The salary status of CPA certificate holders in various companies and the market analysis of the four major companies

Analysis of the salary status of CPA holders in various companies and the market situation in the four major companies

The salary of CPA holders in the industry is quite considerable. Of course, the salary It’s not just the difference between having a certificate or not, it also depends on personal ability and work content. Below is an analysis of the salary status of CPA certificate holders in various companies and the market trends in the four major companies that I bring to you. Welcome to read.

1. The Big Four accounting firms

namely PricewaterhouseCoopers, KPMG, Deloitte, and Ernst & Young. The salary is not particularly high and may not be worth it compared to the heavy workload. But the reputation is very good, and after working for 3-5 years, there is a great hope of studying in a business school abroad or transferring to another foreign company, so it is called a "springboard for talents".

The Big Four have two positions: auditing and consulting. Much of the consulting business was spun off following the 2002 audit scandal, and consulting jobs are now harder to come by. However, even if you are engaged in general audit work in the "Big Four", there are many opportunities to learn and practice business consulting. It is worth noting that the Big Four discourage employees from going to business school earlier, so there may be some hindrance in this regard.

The reference salary for college graduates from the Big Four accounting firms: 100,000 RMB/year for PricewaterhouseCoopers, plus business travel subsidies and bonuses, etc., it may reach 130,000 RMB/year for those who often work outside the home. It may be close to 160,000 RMB/year, and the other three are slightly higher than PwC. Consulting positions pay a bit more than auditing positions.

But if you are already a CPA certificate holder and join one of the four major accounting firms, your annual salary will generally be around 300,000-400,000 yuan. As your working hours increase, if you become a partner, your salary will be immeasurable. An annual salary of one million is the norm among the four major partners.

2 Domestic Accounting Firms

The salary of CPA certificate holders in most domestic accounting firms in the industry is indeed slightly lower than that of the Big Four, but the annual salary is 250,000-350,000. The CPA holder's own value is reflected. Moreover, in terms of work intensity, the pressure of domestic firms is correspondingly lower than that of the Big Four.

3. Large and medium-sized state-owned enterprises

Domestic corporate finance starting salaries are generally not very high. The starting salary for fresh graduates is generally 50,000-80,000 yuan in the first year, but for CPAs For certificate holders, career development will be very fast, and salary increases will also be large.

According to the financial statements published by domestic listed companies, the annual salary of many financial directors or managers reaches 300,000.

4 Large Foreign Enterprises

These positions are relatively scattered, but most of them are concentrated in financial management, marketing, strategic planning and other departments. Foreign companies recognized as having high remuneration and bright futures include: Procter & Gamble, Mars, Maersk, Daimler-Chrysler, the financial department of General Motors, etc.

The salary is not as high as that of investment banks and consulting companies, but the personal training far exceeds that of investment banks and the practicality exceeds that of consulting companies, which is very beneficial to future business work. The work intensity of the above-mentioned foreign companies is generally much lower than that of investment banks, and they come with many training opportunities and are very cost-effective.

Reference salary for some large foreign companies (different departments often vary greatly, whichever is higher in the first year): P&G marketing or finance department 70,000-100,000 RMB/year, Maersk 100,000 -200,000, Mars is about 120,000. Johnson & Johnson and Unilever are slightly lower than P&G.

5 Foreign-funded commercial banks

For example, ABN Amro, Société Générale, HSBC, Barclays, etc. There is not a big gap between their investment banks and commercial banks, but the wages of each department are very different. There are some differences.

Higher-paying positions such as corporate finance (equivalent to investment banking) and private banking are often much higher than general consumer banking and insurance positions. In any case, these foreign-funded universal banks give people more comprehensive training than investment banks, and the probability of switching between various departments is greater, so the future may not be as good as that of investment banks or consulting companies.

Reference salary for foreign-funded universal banks: investment banking positions can reach 400,000-800,000 RMB/year, commercial banking positions can reach 70,000-120,000 RMB/year, and the better ones may reach 200,000 RMB/year. Year.

6 foreign investment banks

Specifically refers to Goldman Sachs, Morgan Stanley, Citigroup Global Investment Bank, Lehman Brothers, Deutsche Bank, Credit Suisse First Boston, UBS Warburg, etc. The first-class overseas investment banks all have representative offices or branches in China. Investment banks recruit graduates in China and have different working locations such as Tokyo, Hong Kong, Singapore, Beijing, and Shanghai. After working in any top investment bank for 3 years and applying to a top business school in the United States, you are almost certain to succeed. Your future is limitless after graduating from an MBA.

Investment banking reference salary (first year graduate students, undergraduate students may be slightly lower): Goldman Sachs Tokyo 900,000 RMB/year, Deutsche Asia Pacific 750,000 RMB/year, Morgan Stanley Beijing 250,000 RMB/year year (year-end dividends are calculated separately).

7 joint ventures or Chinese-funded investment banks

Including CICC and Gao Hua Securities, Bank of China International can barely be counted as one. In fact, CICC is equivalent to the Chinese branch of Morgan Stanley, with extremely high wages. Gaohua is equivalent to the Chinese branch of Goldman Sachs. It has just been established for more than a year and its future is still unclear. You can refer to foreign investment banks for wages, which are generally slightly lower.

8 foreign consulting companies

Specifically refers to McKinsey, Bain, Boston Consulting Group, Monitor Group, Mercer, Accenture and other first-class overseas consulting companies, which can be divided into management Consulting, investment consulting, human resources consulting, market consulting, technical consulting and other sectors. The salary gap among consulting companies is relatively large, but you can get a substantial salary increase after working for 3-5 years. The salary of senior consultants is no less than that of investment bankers. You can basically succeed in applying to the top business schools in the United States in consulting companies, and your future will be broader after graduating from an MBA.

Reference salary of consulting companies (same as above): McKinsey and Bain 150,000-200,000 RMB/year, Roland Berger 100,000 RMB/year, and the rest are in between. The salary increases by RMB 100 in the second year and RMB 50-100 in the third year. After three to four years, the annual salary can generally exceed RMB 500,000.

PS: Certified Public Accountant Quotes from the Big Four Accounting Firms

KPMG

CPA Exam: 1,000 per month for those who have passed the Certified Public Accountant (CPA); 5 per exam leave days, no more than 10 days. The company encourages taking two exams a year.

Business trip: 180 yuan/day.

Overtime: Overtime wages: 1.5 times for weekday, weekend 2, and holiday 3. OT will deduct ten hours per month. To simplify the calculation, it is unified to 52/h. OT can calculate the money and transfer annual leave to your own choice.

Annual leave: 10 days.

Deloitte

CPA exam: The reward for passing five CPA subjects in one test (unlikely) is 10,000. All examination and material purchase fees will be reimbursed; if you pass the CPA exam twice or more, you will be rewarded 5,000 and all expenses will be reimbursed. After passing the exam, a CPA subsidy of 500 will be added to your monthly salary.

Examination: There will be 3 days of exam leave for each subject in the first exam, and 2 days for each subsequent exam.

Business trip: 180 yuan/day (but it is said that the composition of 180 yuan is: 40 allowance for breakfast 40, lunch 50, and dinner 50=180. If the customer provides one meal, the allowance for that meal will be deducted accordingly), there is another It says that they are paid according to the project.

Annual leave: 10 days

Ernst & Young

CPA: If you pass all CPAs within two years, you will be rewarded 2,000. If you pass all CPAs, you will get 500 per month. It is the first time to buy textbooks. Reimbursement of exam and examination fees for the first two exams.

Examination: There will be a 4-day break for each exam.

Business trip: 150 yuan/day. (Some students said that this is a net fee, and there will be no deductions like KP and DTT.) If Ernst & Young travels for more than 4 weeks, the company will issue a round-trip air ticket for you to go home (Shanghai) on the weekend, once every 4 weeks.

Overtime: Overtime pay: 1.5 times for weekday, weekend 2, and holiday 3. A maximum of one meal allowance will be given for overtime work on weekday: 20 yuan. For overtime work on weekends, a maximum of two meal allowances will be given: a total of 40 yuan. The first 120 hours of OT are converted into holidays

Annual leave: 15 days

Insurance: a 10k medical insurance, 10k accidental death insurance. It seems that there is also a medical commercial insurance, that is, when you go to the hospital for treatment, you can use the money from your social security card or directly use cash. When you get the invoice and give it to the HR department, you can claim 100, but for beauty or orthodontics, you can claim 100. Except for things like that; the limit seems to be 10,000 per year. HR said it’s enough for you. My classmate also said: We have already said it anyway, there are a lot of insurances with six golds and a lot of mess, and I think the medical expenses are too high. 100 reimbursement, 10,000 yuan per year, including buying medicines and seeing a doctor. Then if you have a spouse and children, your spouse and children will also be reimbursed by the company. It means you have a spouse and a child, and the company will reimburse you 30,000 yuan.

Four golds: The four golds are paid by the individual and the company together, the individual pays 18, and there are two golds paid by the company.

PricewaterhouseCoopers

CPA: Certified Public Accountant (CPA) will give you 2,000 in one lump sum if you pass two courses. If PwC takes the exam in other subjects in the second year, there will be a 2,000 subsidy. After everything is over, 500 will be given every month for the first year.

Business trip allowance: 150/day

Overtime: Overtime pay: 1.5 times for weekday, 2 times for weekend, 3 times for holiday, Hourly rate =Annual Salary 2508, the first 36 per month Hours of OT will be counted as overtime, and subsequent hours will be treated as holidays.

Annual leave: 10 days, 2 days for Christmas, and 10 national holidays a year.

Four golds: Pay four golds plus commercial insurance. ;