Practice Starting Salaries 2023

DUBLINIRL · 11-10-2023 04:37AM #1

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 · 11-10-2023 07:19AM

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

DUBLINIRL · 11-10-2023 08:54PM

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

Jim2007 · 12-10-2023 07:35AM

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

Alan_007_ · 12-10-2023 10:50AM

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

Confidential between whom?

Nothing wrong with disclosing your own salary.

Hoboo · 12-10-2023 11:00AM

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

If it’s available what’s the issue.

Jim2007 · 12-10-2023 03:29PM

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_ · 13-10-2023 10:41AM

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_ · 13-10-2023 10:44AM

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.

13-10-2023 10:48AM

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

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

Alan_007_ · 13-10-2023 01:13PM

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

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

13-10-2023 05:33PM

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

18k in Big4 in 2018?

Alan_007_ · 13-10-2023 05:45PM

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.

13-10-2023 05:46PM

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_ · 14-10-2023 12:37AM

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 · 14-10-2023 06:28AM

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 · 14-10-2023 06:30AM

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

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

DUBLINIRL · 14-10-2023 06:39AM

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 · 16-10-2023 09:51AM

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

Because they're working for accountants.

Jim2007 · 16-10-2023 01:03PM

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 · 16-10-2023 01:15PM

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 · 03-12-2023 10:35PM

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.

Practice Starting Salaries 2023

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