Why do Big 4 audit managers earn ridiculously low salaries compared to the kind of work they do?

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They should join a union w teachers

likefunny

The role has been eroded

Not just for managers. Audit has low pay because of low audit fees. Banking and law have both successfully increased fees over the last 40 years while accounting had not.

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That’s not true KPMG1. Audit fees cover audit partner comp

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Cuz they leave check marks on other people’s financials for a living

likefunnysmart

Isn’t it always supply and demand?

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I’m a first year audit manager. Excluding my milestone bonus, I’ll clear $165k this year with 4 years of experience in MCOL. With the milestone bonus I’ll be at $190k. Not bad imo

upliftinghelpfullike

I’m talking TC, which includes a 20% bonus in there. I’m making an assumption that I’ll get the highest bonus, but I think it is likely

funny

What kind of work do they do? There’s a lot of people outside of accounting that work long hours and don’t get paid a fraction of what they get paid.

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This may surprise you, but not all jobs are created equal. Less complex jobs are paid less. And you could be doing the same job for less money just depending on employers.

Idk. I make pretty decent,

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What city or COL?

They are compensated for the value they bring. A monkey can do most of it. The only valuable parts are where judgement comes in which isnt often - planning really.

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This is more of it

How much do they make

That’s $25k or so above starting level for M1 in my LCOL (I’m SM4 in assurance)

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Is this at PwC? What unit ?

Welcome to public accounting!

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