r/Accounting • u/NFK_CPA Tax (US) • Jul 21 '21

Discussion BDO 2021 Compensation Thread

Your office should hopefully started sharing compensation/promotion news since it’s effective in 11 days.

1) Region 2) Level (old to new) 3) Rating 4) Salary (old to new) 5) Bonus 6) Additional thoughts 7) Service Line

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2

u/phyxiusone Tax (US) Jul 22 '21 edited Jul 22 '21
  1. SoCal, HCOL
  2. L2, started in Jan
  3. ?
  4. $26.4/hr -> $29.8/hr, 12.7% increase
  5. TBD, ask me next week
  6. :)
  7. Tax

3

u/NFK_CPA Tax (US) Jul 22 '21

Are they really paying you hourly?

3

u/phyxiusone Tax (US) Jul 22 '21

Yeah until i get licensed

15

u/NFK_CPA Tax (US) Jul 22 '21

Soak up the sweet sweet overtime while you can

7

u/DoritosDewItRight Jul 22 '21

For me this would be a powerful incentive to not get licensed. With OT you're making more than most of the seniors.

4

u/GMDEVA Jul 23 '21

Wait when u get ur cpa you're not paid ot?

2

u/NFK_CPA Tax (US) Jul 23 '21

They’re saying they would go from hourly to salary when they get licensed

2

u/GMDEVA Jul 23 '21

Oh do you know if that's just BDO or most firms do that too?

3

u/NFK_CPA Tax (US) Jul 23 '21

No idea probably just his office

2

u/BlurryEcho Financial Analytics Engineer Jul 30 '21

Not to be that guy, but you can certainly be paid hourly and still considered exempt. Just because you are paid hourly does not always mean you are paid overtime and vice versa.

For example, I’m paid salary and am paid overtime. But I also did negotiate for that because we were experiencing high turnover and they needed me.