If 2023 is anything like 2022, the odds are stacked in your favor if you work in public accounting, according to a recent LinkedIn analysis. Professional services was among the five industries that doled out the most promotions this year:
And at the top seven largest public accounting firms in the U.S., that big promotion came with a sizable pay bump in 2022. Based on our analysis of individual firms’ 2022 comp threads on r/accounting, here is the average percentage of how much base pay increased for a few common promotions: second-year associate to senior; and second-year/third-year senior to manager:
A2->S1
S2->M1
- Deloitte: N/A
- PwC: 38.8%
- EY: 30.9%
- KPMG: 25.6% (only one entry)
- RSM US: 14%
- BDO USA: 17.1%
- Grant Thornton: N/A
S3->M1
- Deloitte: 20.1%
- PwC: 13.6% (only one entry)
- EY: 28.1%
- KPMG: 21.3%
- RSM US: N/A
- BDO USA: N/A
- Grant Thornton: N/A
So keep your nose to the grindstone, capital market servants, because good things likely await you in 2023. At the very least a pizza party or two.
