Salary Insights: The Big Four Accounting Firms in 2023
The Big Four accounting firms—Deloitte, PricewaterhouseCoopers (PwC), KPMG, and Ernst & Young (EY)—continue to offer lucrative compensation packages, particularly for entry-level professionals. Recent data reveals competitive salary ranges across various roles and positions.
Firm Overviews:
- Deloitte: 457,000 employees, $64.9 billion revenue (9.4% increase)
- PwC: 370,000 employees, $53 billion revenue (5.6% increase)
- KPMG: 273,000 employees, $36 billion revenue (5% increase)
- EY: 400,000 employees, $49.4 billion revenue (9.3% increase)
Salary Highlights:
Deloitte Salary Ranges:
- Entry-level Analyst: $49,219 to $337,500
- Senior Consultant: Average $122,211
- Senior Manager: $91,603 to $288,000
- Managing Director: Average $326,769
PwC Salary Ranges:
- Associate: $68,000 to $145,200
- Senior Associate: $72,000 to $197,000
- Senior Manager: $142,000 to $251,000
- Principal: $1,081,182 to $1,376,196
KPMG Salary Ranges:
- Associate: $61,000 to $140,000
- Manager: $99,445 to $293,800
- Managing Director: $230,000 to $485,000
EY Salary Ranges:
- Accountants and Auditors: $54,000 to $390,000
- Management Analyst: $49,220 to $337,500
- Financial Manager: Average $320,000
Key Takeaway: An entry-level consultant from these firms can earn over $200,000 annually when considering base salary, bonuses, and relocation expenses. While the firms have experienced some hiring freezes, they remain attractive options for graduates seeking high-paying positions in consulting and accounting.
Note: These figures are based on the US Office of Foreign Labor Certification's 2023 disclosure data and represent base salaries, excluding performance and signing bonuses.