When you get promoted to senior, is there just a salary increase? or is there a bonus as well?

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Cause we haven't "paid our dues"

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Where is my bonus KPMG? #cheapassfirm

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@EY2 supply and demand

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☹️ don't rub it in!

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Why do seniors and staff get paid so less for working insane hours?

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For Deloitte, you generally do not get a bonus when going from second-year to senior 1. However, the past two years the firm has given the first years and second years a $1000 bonus on top of their raises. That bonus is not guaranteed and is usually not given to staff but hope they give it again this year. At the end of your first year as a senior you get a bonus.

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EY has a 5k promotion bonus, not sure about everyone else.

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Oh annual incentive program..?

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At the staff level, there aren't many other jobs paying $60K for a first year out of college. There's less competition outside the firm and a shitload of others willing to work the hours for $60K. Simple supply and demand.

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But clearly none of us did, because we are all working PA and not for any of these finance firms :)

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No promotion bonus at deloitte. You will only get your annual bonus.

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There is a base raise and a promotion raise. You won't be eligible for AIP until next year

What's AIP

@EY2 it's because of experience. At the staff and early senior level the work isn't that tough. Less specialized, can be done by numerous people. Therefore the supply and demand curve dictates the price. At the Manager level and above the experience justifies higher salary. Outside opportunities pay more so the firm has to compete with those salaries as well to make sure people stay.

Unless you studied finance or risk management in which case there are many jobs paying over 60k^

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