Which of the Big Four accounting firms is easier to get into, Shenzhen, Beijing, Shanghai or Guangzhou?

How are the salary systems of the Big Four and Eight Accounting Firms set up?

The editor has specially sorted it out for you today

The latest Big Four and Eight Accounting Firms in 2017 The firm’s salary system is for your reference

I also compiled a version of the statistics myself, and the content is the same.

The latest salary information is here. Don’t release project and salary information that is obviously out of date for more than three years to mislead everyone

Update: The latest salary for fresh undergraduates in 2017 has increased to 8,250 yuan

The recruitment characteristics of each of the four major companies are also nonsense. I don’t know where to draw the conclusion.

80% of the employees of the Big Four all graduated from accounting and finance majors, and the remaining 20% ??are involved in various majors. The school currently has greater opportunities for postgraduate students in finance and economics colleges and overseas study, that's it.

As someone who has worked in the Big Four accounting firms for six and a half years, let me introduce the compensation system of the Big Four accounting firms.

Before talking about the salary system, we might as well take a look at the four major job classification and promotion systems:

Junior auditor (Associate, Accountant/1-2 years of experience):

Junior auditor is the first rank for fresh graduates after entering the Big Four. They usually need to work for two years and pass the assessment (scores and the number of CPA subjects required by the company) before they can be promoted to senior audit. Senior Associate. Junior auditors are divided into two sub-levels: Associate Year 1 and Associate Year 2. A Year 1 is mainly responsible for the basic support work in the project team, such as preparing various confirmation letters, executing sampling tests, filing documents, etc., while A Year 2 is the backbone of the project team responsible for the audit of most financial statement subjects. The ability can be used to audit all financial statement subjects except complex subjects such as revenue, cost, income tax and equity. The work content has also expanded from simple execution to the planning and selection of subject audit procedures.

Senior Associate (3-5 years of experience):

Senior auditors are divided into three sub-levels: SA Year 1 to SA Year 3. Starting from SA Year 1, senior auditors can become the person in charge of the on-site work of the project team. In addition to being responsible for the execution of more complex financial statement account audit procedures, they need to be more involved in the daily management of the project team, the identification and identification of audit risks. He is the right-hand man of the audit manager in higher-level work such as response, planning and selection of overall audit strategies. To be promoted from senior auditor to audit manager, you usually need to pass the examination and obtain the CPA certificate.

Manager/Senior Manager (6-12 years of experience):

Promoting to manager/senior manager means that you are responsible for all matters of the entire audit project. The focus is no longer on the execution of specific work but on the overall control of audit risks, strategies and plans. The Manager/Senior Manager reports to the Partners.

Partner (with at least 12 years of experience):

The partners of the Big Four are divided into salary partners and equity partners. , salaried partners can be understood as senior wage earners, while equity partners can be understood as shareholders of the firm, who can share more of the firm's equity returns.

Let’s talk about the salary system. The rank system determines the salary scale and rules for different ranks. At the same time, personal salary is also affected by KPI scores. Here we focus on the salary base and rules. The numbers are: It may not be accurate and does not provide details for different ratings:

Junior auditor:

The starting salary for Year 1 is currently about 7,200 yuan/month. It can be paid during the Spring Festival. Receive 13 salary, no other project bonus;

The average salary of A Year 2 is 8,500 yuan/month, and you can receive 13 salary during the Spring Festival, no other project bonus;

Junior level At the auditor level, graduate students with the same KPI score earn 300 yuan more per month than undergraduates until they are promoted to senior auditors.

Senior Auditor:

The average salary of SA Year 1 is 10,000 yuan/month. During the Spring Festival, you can receive 13 yuan of salary and no other project bonuses;

The average salary of SA Year 2 is 14,000 yuan/month. During the Spring Festival, you can receive 13 salary and no other project bonuses;

The average salary of SA Year 3 is 17,000-18,000 yuan/month. During the Spring Festival, the average salary is 17,000-18,000 yuan/month. They can receive 13 yuan of salary for the month and no other project bonuses;

Junior/senior auditors can receive overtime wages according to the hourly wages corresponding to their respective salary levels. There is a subsidy of about 200 yuan/day when traveling on business, and 10 yuan per year. days (for junior auditors) or 15 days (for senior auditors) annual leave, 10 days of paid sick leave, and basically no other benefits.

Manager/Senior Manager:

The starting salary of the first-year manager is about 30,000 yuan/month, no 13 salary, and 0.5-2 months salary will be given based on KPI score every year. bonus.

The starting salary for the first-year senior manager is about 50,000 yuan/month, with no 13% salary. Each year, 0.5-2 months' salary will be given as a bonus based on KPI scores.

There is no overtime pay for managers and above. There are 20 days of annual leave, 10 days of paid sick leave, and basically no other benefits every year.

The remuneration of partners will not be discussed.

It should also be emphasized that the Big Four are absolute model personal income tax taxpayers and will never assist employees in reasonable tax avoidance in any way. Therefore, when seeing the personal income tax figures on the pay stub every month, My heart bleeds.

The Big Four, the full name of the Big Four accounting firms, are: PricewaterhouseCoopers (PwC), Deloitte (DTT), KPMG (KPMG), and Ernst & Young (EY). They are all professionals with networks all over the world. A service organization specializing in auditing, tax and consulting services.

"Big Four" Year 1: Audit Assistant

Basic monthly salary: 7K Estimated monthly salary for outstanding performance: 10K

"Big Four" Year 2: Audit

Basic monthly salary: 8K Estimated monthly salary for excellent performance: 12K

"Big Four" 3rd year: Senior auditor first year

Basic monthly salary: 10- 12K Estimated monthly salary for outstanding performance: 16K

Fourth year of "Big Four": Second year of senior auditor

Basic monthly salary: 13-15K Estimated monthly salary for excellent performance: 30-40K

The 5th year of the "Big Four": the third year of senior auditor

Basic monthly salary: 17-21K for outstanding performance Estimated monthly salary: 40-50K

"Four "Big" 6th year: Manager

Basic monthly salary: 33k-70k

The overtime pay at this stage will not be much, but after one year of work, you will receive an additional bonus of 12-15W

Years 7-10 of the "Big Four": Senior Manager

Basic monthly salary: 100K-155k After reaching this position, the next step they need to plan is how to become a partner.

The 12th year of the "Big Four": Partner

Being a partner of the "Big Four" means that you have reached the top of the pyramid of your firm's career and become the top of the tower. Getting into the top 5 requires years of hard work and accumulation. Partners have high education and high salaries, but they also bear greater risks.

Partners make more money. Usually, they have the right to pay dividends. The most common partners are millionaires.

04 Share about the largest domestic firm

There are 9 levels of auditors, 10 levels of assistant managers, and then there are managers, senior managers, salaried partners, partners, Generally, the basic salary of an auditor 5 with a fresh undergraduate degree is 3,500, the auditor's grade difference is 220, the assistant manager 0 salary is 5,000, the assistant manager 1 salary is 5,500, the assistant manager grade difference is 330, and the manager grade difference is 440.

In addition, each department has different year-end bonuses based on their performance. Bonuses range from 0 to 24 months, mainly depending on the department partners.

It feels quite strange. I have always felt that the salary is very low, but the monthly salary is still reasonable.

Salaries in domestic firms are not very transparent, and the income gap between different departments at the same level is relatively large.

So domestic-funded offices can’t really see the basic salary, which is very low. There are also other things such as various subsidies, differential compensation, project commissions, etc., holiday fees, and year-end bonuses. It depends on the boss, so it’s not very transparent.

Having worked in two domestic-funded firms, I can only say that the gap between domestic-funded firms is still very large. There are not many high-end domestic firms in terms of basic salary, it is all commission!!!

But when the commission is actually distributed, it depends on the partners. Some are more and some are less. PS: Anyway, I didn’t get much. There are a lot of successful projects, but the amount I got was not as good as those who did less and entered early. So I resigned after staying for a while