• Here’s Your Open Thread for BDO Compensation Discussions (2016)

    By | July 27, 2016

    BDO is a firm on a roll. Just last week they announced a third straight year of 20%+ growth in revenue to $1.29 billion. They admitted 39 new partners this year, the largest class since we began covering those promotions. They're snapping up firms left and right. Yep, everybody sounds pretty happy.

    Oh, who am I kidding — there's always griping going on, at least according to this tip we received:

    BDO Houston comp talks have been taking place over the last couple days.  The legacy UHY people I've spoken to are pissed, haven't talked to a single happy camper yet.  Some are being told it relates to a tough market, oil being down, clients are hurting, etc.  Others were told that the current conditions had no influence and that these numbers are normal.  Staff with a 2016 start date are getting three figures.

    If you recall, BDO acquired UHY's Texas practice in late 2014. Prior to the acquisition, UHY was the 5th largest accounting firm in Houston. These days, they're just part of Bravo Delta Oscar machine chasing after Grant Thornton and McGladrey (ooops, RSM) for second-tier firm glory.

    But how are the rank 'n' file doing? Are they rewarded for the firm's success? That's why we'll leave this post here, so they can discuss it. As always, the GC comment hall monitors like for those participating to include the following info:

    • Position, promotion (if applicable)
    • City (region is not informative) & Line of Service
    • % Raise 
    • % Bonus (if any)
    • Old & New Base

    Bon appétit.

    More compensation season:
    PwC
    RSM
    Grant Thornton

    • Reasonable Assurance

      If this is anything like GT or RSM, this thread won’t get much traffic.

      • Mose Schrute

        It’s like a ghost town around here lately…

        • Auditor4Now

          FishBowl?

          • Mose Schrute

            Where is that spam bot from the Fish Bowl site?

      • McValue Meal Audit

        Same five people post on every thread too…site is dead.How will I now kill all this industry free time I have?

        • AaronBalake

          Same 6 people, you mean.

          • Mose Schrute

            We need more AaronBalake!

          • Mose Schrute

            Hello, AaronBalake, can you hear me?

            • AaronBalake

              Unfortunately.

            • Mose Schrute

              YES!!! HE’S ALLIIIIVE!!!

            • Tad Taxation

              I miss the good old days…

            • Mose Schrute

              Hey, baby, wake up from your asleep
              We have arrived onto the future
              And the whole world is become

              Elektronik supersonik
              Supersonik elektronik

              Great tune!!!

            • Tad Taxation

              I hear stories of the great AaronBalake, but he never comments anymore.

            • AaronBalake

              I’m still here. Just waiting for a good enough article / thread to write comments on.

    • Cpaking

      L3 to L4, Dallas Assurance
      8% raise and $3k and $2k bonuses
      Base: 56.5k to 61k
      Base seems low?

      • The Horniest Partner

        That is extremely low for the King of CPAs. Seriously, if L4 means you’re 4 years experience, I would think that is low especially given Dallas market.

        • Midtier Mope

          L4 is a first year senior or S1

      • McValue Meal Audit

        Crazy low…aren’t new hires in the mid 50’s or higher?

        • Cpaking

          Yes will finish my second year this September. Firm was acquired

          • McValue Meal Audit

            Well, then you are about right…I was at $60K going into my third busy season in Dallas….but that was 2013…so your wage hasn’t kept up with inflation.

      • Auditor4Now

        Yes, 61k is too low for Dallas Senior 1. Minimum 65k.

    • The Horniest Partner

      Looks like all the growth for BDO is going into paying the retired partners for the umpteen firms they buy every year instead of giving good raises. Of course the current partners need to get their cash too.

    • Anon123

      L2-L3 11% Raise 3k Bonus

    • rache

      L7 Assurance West region
      4.8% raise
      4.8% bonus
      90K ->94K

    • Staff2

      L2->L3
      7% raise
      $54.5k new base

    • anamoly

      L5>L6
      80k>89K
      6.25% bonus

    • NoOpinionGiven

      L5>L5 (starting 3rd year of senior)
      Assurance – east coast high COL
      10.39% raise
      2.5% bonus
      77k – 85k

    • AaronBalake

      Hey Caleb, why is it that my comments featuring my acerbic wit are in higher demand than your “articles?” The only “articles” that get any attention on this site anymore are the ones which prompt people to discuss their compensation. Things were much different when Adrienne was here. Haven’t seen B4V in a coons age. First step in solving the problem is admitting there is one.

      Adrienne, if you see this, miss you. Shoot me an email, i’ll throw you my insta handle, maybe you can throw me a follow and we can talk about your cats and tats.

      • AaronBalake

        Per your request @tadtaxation:disqus @disqus_IJh58gAM0M:disqus

      • AaronBalake

        @reasonable_assurance:disqus only because i hate you.

      • Mose Schrute

        I smell a new website brewing – Cats & Tats with @disqus_bca7XQUaGq:disqus or is it @aaronbaiake:disqus and AG!!!! I know my boys will be there – @tadtaxation:disqus!!!! BTW, where the hell is Quixote?!?!?!?!

      • Joe Auditor

        Sign me up for the RSS feed of Cats ‘n Tats!