OMG:
Apparently the big 4 accounting companies only pay around 55k starting salary.
MOD'S Note: "Only"
Apparently the big 4 accounting companies only pay around 55k starting salary.
MOD'S Note: "Only"
Posted on
Wednesday, September 5.
You can leave your response.
September 5, 2012 at 10:00 PM
YOU WOULDN'T KNOW WHAT TO DO WITH THE MONEY, OP.
September 5, 2012 at 10:01 PM
How is that a bad thing? You are still above the GDP average for an individual in your FIRST job out of uni
September 5, 2012 at 10:13 PM
lol, OP is so dumb.
September 5, 2012 at 10:48 PM
OP is just fishing for people to tell him 55k is an amazing salary so he can masturbate his ego some more.
Sadly, 55k is actually a pretty good salary for an Arts grad.
September 5, 2012 at 11:08 PM
apparently people who work at the big 4 accounting firms are soulless bean counters.
September 5, 2012 at 11:25 PM
Is the AFM tuition really worth it?
September 5, 2012 at 11:52 PM
Makes me feel better. I thought 75k starting was kinda low...
September 6, 2012 at 2:06 AM
I hope my starting salary is at least 70k.
September 6, 2012 at 2:06 AM
@7 Totally Agree,
I'm making 80k for co-op and it would be horrible to get a starting salary of less than 100k.
September 6, 2012 at 9:00 AM
Accounting students need to pull that stick out of their self-entitled asses.
Like #2 said, appreciate that you'll probably still GET a job in this economy.
September 6, 2012 at 9:40 AM
nothing wrong with 55K/year. i laugh at the 80-100K/year. where exactly would you be living and what is the CPI for that area? for the sake of argument let's assume they receive the amount of 100K/year, what makes you think you will not be replaced by another student for this amount in the not too distant future? what skills do you possess that make you irreplaceable? you could make that much but you will be working for it with long hours and a steady output or you will be replaced.
September 6, 2012 at 11:13 AM
^ I would be living in the bay area. My previous co-op employer subsidies all living expenses, all the while making ~90k/year(co-op, fulltime get more). Labour laws make it illegal to replace someone without reason, and you make it seem like working at 100k/year requires unattainable skills. It's not a pipe dream if you're working in the right industry.
September 6, 2012 at 1:18 PM
There are some non-accounting areas in the big 4 that make a bit more : )
September 6, 2012 at 2:54 PM
Well, welcome back to Earth then. Did you think you were going to start making $80k right out of the gate?...
September 6, 2012 at 3:20 PM
"Labour laws make it illegal to replace someone without reason" False. In most places you can be fired for any reason or no reason. (Except for your membership in protected classes or if you have a contract.)
September 6, 2012 at 3:34 PM
Why the money talk honestly? I was in the business/math double degree, dropped it, and went into the trades. Working as an apprentice electrician in the local area with good prospects for the next 5-10 years. The journeymen I work with are earning $41.56/hr and are pretty much their own businesses because they get to write everything off: tools, trucks, food, etc. Because this pays hourly we get overtime which is always available for us. Job prospects are even greater out in Western Canada. I still am taking some courses from uni for personal reasons in that I would like to finish a degree as well.
Compare this to the $80K/year salary which may or may not include paid overtime... if you can find it after four years. Why do it if you don't like what you're doing?
September 7, 2012 at 1:31 AM
@14: I will start with more than that.
@11: I would be working in Seattle where prices aren't that bad.
Long hours? Maybe an occasional 10-hour day, not more.
Steady output? Duh, if your performance sucks any company will kick you out.
@OP: What the heck did you expect? It's a starter accounting position. Lick enough ass and you'll be at the top in no time though ;)
September 7, 2012 at 1:26 PM
If RL is done kissing his ass, can we move back to why $55k is not such a bad starting salary given the present condition of the economy?
September 7, 2012 at 1:48 PM
Nothing wrong with a 55K starting salary. This is to start your career. You may have a few co-op terms under your belt which helps but does not make you viable in a market against other applicants with more real life experience. If you put forth the effort then that 55K will increase with your skills and experience. Stop being so entitled because most employers are getting sick of such applicants. Human Resources is changing.
September 7, 2012 at 7:28 PM
The starting salary for an audit/tax position at the Big Four is around $45K. It's even less if you're a co-op.
Good luck :)
September 7, 2012 at 7:57 PM
@20 You obviously have no idea the salaries at Big 4. I am making $45k for my second co-op term. It goes up to about $48-50kish for my 8 month co-op term.
When I graduate, depending on my performance I should be a senior which will be about $58-60k depending on my performance.
September 8, 2012 at 12:39 AM
I am making 45k on my 8 month coop term at a Big 4 branch.
You think you should be making 55k starting salary when you know absolutely nothing? C'mon, be realistic.
September 8, 2012 at 12:40 AM
I am making 45k on my 8 month coop term at a Big 4 branch.
You think you should be making 55k starting salary when you know absolutely nothing? C'mon, be realistic. This is why the culture at SAF is lackluster, all the students want more and more and fail to appreciate what they have.
September 8, 2012 at 1:24 AM
Anyone here feeling post-money?
As in finding a job you actually want to do is more important than the salary?
September 8, 2012 at 2:38 PM
Most UW students are unrealistic about their starting salaries it seems. You people do understand that a company gets a number of handouts from the government every time they hire a student on? It's a great way to get cheap, hard-working glorified paper pushers.
I know a couple UW engineers making $35,000 starting salaries straight out of University. They made more on co-op. Try getting someone to hire you on full-time unless you truly were the top of your league in academic studies.
September 8, 2012 at 2:40 PM
$55K is actually quite good for someone with no real work experience. There are an abundance of college & university graduates right now who will probably work for cheaper than you who possess similar skills (not many skills) who will work for cheaper. Therefore, they will pay cheaper.
September 12, 2012 at 2:54 AM
As a fellow AFM, I really hope that you guys stop bragging about your salaries in a public forum. This is why people think we're assholes. Seriously, it doesn't matter - just go on with your life and stop worrying about what about what other people make.
I can't believe I have to see you people in class tomorrow.
Besides, everyone knows that the Big 4 is only a means to an end.