Please ensure Javascript is enabled for purposes of website accessibility
September 22, 2023

(UPDATE) Compensation Watch ’10: More Deloitte Results Lag E&Y, PwC

From the mailbag:

Managers in the Northeast for Deloitte had their compensation call today, raises for [audit] senior promotes (2nd year to 3rd year) are confirmed at 5 to 9 percent, depending upon rating. 1st year to 2nd year are 2 to 5 percent, depending upon rating. Experienced seniors are 4.5 to 6.5 percent with bonuses from $3k to $7k depending upon rating.

This is materially flat year over year for Deloitte. Although they are giving bonuses and raises to experienced seniors which did not happen last year.


So this is similar to the news from the Midwest we reported on Friday which doesn’t bode well for the rest of the country who may have been hanging on to a sliver of hope for PwC/E&Y-esque numbers.

Discuss and keep us updated.

UPDATE, August 18th: This just in:

Confirmed on audit senior compensation webcast this morning:

Base salary increase for New Managers by Rating:

1 – 24%
2 – 23%
3 -18%

Base salary increase for Experienced Seniors by Rating:

1 – 9%
2 – 6.5%
3 -4.5%
4 – 0%

Bonus for Experienced Seniors by Rating:

1 – 7k
2 – 5k
3 – 3k

Base salary increase for 1st to 2nd year staff:

1 – 5%
2 – 3.5%
3 – 2%
4 – 0%

Base salary for new hires will not change from prior year.

Annnnd discuss.

From the mailbag:

Managers in the Northeast for Deloitte had their compensation call today, raises for [audit] senior promotes (2nd year to 3rd year) are confirmed at 5 to 9 percent, depending upon rating. 1st year to 2nd year are 2 to 5 percent, depending upon rating. Experienced seniors are 4.5 to 6.5 percent with bonuses from $3k to $7k depending upon rating.

This is materially flat year over year for Deloitte. Although they are giving bonuses and raises to experienced seniors which did not happen last year.


So this is similar to the news from the Midwest we reported on Friday which doesn’t bode well for the rest of the country who may have been hanging on to a sliver of hope for PwC/E&Y-esque numbers.

Discuss and keep us updated.

UPDATE, August 18th: This just in:

Confirmed on audit senior compensation webcast this morning:

Base salary increase for New Managers by Rating:

1 – 24%
2 – 23%
3 -18%

Base salary increase for Experienced Seniors by Rating:

1 – 9%
2 – 6.5%
3 -4.5%
4 – 0%

Bonus for Experienced Seniors by Rating:

1 – 7k
2 – 5k
3 – 3k

Base salary increase for 1st to 2nd year staff:

1 – 5%
2 – 3.5%
3 – 2%
4 – 0%

Base salary for new hires will not change from prior year.

Annnnd discuss.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

Deloitte University Is Getting Bigger Because God Forbid KPMG Have the Superior Brainwashing Compound

Dallas Morning News reported yesterday that groundbreaking on a “massive expansion” of the already massive Deloitte University campus in Westlake, Texas will begin in January. Deloitte’s been wanting to expand for a while but was waiting on Tarrant County commissioners to approve more than $5 million in tax breaks. “We certainly appreciate the great corporate […]

illustration of a chair with a box of someone's stuff and a "dismissed" sign

Layoff Watch ’23: Deloitte UK Cuts More Than 800 People Because Business is Slow and People Aren’t Quitting

Reported earlier today by Financial News, Deloitte UK is cutting approximately 3 percent of its workforce or more than 800 people. The cuts are concentrated in consulting, financial advisory, and risk advisory though a few audit and business services folks also got the axe. FN cites slowing demand in the second half of the year […]