Please ensure Javascript is enabled for purposes of website accessibility

Compensation Watch ’21: Grant Thornton Is Dragging Its Feet On Announcing Mid-Year Raises (NEW UPDATE)

[UPDATE on Dec. 23] Now that it’s been two weeks since we started to hear that Grant Thornton employees were getting mid-year salary adjustments, let’s take a look at the GT comp adjustment thread on Reddit to see what some GTers got:

Associate 2

  • 5% (audit)
  • 5.7% (audit)

Senior 1

  • 9.5% (audit)

Senior 2

  • 7% (tax)


  • 3% (audit)

[UPDATE on Dec. 9] It seems more Grant Thornton employees were told today what their mid-year raise will be. A GTer emailed us today:

I’m a manager level employee at Grant Thornton l just had my mid-year comp adjustment discussion and wanted to pass the info along. My increase was in the mid-single digits percentage-wise.

I also heard from a senior who told me they got a 10% increase.

As we mentioned yesterday, let us know, GTers, once you’ve had your mid-year comp talk by using the contact info at the bottom of this post.

[UPDATE on Dec. 8] Well, what do we have here? A day after we posted about Grant Thornton offering employees a deluge of new benefits instead of a deluge of cash, we were told by one GTer on Dec. 8 that mid-year raise communications have arrived:

Just got a call from a partner informing me of my raise effective Jan. 1st. Would prefer not to provide the exact figure, but let’s just say it’s a percentage in the upper single digits. Manager level.

Well that’s good news. Hopefully the dominoes start to fall for everyone else soon. I checked in with another source at Grant Thornton this afternoon who told me he/she had not heard anything about mid-year salary adjustments yet:

I’d be very much behind mid-year raises. Everyone has been pretty overworked recently and people are leaving at a pretty high rate.

Hang in there, friend. Hopefully you and your colleagues will soon be rewarded with a bump in pay for all of your hard work this year providing dynamic client service to GT’s chosen markets. Keep us posted, GTers, once you’ve had your mid-year comp talk by using the contact info below.

Related article:

Grant Thornton Is Trying to Keep Heinies In Seats By Giving Raises Enhancing Benefits

[Original post from Nov. 30.]

Last week after we got a tip on mid-year raises being imminent at BDO USA, I wanted to know what—if anything—was going down at Grant Thornton. It seems the Purple Rose of Chicago has been keeping mum about salary adjustments for employees, according to a few GTers who have posted on the usual online chatter sites.

You would think the seventh-largest accounting firm in the US, which saw revenue increase by 2.6% in FY 2021, would sock away a little extra money for employee appreciation. But so far radio silence from management, outside of mid-year raises were being considered, according to a tip we received last week:

There was an audit all-hands call a few weeks ago and the national audit leader said they were considering mid-year raises, but nothing official has been communicated at this point.

However, there might be some good news on the horizon:

There is a firm-wide call scheduled for December 17th, which I suspect will include an announcement of mid-year raises.

We hope so. If not, there likely will be a whole slew of Grant Thornton employees taking their talents elsewhere in 2022. And who could blame them?

Related articles:

Compensation Watch ’21: BDO USA Is Dangling a Mid-Year Raises Carrot
Despite a 2.6% Increase In 2021, Grant Thornton Couldn’t Catch BDO USA In the Midtier Firm Revenue Pissing Contest
Compensation Watch ’21: Did Grant Thornton Give Employees Briefcases Full Of Money This Year?

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.


  1. The adjustments are also based on market. Some offices have been devastated by resignations; those offices had much larger raises. For offices with minimal turnover, they received paltry raises.

Comments are closed.

Related articles

illustration signifying layoffs

Grant Thornton Layoff Numbers Are In (UPDATE)

Ed. note: We’ve received some additional information about layoffs, see update at the bottom. The other day Grant Thornton sent out a firmwide email packed with words like “difficult but necessary decisions,” “values and culture,” and “continued investment in growth” to inform everyone that heads were soon to roll. While pointing out that “unlike peers,” […]


Layoff Watch ’23: If You Work at Grant Thornton, You Might Not By the End of the Week

Earlier this afternoon we received a tip: Grant Thornton to perform layoffs across the firm. Numbers unknown. Areas impacted unknown. Well then, that’s not very helpful is it. A quick search uncovered this Reddit thread from a few hours ago which along with many comments about how these hoes ain’t loyal contains what appears to […]