[Updated on Dec. 22] Quick update on the folks at BKD. Apparently mid-year compensation adjustments were doled out on Dec. 17, and some BKDers posted their raises in the comments section. Based on what was posted, raises ranged from 2.3% to 4.2%.
So, how did the rest of you fare? Let us know in the comments section or get in touch with us using the contact info at the bottom of this post.
[Updated on Dec. 13 with additional information at the bottom of article originally posted on Dec. 1.]
BKD employees have something in common with employees of BDO USA and Grant Thornton … besides working in the hellscape that is public accounting: They supposedly are getting mid-year raises but have no idea about how much they are going to get.
From the tipline last weekend:
BKD also announced a significant pay increase effective in January. The CEO said most staff will get it so some people will be left out e.g. maybe new hires.
Yeah, newbies don’t deserve an extra dime until they suffer the indignity of climbing through a hula-hoop during Camp BKD to prove they can provide “unmatched client service.”
When asked if he or she knew how significant the salary adjustment would be, our tipster said:
Nope. Everyone wants to know because BKD is a “frugal” firm so it probably won’t be significant or it will seem significant to BKD.
Be sure to shed some light on BKD’s payouts once you guys know any details by using the contact information below.
[UPDATE] Hearing that the 4% to 6% mid-year comp adjustment mentioned by the BKDer in the comments section is likely the range that Tom Watson & Co. will be handing out on Jan. 1. In addition, an incoming audit associate at BKD in the Dallas-Fort Worth area told us the firm recently raised his/her original offer by nearly 5.4%:
Original Offer: $56,000
New Offer: $59,000
I found this out early because I had emailed my recruiter regarding any potential adjustments due to my classmates getting adjustments as well.
Keep up posted, BKDers, if your mid-year comp adjustment falls within that 4% to 6% range by using the contact info below.
I hear through the grapevine many markets will have adjustments between %4-6, effective Jan 1. Original comp cycle is later in the year, likely they weren’t too far off in most markets during September but now the incremental raise is primarily for PR purposes and to stave off any additional attrition.
Thanks!
Deloitte released their mid-year raises today too. Low double digits for this Senior.
Rumor is the max is 50% of the October adjustment
The communications are coming out later today. We’ll find out for sure shortly.
Mine came in at 3%, weak.
I received a 4.2% increase. I figured it wouldn’t be much since HR waited to midday Friday with most partners taking the afternoon off to start their holiday break.
Mine was 4.099%. Hoped for 8-10%. Weak bandaid. If that. Doesn’t solve the ongoing issue.
I received 2.6% as an associate, another associate got 2.3%.
Yeah, BKD are our auditors and they have Senior Managers in-charging audit engagements. I left BKD as a Senior Manager and that would have been rare for an SM to have to drop down to that level of service. BKD is a good firm but years of chronic under hiring in some markets and binning people off whenever they have any hint of slack in staffing will always hold them back. Still a great training ground for future director level finance positions in industry, just stay in as long as you can stand it.