November 21, 2018

Salaries

CONFIRMED: Public Accounting Firm Partners Are Filthy Rich

Hear that squeaky, rattling sound? That’s a partner pushing a wheelbarrow full of cash through the hallways of your firm. Accounting Today has some highlights from the latest Rosenberg MAP Survey, which includes this tidbit: This year, the survey found that income per partner increased to $441,000, or 3 percent higher than last year. However, […]

How Are Public Accounting Salaries Stacking Up for 2019?

It’s the end of August, which means Starbucks is already slinging pumpkin spice lattes, Oktoberfest and pumpkin beers are now on the shelves of your favorite bottle shop, the college football season is about to kick off, and Robert Half and Accounting Principals have released their latest salary guides for accounting and finance professionals. Both […]

Congrats, Tax Managers, You (Barely) Made Glassdoor’s List of the Highest-Paying Jobs in the U.S.

Glassdoor recently came out with its new ranking of the top 25 highest-paying jobs in the United States, and it was slim pickings for accounting-ish positions. Keep scrolling, scrolling, scrolling down until you reach No. 24, where you’ll find tax manager sandwiched between cloud engineer and data scientist. Tax manager has a median base salary […]

Here’s Your Open Thread for PwC Compensation (2018)

So, yeah, the whole “putting the 2018 PwC compensation thread in Open Items” thing didn’t go too well. After just two responses (thanks to SlowlyDying1065 and Franchise) and a minus-27 vote rating, this thread had become a dumpster fire. But now that we’ve resurrected the article comment section, we’ve taken this discussion out of Open […]

These 10 Accounting and Finance Jobs Are Hot, Hot, Hot

So say the folks at recruiting firm CyberCoders, so plan your career accordingly: In 2018, the CyberCoders data shows that the most in-demand accounting and finance position is financial advisor, with an average salary of $85,860, followed by loan officer at $68,000 and tax supervisor with an average salary of $96,944. The job of financial […]

beech valley solutions cpas

Make $40k in Three Months This Busy Season

Imagine getting paid by the hour during busy season. Sure, salaried employment is great, and it makes sense for a lot of CPAs. But if you’re someone who isn’t sold on climbing the corporate ladder to enter yourself into the partner lottery 15 to 20 years into your career, then there’s a more flexible and […]

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Here’s Your Open Thread for KPMG Compensation Discussions (2017)

KPMG celebrated its new year on Sunday, which means compensation discussions are starting. We’ve received several tips in recent days, and a couple of them not expecting much: Firm is pushing out information that results have been disappointing, overall seeing raises and [variable comp] substantially lower than in prior years. And: I was already told […]

Going-Concern-accounting-compensation-report

The Going Concern Accounting Compensation Report Is Here

There’s been lots of talk this summer about compensation, as usual. It’s been a major part of Going Concern’s coverage since the site started in 2009. Over the years, one of the shortcomings of the coverage has been the focus on the largest accounting firms. And it’s true! We’ve focused on the Big 4 and […]

accounting firms compensation

Yakking All the Way to the Bank

Interpret that headline as appropriate. It’s a slow day out there as many of you prolong the long weekend. To keep everyone awake, we figured it was a good time to revisit the compensation discussions that are still going on: Deloitte EY Grant Thornton BDO PwC KPMG remains the last major holdout. If you’re a […]

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Here’s Your Open Thread for Deloitte Compensation Discussions (2017)

Apologies to all the Deloitte compensation junkies out there experiencing withdrawal symptoms. We received this tip awhile back and, judging by the timing, many of you are anxious to yak about what’s going on: The national call was today and comp talks with partners won’t be happening until after 8/17. The raises take effect in […]

ernst young equifax

Here’s Your Open Thread for EY Compensation Discussions (2017)

Okay, okay. I’m sure some people inside the House of Black and Yellow need a break from writing thoughtful emails to Mark Weinberger. It seems that yakking about EY compensation is the perfect way to do that. The first requests came in yesterday and have been picking up steam today. A tip from yesterday notified […]

accounting talent salary bonus

Want to Find and Keep Quality Accounting Talent? Pay Them More, Already

Smiles and handshakes will ensue. The AICPA’s mega report on the supply of accounting graduates and demand for accounting recruits will be out any day now. If the CPA robots have proliferated to a far greater degree than anyone could’ve thought, then that will be bad for lots of you. However, I believe we’ll learn […]

grant thornton compensation 2017

Here’s Your Open Thread for Grant Thornton Compensation Discussions (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 […]

accounting salaries

Wanna Talk About Money?

Looking for compensation threads? Right this way for conversations that are still going on: PwC BDO If your firm is holding discussions about performance reviews and compensation adjustments this summer, email [email protected] to share details or request a thread.

cpa exam bonus clawback

Beware the CPA Exam Bonus Clawback

You just handed in your notice and finally pulled the trigger on resignation from public accounting. It’s both liberating and terrifying. Your email box fills with things you have to do before you leave. It’s a mix of run-of-the-mill farewells and requests to set up an exit interview and transition meetings for each of your […]

pwc steven cohen

Here’s Your Open Thread for PwC Compensation (2017)

You’ve got to hand it to PwC, they’ve really embraced announcing stuff on Twitter. I’m looking forward to the day when people starting tweet their PwC compensation details at @going_concern. Anyway, here’s a tweet from last Friday: It’s #PwCPromotionDay! Incredibly proud to be celebrating everyone who is marking a career milestone today! https://t.co/vJtwzFiqrh pic.twitter.com/Mu8kwbWooh — […]

whole foods cfo amazon

Whole Foods CFO Is Going to Be Fine

Don’t you hate it when you start a new job and then, seemingly out of nowhere, another company comes along to buy your employer, likely eliminating the need for your position? And don’t you hate it when that all goes down and you pull in a few million for your trouble? That’s what Whole Foods […]

accounting-salary-survey

The Window Is Closing: Take Going Concern’s Accounting Salary Survey

Our first annual Accounting Salary Survey is off to a great start. If you have not yet completed the survey, what have you been doing? Right now we now have hundreds of responses from people at large, mid-tier and small firms, spanning the full range of industries, experience and roles, all the way from staff […]

accounting-news-robert-half-turnover

Accounting News Roundup: Employee Turnover and Tax Reform Delays | 05.18.17

Employee turnover A recent Robert Half survey found that 42% of workers are considering quitting their jobs in the next year. The number is even higher among people aged 18-34, with 68% saying they’re likely to change jobs in the next twelve months. What’s most interesting, though, is management’s understanding — or lack thereof — […]

freelancing cpas

Freelancing CPAs: What’s the Risk?

Please enjoy this sponsored content from Beech Valley Solutions. You can read more their partnership with Accountingfly here. Freelancing CPAs out-earn salaried employees in 900 fewer hours a year. That’s 900 hours – I repeat – 900 hours to watch all four hundred plus episodes of Law and Order SVU… twice. That would still leave […]

accounting salaries

Take Going Concern’s Accounting Salary Survey

Are You Getting Paid What You Are Worth? It is time to assess where the accounting industry is headed with regard to compensation levels. This is your chance to see how your comp plan stacks up against the industry. You are invited to participate in Going Concern’s first annual Accounting Salary Survey, which we are […]

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Accounting News Roundup: CMA Salaries and the Fight Over Corporate Interest | 03.17.17

Salaries Hey, congratulations to all the CMAs out there: CMAs of all ages earn more than non-CMAs, according to the IMA, which provides the CMA credential. CMAs aged 30 to 39 earn a median salary 49 to 50 percent bigger than non-CMA in the same age range. CMAs believe their certification leads to career opportunities […]

Big 4 Myth Busting: Staying Until Manager

It’s 2017 and the rules have changed. Taco shells are made out of fried chicken skin, the Syracuse mascot can get elected president, and you don’t have to stay to manager in public accounting to maximize your career.

LinkedIn Becoming More Miserable By Telling Everyone How Underpaid They Are

Pardon me for not paying attention, but someone just sent me this article about LinkedIn Salary and, I have to say, it's a pretty good idea. Not that it's novel or anything, but it will get people to 1) Give LinkedIn more data; 2) Get people to visit a site that they hate visiting. Maybe […]

Hey Look, Some Bay Area Big 4 Senior Associates Aren’t Happy With Their Pay

While I was on the road last week, a thread from r/accounting dropped into my inbox: Big 4 Bay Area office thought it would be a good idea to screw seniors with one of the worst raises since 2008 and whoa boy: They thought an $85k cap on all Seniors, regardless of performance, was a […]

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

Now that it’s fall, many public accounting professionals have been rewarded for all the hard work they put in last year. Some people are happy, some people are sad and everyone is still thinking, “I don’t get paid enough for this shit.”

Starting Salaries for Accounting Positions Keep Going Up

If you're a college student studying accounting, prepare your gloat face. Starting salaries for accounting and finance positions are expected to go up 3%-4.3% next year according to Robert Half's new salary guide.

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

Just as soon as we put of up the EY compensation thread, tipsters out of Deloitte started crowing for theirs, including this one:

Here’s Your Open Thread for Crowe Horwath Compensation Discussions (2016)

It's unfortnate that we don't hear more news about Crowe Horwath. It's a Top 10 firm with more than $700 million in revenue last year. That means it's only one big merger away from joining the billion-dollar firm club and closing the gap between it's Tier-2 rivals — RSM, Grant Thornton and BDO. WHAT ARE […]

Accounting Firms and the New Overtime Rules

As you may have heard, the Obama administration announced new rules this past week that will make millions of salaried workers eligible for overtime: Under the new regulation to be issued by the Labor Department on Wednesday, most salaried workers earning up to $47,476 a year must receive time-and-a-half overtime pay when they work more […]

Comp Watch: Strategy& People Having the Last Laugh

Hey gang, remember a couple years ago when PwC acquired Booz & Company? Remember how we all hoped the new firm would be named something fun like Boozerhouse or BoozeCoop or Company? Remember how they went with Strategy& and no one got it and it harkened everyone back to Monday and we all had a […]

Study: Women Even Less Willing to Put Up With Crappy Pay Than Men

Partners at accounting firms probably have a hunch about why women don't stick around, but that hunch is probably wrong: A recent global ICEDR study revealed that leaders believe that the majority of women around the age of 30 leave because they are struggling to balance work and life or planning to have children, whereas […]

Bonus Watch ’16: Underachievers

Good news for the lion's share of you who are unexceptional: you're getting paid!

Accounting Firms Need To Have More Transparent Conversations With Employees About Compensation

I missed this HBR article from earlier in the month, but it's about money, so I figure it's worth covering.

Last Call for Compensation Discussions

Should you be looking for the discussion of KPMG compensation for this year of our lord, 2015, let us direct you this way. And should you still want to participate in any of the comp discussions from this year, here are the firms we covered: Baker Tilly BDO Deloitte EY Grant Thornton McGladrey PwC That's […]

Would You Work for Revenue Share?

This post is inspired by Jeff Maddux CPA, so you can send your hate mail there. Just joking keep it coming, I love it! His idea (see tweet exchange) was actually really good. You don’t need me to harp on about value based billing (It’s almost as played out as "cloud"). Our firm was on […]

Here’s Your Open Thread for KPMG Compensation Discussions (2015)

Aka: KPMG Kompensation Konversations or KKK for short.

Employers Willing to Haggle Over Salary for Decent Accountants

Accounting Prinicpals has found that employers looking to hire accounting and finance professionals are more willing to negotiate over salary than they were "six months […] to a year ago." That's good news for anyone who correctly answers the most important interview question that accountants are asked. [JofA]

KPMG Kompensation Konversation Kountdown

We're in the late innings of compensation season, which is always a sad time. Or, for some of you, a relief. If you're still catching up on the discussions among the largest accounting firms, please direct yourself down to the bottom half of the page where you can see all of the firms we've covered. […]

Compensation Threads, Now With Extended Hours

Because our editor has been predisposed most of this week and you've been so well behaved, we're re-opening compensation discussion comments for your reading and kvetching enjoyment. It's also a nice surprise if you were late to your firm's compensation discussion and didn't get to participate (although it doesn't explain what you've been doing all […]

Here’s Your Open Thread for Deloitte Compensation Discussions (2015)

It's been an interesting year at Deloitte.

They became the first accounting firm to elect a woman as CEO. They're trying to do away with performance rankings. And Deloitte Disneyland has made every one of us sick (envy for non-Green Dots; indigestion and wicked hangovers for the employees).

How Would Salary Transparency Go Over at Accounting Firms?

In case you're new round these parts, compensation is a popular topic of conversation.

This Way, Please

You look lost. You'd like to find some lively discussions about compensation at the largest accounting firms, you say? Lucky you, we know of some: PwC McGladrey Baker Tilly Grant Thornton BDO If your performance reviews and compensations chats have occurred and you want to discuss them, send us info or start a thread in […]

Directing Traffic

Looking for a compensation discussion thread, you say? There are several going on right now, so follow these links to your firm of choice: PwC McGladrey Baker Tilly Grant Thornton If your firm deserves a thread of its own, drop us some info on the process and timing or throw one up in Open Items. 

Here’s Your Open Thread for Grant Thornton Compensation Discussions (2015)

The last time we teased with talk of GT compensation, our tipster seemed impatient and harboring inflated expectations. Hopefully most of you McGuire Munchkins are either more patient or realistic about your comp news. Or perhpas you've adopted, "I don't care about money anymore," as your personal comp season motto. That'd be a fun surprise […]

Here’s Your Open Thread for Baker Tilly Compensation Discussions (2015)

We were gently reminded that Baker Tilly compensation discussions happened around this time last year, so it behooves all of us to start the 2015 version today. It should be mentioned that in last year's thread the first comment warned against participating in the merrymaking: We were specifically warned by management not to share results […]

Here’s Your Open Thread for McGladrey Compensation Discussions (2015)

Some restless Mickey G’s (soon-to-be RSM) employees have been tapping on our shoulders this week:

Here’s Your Open Thread for PwC Compensation Discussions (2015)

Oh, look, it's mid-June. Busy season is over and compensation season is here. Yes, it's time to find out which of you have been justly rewarded for your efforts and which of you are feeling like an untipped bathroom attendant. PwC is always the pacesetter in comp discussion season and we appreciate their consistency, as […]

Counteroffers Rarely Work for Employees Jumping Ship

A recent Robert Half study found that 78% of CFOs don't extend counteroffers to employees who are leaving. Chris Jensen, CPA, cgma, explains: “In most cases, when someone leaves and gives you the heads up, it’s probably best for both parties to separate,” said Jensen, the CFO at Pinnacle Exhibits in Hillsboro, Oregon. “They’re ready […]

Is the Pay Gap in Public Accounting Firms Widening?

American Lawyer has an interesting story about the growing pay gap in law, meaning a small handful of top guys are bringing in $10 million or more, while the low level grunts at the associate level are bringing home a paltry $160,000, on average. Let’s take a look:

#TBT: What a Competent American Accountant Made in 1910

Since you guys care so much about salaries, let's talk about what the average accountant made in the year 1910. This was before the The American Association of Public Accountants (AAPA) changed its name to The American Institute of Accountants, which would become the American Institute of Certified Public Accountants in 1957. From this pretty […]

Celebrate the New Year with Accounting Salaries Charted by Company Type, Role, Service Line and More

We present the following charts for your enjoyment, amusement, and/or bewilderment.

Here’s Your Open Thread for Public Accounting Full-Time Offers: Fall 2014

Did you recently get an offer? Have you been dying to have an avenue to share how much you'll be making and who you'll be working for? BOY are you in luck! This is your place to find out how your offer stacks up. If you're feeling cheated — or, worse, if you didn't get […]

The CGMA Blog is Excited About the CGMA Exam

Because of course they are. Excited?  About an exam?  Seriously? Yes, seriously.  As studious and determined people with big dreams and ambitious life goals, we’re used to being tasked with reciting formulas, choosing the best answer and memorizing large quantities of information in order to prove our aptitude in traditional school subjects.  But how do […]

Survey: What Was the Salary at Your First Accounting Job?

If you remember, that is. Personally, I do. The job was with a boutique CPA firm and they offered, and I accepted, $43k. This was 2003.  I imagine most people vividly remember their first job's salary. The feel of the paper it was printed on or the person who called with the news. But the […]

How to Find All the Compensation Threads on Going Concern For Total Idiots

So, the other day we got this gem in the tip box — which, by the way, isn't supposed to be used for crap like this as I have told you people 1,000 times: This website is terrible and very disappointing this year. It is impossible to find comp watch's for 2014 for big 4. […]

Lifehacker Makes the Crazy Suggestion Salaried Workers Should Calculate Their Hourly Wage

My fellow salaried workers, take a moment to read this: In a (very good) Quora post, [film producer Christopher] Pollock lists 10 lessons everyone should know about personal finance. They're all great, and many are lessons we've talked about before—but this one caught our eye: "Your hourly earnings are important. Your annual earnings are not. […]

Here’s Your Open Thread for KPMG Compensation Discussions (2014)

We have held off on this one as long as we can, but some of you are anxious to get the results from our Compensation Survey and the only thing holding us up is this here compensation discussion. So let's get to it! Since compensation season kicked off, we've learned that accounting firms are having […]

IMA Survey Shows Men Make More Than Women and Certifications Matter

The Institute of Management Accountants salary survey came out yesterday, and you should check it out if you're into that sort of thing. Quickly while we're on the topic of salary, consider this your friendly reminder that the Going Concern Compensation Survey is still open and it would be great if you can take a […]

FT Offer Watch: Public Accounting Starting Salaries for the Class of 2014

We know those of you awaiting offers have been watching compensation threads tick by thinking to yourselves "man, I can't wait to get my offer and compare my salary to those of my fellow interns-turned-FTers in one big monetary weenie measuring contest on GC!" and day after day goes on with no one mentioning offers. […]

Deloitte Compensation Discussions Redux

We sent out a little reminder about where to find the EY comp thread earlier this week and it seemed to help a lot of people find their way.  But judging by the activity, it seems some Green Dots could use some help finding their money talks/bs walks thread as well. Allow me to direct you Deloitte […]

Here’s Your Open Thread for Deloitte Compensation Discussions (2014)

The Life at Deloitte Twitter account didn't tweet about compensation discussions happening (although we do know she recently moved to the new Orlando consulting hub and she's a legal Florida citizen now), but the tip box delivers: Deloitte Tax national comp webcast was today.  On Aug 21 everyone will receive a statement online with raise […]

Here’s Your Open Thread for Crowe Horwath Compensation Discussions (2014)

It's August. It's hot. The collective stench of human bodies and rotting trash hangs around like that unwelcome friend who won't stop talking about his latest dating failure. There's little you can do but hold your nose and wait for it to pass. Lucky for us, we can still have the public accounting firm summer […]

Grant Thornton to Employees: “Your Compensation Notice Is In the Mail”

We wondered why our premature Grant Thornton compensation thread was a tad crickety. Now we know. From our tipster: We just got a message from National HR regarding comp adjustments.  It appears that all comp adjustments will first be communicated via snail mail, as opposed to one-on-one conversations in with practice leaders.   In years […]

(UPDATE) Here’s Your Open Thread for Grant Thornton Compensation Discussions (2014)

This just in: GT has received performance ratings in the West Region (If not entire U.S.). Compensation talks are beginning for FY14. OH JOY, someone alert the media! Oh wait, we are the media. Well consider us alerted! Last year, the news was bad, even by Grant Thornton standards. We aren't sure what to expect […]

Compensation Survey: Which Firm Pays the Most?

We've only been talking about this endlessly since we first put it together but until we close the Going Concern Compensation Survey (hey look there's a link to it, you should go take it), we're going to keep talking about it. In order to keep your interest, we're going to tease you with a fancy […]

Comp Watch ’14: Here’s Your Open Thread For McGladrey Compensation Discussions

We're coming straight out of Comp…ensation today with word that McG is joining the comp party with talks that started late last week: I just wanted to mention that McGladrey has started their compensation meetings so you may want to create a thread at this point. Consider your wish granted, young man. Two things: this […]

Here’s Your Open Thread for Baker Tilly Compensation Discussions (2014)

Yes, Baker Tilly. We believe in equal opportunity kvetching when it comes to public accounting employees and their pay.  We received this tip in the tip box late yesterday: Ratings and promotions have been announced for Baker Tilly, at least in the Greater Wisconsin region. Compensation talks shouldn't be far behind. Now, because ParenteBeard is […]

(UPDATE) Here’s Your Open Thread for PwC Compensation Discussions (2014)

Over the last 24 hours, we have been bombarded with tips that PwC comp discussions are happening. Historically, PwC has been first to kick off comp talks and it appears that's the case this year as we've yet to hear about any discussions at other firms. Let's head to the tip box and see what […]

Survey: CFOs Digging Deep Into Bag of Tricks to Attract Talent

In an unexpected revelation, an Accountemps survey found that CFOs plan to offer more money and better benefits to attract professionals with "in-demand skills." Of the 2,100 finance chiefs surveyed, 46% are improving benefits and 45% are boosting compensation. In an earlier survey, Accountemps found that CFOs are on the lookout for professionals with "[g]eneral […]

Comp Watch: Public Accounting Partners and Their Buckets of Money

This is per Accounting Today by way of the Rosenberg Survey: Income per equity partner at the nation’s CPA firms jumped 5.5 percent in 2012, climbing to $386,000, according to the recently released 2013 Rosenberg MAP Survey. If you have an extra $450 sitting around gathering dust, you can pick up your own copy of […]

BREAKING: Staff Leaving CPA Firms for More Money

According to the Rosenberg MAP Survey, which you can buy here if you feel like dropping $450, turnover at some CPA firms saw their turnover go up 50% in 2012. GAHHHHHH! Wait, it's NBD: Yes, turnover increased 50%. But the 16-18% range is about where staff turnover was at before the recession and where it […]

Here’s Your Open Thread for KPMG Compensation Discussions (2013)

UPDATE: Hopefully by putting this post front and center, this will eliminate any confusion. But try to use your inside voices. Some of us are trying to work.  UPDATE 2: It's been nearly week so we're moving this post over to the margin. Instructions re: inside voices still applies. It has been a year of […]

Here’s Your Open Thread for Rothstein Kass, Crowe Horwath, BKD, Moss Adams et al. Comp Discussions (2013)

A year ago TODAY we did the et al. compensation thread for any and all accounting firms that typically fly below the radar, so it seems fitting that we would mark the occasion again on August 29th. Plus, someone at Rothstein Kass is practically begging us: Can you please open a compensation thread for Rothstein […]

Here’s Your Open Thread for Deloitte Compensation Discussions (2013)

Back in late June, someone in Deloitte Tax was feeling optimistic enough about this compensation to share their thoughts with us. Now it's mid-August and someone's anxiety has gotten the best of them:

Here’s Your Open Thread for Grant Thornton Compensation Discussions (2013)

Last month we put out the GT comp fluffer post and with raises effective on August 1st, I suppose it's about time we gave the dynamic tattooed masses the thread they've been waiting for.

ICYMI: McGladrey Compensation Discussions Have Started and People Aren’t Getting Their Hopes Up

If you're of the House of McGladrey and you can't find the compensation thread, let me point you this way. Since conversations started on Friday, reactions are just starting to roll in and will continue through next Friday, but one source responded to our question of people's expectations this way:  Tempered would be a good […]

Bonus/Comp Watch ’13: KPMG Advisory

Sometimes on a hot summer day there's nothing better to do than talk about but money.  A recent memo from KPMG's advisory leadership entitled "Outlook for 2013 Compensation" is happy to share the news that FY 2013 has been motoring along and that they are cautiously optimistic the last quarter will round out nicely:  We […]

Here’s Your Open Thread for McGladrey Compensation Discussions (2013)

Historically, mid-July is when things get rolling at McGladrey and yesterday we received the first notice that things were starting this week.  Email went out that compensation and bonus discussions would begin on 7/12 and conclude by 7/26.  I think a McG comp thread is in order. So you have all of today to gird […]

Promotion/Comp Watch ’13: Optimism in Deloitte Tax

I just flew in from Las Vegas and boy, are my arms tired. Thanks for your patience. Your reward is the latest chatter on the promotion/compensation watch from Deloitte Tax: Deloitte Tax in Chicago let its TCII's know who is going to be promoted to senior, so I'm assuming other individuals getting promoted to manager, […]

Comp Watch ’13: At Least One Grant Thornton Dynamo Is Optimistic

On Monday, compensation kvetching season officially kicked off with PwC. Papa Whisk(e)y Charlie generally sets the tone for the rest of the summer and we see some firms adjust their plans accordingly. Of course there are plenty of firms that don't adjust their plans, but probably do so at their own peril.   ANYWAY. The PwC […]

Comp Watch ’13: This Year’s Accounting Graduates Will Be Resented More Than Ever

With an average starting salary of $53,300, the class of 2013 might have to endure some envious snipes from their Class of '12 co-workers: The average starting salary for accounting graduates this year is $53,300, up from $49,700 in 2012, Andrea Koncz, employment information manager for the NACE, told AccountingWEB. In 2011, the average starting […]

(UPDATE) Recruiting Season: Public Accounting Salaries for The Starting Class of 2013

~ UPDATE includes updated salary info after a flood of new submissions. Thanks to everyone that wrote in. Welcome to the final recruiting season roundup for 2012. Thanks for all your questions and freak outs this fall. If you ever encounter any interesting situations or simply have something on your mind that you want to […]

Compensation Watch ’12: Public Accounting Partners

The AICPA asked around and it turns out that most CPA firms across the country have a seen an increase in fees in the last couple years. That's good! Consequently, partners are doing a little better than they were just two years ago. That's good! So good, in fact, that everyone at the adult table […]

Compensation Watch ’13: Everyone

If you're one of those people that likes envisioning their career path several years in advance in order to make a bunch of elaborate plans that will likely be thrown off course by one or more life events/bad decisions, Robert Half's annual salary guide will prove quite useful. It has plenty of data, probably more […]

Public Accounting Firms Would Be Wise to Incorporate a ‘No Bitching’ Clause Into Their Bonus Structures

When you work in public accounting you meet a diverse group of individuals. They all have different life, education, and professional experiences and that’s what makes working for these businesses so interesting. Despite these differences, all these people have one thing in common. Something so basic, so fundamental to the culture of the public accounting […]

Comp Watch ’12: Crowe Horwath, BKD, et al.

Do you work for a public accounting firm? Are you employed by a non-Big 4 firm NOT named Grant Thornton, BDO, or McGladrey (thank you, Jeeeesus)? Have you received a raise and bonus that didn't meet your expectations and now you're feeling slightly envious of all the other public accountants out there whose firm gets […]

Compensation Watch ’12: Disappointment at Deloitte – UPDATE: Also, Offended!

After sending out a few fluffer posts in July to get everyone worked up, we've heard from a couple of people who had their compensation discussions today. So far the news has come from one audit and one advisory professional out of NYC. As is typical with many of you who send in tips, the […]

Bonus Watch ’13 and Beyond: Ernst & Young Rolls Out Performance Based Bonus Program

As the Black and Yellow comp conversations continue this week, we have some news to share with regards to the firm's bonus structure.  Here's a tip that came in late on Friday:  Advisory across all of the Americas had their "Super Friday" today (which is why no Advisory people have written in with their comp). […]

(UPDATE) Compensation Watch ’12: The Wait Is Over at Ernst & Young

Well, it's here. After getting everyone worked up a month ago, this week marks the start of Ernst & Young's compensation sit-downs. We've gotten word that some offices got started yesterday, some are starting today, and some start later this week. There are a number of people that have sent us messages who seem to […]

Compensation Watch ’12: Grant Thornton Starts Rolling Out the Numbers

Almost three weeks ago, we started the discussion for the Purple Rose of Chicago to help all the Grant Thornton dynamos gird their loins for this compensation season. We've received a number of requests for a follow-up since the discussions start this week and, finally, late last night someone shared their numbers with us: Grant […]

Compensation and Bonus Watch ’12: Deloitte Audit

As you recall, last week we went over the Deloitte AERS Advisory group's compensation numbers. Today, we have more comp data to share, this time for the opiners. Unfortunately, we don't have the financial results slide but most of all the other details will be included in this post. Let's get right to it, shall […]

Comp and Bonus Watch ’12: Here’s What Deloitte AERS Advisory Will Be Serving Up

Last week, we threw out a thread to get Deloitte's compensation discussion going which really dived into nothing of particular importance other than the usual bickering. It's possible that the discussion jumped the gun a bit, but if nothing else it got people lathered up and anxious for more details. Thankfully, we now have more […]

Compensation Watch ’12: McGladrey

As we continue to trudge on through the heat of compensation season, we finally heard from one of Mickey G's sherpas: Promotions are being [communicated] from 7/6-7/20 and then raises and bonuses are being announced 7/20-7/27.   Soooo blue and green archers, discuss and kvetch as you see fit but we'll just remind anyone who thinks they'll […]

Compensation Watch ’12: KPMG

This summer has not been the most stellar at the House of Klynveld. The news of forced rankings has overshadowed the ice cream screams, and with no Omaha Steaks in sight, many are in need of something to get them through the rest of summer. Perhaps this is the week that it all turns around: […]

Here’s Your Open Thread for PwC Compensation Discussions (2012)

Now that you're all adequately prepared, the conversations that will probably make or break many at Papa Whiskey Charlie have started in earnest. We've received word that they go through July 12th, so consider this post the one stop shop for all happy dances, bathroom stall sobbing, and George Costanza-esque resignations.  

Comp Watch ’12: Credentialed Accountants vs. Non-credentialed Accountants

Have you struggled to pass a certification exam? Is your reaction to colleagues that place various three-lettered credentials behind their name on their résumés a resounding "Meh"? Not too hung up on money? Great! You won't be bothered by this at all: The average reported salary of IMA members surveyed was $109,001 in 2011, down […]

Bonus Watch ’12: Top Performers in PwC Tax Get a Pat on the Back

This just in: Contribution awards at PwC were given out last pay period.  Talking to who I perceive as top performers in my group (Tax line of service), the upper range of the bonus was $1k. Some (many?) at Papa Whiskey Charlie won't be satisfied by such a paltry sum – especially since several have new […]

Bonus Watch ’12: Grant Thornton Auditors Who Manage to Ignore Their Wicked Impulses

Question for the auditors in the crowd – have you ever come across a nefarious situation in your career and thought, "You know, if doing the right thing were to pay better than doing the wrong thing, I'd walk away from this client in a second."?   Of course you have. That's pretty much the […]