Question for the fish who have been around the pond for 15 years...Has the average comp of big 4 staff actually trended downwards in spending power over the last 3 decades? Would be curious what a manager in 1998 made versus today adjusted for inflation.

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Have not been around the B4 for 15 years but I suspect that you’re right. B4 is shifting towards a WITCH model where staff are truly commodities that they try to squeeze every penny out of, not future leaders for each firm (which they will hire from outside).

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I hope that manager from 1998 is enjoying a well earned retirement by now⛳️

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Someone who was a manager in 1998 has been around for a while longer than 15 years

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A manager in 1998 would be about 48-50 now, so probably not retired.

They probably made about 80-90k. That’s about 128-144 today. I made $40k when I started at AC in 1999. If you had a technical degree you made $48k. Those would be $65-75k today.

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Great info, thank you

1) 3 decades and 15 years are very different
2) average comp has most certainly gone up, not down... less a function of any wage change vs inflation than just a reflection of how the firms have changed. They were accounting businesses 15 years ago. Everyone sold their advisory arm except Deloitte. So PwC, for example, didn’t have the S& people making MBB money who skew the average
3) comparing like for like, I suspect wages have grown just a touch faster than inflation, but not much

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Much appreciated

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