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 Topic: KPMG ( Topic Closed)
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CPA-HOOD
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Joined: 22 Sep 2010
Location: United States
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Posts: 119
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| Posted: 25 Sep 2010 at 14:34 | IP Logged
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hkicpa wrote:
I think in terms of salary, it is pretty much standard for
everyone, with no room for you to negotiate. The point is all Big Four
usually pays the same salary to everyone. For 2006, it would be 50K for
entry level. I graduated in 2005. From what I heard, it was 40K back then.
In 2007, all second tier pays 52K. I am not sure how you can negotiate a
higher salary when the market pays the same to everyone.For non big
four and second tier firms, perhaps you can negotiate with them because
their salary is usually lower. I knew a couple of people who got paid 30 to
35K in the first year, which is very bad. My suggestion is unless u have no
choice, do not accept an offer below 45K. That was the minimum I could
accept. With 3 years of experience, you should expect 65 to 70K.
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Who cares how many years of experience you have. They pay less and
less. Small firms pay minimum wage. That sucks. But there are a lot of
people who jump on minimum pay hence the salaries go down and down.
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hkicpa
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Location: Hong Kong
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| Posted: 27 Oct 2010 at 23:04 | IP Logged
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I agree with CPA Hood, it sucks!!!
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salvi83
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Joined: 25 May 2010
Location: United States
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Posts: 290
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| Posted: 28 Oct 2010 at 00:56 | IP Logged
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CPA-HOOD wrote:
hkicpa wrote:
I think in terms of salary, it is pretty much standard for
everyone, with no room for you to negotiate. The point is all Big Four
usually pays the same salary to everyone. For 2006, it would be 50K for
entry level. I graduated in 2005. From what I heard, it was 40K back then.
In 2007, all second tier pays 52K. I am not sure how you can negotiate a
higher salary when the market pays the same to everyone.For non big
four and second tier firms, perhaps you can negotiate with them because
their salary is usually lower. I knew a couple of people who got paid 30 to
35K in the first year, which is very bad. My suggestion is unless u have no
choice, do not accept an offer below 45K. That was the minimum I could
accept. With 3 years of experience, you should expect 65 to 70K.
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Who cares how many years of experience you have. They pay less and
less. Small firms pay minimum wage. That sucks. But there are a lot of
people who jump on minimum pay hence the salaries go down and down. |
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Err...he was saying that the OP should expect that salary after working at KPMG for a certain amount of time. At least that's how I interpreted it.
For the most part the salaries at the Big 4 have stayed within the 47k - 51k range for starting associates. You might want to try glassdoor.com for more specific salary info. Salaries tend to be a bit higher in bigger metro areas for the big 4, bit only by a few thousand. I think NY associates have a horrible pay rate (mid to high 50s) for the cost of living there. But for us in the Southwest, 50 - 51k is pretty sweet.
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stochastic
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Joined: 23 Nov 2009
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Posts: 135
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| Posted: 28 Oct 2010 at 01:19 | IP Logged
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tax return wrote:
bippyme,
do you know what are the salary trends for KPMG for campus hires - esp in midwest? Also, do they pay any bonus for completing cpa within one year of your start date?
finally, is it okay for candidates to negotiate their salary, once they get an offer? |
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I haven't heard many (if any) success stories about individuals negotiating salary at any Big 4 in this climate. They pay a $5,000 bonus upon completion of the CPA exam
within one year of your hire date, which of course ends up being around $3,000 after you get drilled with tax withholdings. They do reimburse you for all exam fees, first
pass only though. They also pay for subsequent licensing fees.
Not sure what salaries are like in the Midwest or for Audit, but I'm sitting at $56,500 annual salary as a Tax Associate 2 in the PNW.
__________________
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