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January 28, 2023

Starting Salaries for The Big 4 Class of 2010

Per a request from our earlier post on full time offers for interns:

Hey Caleb,
I think it would be interesting to start a post on full time/internship compensation offers that have been rolling in and will continue coming to students for the next few months. Are the firms trying to lower starting compensation?

And a reader considering a mid-tier offer:

I am going into my fifth year this fall at a large university in the Southeast. I recently received an offer from mid-size firm to the tune of $49k, no signing bonus, and no CPA bonus (firm policy). My question is, in this market, is that what students are being offered in public accounting? I would just love to know what my friends at the Big 4 are getting! Because of these numbers, and me not being sure about whether or not I want to work for them, I am tinkering with the idea of going through another recruiting season. Do you think it’s a bad idea to keep this mid-size firm waiting?

So then. For those starting this fall in the Big 4, kindly enlighten the requesters with 1) your starting salary 2) your office 3) practice 4) signing bonus (if applicable) 5) Bonus for CPA (if applicable).

And give your thoughts on the reader’s question – should they keep the mid-tier firm waiting or take what they can get?

Or the commenter – are salaries looking lower from previous years or are the A1s already making A2s jealous?

Per a request from our earlier post on full time offers for interns:

Hey Caleb, I think it would be interesting to start a post on full time/internship compensation offers that have been rolling in and will continue coming to students for the next few months. Are the firms trying to lower starting compensation?

And a reader considering a mid-tier offer:

I am going into my fifth year this fall at a large university in the Southeast. I recently received an offer from mid-size firm to the tune of $49k, no signing bonus, and no CPA bonus (firm policy). My question is, in this market, is that what students are being offered in public accounting? I would just love to know what my friends at the Big 4 are getting! Because of these numbers, and me not being sure about whether or not I want to work for them, I am tinkering with the idea of going through another recruiting season. Do you think it's a bad idea to keep this mid-size firm waiting?

So then. For those starting this fall in the Big 4, kindly enlighten the requesters with 1) your starting salary 2) your office 3) practice 4) signing bonus (if applicable) 5) Bonus for CPA (if applicable). And give your thoughts on the reader's question – should they keep the mid-tier firm waiting or take what they can get? Or the commenter – are salaries looking lower from previous years or are the A1s already making A2s jealous?

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