Deisosospiw
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#1
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Salary after doing ACA at a big four. My cousin did the ACA at EY and now works at Europe Arab Bank. How much would he roughly be earning? Also what is pay progression like.
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Nobody2u
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Why don't you just ask him? A basic google search will tell you that salary on qualification is around 40/45K. So if he left of his own choice, I doubt he took a lower salary, unless it was a work /life balance choice. In choosing a bank as his employer i doubt he's working less hours, so you can assume he's earning more.
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Deisosospiw
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(Original post by Nobody2u)
Why don't you just ask him? A basic google search will tell you that salary on qualification is around 40/45K. So if he left of his own choice, I doubt he took a lower salary, unless it was a work /life balance choice. In choosing a bank as his employer i doubt he's working less hours, so you can assume he's earning more.
So like 60?
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thrwawy
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#4
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People say u get (roughly) 40% pay jump when exiting big 4 for industry

Edit: the 45k mentioned above is also London salary I believe
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Nobody2u
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(Original post by thrwawy)
People say u get (roughly) 40% pay jump when exiting big 4 for industry

Edit: the 45k mentioned above is also London salary I believe
London salary with London house prices. Don't do it for the salary, because outside of the car, the house and 2 weeks of holiday, you don't get time to spend it! Do it because you love the job, otherwise you won't stick it!
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ajj2000
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(Original post by thrwawy)
People say u get (roughly) 40% pay jump when exiting big 4 for industry

Edit: the 45k mentioned above is also London salary I believe
That would be low for a qualified moving to industry.
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thrwawy
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(Original post by ajj2000)
That would be low for a qualified moving to industry.
What’s realistic then?
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ajj2000
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(Original post by thrwawy)
What’s realistic then?
At the moment with Covid - I don’t know. Before that big 4 newly qualifieds in London were going for around £52 - 60k. Some in financial services would be higher.
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thrwawy
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(Original post by ajj2000)
At the moment with Covid - I don’t know. Before that big 4 newly qualifieds in London were going for around £52 - 60k. Some in financial services would be higher.
Think we had a misunderstanding, the 45K I was talking about was NQ staying at big 4, then a 40% jump moving to industry
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Chelsea2018
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What is the big four salary like in Birmingham once ACA qualified?
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Deisosospiw
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(Original post by ajj2000)
At the moment with Covid - I don’t know. Before that big 4 newly qualifieds in London were going for around £52 - 60k. Some in financial services would be higher.
Financial services as in banks right? So they would be making more than 60?
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ajj2000
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(Original post by Deisosospiw)
Financial services as in banks right? So they would be making more than 60?
Banks/ insurance etc. I don't know how the salaries work but understand there is a far higher ceiling.
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K1NE
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Even in the current market, I think getting £50k is a given and £55k for a newly qualified is definitely achievable. You may see more roles around the £50k mark though.

In certain other industries you could look at getting £60k for sure in the current market, there just might just be a less of them.
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natninja
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(Original post by Deisosospiw)
Financial services as in banks right? So they would be making more than 60?
Banks in accounting rules for NQs are typically around £55k base plus 10-20% bonus. Private equity and hedge funds do pay more for NQs in accounting or fund management/ops roles so in those an NQ could get total comp over £80k.
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