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Accountants Don’t Bitch About Their Pay as Much as Workers in Other Professions Do

Posted on by Going Concern News Desk

LinkedIn recently came out with its latest Workforce Confidence Index survey, in which more than 32,000 U.S. professionals—including accountants—were asked if they felt well-compensated for the work they do. Fortunately for LinkedIn researchers, they conducted an online poll instead of having to wade through all the muck posts of accountants giving digital fellatio to their firms, patting themselves on the back for obtaining the CGMA, and posing with a pile of textbooks they can now burn after passing the CPA exam to see if they were pleased with their paychecks.

Believe it or not, the survey revealed that more than half of accounting professionals say they are happy with their pay (if this survey was conducted on r/accounting or on Fishbowl, the results would likely be different):

The workers who are the most unhappy about their pay are educators (39%), entrepreneurs (41%), and social service workers (43%).

Keep in mind, this survey was conducted before KPMG held compensation discussions with employees. Had Klynveldians taken this survey, that 52% for accountants probably would have dropped a percentage point or two.

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The latest from the moneymailbag:

Hi Caleb,
Can we get a thread opened about Grant Thornton raises and promotions. We started finding out promotions yesterday and the raise info came along with it. Thanks,

Not much news out of Grant Thornton lately so thanks for reaching out. The last we heard from Purple Rose of Chicago was that auditors were wanting their raises and bonuses to rival the Big 4 after a hellish busy season. I’d still be willing to be that Michelle Bachmann has a better chance of becoming President than GT’s raises keeping pace with the Big 4 but I do like a good longshot.

So if you’re in the House of Chipman and got news about a promotion, let us know and share the details of your newfound riches.

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.”

Bonus Watch ’11: PwC Gives Most of the Staff a Pat on the Back

Along with last Friday’s news of “exciting changes” coming in the compensation structure, we’ve received word a little bonus paid out PwC’s last run:

I’m a little surprised no one has emailed you about the bonuses that were paid out this last pay period to PwC associates and seniors. This wasn’t across the board to everyone like the first December bonus [Bonus Watch ‘10: PwC Holiday Payouts Coming In]. I think first years all got $500 (since they didn’t receive the first December bonus) then everyone else received a bonus that was tied to performance/utilization (and I’m told some individuals received nothing if the managers/partners thought they didn’t cut it). I’m curious what the payouts were in other markets.

I’m a second year senior in the Midwest market and got $1200. I know of another senior up for manager that received more than that. I think this is separate from whatever changes they’re going to announce this week about our pay structure. Pretty much the message I got from my partner was this was something like a down payment on the year end bonuses, which makes me believe when our year end bonuses are announced, they’re going to immediately bring up the money they gave us in December (two bonuses for some) and then this, and say that’s why our year end bonuses are lower.

The webcast is supposed to be today but we don’t have the details and haven’t heard anything yet, so keep us updated.