Related Posts
Rising Star
Mindtree hike letter rolling out
More Posts
Does your brand use the Oxford comma?
Anyone know what other fishbowls are like?
Additional Posts in Accounting
Wiley or Gleim which one is better?
Passed my last CPA exam!! 🎉🎉🎉🎉🎉🎉🎉🎉
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Depends if you are getting promoted or not. Average without is about 3-6% I would say on a non-promo year. During a promotion year depending on level and team it is tough to give an average. Let’s just say higher than 6 :)
RSM 1, it sucks to work for RSM if the numbers you mentioned Re true at your firm. I mean you see these numbers in industry not in public accounting.
I think my first year was 7%. It got better from there. You have to remember as a first and second year, your skills are a commodity and easily replaceable, so the price for them is lower. Sure, you can go to an industry job for a 20% pay bump, but you’ll sit at that for years and your raise will be at a 3% COL when you do get one. If you stick with public, your raises will out pace industry within 3-5 years. While that doesn’t help if you hate your job, it is a silver lining if you like it. I’m earning more than I ever would in industry and am extremely happy with my salary 6 years in.
Source: experience in both public and private.
RSM 4 - don’t tough it out if you don’t like the job!! Yes, the raises come faster and higher after a couple years but money doesn’t buy happiness. If your miserable, please find what makes you happy. You can’t take it with you when you go, so do what makes you happy.
6% year one
25% year 2 promotion to senior. Hoping I can keep getting that 7-12% until another promotion but we’ll see.
Tax
Expect nothing and you wont be disappointed. That said, I got 8.3% as a first year.
I had 9% my first year and 21% my second year
Around 12 percent
Any worked in Property Tax? How much was your bump after your first year?
Around 14% first year
Nil for first yr
1st year: 4.5%, 2nd year: 12.5%, 3rd year: 18%, 4th year: 10%, 5th year (firm switch): 50%. Started off a little rough but I worked hard and it paid off.
Got a 9.11% last year when moving staff 1 to staff 2.
None. You'll be a lot happier.
Staff through senior years around 12-18% except 2009 when we only got 2.5% (I think?) due to recession. Manager around 8-11%. Senior manager years around 5-7%. Lifer with EY (so far). %s do not include promotion bonuses.
I could barely beat inflation at Deloitte.
Your base will impact your percentage. People will throw around "10%" or whatever, but "10%" of $50k/year is 5% of $100k/year. A first year audit associate would probably receive 5-10% a year on a $50-$60k base salary based on market performance (depending on where you live, too). I've seen it swing from 1-3% in recession to 8-12% when times are good- depending on performance. I would not benchmark yourself to people's double-digit raises here outside of a promotion year. I think you'll be disappointed if you do.
I don't really hear of big 4 firms giving bonuses in assurance. Maybe advisory does that?
Bonus are given within assurance once you are a senior or above. Although from what I have heard, they are nothing to write home about.
Been pretty consistent around 12-13% every year.
Dang chill. You just started
I got 11%
I got 5.1% my first year, 18.7% my second year (promo to senior), and 14.1% my third year. Then i got 20% when I quit and moved to industry this year.
I got a 3% raise my first year in a public accounting firm...
I got 4% 3 months into joining