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CPA bonus

$5000!!!
$5000!!!
That's the amount two of the big 4 (PWC and EY) are paying new hires if they pass the CPA in their first year of eligibility. KPMG and Deloitte don't pay anything yet. Although KPMG did present a check for $1,000,000 before game 4 of the world series to some charity, so they do have the money.
Note that these figures may well be wrong, and please correct me yet.
Now that's a pretty darn good incentive to buckle down and study. Heck, if this was the case earlier, most people my level would have been bogged down in their becker and bisk books to get through the exam. The firms realize that this is the best form of motivation for their pencil pushers. There is a huge shortage of CPAs in this country and it's difficult to find time to study the further you are in your career, so not only did some states change the rules so you could sit for your CPA while you're wearing diapers, but the firms have started offering some really good incentives to their minions to get moving. A member of one of my audit teams started the exam before she joined the firm. I'm only two years removed, and I couldn't even take the exam until after a year with the firm.
Oh well, like Mr. T says.."I pity the fools" who fall into these traps. Welcome to auditing, suckers.
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Comments

Anonymous said…
Of course it goes without saying that a brand new staff will be making more (significantly) than a staff that has been with the company for over a year (after the bonus)....If that's not equality I don't know what is.
October 28, 2007 at 8:16 AM
Anonymous said…
I'm eligible for the bonus but am schedule so many hours I have no idea how it's possible. Also- $3k for getting it in two years.
November 25, 2007 at 6:39 PM
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