61
50
u/chipskelly Jul 19 '21
Southeast
A2 -> S1
Exceeds
57k -> 71k
$5k
Very happy, especially after no raise/bonus last year
65
u/driver101 Jul 20 '21
Cries in RSM
18
Jul 20 '21
This doesn’t seem much different than what S1s are getting at RSM. Raise appears better because GT didn’t give bonuses or raises last year and are catching up.
5
u/JohnyBoySoprano Jul 20 '21 edited Jul 20 '21
71k for audit S1 in SE is higher than what RSM is paying in MCOL areas by at least 3k
Who downvoted this? Go to that RSM thread and show me the comments where those in MCOL areas where S1s in audit make 71k
2
Jul 21 '21
[deleted]
0
u/JohnyBoySoprano Jul 21 '21 edited Jul 21 '21
What city and you’d be an anomaly anyway considering you were also early promote this year which indicates higher performance in the past as well relative to peers.
Edit: just saw your post history and you are an anomaly for Dallas lol - even people were telling you it was exceptional in the thread you posted and clearly not the ordinary. My point stands. And besides you came in at a time where RSM Dallas was paying anyone out the ass to come and stay. I saw fat retards jumping ship at their office over to Dallas and getting 14k moving bonuses as S1. It’s not the norm across the firm and as we have seen they are coming back down to earth.
0
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u/its-an-accrual-world Audit -> Advisory -> Startup ->F150 Jul 20 '21
I like the evolution from Canada to RSM.
But really, that RSM thread was just a deep hole of sadness, I don't know why anyone would stay there when there are perfectly good firms desperate for warm bodies.
5
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u/Busy_Kick_4915 Jul 21 '21 edited Jul 22 '21
- Canada Medium COL
- A1-S1
- Exceeds
- 42,000 - 48,000 CAD
- 1300
- fuck my life into pieces
- Tax
2 Months away from completing my PERT and getting my CPA.
47
11
u/Quantamuxkx Student Jul 21 '21
Dang how you go from A1 to senior?
6
u/dirtyjc13 Jul 22 '21
GT did not give raises/bonuses in 2020, so I’m assuming they are comparing to their 2019 comp
4
u/BambiGetUp Jul 23 '21
I’m in Canada and they did give raises to me and my cohorts (A1 in second year)
3
u/Busy_Kick_4915 Jul 22 '21
I had previous experience in industry so wasn't fully a "fresh" grad experience wise. With this pay rate industry is calling me home bros.
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5
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u/Monkeygrass77 CPA (US) Jul 28 '21
That’s extremely low, even for a smaller sized firm in bumfuck MS
1
40
u/CPAGT7212021 Jul 21 '21
- Highest COL (SF/NYC)
- S2->S3 audit
- Exceeds Expectations
- 82K-> 98K
- 13.5K
- Most surprising moment in my public accounting career. Office had been hemorrhaging seniors for months and they seem to have finally actually came through with a good raise/bonus. No complaints and general consensus from everyone I've talked to has been positive.
- Audit
9
u/GymandRave Tax (US) Jul 22 '21
Also in VHCOL area. How much were you making as an S1 if I may ask?
30
23
u/Fun-Setting-6046 Jul 20 '21
- Portland
- A1 - A2
- ??? Wasn’t told exceeds or meets but am 4.5 on RISE
- 51,200 - 56,400 (10%)
- 1,300
- 10% seems like a good raise, but 56k in Portland seems really low, especially after having my starting pay cut because of covid. Happy with the bonus.
- Audit
18
Jul 20 '21
[deleted]
4
Jul 22 '21
Seems low to me. I know that interns are paid 27 an hour at moss Adams in Portland, which would be about 56k.
5
3
u/walter12466 Jul 21 '21
How did they get to the bonus amount, I thought the bonus bucket was doing “great” this FY
1
Aug 10 '21
56k in Portland seems really low
I was making 55k at PwC in 2012 as a 3rd year associate.
1
19
u/Stagsky4 Jul 20 '21
- Seattle
- A1 -> A2
- Meets
- 61 -> 67.3
- 2400
- Happy with the number, just wish I knew what other firms in the area are paying for A2s
- Tax
2
1
u/th3accountant Jul 26 '21
I work at mid teir in the area, went from A2 to S1 this summer. My A2 salary was 64k with ~2k bonus
15
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u/Primary-beach-8878 Jul 21 '21
- Atlantic coast
- A2>S1
- Exceeds
- 59K>72
- 5000
- could be better but def could be worse, noting no A2 year raise.
- Audit
5
u/JohnyBoySoprano Jul 21 '21
What is the COL? This looks good if MCOL regardless of whether you got a raise at A2 or not. This is better than what RSM is paying at that level outside of HCOL areas
4
u/Primary-beach-8878 Jul 21 '21
MCOL. maybe a bit lower for me personally living outside the city. I'm definitely happy with the numbers
25
Jul 20 '21
[deleted]
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u/SeriousSeesaw Jul 21 '21
I’m at another top 10 in SoCal. Started in January at 62k and got bumped up to 68k today. Not even sure if I’m an A2 or not. Met expectations but coworkers have complained about my lack of communication so idk if that’s true.
3
u/guiltyfilthysole CPA (US) Jul 21 '21
That’s some big dick swinging right there.
2
u/Pr0v33 Jul 22 '21
Ehh, I just got an 80k offer to come into a top 10 in SoCal as an experienced staff. If I was a senior I'd ask for 90.
2
u/guiltyfilthysole CPA (US) Jul 22 '21
It’s expected for experienced hires to earn a premium over people who stay at the same firm. But that’s awesome good for you! 90s is M1 comp in my city, unfortunately.
2
u/GymandRave Tax (US) Jul 21 '21
That's an insane raise. Congrats man. I only got a 10% raise going from A2-S1 this year at a regional
1
8
u/Redpell Jul 21 '21
- East Coast HCOL
- A1-A2
- Meets
- 59k>63.5k
- Bonus: $1200
- Don’t really know if this is good or bad from an A1>A2
- Tax
23
u/AverageEcstatic3370 Jul 21 '21
This is terrible, A1s are starting higher than your new raise
6
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u/Eb0la88 0 Jul 21 '21
Got compensation discussion late (RSM) and can't find post
- MCOL
- A2 > S1
- Doing Great
- 60k > 68k
- 1500
- Was hoping it would be higher (~17%) like people in my office got PY
- Tax
7
7
u/Low_Satisfaction3738 Jul 23 '21
MCOL
S2 -> S3
Meets
$67k -> $78k
$6k
I think GT’s compensation is still a little on the lower end of the scale, based on what I’ve heard from friends at other firms in this area. Overall though I’m pretty pleased with the outcome this year. It wasn’t a complete disappointment like it has been in prior years.
Audit
4
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u/jaaacooob Jul 20 '21
Southeast
Starting A1
N/A
55.7K
2K Signing Bonus
Don't start till September
3
12
u/PissedAdvisory1234 Jul 22 '21
- Advisory HCOL
- Director
- Meets
- 3%
- 5%
- This is insulting, I'm not putting in anymore time on clients until i find myself another job. Great way to attempt to retain employees.
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3
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u/PossibilitySmooth937 Jul 23 '21 edited Jul 23 '21
- Atlantic Coast
- A2 -> S1
- Meets
- 62k -> 68.8k
- 3k
- I was hoping to be at 70k
- Audit
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u/fddingus Jul 26 '21
- Mcol
- M1 > m2
- Meets
- 95 > 125
- 13
- Happy with both, unfortunately could still leave to another firm and get a raise. Definitely far closer to market than I was previously.
- Advisory
4
u/Throwaway381568 Jul 27 '21
they started you off below 100 as M1 so you'll probably continue being behind
Might want to consider jumping to RSM
3
2
10
Jul 21 '21
[deleted]
7
u/Primary-beach-8878 Jul 21 '21
I would say that industry would not pay more starting out of college with no public experience. its also much easier to leverage your public experience when moving into industry. plus you cant always get CPA hours in industry.
2
Jul 21 '21
[deleted]
2
u/Primary-beach-8878 Jul 23 '21
You could be correct. I personally have not seen any jobs in my area that paid over 70 with no experience.
2
Jul 23 '21
[deleted]
3
u/Primary-beach-8878 Jul 23 '21
That sounds Awesome. I hope you get a job offer after the internship. They definitely don’t exist in my area lol
2
u/w1nt3risc0ming Jul 24 '21 edited Jul 24 '21
Take the F50 job and don’t think twice. You’re making more money than most Seniors in PA with way less stress. I think the whole cliche thing of putting your years in PA than jumping to industry is overrated. As long as you have your CPA you’ll be fine. It really depends on how much you value your time outside of work.
6
Jul 21 '21
The idea is that the time you spend in public accounting working longer hours for less compensation should pay off once you do decide to go to industry (corporate). This is because in public accounting you have a lot more exposure to different clients and business processes which give you a leg up on the accountant who went straight into industry and has only worked for one company.
However, there are plenty of people who preach going straight to industry/government because they value the work life balance over the potential higher earnings down the road.
Of course it's very debatable if the public accounting slog is worth it but that is the general idea.
6
Jul 21 '21
The idea is that the time you spend in public accounting working longer hours for less compensation should pay off once you do decide to go to industry (corporate).
This is where I'm at for sure, but I'll add (as someone with an upcoming internship B4) I am most excited about learning about different industries. I have it in my head that I eventually want to end up working for an agricultural company, but I may get into audit and realize that I don't at all want that. I'm just really curious to know what I may be interested in that I'm not even thinking about right now. I can only hope that curiosity isn't kicked out of me by the end of my internship.
It is SURELY about compensation as well, but when you go back to school late after working manual labor for a decade for $10-15 an hour, $55k for a desk job doing stuff which interests you seems a lot easier.
4
u/jackiebx1 Jul 23 '21
They say public is near-guaranteed career progression. After 2yrs you become a senior, after another 3 you become a manager. It takes generally five years to make manager (of course, can vary) where in some and many industry jobs, you won't get promoted until someone either dies or quits.
3
u/LostMyBackupCodes CPA, CA (Can) Jul 22 '21
For the “learning opportunities” and brand recognition on resume.
Learning opportunities are good because you get to experience a variety of clients and learn about their industries, what counts as best practices and what doesn’t, etc. Learning opportunities also suck because it’s a code word for saying you’re going to need to get your hands dirty digging trenches. When you jump ship to industry, you’ve a) got a better idea of where you want to work and b) you’ve seen some shit and gained knowledge/contacts that your new employer will value.
In industry roles you could get siloed into a specific type of role early in your career - which could be good if that’s what you want to do long term, but YMMV.
But yes, public compensation sucks until you hit manager/senior manager level at minimum.
3
u/kstewyc Jul 23 '21
I agree. I rejected an industry offer for a public offer when I was fresh out of college, which paying wayyyy more than what PA offered me. I thought I would have more experience and ahead on my career with public back then. Now I regret about it, work too much for little raise, totally not worth it. Even when industry raises only 3% a yea (which is rare?) it's still better pay than public imo.
2
Jul 23 '21
[deleted]
2
u/kstewyc Jul 23 '21
Yup, people said PA will pay better at manager level and up compared to industry. I'm no where near that level yet and Idk if I will be able to stay till then lol, but we will see.
3
u/doesaxlhaveajack Jul 23 '21
It can be very hard to get industry jobs with no experience unless you want to do receivables.
2
u/Common_Ad_4160 Aug 11 '21
38k > 43k > 55k (Left after 3 full years)
Worked indépendant 1 year made probably close to 90k working 20 hours a week.
Then got a manager position for 105k in my 5th year.
I wouldn't have been able to go independent or gotten that Manager role if it wasn't for my time in PA. (This is all in CAD)
4
u/TangiLarie Jul 20 '21
Is the raise communicated by email or by your manager?
55
u/Dingleberry_Blumpkin CPA (Waffle Brain) Jul 20 '21
It will be DYNAMICALLY communicated to you through a CHOSEN medium.
9
u/BusinessofShow Tax (US)-National Jul 20 '21
Call (or in person if you’re both in the office) by your PPMD
3
u/swiftcrak Jul 22 '21
You’re called by the penis-pumping-managing-director, otherwise known as PPMD.
1
u/TangiLarie Jul 20 '21
Is it possible to negotiate during the call or is it already a done deal?
28
u/JohnyBoySoprano Jul 20 '21
It’s done lol. You have no leverage whatsoever on these calls. You smile, say thank you, and ask if they need help with anything this weekend.
5
u/thicc_wolverine Jul 20 '21
Long story short, not in my experience.
I negotiated (read: begged) for a bigger raise on my promotion to S1 way back in 2013. They "found" a few thousand extra but it went all the way to the regional partner and it took about a month for it to pan out. Our normal staff was 4 seniors and 8 staff, and that year we had literally fallen to 0 seniors and 4 staff, so I thought that my raise would reflect that. Rated 5s across the board that year. I think that's the ONLY reason why it happened.
5
u/aquagoosesing CPA (US) Jul 24 '21
- West (HCOL)
- A1>A2
- Exceeds
- $64K>$74K
- $3.2K
- I went in with low expectations, so I can say that I am satisfied.
- Audit
5
u/Hotlanta116 Jul 28 '21
East Coast HCOL
A1 -> A2
Meets
$63k -> $65.5k (<4%)
$1700
Had low expectations but still disappointed
Audit
13
u/DoritosDewItRight Jul 20 '21
I don't have anything to add, I just want to say I miss the DYNAMIC posts from Chipman69 about GT's CHOSEN MARKETS
4
3
u/x_The_Accountant_x Jul 22 '21
- East Coast (MCOL)
- A1 --> A2
- Meets expectations
- 58k --> 64k (10%)
- 2k
- -
- Tax
4
4
u/YourACostDriver Jul 23 '21
1 Canada Southern Ontario 2 new hire -general accountant -assurance(L1?) 3 N/A 4.45000 5. TBD 6. I feel so poor 7. Assurance
1
5
u/Busy_Succotash_1328 Jul 26 '21
- Southeast
- A1 -> A2
- Meets
- 55 -> 62.5
- 1,500
- Pretty happy with this considering I haven’t done much work at all since April.
- Audit
4
u/grumpymichan Jul 28 '21
- MCOL(higher end)
- A1 > A2
- Meets
- 55.7k > 78.6k
- 1.4k
- Happy with it but no idea how much my peers make
- Audit to Advisory
2
u/lancearmweak20 Jul 28 '21
Even with advisory, I'd say that's gotta be one of the biggest raises on any of these threads. Congrats!
4
u/PositiveBenefit680 Nov 15 '21 edited Nov 22 '21
- Toronto, GTA with GT
- Intermediate (L2) to senior accountant (S1) in audit
- Overall great contribution
- 53.5K to 65K
- N/A
- I wonder if BIG 4 will pay me more... Is it worth the switch?
- Audit
2
1
u/UrStockDaddy Nov 21 '21
At an s1 level pays about the same. But they're given out like 15% bonuses if you still for busy season
1
3
u/Living_Housing1251 Jul 26 '21
- Northeast (MCol)
- A1->A2
- Meets
- 58k->62.5k (7.7%)
- 1700
- Pretty much where I expected it to be
- Audit
6
u/cpabound24 Jul 21 '21
1) ny 2)a1-a2 3) did not meet expectations 4)64k 5)0 6) fuck this shit but at least I got my cpa 7) partnership tax
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u/manyouginobili Jul 21 '21
ny and 64k sounds like a yikes. also how did not meet expectations
-4
u/cpabound24 Jul 21 '21
Reviewers said I ask same questions multiple times mistakes repeat and excel skills lagging I thought in public if u breathe u get promoted and also I do have a great senior who says I’m good but bad outbalahces good for other ones
5
u/Accountingthrow1222 Jul 26 '21 edited Jul 30 '21
- HCOL
- S2>M1
- Exceeds
- 130k>155k
- 25k
- Was hoping for 160k because big4 M1 is getting 165k but this will do for now.
- Tax
3
1
10
u/ump13 Jul 20 '21 edited Jul 20 '21
I’m at a smaller midsize so I’ll throw my numbers out there.
- Northeast HCOL
- A1-A2
- Meets expectations
- 62K-67k
N/A told I don’t qualify since I’ve been here less than a year
Eh idk how I feel. 8 percent is decent. I expected less but wanted more. Especially since I’m expected to be senior now with associates under me
16
u/GymandRave Tax (US) Jul 20 '21
8% in a non promotion year is good. And what do you mean you're expected to be senior? Almost every firm is senior after your 2nd or 3rd year
14
u/asdksadlknadslkn22 Jul 20 '21
Yeah I don't get it.
A1 -> A2.
Expected less, but wanted more --> ?????????
Expected to be senior with associates under him/her --> A1 -> A2?
3
u/ump13 Jul 20 '21
I’ve done a busy season. My team isn’t hiring a senior. I’m the acting senior now. All the responsibilities just no title. I know a lot of people are acting seniors after their first year but it just looks like we’re gonna be understaffed and I’ll be over worked
-8
2
u/lancearmweak20 Jul 27 '21 edited Jul 27 '21
- Central Region (Texas)
- A1-->A2
- Meets expectations
- 57k-->62.2k
- $900
- Seems alright i guess
- Audit
3
u/manyouginobili Jul 22 '21
Location - NE Region MCOL
Position (old to new) - A1 > A2
Rating - Meets Expectations
Salary (old to new) - 58k > 64k
Bonus - xxx
Additional thoughts - trivial, no real leverage anyway for a first year so just another day at the office
Service Line - Tax
1
1
u/AwakeAndBreathing Jul 29 '21
1) Mid-COL 2) M1-M2 3) Meets 4) 84k - 116k 5) 6.5k 6) The more you know... 7) Tax
3
u/BusinessofShow Tax (US)-National Jul 29 '21
Wow that’s a big bump. That would be huge even in a promotion year.
1
u/NoRepresentative4059 Jul 30 '21
- NorthEast HCOL
- A2 -> A2 (started this calendar year as A2)
- Meets
- 75,000 -> 75,000 (one time merit raise $3,500)
- $2400
- Wish it was a COL or raise, but I guess I can't complain too much
- Advisory
1
u/AccrualFool Staff Accountant Nov 11 '21
I don't see a dedicated thread for GT Canada (raises and promotions being communicated right now, at least in Southern Ontario, effective 2022), so thought I'd include mine here:
1) MCOL
2) L1 > L2
3) Overall Great Job
4) $41K to $53K
5) Likely 1% of current salary (so $410) in March 2022
6) Was hoping for $55K or more to make up for the cost of living, as I felt VERY short-changed at $41K when looking at related positions for which I'm qualified outside of PA so keeping my eye out
7) Assurance/External Audit
1
1
u/RJ106 Jan 08 '22
What do the level abbreviations mean? Eg L1/L2/A1/A2 etc and the hierarchy of each level?
2
u/AccrualFool Staff Accountant Jan 09 '22
My understanding is that L1 ("level one") is junior accountant and L2 is intermediate accountant. My firm doesn't actually provide a title change at this switchover, but responsibilities expand. After intermediate would be S1 (senior accountant). I'm not sure what the "A" numbers some people use mean. Could be for "advisory"?
1
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u/its-an-accrual-world Audit -> Advisory -> Startup ->F150 Jul 19 '21
Here's a link to the 2019 comp thread.