Big 4 Salary Increases throughout Training Contract

tkelly2012

Hi guys, I was just wondering if anyone had a rough idea of the incremental pay increases that the Big 4 provide as you progress through the training contract?

I understand that starting salary for someone with a Masters is about 23k starting but I would like to have a better idea of the pay in subsequent years!

Thanks in advance,
Tom

d.m.b1990

tkelly2012 wrote: »

Hi guys, I was just wondering if anyone had a rough idea of the incremental pay increases that the Big 4 provide as you progress through the training contract?

I understand that starting salary for someone with a Masters is about 23k starting but I would like to have a better idea of the pay in subsequent years!

Thanks in advance,
Tom

Think it goes like 23-26-31-36 and if kept on you end up round 45k

OnTheCounter

I would be very interested to get a full breakdown of a typical contract given to a new trainee if someone could point me in the right direction.

BigBirdie

That starting salary of 23k... Is that definite for this year or a guess from previous years? I'll be starting next year (tax) post masters and am very curious!

tkelly2012

BigBirdie wrote: »

That starting salary of 23k... Is that definite for this year or a guess from previous years? I'll be starting next year (tax) post masters and am very curious!

Yeah 23k is definite post masters in Dublin anyway as far as I can recall from other graduates that started.

notanocelot

KPMG increment to 2nd year is an additional 2K. It's a fair bit bigger for the future increments, especially after you pass FAEs.

BigGayKirk

Is it definite that you are gauranteed to end up on 40k+ after the training contract and passing all exams?

Theboinkmaster

BigGayKirk wrote: »

Is it definite that you are gauranteed to end up on 40k+ after the training contract and passing all exams?

Yes.

tkelly2012

€40k, can't go too far wrong, it can only go upwards and onwards are you progress. Like if you are young especially it's fantastic, you couldent complain about €40k when you are only about maybe 25/26.

Shane732

tkelly2012 wrote: »

€40k, can't go too far wrong, it can only go upwards and onwards are you progress. Like if you are young especially it's fantastic, you couldent complain about €40k when you are only about maybe 25/26.

Yes you could. €40k is f**k all.

ucd.1985

tkelly2012 wrote: »

€40k, can't go too far wrong, it can only go upwards and onwards are you progress. Like if you are young especially it's fantastic, you couldent complain about €40k when you are only about maybe 25/26.

No its not.

Most people will have a good/great leaving, a mimimum 2.1 degree, possible masters in accounting, a worldwide recognised accountancy qualification, 3/4 years of working in a big 4 firm and possible tax insitute qualification (those who work in tax).

€40k is not fantastic in light of the above.

tkelly2012

ucd.1985 wrote: »

No its not.

Most people will have a good/great leaving, a mimimum 2.1 degree, possible masters in accounting, a worldwide recognised accountancy qualification, 3/4 years of working in a big 4 firm and possible tax insitute qualification (those who work in tax).

€40k is not fantastic in light of the above.

Fair enough I can appreciate what you are saying but still it's just nice to have work given the current economic climate! Most will leave the Big 4 anyway for better salaries!

Rothmans

Actually, could anyone tell me how the salary goes if you do AITI only?
Also, will having only AITI qualification (and no masters) make it alot harder to get employment after the 3.5 year contract ends?

Johnny_Fontane

the thing is, the minute you reach the €40k mark your contract is generally up soon.

For big 4's the market is now €50k for newly qualifieds. Not bad considering! Plenty of roles around at the moment aswell.....

JayGatz

Rothmans wrote: »

Actually, could anyone tell me how the salary goes if you do AITI only?
Also, will having only AITI qualification (and no masters) make it alot harder to get employment after the 3.5 year contract ends?

This. I'd be really interested if anyone could offer a little insight here.

ucd.1985

Rothmans wrote: »

Actually, could anyone tell me how the salary goes if you do AITI only?
Also, will having only AITI qualification (and no masters) make it alot harder to get employment after the 3.5 year contract ends?

Have only ever heard of PwC offering / asking students do to this.

I would strongly advise against it.

Seriously limits your options post training contract.

JayGatz

ucd.1985 wrote: »

Have only ever heard of PwC offering / asking students do to this.

I would strongly advise against it.

Seriously limits your options post training contract.

Out of curiosity, do you mean you'd effectively be stuck working with PwC because you'd be competing with people with more qualifications for industry places? I've heard this elsewhere.

ucd.1985

JayGatz wrote: »

Out of curiosity, do you mean you'd effectively be stuck working with PwC because you'd be competing with people with more qualifications for industry places? I've heard this elsewhere.

Not stuck with PwC but almost resigning yourself to always working in tax.

Shane732

ucd.1985 wrote: »

Have only ever heard of PwC offering / asking students do to this.

I would strongly advise against it.

Seriously limits your options post training contract.

What?

I'm AITI qualified and currently doing the ACA exams.

Believe me you earn more money in tax than ACA.

I'm only doing the ACA to have it on my CV, it's unlikely I'll ever use the ACA qualification.

IMO if you're in tax you'd be fricking nuts to move to audit.

JayGatz

ucd.1985 wrote: »

Not stuck with PwC but almost resigning yourself to always working in tax.

Would that be so bad? I've heard careers in tax are pretty interesting/challenging/varied.

ucd.1985

Shane732 wrote: »

What?

IMO if you're in tax you'd be fricking nuts to move to audit.

Where did I say that?

I vastly limits your choices is what I said. Look any most of the financial roles on any job site. Most have accountancy qualification. As a requirement.

ucd.1985

JayGatz wrote: »

Would that be so bad? I've heard careers in tax are pretty interesting/challenging/varied.

Yes they are but not many people who exactly what's involved in the role until they have spent at least a year there.

What I am saying is that if you are only starting into your career you would be mad to get pigeon holed into just tax so early in your career.

JayGatz

ucd.1985 wrote: »

Yes they are but not many people who exactly what's involved in the role until they have spent at least a year there.

What I am saying is that if you are only starting into your career you would be mad to get pigeon holed into just tax so early in your career.

OK, I understand. What if your primary interest isn't really in accounting though?