Big Four Accounting Salary

An overview of accounting compensation at the Big Four

Big Four Accounting Salary – Overview

Students dream of working at one of the top accounting firms and receiving a Big Four accounting salary. Many hope to land a job as an associate or a staff accountant in a major professional services firm (Deloitte, KPMG, PricewaterhouseCoopers, and Ernst & Young). With several entry options into different departments such as tax, audit, and advisory, the options and opportunities are varied.

The Corporate Finance Institute hopes to provide some insights into general Big Four accounting salary figures. In fact, aside from salary and compensation, the Big Four offers experiences, resources, training, and global secondment opportunities that are second to none.

 

Big Four Accounting Salary

 

In general, for a first-year audit or tax associate, salaries among the Big Four firms are fairly similar. They can range anywhere from $40,000 to $60,000 depending on the department, country, city, and office location. A key difference in a Big Four firm is that accountant salaries don’t stay at a certain level for a long time. With the combination of skill, dedication, and hard work, it is fairly reasonable for employees to move up the ranks very quickly, which is associated with significant salary increases.

Career progression differs from firm to firm and from department to department but generally follows a pyramid-like structure.

 

Salary figures

Salary figures vary quite a lot depending on the department and location. In fact, it depends more on the country, and more specifically on the city, instead of on the firm itself. Although tax associates are usually associated with earning slightly more than audit associates when starting out, after several years of experience, salaries become quite similar and really depend on the overall performance of the individual.

Generally, compensation figures within the Big Four are almost identical with only a few minor differences. Some average numbers are shown below for salaries in the United States (in USD). Salaries in Canada, or the UK, are different and are slightly lower than those in the United States.

 

KPMG salaries:

Associate: $45,000 – $60,000

Senior Associate: $60,000 – $80,000

Manager: $100,000 – $120,000

Senior Manager: $150,000 – $180,000

Partner: $300,000+

Visit KPMG’s Career Website.

 

PwC salaries:

Associate: $45,000 – $60,000

Senior Associate: $65,000 – $85,000

Manager: $105,000 – $130,000

Senior Manager: $150,000 – $180,000

Partner: $300,000+

Visit PwC’s Career Website.

 

Deloitte salaries:

Associate: $45,000 – $60,000

Senior Associate: $65,000 – $ 85,000

Manager: $100,000 – $135,000

Senior Manager: $150,000 – $180,000

Partner: $300,000+

Visit Deloitte’s Career Website.

 

EY salaries:

Associate: $45,000 – $60,000

Senior Associate: $60,000 – $80,000

Manager: $100,000 – $120,000

Senior Manager: $150,000 – $180,000

Partner: $300,000+

Visit EY’s Career Website.

 

Some final things to consider…

 To conclude, when considering a career in a Big Four public accounting firm, starting out compensation packages are almost identical. In fact, the more important factor is about “fit.” Fit involves examining which company’s values, employees, clients, industries, and overall work culture align best with your own attributes. Even though the Big Four may generally look fairly similar, each firm emphasizes key values that are not always similar to its peers. Starting out, students should focus more on experiences, career progression, growth, resources, fit, and training provided by the firms to help them advance in their preferred career path.

 

Additional resources

CFI is the official provider of the Financial Modeling and Valuation Analyst (FMVA) designation, designed to turn anyone into a world-class financial analyst.

To learn more about accounting career, see these resources:

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