When getting promoted vs just progressing, do you get a higher percentage raise? If not, how do you ever expect to have a competitive salary with other companies if you started with EY as a staff 1?

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Promotion and progression raises are mostly the same (all other factors being equal). You stay loosely competitive because you will likely make good raises every year. In 10 years of being at EY I've only had one raise below 10% and that was the year of the financial crisis where I had 0%. Facts are though you will almost always be below market when you grow with a company versus hopping around (at least short term).

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OP my raises in those 10 years have ranged from 10% to over 20%. You'll be fine. Also, if you lag behind the market too much, EY will eventually do what they call a market adjustment. As EY1 said you have to think also about career goals long term. Hopping around is good for short term financial gains (assuming the hopping was based on money vs roles), but not so great for long term career progression.

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The constant struggle. Have to switch companies to get paid with your peers nowadays. I just have to jump to big D to round out the big 4

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Or boomerang back with industry knowledge or contacts you can build a service offering around and sell work

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To be completely honest if I stay at EY for eight more years which would mean that I would most likely be a fifth year manager my salary would only be 140,000 with a 10% raise every year

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So basically unless you stay long enough to make partner you might as well leave

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Thanks everyone and it helps to finally have a candid conversation about salary for once

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Is 140k low for a manager? I feel like that is normal. I have heard of SMs being paid 140k

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Hopping around every 2-3 years will definitely get you paid more in a 10 year span than peers who stay in one place. But firms like EY reward loyalty with partnership and that's when you become wealthy. You'll never reach a certain level hopping around because you don't have solid enough relationships

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A sen mgr being paid 140 is doing something wrong or is in audit, I was 144 as a m1

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It's not the current salary, it's how it will grow if without being adjusted for the market or anything like that if I stay with EY

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SM1, when you were promoted to the next level were the raises usually more than 10%? If so, what were the raises if you don't mind sharing.

What's your base now SM?

Like I said EY1 somethings are not important than money 😂😩

SM I don't think anyone but top performers (5s) will be getting >10% raises for progressions based on firm performance from what I'm hearing..

I have not seen it made up over time, some get lower base and lower raise / bonus ranges for identical level and performance. Good to see it's not just D

It's FB and no one knows who you are SM1...I just made M1 and want to know a basis for SM

SM1 - is there a way to request or prompt the market adjustment discussion?

I have my meeting set for next Thursday, the truth will be told

EY5, are you an MBA hire?

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