answer.
Can someone please elaborate on a better answer.

Also, Can someone shed some light on promotions?

Is there any policy, like you have to work for X years to be eligible for promotion etc.

Thanks in advance.

Société Générale

like

What would be a typical salary for a junior in house counsel role (3 yoe) at a publicly traded company in a secondary market (think Austin, Tampa, Charlotte)? I’m having a really hard time finding what a reasonable range would be. Most positions I’m applying to require desired salary in the application, and the truth is I’d accept anything north of 125k but don’t want to undersell myself and take a bigger cut than necessary coming from biglaw.

like

Hello everyone, can you please suggest.
Which one to choose: Accenture or a product based organisation*?

Compensation:
Accenture: X LPA
Product based organisation*: X+2 LPA

Tech stack in Accenture: Azure
Tech stack in Product company: .net, AWS

Aim: to learn, and to get into FAANG like companies in next few years.

3rd year advisory SA with Mba @ 122k, high cost of living city. Am I on the higher end of the cap?

like

Larsen & Toubro Infotech LtI need help with understanding designations and salary level.. for 15 years what designation is good enough and what is the typical salary at that level. Larsen & Toubro Infotech

like

S&P Global Helloo fishes.. What exactly is the role Senior Data Quality Researcher at S&P Global..?? What is the average salary bracket and what are the future growth opportunities..? Thanks in advance.. S&P Global S&P Amazon IBM Mindtree

I have got an offer from Tech Mahindra. How much % of variable bonus generally their employees get after the year? Tech Mahindra

like

I have many options to consider but two options below are what I’m thinking of right now.

I want to see your thoughts on which one I should pick.

Job A: Project Engineer. 135K/yr base. 10% signing bonus.

Job B: Senior Project Manager. Contract. $60/hr standard. $90/hr overtime.

Additional Information added / pinned in the comments.

What will be in-hand salary for 43L base component.

like
like
like

When I was hired, I don't recall being informed about my salary being tied to my location. My employment contract also only makes one mention of location, and says "home office" and my state. I was recently told by HR though that if I move, my comp. will be lower. Is this legal? Should I consult a labor lawyer?

In my mind, I don't recall being told this and it's not clear from my employment contract, so I feel like they're breaking our agreement, and it feels unfair.

Thoughts on what to do?

like

Hi Fishes, If i extend my doj will it affect my joining bonus in ibm. Because in offer letter its mentioned as on or before doj. Thanks in advance IBM

What is the average sign-on bonus for an M1 at Big 4?

My Current CTC is 18.5 LPA. YoE 12yrs.
How much CTC can I ask during an HR interview for a BIGDATA engineer in UST global. What should be the expected CTC per current standard. Can you please let me know based on your experience in negotiating.

like

5th September is my last working day at Infosys. Yoe=4+ yrs
Tech= aws devops
I hold an offer of 18LPA from KPMG with joining date of 7th September. (Wfh)
I applied at Workday on 15th May and went through 7 technical rounds of interview and received a verbal offer letter of 21LPA (hybrid)
Now apparently their technical panel "forgot" about the interview and wants to have a discussion again as 8th technical interview. HR says their joining date will be 19th September.

Should i join KPMG?

like

More Posts

Best major city where an all-black firm to thrive?

like

Ketanji did not come to play! Came out of the gate ready to fight and turn these racist arguments on their heads. The way she was dropping 14th Amendment bombs on that man made me so happy. And this is only her first day. I just hope they protect her well.

likeuplifting

Does anybody have a class or promo code for Bloomberg Market Concepts?

like
like

Can someone tell me where should I put my money, Roth or traditional? Should I also contribute to hsa? How do I max out all contributions and benefits?

like

Any info on the agency Heartbeat in NY?

like

Recent cases of PERM approved within 5-6 months? Submitted in early June, hope to get approval by EOY.

like

Hello all! In the recruiting process with Meta and looking for referrals to boost my chances!

like

Where can I get a competitive intelligence template deck for comparing cybersecurity service providers like big4, accenture??

like

Had my sapphire preferred for 4 years. Can I downgrade to a freedom today and re-apply for a sapphire after a couple weeks to get a new bonus?

like

Recently left Deloitte for a startup who will sponsor my H1B, does anyone have any Chicago law firm recommendations ? Currently on OPT, Irish nationality

Hi folks - which consulting firms provide sponsorships for EMBA, I’m 12 years experience planning to do EMBA in 2020. Currently in the process of changing jobs and have offers from Deloitte and ACN.

like

Does Deloitte offer sponsorship for EMBA?

What are your thoughts on getting professional certificates like those with University of Florida? Ex, Professional Certificate in Public Health. A good supplement or waste of time?

Hello fellow EMBA 🐠

Was invited for a phone interview after resume screen with Sloan. They stated that my resume was "impressive" and that I may be a good fit. Cont...

like

Finally submitted my application to Wharton EMBA! Anyone else applying for May 2022?

like

How is the job market right now? Been trying to leave for an IA manager role, but haven’t had any luck. Not sure if it’s me or the market

like

Additional Posts in Accounting

How do you know if you’re considered a value employee?

likefunny

Happy Pride, all y’all 🌈🐠🐟🌈 out here!

like

I’ve seen a lot of recruiters recently trying to hire for advisory consulting firms that claim they do the work that Big 4 can’t because of independence issues. Does anyone think these types of firms are sustainable or will big 4 find a way around the independence restrictions and take this work back?

like

Anyone here ever make the switch from an Experienced Tax Associate role at BDO to an Experienced Tax Associate at EY? How is it and was it worth it? Have a friend at BDO who has been getting interviewed for a Tax role at EY. Will appreciate any helpful insight or feedback. EY BDO

like

To those in leadership, no PBB is what it is, but to blame it on COVID-19 is just a slap in the face...2-3 weeks of working from home doesn’t kill the fiscal year when we’re 9 months in....

likesmart

Y'all leaving upper deckers in the toilet stalls need re-examine your life. How can it be so tricky to hit a12inch hole while sitting down? Bathroom is out of commission thanks to a serial squatter.

like

Can anybody here speak to what accounting was like before Excel and work papers were on paper? How did audits get done?

like

Just found out that our CEO's son is joining PwC instead of EY 😆

funnylikeupliftingsmart

Is it bad if I already find myself disliking my job 1 month in? Did anyone feel this way at first and then grow to like what they do?

like

Has anyone let their counselor know they plan on quitting prior to give your notice?

like

For those who left public accounting for industry, how did you find your higher paying position? I’ve talked to a recruiter and haven’t been impressed with the roles presented.

like

Anyone working in public making $200k plus that isn’t at the director or partner level? If so what’s your title and what practice do you work in?

like

I hate to see good people go because of money. Why don't the firms just pay them more? It's almost impossible to find new replacement managers and so it would be worth it to pay up.

like

How bad is it if someone misses 3 time sheets and is up for senior promo?

like

Every walkthrough that lasts longer than 2 hours makes me want to quit

like

Is it possible to make SM after being MGR only 2 years? Was 5 star rated as MGR 1 and gold standard as MGR 2.

like

Polling the group: Stay for one more year at Big 4 firm as a manager and get possibly get promoted next year - or take senior manager job now at a boutique firm? Offering same pay but better hours.

like

Curious what others think about this: a friend of mine has a couple of months of leave this fall to study for the CPA exam (they’ll be paid a reduced salary during their leave), but they mentioned they have no intention of studying for the exam, and instead plan to use that time to look for another job. This rubs me the wrong way, but wanted to hear what others think…

like

If minimum wage is increased to $15 dollars, what else do you think will be affected? Do you think other salaries will increase, do you think there will be a jump in prices, or will there be no changes besides less people in poverty?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal