November 20, 2018

Compensation

Holding out money

Hiring Executives with Audit Experience and Paying Them Well is Stupid, Says Research

Since the dawn of time, or at least since the dawn of the green eyeshade, corporations have looked to fill the C-suite with financially literate hires. And who, I ask, is more financially literate than a former accounting professional? Well, other than whoever is in charge of laundering drug money for the Sinaloa cartel, probably […]

KPMG Rocks signs held by a woman in a KPMG shirt

Here’s Your Open Thread for KPMG Compensation Discussions (2018)

So we might be a little late on this one, but who cares? Obviously you guys don’t, you’ve all but given up on these open threads come comp time. As such, this may be our last open thread of comp season, not just for this year but for good. It sucks we have to go […]

Deloitte sign

Here’s Your Open Thread for Deloitte Compensation Discussions (2018)

If the last couple years have taught us anything, it’s that Deloitte compensation conversations are probably going down this week in some offices. And by “conversations,” we mean raises are online and ratings are plotted out on scatter graphs. Semantics, ya know? In looking at last year’s Deloitte comp discussion, we discovered that y’all Green Dotters […]

ernst & young report ashley madison

Here’s Your Open Thread for EY Compensation Discussions (2018)

Ya know, I don’t know why we’re even bothering with this since Going Concern sucks but on the off chance one of you gets his BVDs in a bunch over us not doing it, here we are. Historically, the emails start trickling in right about this time each year, presumably after the rulers of Ernstonia are able to […]

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 […]

employee retention

Don’t Let Employee Retention Be a Casualty in the War for Talent

On the battlefield in the war for talent, there’s a mission that may be just as, if not more, critical for accounting and finance executives than recruiting a new crop of professionals: retaining the skilled employees they already have. I know, I know, you’re probably tired of seeing or hearing the term “war for talent.” […]

kpmg global big 4 structure

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 […]

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 […]

deloitte cyber attack

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 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]m to share details or request a thread.

bdo kpmg deloitte zimbabwe

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

We’ve had a couple of requests for the BDO compensation thread, and the calendar is right, so we’re happy to oblige. One tipster that works in advisory told us “I just received an email from the partner saying to stop by his office” but added, “I don’t expect anything significant.” BDO hasn’t released its revenue […]

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 — […]

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 […]

accounting salaries

How to Make More Money in Accounting

This is sponsored content brought to you by Benedictine University. Almost everyone wants to make more money and why not? A bigger paycheck helps with a lot of things — paying off student loans, saving for a down payment on a major purchase, funding a new venture, travel. If you’re a partner at a firm […]

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.”

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 EY Compensation Discussions (2016)

The bombing raid of requests for the EY compensation thread started late last week and didn’t let up over the weekend or this morning.

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 […]

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

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

Grant Thornton saves its compensation discussions for the dog days of summer. My hunch is that they like sharing disappointing news when people are feeling lethargic and unwilling to make too much of a fuss over a raise that barely keeps up with inflation.

Here’s Your Open Thread for RSM (fka McGladrey) Compensation Discussions (2016)

Early July is usually when compensation discussions start for the denizens of RSM, fka McGladrey, fka McGladrey & Pullen, fka RSM McGladrey (a division of H&R Block). Lo and behold, very early this morning, a tipster sent us a message: RSM comp thread? Partners begin communicating July 6th through 20th. Normally, we might wait awhile […]

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

June marks the beginning of compensation season and, as usual, we'll start with PwC. Will all the blood, sweat, tears and paper cuts you've endured for the last 12 months be worth it? Will the anticipation of reaching the salary figure you've fixated on for the past year become a reality? Will disappointment follow in […]

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 […]

Unhappy Accountants: Go Get a 10% Raise

Are you sick of your job? Overworked? Unappreciated? Disrespected? Micromanaged? Ignored? Underdeveloped? Harassed? Thinking to yourself, "I don't get paid enough for this shit"?  Well, you're right! You can totally go somewhere else and experience the exact same thing for 10% more than you're earning now: Businesses are vying for accountants, financial reporters and data […]

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.

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 […]

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

The accounting firm known as BDO is having a good 2015. It recently admitted 30 new partners, the largest class since GC's been covering the promotions. Revenues eclipsed the billion-dollar mark back in May, thanks to its insatiable hunger for boutique firms. Oh, and it keeps stickin' ex-CEO Denis Field with those massive legal bills. […]

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 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 […]

How’s KPMG’s Early Career Investment Bonus Program Working Out?

This month we've received a couple of tips wondering about the KPMG Early Career Incentive Bonus, something we initially covered way back in 2011. We also did a follow-up in 2013 when the first payouts were made.   For those with foggy memories, here's how it works: If you are a current CSD senior associate with […]

Comp Watch ’14: KPMG Variable Comp is Out and Some Folks Aren’t Pleased

This just arrived in our inbox this morning, let's skip the formalities and get right to it: FY15 variable comp ranges for us behind-the-scenes slaves were announced today, 12/11. Who are they kidding? Don't they realize nearly everyone at Manager and below gets a 3 rating no matter how much they do, how much they […]

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. […]

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 […]

EY Compensation Discussions Redux

With one firm's CEO announcing his retirement and another firm taking it on the chin from Ben Lawsky, you'd think most people would be satisfied with the topics of discussion on a Monday morning. Nope! Please move the EY Compensation thread to where people can actually find it and comment on it.  Update is that compensation […]

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 BDO Compensation Discussions (2014)

Well, folks, it appears BDO pulled a fast one on us and changed up the game by coming out with compensation way ahead of schedule (for BDO, anyway). Numbers have been known to come out as late as September in the past, which meant we totally ignored this person who wrote us at the end […]

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 […]

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 […]

Comp Watch ’13: Happy New Year, KPMG!

As we watch the hours, minutes, and seconds tick away to the shutdown of the federal government, it'd be inappropriate if we did not mention that KPMG's fiscal year also ends tonight. Unlike the feds, everyone at the House of Klynveld will be reporting for duty tomorrow (previously arranged PTO, excepted); however, the latest comments on […]

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 EY Compensation Discussions (2013)

The time has finally come for employees of all Black and Yellow stripes to discuss their financial satisfaction (or lack thereof) for this year.  There's seems to have been quite a bit of EY-centered discussions this summer, everything from prolific Twitter accounts to news of a lot fewer audit clients to their PCAOB inspection report that […]

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, […]

Why Yes, PwC Compensation Discussions Are Still Going On

It's week two of discussions at Papa Whiskey Charlie, so if you're looking for that compensation thread, let me point you in this direction. You're welcome.

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 […]

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

Historically, the PwC thread has been the first to hit the pages of GC and this year is no different. There was rumbling in our new feature, Open Items, on Friday that the webcast was nothing to write home about and then, very early this morning, we got word of discussions starting out west:

Comp Watch ’13: Considering a Mark of the Big 4 Beast

I suppose if public accounting firms were looking to brand their employees, offering them a 15%-no-questions-asked raise would be the way to do it: If your company offered you a pay raise to tattoo its logo on your body, would you do it? A New York City real estate company made the offer and dozens of […]

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 […]

Public Accounting Winter Intern Full-time Offers, Round 2

Today, there are a lot of dazed tax interns walking around, wondering what happened to the last three months of their lives. However! They aren't so out of it that they can't help but wonder what their full-time offers look like compared to their peers around the country. We've had a couple of requests this […]

Comp/Bonus/Promotion Watch ’13: PwC Overachievers Should Prepare Acceptance Speeches

It's April, which means there are three short months left in PwC's fiscal year. This also means your practice leaders are warming you up for the annual meeting expectations process. Along with that come promotions, bonuses, and all the other things that make all your sleep deprivation and 10 extra pounds worth it.

Compensation Watch: Internal Auditors

Good news for the internal auditors out there — a study by the IIA found that more of you are getting raises; the bad news is they also found that everyone's share is slightly smaller: The number of U.S. organizations awarding raises to their entire internal audit staff increased from 60 percent in 2011 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 […]

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: […]

Comp Watch ’12: Ernst & Young

From the mailbag: When are you going to start a compensation discussion for EY? Let me explain how this works – Adrienne and I are not mind readers. We cannot see you maniacally wringing your hands waiting for something to hit the wire so you have a place to bitch when you find out how […]

Comp Watch ’12: Grant Thornton Capital Market Servants Want Some Love

A simple request from someone out of the Purple Rose of Chicago: I know its not Big 4, but would you mind starting a thread on GT comp adjustments coming up this year? Mind? Apparently you're one of those people that think these pages devoted to the kvetching of Big 4 employees. Not so! When it […]

Here’s the PwC Comp Data In Spreadsheet Form

Of course a spreadsheet jockey with too many billable hours to burn took it upon themselves to slap together the most recent PwC comp comments into a little spreadsheet so anyone interested in comparing doesn't need to scroll through 269 comments to do it. Isn't that sweet? Obviously that is really hard to read. Don't […]

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.  

Bright Ideas: The New Jersey Society of CPAs Is Peddling a Comprehensive Compensation Report

Can I preface this post by saying I absolutely LOVE this idea? I'm not sure how many other state societies are on board with this but they need to get their butts in gear and follow the lead of NJ stat if they aren't. With the economic recovery moving forward, the New Jersey Society of […]

(UPDATE) Comp Watch ’12: PwC Auditor Wants to Load Up for His Sit-down

With fifteen days to go in the fiscal year, one capital market servant wants to go in with guns blazing:   I know some people are starting to have discussions this week at PwC on ratings (not sure of compensation) at least in the Greater Chicago Market. Mine isn't scheduled until next week, but would like to have […]

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 […]

What Kind of Raise Can a New CPA at a Publicly Traded Company Expect?

Looking for the right way to tell your colleague he has a hygiene issue? Not sure if dark khakis go with that dusty blue button-up shirt? Want confirmation that you haven't sold your soul to the Devil himself? Get in touch with us and we'll do our best to help without making you cry. Hello […]

Comp Watch ’12: CFOs

As many of you continue striving towards your career goals to occupy the CFO chair, we thought you might like to know a little information on how well that dream job pays. According to a recent Grant Thornton/Financial Executives Research Foundation survey, public company CFOs saw their average base salaries climb from to $286,500 to from […]

Comp Watch ’12: At Least One Ernst & Young Partner Is Throwing Numbers Around

From a tipster who is on his way out: A partner told me that raises for top performers will be in the 20% ballpark. Don't know if this is true. It was from a very Senior Partner in an Upper Midwest (not Chicago) office. He could just be talking. This is a Senior Associate 2 in the […]

Promotion and Bonus Watch ’12: Here’s a Confidential Guide for PwC’s Performance Review Process

Early last week we kicked off the compensation season 2012 discussion, thanks to the anxiety that is circling among the rank and file of accounting firms. Along with concerns over cold hard cash, some of you are probably curious about promotions. Luckily, someone was kind enough to leak us PwC's "FY12 ARC [Annual Review Committee] […]

Comp Watch ’12: Sizing Up the Big 4

It's the last day of April, which means that hopefully you've tied up all the loose ends that were left over from Busy Season 2012 (aka the best one yet). The month of May brings flowers, drunken afternoons at the baseball diamond in your fair city, and speculation about your compensation adjustments. Of course, some […]

And Now, Let’s Compare Three Different 15-year Compensation Scenarios

By now, you've probably had a chance to meticulously dissect the two posts that illustrated what your compensation at a public accounting firm will roughly be over a 15 year period. The revelation that you can make a pretty nice living over that time span did little to convince some people that this public accounting […]

Let’s Take a Second Look at a 15-year Trajectory of Big 4 Compensation

Earlier this week we shared some data that was gifted to us by an accountant who had nothing better to do during his AUD study break than create a spreadsheet charting your compensation for the first 15 years of your illustrious Big 4 career. Everyone seemed pretty grateful for it though, as it got people […]

What Can You Expect to Make at a Big 4 Firm Over a 15 Year Period?

It’s mid-January, which means that at some point in the next four to six weeks or so, you’ll say to yourself, “I don’t get paid enough to do this shit.” And you might be right! But the good news is starting salaries for accountants keep going up. If you’re simply annoyed with your current boss/lunch/life […]

Bonus Watch ’12: KPMG Advisory Sets Some Expectations

Our tipster, "I Need to Be Top Rated," informed us that these came out "awhile back" but since everyone has been checked out the last two months, I forgive you. Current Level 1-Rated 2-Rated 3-Rated 4-5 Rated Director /          Sr.Manager / Manager 11-15% 8-11% 3-7% 0% Sr. Associate 9-13% 7-10% 2-6% 0% Associate 7-11% 6-9% […]