Practice Starting Salaries 2023

DUBLINIRL

What are the starting salaries in practice for the new level 1/associate 1 intake?

Maybe it would help to use the following?

Firm:

Department (audit/tax/etc):

Month/year started:

Starting level:

Exam exemptions (general comment -Cap 1 / 7 AACA exams):

Jim2007

Such detailed information is usually confidential and not very professional to disclose it.

DUBLINIRL

Employers would love if their employees didn't know what the market valued them at. The more info available to employees the better!

Jim2007

The information is available, if you know where to look... and you are not exactly talking to the proletariat here.

Alan_007_

https://www.boards.ie/discussion/comment/121222060#Comment_121222060

Confidential between whom?

Nothing wrong with disclosing your own salary.

Hoboo

https://www.boards.ie/discussion/comment/121226841#Comment_121226841

If it’s available what’s the issue.

Jim2007

https://www.boards.ie/discussion/comment/121227599#Comment_121227599

There is a very big difference between seeking general market information on salaries in practice etc which is a available and asking people to disclose specific information about their employer.

Alan_007_

https://www.boards.ie/discussion/comment/121229145#Comment_121229145

Nothing wrong with telling people where you work. Nothing wrong with telling people what you yourself get paid, if you choose to do so.

If firms are paying people well then it's great marketing for them.

Alan_007_

To try to at least attempt to answer the op's question, I've heard of about €22k ish being the going rate for small practice in Cork.

https://www.boards.ie/discussion/comment/121231780#Comment_121231780

That's what the Big4 were paying in 2009. Times have changed.

Alan_007_

https://www.boards.ie/discussion/comment/121231799#Comment_121231799

I was on €18k back in 2018. This is times changing.

https://www.boards.ie/discussion/comment/121232511#Comment_121232511

18k in Big4 in 2018?

Alan_007_

https://www.boards.ie/discussion/comment/121233731#Comment_121233731

I was referring to small practice salaries, and the salary that I was on in 2018, in a small practice.

https://www.boards.ie/discussion/comment/121233783#Comment_121233783

Crazy money. Compared to what trainee solicitors get, why do accountants get such a low base salary

Alan_007_

https://www.boards.ie/discussion/comment/121233790#Comment_121233790

Oh yeah, it's not great. But I suppose they can get enough trainees at that sort of wage so no need to increase it.

DUBLINIRL

It is in the €25k to €29k range at the moment but there was some increases this year and some firms are offering a sign on bonus. I suppose the accountancy section of boards is not a popular place for people just out of college:)

DUBLINIRL

https://www.boards.ie/discussion/comment/121229145#Comment_121229145

The popularity of Glassdoor would lead me to believe most people would disagree.

DUBLINIRL

https://www.boards.ie/discussion/comment/121233790#Comment_121233790

Trainee accounts come from multiple backgrounds with some never having studied accountancy but have shown they are good students. The firm's train them up and work them hard and the vast majority will leave within 12 months of qualification which generally takes 3.5 years as they earn more in industry than practice are willing to pay for qualified senior auditors.

Trainee solicitors all study law so the pool is smaller and I suppose these firms are hoping to retain a high percentage of them so they give a more attractive starting salary to get the best possible candidates in the door.

It basically comes down to what rate they can bill the trainees out and one industry wants to retain them post qualification while the others needs only about 20% to stay around for a while longer.

Hoboo

https://www.boards.ie/discussion/comment/121233790#Comment_121233790

Because they're working for accountants.

Jim2007

https://www.boards.ie/discussion/comment/121235761#Comment_121235761

Glassdoor is completely useless a market indicator, actually all such sites are because you have no idea of who is posting there.

Jim2007

https://www.boards.ie/discussion/comment/121233790#Comment_121233790

Well there was a time when trainee solicitors were paid a lot less that trainee accountants.... why do people accept it? Probably because it is a more mobile profession with a lot bigger earning potential and financial people are very conscious of this.

Marcusm

https://www.boards.ie/discussion/comment/121229145#Comment_121229145

Considering the impending Pay Transparency Directive, your view is antiquated at best. In the U.K., such information as salary ranges for particular roles has been the subject of mandatory disclosure since mid 2000s. As the request is about Big 4 STARTING salaries then It could not be expected to be in any way confidential.