• Here’s Your Open Thread for Grant Thornton Compensation Discussions (2017)

    By | August 7, 2017

    By the sound of things, it’s time for us to open the gate on the Grant Thornton compensation thread.

    This is a little strange because, in years past, tips usually start rolling into our inbox in the last half of July. One message we received over the weekend, however, might explain the delay:

    Comp releasing tomorrow for everyone. Interestingly we are finding out new info 7 days into the year. A couple of groups couldn’t get their shit together and held up everyone’s comp release.

    We haven’t verified that this is the case, but it sounds plausible enough. When we asked for more details, our tipster didn’t have more to offer but did elaborate on the general mood inside GT:

    Don’t know which groups, but I believe in advisory. Year end meeting was last Friday and was very positive as far as numbers and outlook go. Generic tier 2 bs about competing with big 4 for audit clients and not trying to compete with bdo and the like. I’m in advisory and don’t have a good feeling for tax or audit success as far as associate/seniors are concerned. I’m sure the partners will do just fine though 🙂

    Another tipster from the audit side of the house was more indifferent about things:

    our compensation statements just became available yesterday and an email was just sent to everyone showing how to access so it would be great to get thread up. From mine and what I’ve heard we are down a bit this year.

    Maybe I’m wrong, but there’s nothing much exciting about Grant Thornton lately. Sure, they can probably take partial credit for the Cubs’ World Series win, but the first tipster’s comment about “Generic tier 2 bs about competing with big 4 for audit clients and not trying to compete with bdo” seems right. GT fights to be considered a top tier firm and above its Tier 2 peers, but it is outmatched by the Big 4 and is in a horse race with BDO and fellow Chicago-resident RSM for the top of the less prestigious second-tier heap.

    But the Big 4 vs. Tier 2 thing is mostly an overwrought conversation about prestige. I’ve always thought that if Grant Thornton compensation can keep up with the Big 4’s, then they should compete for talent easily. There is plenty of interesting work to be had with middle market clients, so GT should focus on what they do well and not try to be something they’re not.

    Anyway, I’m sure you’ve heard enough of my musing. If you’re happy (about your comp) and you know it, clap your hands and share these details:

    • Position, promotion (if applicable)
    • City (preferred) or region (we’ll begrudge you)
    • Line of Service
    • % Raise
    • % Bonus (if any)
    • Old & New Base

    And if you’re not happy with your new compensation, you can always take some infinite vacation.

    If your firm is holding discussions about performance reviews, raises, bonuses, et al. this summer, email [email protected] with the details.

    • Build_tha_wall

      Managing partner – $500,000 in equity
      Plus a hot executive assistant who I frequently engage in sexual acts.

      • Chipman69

        DYNAMIC!!!!

      • sludgemonkey

        Any back door action? Really an important distinction in a second tier firm comp evaluation.

    • Accountant

      Advisory
      9.41% Raise
      3% Bonus
      M1 85k–> M2 93k

      • theOne

        Seems low, especially for advisory. Where you at?

        • Accountant

          SE

    • mnauditor

      A1 -> A2 audit
      Minneapolis
      4.15%
      53k -> 55.2k
      $700 bonus

      seems low?

    • gtax

      S1>S2
      Northeast Tax
      3 Rating
      Raise: 4.86%, 72,000>75,500
      Bonus: 2.8%, $2,000

    • auditor

      S2>S3
      Dallas Audit
      $70.3K > $73.2K (4.13%)
      Bonus: $1.2K

      • Big4Burnout

        Damn…you’re getting shafted. Ever thought about moving from Dallas?

    • MMcGuireMustache

      A1 > A2
      Region: Texoma
      Service Line: Audit
      Raise: 56k > 58.3k (4.1%)
      Bonus: $500 (#N/A)

    • GTAdvisory

      M1>M2
      Advisory
      Northeast
      Rating: Exceeds
      Raise: 20%
      Bonus: 6%

    • Coxswain3

      I was looking for ratings in the comments and realized that they went to the new ridiculous rating system, does not meet, meets, and exceeds, aka Jim Brady cut costs by getting rid of 4’s and lumping them in with 3’s. Looks like it’s paying off, generally 4’s would be getting higher than 4%. Jim probably bought himself a nice car and an extra jar of hair product as a reward.

    • GTAdvisory

      M1>M2
      Advisory
      Raise: 20%
      Bonus: 6%
      Rating: Exceeds

    • Chipman69

      Congratulations to all of the DYNAMIC GT professionals on their DYNAMIC raises, bonuses and promotions!!!!! May your increase in compensation and responsibilities engorge your WHOLE SELF with the INSTINCT FOR GROWTH necessary to penetrate clients in new CHOSEN MARKETS!!!!! For those of you about to be counseled out, maybe you can find a job with a NONDYNAMIC firm like the Really Sad Masturbators (RSM) or the Big Dumb Oafs (BDO)!!!!!!!

    • Atypical Accountant

      Northeast Audit
      S1 > S2
      $4k raise (5.5%)
      $1.5K bonus
      Rating: Meets/Exceeds (previously 4/5)

      from what i’ve heard, everyone who got “meets” got a close to flat 4k raise

      • Big4Burnout

        Damn….sounds like you are getting screwed. Especially because Northeast markets could be NY, Boston or CT. Shoot me an email, [email protected], and we will see if we can get you something much better.

    • sludgemonkey

      Those GT guys screwed me and they’ll screw you too !