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Started By
Message
re: How much do partners at Big 4 Accounting Firms make?
Posted on 12/21/20 at 1:17 pm to Larry Gooseman
Posted on 12/21/20 at 1:17 pm to Larry Gooseman
quote:
Poster responding to my earlier question about range for Audit/Tax managers, specifically in Atlanta.
Ahh, see that now.
0
Posted on 12/21/20 at 1:18 pm to GRTiger
quote:
Why?
I didn’t say that right. I asked for audit/tax manager range, poster provided range in the area they’re familiar with - Atlanta.
Posted on 12/21/20 at 1:22 pm to GRTiger
A lot of current and former B4 folks on this board. I did 3.5 years on the consulting side and it was great experience. I wouldn’t be where I am without that opening the door.
With that said, the travel grind and not being on control of your life finally pushed me over the edge. I got extended on a west coast project for another 12 months (after 6 months) and that sent my recruiting into hyper speed. I was flying two time zones taking 6AM flights on Monday (or Sunday night) and taking red eyes home every Thursday....on a project that wasn’t aligned with my development.
Three legs of the stool to being able to “manage” the requirements of a B4 gig:
- Quality of project
- Quality of project team
- Work-life balance
My general take was as long as you had 2/3 of those then things were in relative balance. When you only had 1/3, you could manage for a short time but, if there wasn’t a solve on the horizon, then it triggered an exit.
With that said, the travel grind and not being on control of your life finally pushed me over the edge. I got extended on a west coast project for another 12 months (after 6 months) and that sent my recruiting into hyper speed. I was flying two time zones taking 6AM flights on Monday (or Sunday night) and taking red eyes home every Thursday....on a project that wasn’t aligned with my development.
Three legs of the stool to being able to “manage” the requirements of a B4 gig:
- Quality of project
- Quality of project team
- Work-life balance
My general take was as long as you had 2/3 of those then things were in relative balance. When you only had 1/3, you could manage for a short time but, if there wasn’t a solve on the horizon, then it triggered an exit.
This post was edited on 12/21/20 at 1:24 pm
Posted on 12/21/20 at 1:26 pm to dewster
quote:
That’s in line for advisory in most markets. Audit is lower, but isn’t that much lower especially if they boomerang or were experienced hires.
Depends on what part of advisory. That’s probably even on the low side for managers including variable comp for Deloitte’s S&O, EY’s Parthenon, PwC’s Strategy&, etc. More implementation type stuff (which is the bulk of their advisory revenue) aren’t getting that.
This post was edited on 12/21/20 at 1:30 pm
Posted on 12/21/20 at 1:31 pm to bgbam07
quote:
How much we talking here?
Well, half goes to their ex-wife then figure it out from there.
Posted on 12/21/20 at 1:34 pm to Larry Gooseman
Don't scare me like that, Larry.
Posted on 12/21/20 at 1:36 pm to GRTiger
quote:
Don't scare me like that, Larry.
I visit Atlanta every 2 years or so for work training, that's more than enough.
Posted on 12/21/20 at 2:53 pm to FinleyStreet
quote:
B4 people work an ungodly amount of hours from staff all the way up to partner. It's a great gig for work-aholics. Most people can't hack it long term, though. They do their 2-5 years and get the hell out. It's a hard gig in terms of white collar jobs, but it opens a lot of doors.
Industry hours are more relaxed, but you are still putting in time around monthly close, quarter close, budget season, and audit season. Anyone interested in a standard 40 hour work week shouldn't be pursuing a career in accouting. At the end of the day, accounting is overhead, so those departments are usually run pretty thin.
Industry is just more hit or miss but yes there are deadlines and that does mean busier times than others. But how much more busy than a normal 40 hour week and for how long greatly depend on the company. I personally may work 5-6 days past 5 in a given month. And often times it doesn't go later than 6:30 or so. But I have also had a few stupid late ones. It really just depends.
Posted on 12/21/20 at 5:41 pm to jchamil
So wait these people are 5 years out and only making 120k in a city like Atlanta?
That guy talking about his son going to be 6 figures in 5 years in dallas???
Why in the frick would someone do that then? Especially if having to work more than 40 hours a week to reach that? Sounds gucking horrible.
That guy talking about his son going to be 6 figures in 5 years in dallas???
Why in the frick would someone do that then? Especially if having to work more than 40 hours a week to reach that? Sounds gucking horrible.
Posted on 12/21/20 at 8:36 pm to SloaneRanger
quote:
I have always had the impression that the Big 4 make relatively few partners.
Most won’t even make it two years.
Posted on 12/21/20 at 8:38 pm to bgbam07
don't care how much it is, I would not want to do it, can't buy time, especially doing something you hate
Posted on 12/21/20 at 8:42 pm to GamerGod
quote:
during the internship the hours were crazy but the money in a weeks time was sick because of the hours they let them have
This is by design. Interns routinely earn more than staff and seniors so they’ll sign the dotted line on a FT offer.
Posted on 12/21/20 at 8:52 pm to bgbam07
Big Accounting makes Big Law look like Santa's Workshop.
Posted on 12/21/20 at 9:01 pm to lsu777
quote:
So wait these people are 5 years out and only making 120k in a city like Atlanta?
That guy talking about his son going to be 6 figures in 5 years in dallas???
Why in the frick would someone do that then? Especially if having to work more than 40 hours a week to reach that? Sounds gucking horrible.
Atlanta is not a particularly expensive city (and neither is Dallas). Also, 90-100 is a more realistic expectation for five years out in tax or audit. They will be fine, and if they’re smart they’ll realize quickly that careers grow just as quickly in industry with better money and work/life balance.
Posted on 12/21/20 at 10:06 pm to gthog61
quote:
especially doing something you hate
Who says you hate it?
There are people out there that love this kinda stuff
Posted on 12/21/20 at 10:16 pm to southernelite
Too much
Posted on 12/21/20 at 10:50 pm to ChickennBiscuits
More like interns were paid by the hour and the staff were salary. I’ve been both lol.
Posted on 12/21/20 at 11:32 pm to bgbam07
.
This post was edited on 12/23/20 at 12:27 am
Posted on 12/22/20 at 12:39 am to BeepNode
500k is about the lowest I have heard recently for partner (new income partner). Top side in the millions. Next tier firms can start in the 400’s.
Interesting hearing the new salary talk - I was $26,500 in the late 90’s with Coopers lol.
Interesting hearing the new salary talk - I was $26,500 in the late 90’s with Coopers lol.
Posted on 12/22/20 at 12:49 am to igoringa
.
This post was edited on 12/23/20 at 12:27 am
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