Skip to main content

ratings and compensation season

And here we go....
We're in that time of year when rumors are swirling about compensation increases and ratings. Some firms have already told their employees. Their friends at other firms hear the increases and then gossip with their peers. It then filters up and down the ranks. The speculation you hear is non-stop and is noise for the most part. I've heard ranges as low as 5% and as ridiculous as 25%. Gotta love the staff associates during these times. The funny thing is that the firms have lowered the bar so much last year than even a 5-8% raise for staff associates would make some of them happy. Have to give credit to the firms for successfully pulling off this heist.
Ratings are another big discussion point at the firm. It's funny how people sometimes try to glean information about ratings without being too direct. For the most part, you hear complaints about how people get shafted by the ratings committees. The primary complaint is that the reviews don't reflect the final ratings. This could be due to various reasons - lack of a cpa, 1 bad review that tends to stand out, etc. etc. Especially with trainings at this time of year. Boy, when you put a bunch of staff associates and seniors in rooms and they're not working, the chatter levels go up 2-3 notches. Then they realize soon and in the end, when it comes down to the $$, the ratings don't really matter. The $ variance between employees of different ratings is, no pun intended, immaterial.


EliteVillain said…
Wow you're in Big4 eh? Although I'm not one of the big4 but I feel the same thing like you did during this season of compensation (salary increment) month... Everyone is asking around HOW ARE YOUR PERFORMANCE BEING RATED? No one can answer lolz...
Kauditor said…
Dear officer,

I came accross your blog, and find your blog kinda interesting and truthfully a reflection of an auditor life.

I'm an auditor too, and glad to see that there's a blog around telling the world about an auditor's lifestyle. Keep it up.

By the way, I am maintaining a blog:

Would you mind we do a exchange link that will be mutually beneficial? Kindly drop me an email at, if you're interested. See ya

Popular posts from this blog

career progression

"What can you tell me about the different possible tracks a person would take at the Big 4 in regards to tax vs. audit? Is there a difference in career progression among the two specialties? How about career potential? Workload?"

Loaded question. In terms of career potential, they're both pretty potent. Audit leads you to controller/accounting manager/ VP - accounting positions at companies if you choose to quit. Tax can lead to tax manager positions at various companies/ help them minimize taxes and exploit tax loopholes. It's a pretty important position in many companies...I'm not an expert on tax careers though, so you might want to ask somebody in a tax related position.
In terms of career progression, it's the same as audit...start off as a staff associate...move to senior..manager..snr mgr..partner.
In terms of workload, my friends in the tax department seem to work two busy the fall and in the spring. So I think they work more than i…


As a big four employee, lately, I've been hearing a lot about "boomerang" employees. Those who, for some reason or another, decide that leaving work when the sun is still out is not for them and alas, return back to the firm. Yes, the grass is not always greener on the other side, however, is this trending upward or about the same as it always has been? I think, also, that the firms really do a good job in highlighting those that do choose to return to make it appear more common than reality. Can you please speak about how you've seen the trend of "boomerangs" amongst the big 4? 

Good question. A boomerang, as the commenter pointed, is one who quits a big 4 Firm and then decides to return (or boomerang) back to the Firm after getting a taste of work life in the non-public accounting world.
I have seen a few return this past summer, but didn't really notice a trend until you mentioned it. It's definitely been higher than past years, but not enough to s…

auditing vs consulting

I was wondering if you could break down the career opportunities in auditing and consulting (in a big 4). I know that consulting pays more in a big 4 and has more interesting work, but it seems that auditing has extremely good exit opportunities (Financial controller, CFO etc). Any thoughts on which is better in the long run?

Well there's different consulting services offered by public accounting companies - the most popular being IT consulting and risk consulting. There are also other consulting services offered, but these two hire the most. Do they pay more? Yes, but not by much. Not enough for you to say: Shoot, the $$ is a huge reason for me to move over. Is the work more interesting than audit? Yes. You're actually looking over a company's processes and telling them what to do instead of what not to do (audit). Everyone I know who's made the switch likes it waay better than audit.
In the long run though, choosing audit vs consulting really depends on what you want t…