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Have seen 45, What’s urs
No, not a general norm. There could be cases, but no further hikes for them.
I am getting 36.6 after this appraisal. Exactly 12 years experience
Lol, there is no normal pay cycle. Many would have joined pwc thinking the same. Every organisation has a band, and you might think that once you join at a higher pay, you will keep getting hikes every year. But once you join, you know there is no hike for you, and you have to prove yourself over again. Search about hikes in Accenture, EY, Deloitte etc. it is the same story everywhere. The only way to break this is to keep upgrading and getting level up promotions at regular intervals - either within the organisation or by switching.