How accurate are these salary figures?

JhonGonzals's picture
Rank: Monkey | 38

For post-MBA offers:

PwC MBA
Signing Bonus: $25,000 (+$10,000 if you interned)
Base: $140,000
Relocation: $2,000
Performance Bonus: up to $27,000

Ernst & Young MBA
Signing Bonus: $20,000
Base: $120,000
Relocation: $2,000
Performance Bonus: up to $30,000

KPMG MBA
Signing Bonus: $15,000
Base: $130,000
Relocation: $2,000
Performance Bonus: up to $22,750

Does E&Y still pay $120k or did they increase that to match others?

Comments (11)

Nov 23, 2014

Curious about EY's 2015 MBA comp as well if anyone is holding a new offer

Nov 23, 2014

Looks like a copy-paste from...
http://managementconsulted.com/consulting-salaries...

...so likely very accurate for 2014 starts. After several years following their salary posts, I've come to take it as gospel truth. The one complaint is that their "Total comp" math is a bit wonky; ignore it. The components are right though.

If you're looking for 2015 #s, you'll have to wait 1-2 months for them to compile full-time data and a bit longer for intern data. You might be able to find some clues in the comment section on that post. At least some MBBs have increased since last year, it appears.

To your original question, I would guess EY would have to increase, both to stay competitive with other B4 and to standardize salaries internally in light of the Parthenon acquisition. Parthenon starting comp. was among the highest in the industry.

Nov 24, 2014

Take this with a grain of salt, but...

EY: the performance bonus looks high and the base is the same as it was in 2012 so it's probably gone up since then.

PwC: Looks about right though relocation is probably too low. Not sure if the pay is different between Strategy& and the rest of PwC Advisory. I suspect it is.

That said I wouldn't worry about it until you have offers.

    • 1
Nov 24, 2014
DeloitteSandO:

Not sure if the pay is different between Strategy& and the rest of PwC Advisory. I suspect it is.

They definitely had different pay structures pre-merger, but as PwC did with PRTM and Diamond, I would expect them to aggressively move to standardize (same with EY/Parthenon). This usually means raising salaries to the level of whichever company paid more, although the change may not be immediate.

Again, I can't verify Big4 salaries very easily, but MC's numbers are usually pretty tight. Keep in mind that the "up to" bonus numbers are just that. At MBB, 50-75% of the max is typically, even for high performers.

Nov 25, 2014
brj:
DeloitteSandO:

Not sure if the pay is different between Strategy& and the rest of PwC Advisory. I suspect it is.

They definitely had different pay structures pre-merger, but as PwC did with PRTM and Diamond, I would expect them to aggressively move to standardize (same with EY/Parthenon). This usually means raising salaries to the level of whichever company paid more, although the change may not be immediate.

Again, I can't verify Big4 salaries very easily, but MC's numbers are usually pretty tight. Keep in mind that the "up to" bonus numbers are just that. At MBB, 50-75% of the max is typically, even for high performers.

The one issue I see with that is that Parthenon is not part of the advisory practice, rather EY's TAS practice. Maybe there will be two different groups hiring if you want to go into transaction advisory or traditional advisory. I could see the TAS group salaries increase.

Nov 25, 2014

1. PwC - Accurate.
2. EY - Inaccurate. Is now inline with PwC.
KPGM - Don't know.

Source: Got offers a few weeks ago from 1 and 2.

Dec 4, 2014

What do comps usually look like on year 2 and 3?

Dec 4, 2014

For Bonus, PwC use to rate everyone from a scale from 1-5 (they just changes the approach to reviewing its employees so not sure how it has changed, so not sure how bonuses are determined), but in the old approach, a 1 = top performer, and a 5 = immediately fired. I'd say the breakdown of % of eomlyees in each group were as follows:

the bonus dependent on your rating:
1-rated = 15- 18% bonus,
2-rated = 8- 12%
3-rated = 3-7%
4-rated = no bonus (i think)
5-rated = unemployed

I scaled the above numbers base don what they pay their associates (Pre-MBA level), which are a bit lower, and increased them slightly, since the bonus % goes up as you move up on level as well. As indicated by brj, rarely will you get the full "up to" bonus amount of $27,000. You have to be the very top and must have partners love you.

I think EY follows the same approach scoring approach and breakdown, but not sure their Bonus % for each rating

Dec 4, 2014
Hugo Stiglitz:

For Bonus, PwC use to rate everyone from a scale from 1-5 (they just changes the approach to reviewing its employees so not sure how it has changed, so not sure how bonuses are determined), but in the old approach, a 1 = top performer, and a 5 = immediately fired. I'd say the breakdown of % of eomlyees in each group were as follows: <2% = 5, <5% = 4, 54% = 4, 30% = 2, 10%= 1. I am note sure about the 4 or 5 ratings, since I didn't know too many ppl with that.

the bonus dependent on your rating:

1-rated = 15- 18% bonus,

2-rated = 8- 12%

3-rated = 3-7%

4-rated = no bonus (i think)

5-rated = unemployed

I scaled the above numbers base don what they pay their associates (Pre-MBA level), which are a bit lower, and increased them slightly, since the bonus % goes up as you move up on level as well. As indicated by brj, rarely will you get the full "up to" bonus amount of $27,000. You have to be the very top and must have partners love you.

I think EY follows the same approach scoring approach and breakdown, but not sure their Bonus % for each rating

That's exactly how both my banks did it too. 10% 1's, 30%'s 2's, everybody who isn't utterly incompetent 3's.

Dec 4, 2014
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