What's the typical raise % progression for senior managers in big 4? (preferably for tax but all services lines are welcome to chime in!).

for example:

Senior manager 1 > 2 = 9% ?
Senior manager 2 > 3 = 12% ?

Etc...

What has your experience been here?

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My raise from m-sm was 45%, same firm but received minimal raise prior year due to covid, and also they made some significant market adjustments to their SM range along with performance. Sm1-2 is going to be 20-25%, pending final sm ranges for this year. After that I'll be at the top of the sm range and it'll be COL in perpetuity or making partner.

Very high performer in tax at a Regional firm with a few hundred employees.

Our normal range in normal times has high performers / non promotion year at each level at 8-9%.

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Our top SM pay range is relatively low compared to big regional firms, topping out at around $180k base with relatively small bonus opportunities - maybe another $10-20k a year if you hit the right projects. Solid MCOL area, so still a significant amount.

My 45% raise from M2-SM1 was a result of suppressed COVID raises for my second year as a manager - was still under $100k as a m2, add in performance/market adjustments, and it was big. Slung shot to above market for our area for a SM1. My 20-25% for SM2 is due to market/retention adjustments and some significantly increased responsibility I took on related to partner turnover - effectively I walked up to the plate and slammed it out of the park, and am getting recognition for it.

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Not big4, but at RSM...it's about 5 or 6% for each year as a SM rated as doing great (4/5).

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M2 —> SM1 11.4%
SM1 —> SM2 28.2%
SM2 —> D1 13.3%

Middle market

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Yeah that was a covid raise, the following year corrected for it, and the promotion from SM to D would be more of a SM2 —> SM3 in a big 4 setting i would assume

Feel free to share the average $ amount of bonuses as well.

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Interested in this as well. On a side note, that’s the raise firm M to SM?

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