Big 4 salaries London

Hi! I'd like to apply to one of the Big 4 firms in London - could anyone tell me what the starting salary is for a trainee? Thanks! :smile:

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Reply 1

Wstroud

around 27k

Reply 2

sul

how many years would it take for a person working in corporate tax in London to earn 100k?

Reply 3

ma2k5

sul

how many years would it take for a person working in corporate tax in London to earn 100k?

Depends how good you are?

Reply 4

sul

ma2k5

Depends how good you are?

and if your good????? :rolleyes:

Reply 5

ma2k5

Sigh, who neg repped me? lol

Reply 6

Tednol

sul

how many years would it take for a person working in corporate tax in London to earn 100k?

I'd hazard a guess at about 10 years. Clearly there isn't going to be a concrete answer to your question though...

Reply 7

the_mars_volta

Interesting! I never realised big 4 salaries could rise to 100k that quickly!

Reply 8

Tednol

the_mars_volta

Interesting! I never realised big 4 salaries could rise to 100k that quickly!

It's possible to make partner within 10 years, and then you'd be on £800k give or take... but that would certainly be the exception and not the rule.

Reply 9

Wstroud

only the top partners earn 800k a year - its heavily weighted so a few partners get a large share of the profits.

its technically possible to be on 100k in 8 years but 10 is probably nearer the average. also a lot don't make it that high ever.

Reply 10

Tednol

Wstroud

only the top partners earn 800k a year - its heavily weighted so a few partners get a large share of the profits.

Average profit per partner at Deloitte was £877,000 in their latest figures.

Reply 11

DoubleThePrice

Is 27K really the starting salary in London for a graduate?

Reply 12

Speedbird2008

What else do you expect, DoubleThePrice, higher or lower?

Reply 13

DoubleThePrice

Lower I would have thought.

Reply 14

Tednol

DoubleThePrice

Lower I would have thought.

£27k is about spot on if you take your benefit allowance as cash.

Reply 15

Wstroud

Average profit per partner at Deloitte was £877,000 in their latest figures.

I know, i'm not questioning that - but its very heavily weighted so the senior partners are earning 2m+ and a lot of the other partners are earning 300-400k. The partner system is essentially a share system in which different partners are weighted differently rather than it being a blanket sum.

Anyway, 300k is still a lot of money to earn in a year.

Reply 16

sul

but does anybody know approximately what % of people become partners and to get to that stage is there a lot of **** licking involved?

Reply 17

CAN

To be honest I'd just worry about getting a job to begin with

Reply 18

Cauchy

sul

but does anybody know approximately what % of people become partners and to get to that stage is there a lot of @rse licking involved?

Owning equity in one of the big firms would also involve an incredible amount of hard work and experience over many years! It's like asking how long it takes to go from working in a BT call centre to being on their board of directors. If you get interviewed by a partner DON'T ask how to make partner!

I don't know how many partners the big 4 have but compared with the number of trainees they recruit each year I'd say a minute percentage would make it to partner level. it's not just something that happens after a period with the firm. The guy who interviewed me at Deloitte was an above-average earner among their partners, I was told, but looked 10 years older than he actually is: that's what hard work does to someone!