r/Accounting • u/whoisblueflame CPA (US) • Jun 23 '21

PwC 2021 Compensation Thread

Alright folks, looks like a good number of people are getting their comp information over the next few days. We’ve seen good assurance, I mean Trust Solutions Assurance, bumps, what about the rest of us?

  1. Market/Office
  2. Trust or Consulting Solutions and LOS/Vertical
  3. CY Level -> FY22 Level (A1>A2, S1->S2, S3->M1, etc)
  4. Rating
  5. Old Salary -> New Salary
  6. Bonus
  7. Interesting notes on what RLs/RPs have told you related to future comp.
  8. Anything else? (opinions on the cohort model for all LOS, opinions on the new equation, etc)
346 Upvotes

99% Upvoted

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42

u/whoisblueflame Jun 23 '21 edited Jun 23 '21

I’ll kick us off

  1. HCOL (not NY/BANW)

  2. Consulting Solutions - Deals

  3. A2 -> S1

  4. 1

  5. 74k -> 97k

  6. 8k

  7. n/a

  8. Nothing major. I’m a fan of the cohort model in the spirit of comp transparency, but it’s not good if everyone is being underpaid…we’ll see.

I’ll also drop the advisory cohort google sheet.

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62

u/1337lover Jun 23 '21

  1. Southeast

  2. Consulting, Risk and Reg

  3. S3 > S4

  4. 1 rating for second consecutive year.

  5. 93k > 104k

  6. $16,700

  7. I did not get promoted “because there were no spots at manager and above due to our switch to the national model”, even though I have never received lower than a two rating in my career at PwC. I feel that I am being screwed, but I would love to hear some additional opinions on my situation.

19

u/whoisblueflame Jun 23 '21

I agree you’re being screwed, especially given the tier rating.

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39

u/Loser_extraordinare Jun 23 '21

  1. BANW

  2. tax

  3. A2>S1

  4. Tier 2

  5. 66,200 > 96,400 (45%)

  6. 2,700 (4%)

50

u/whoisblueflame Jun 23 '21

these BANW promotional bumps are no joke

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29

u/GloBoy54 Jun 23 '21

Is it true that PwC is moving to a "cohort" model where associates and seniors get the same base salary?

23

u/whoisblueflame Jun 23 '21

cohort so all A1s, A2s, S1s, etc get the same pay for the same role and COL

it doesn’t mean that associates and seniors get the same pay

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9

u/bsalez423 Jul 02 '21 edited Jul 02 '21

  1. NYMetro

  2. Trust (legacy Audit)

  3. Under new model (w/ Director title added) going from 2nd year SR Manager to 3rd year SR Manager...under legacy model would be going into 2nd year as Sr Manager

  4. Tier 1 last few years

  5. $138K --> $146K

  6. $26K

  7. Felt like there was no transparency...

  8. Is there a cohort model for Sr Managers also? ~5% base increase seems low...thoughts?

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