So, I'll startGrade = ManagerPerformance rating = 4/5Company = EY Advisory Payrise = 0% Bonus = £2300Pretty rubbish!

I think everyone is too scared to post :)EY, 5 rating, promotion to SM, 6.5% raise, 3.6k bonus.

Cons is in the money!

haha

I'm liking that EY have a straight x/5 - says it like it is, none of this nonsense of above, exceeds, very top, etc!

I like how you identified a positive from the posts above and put the focus on that. That's a good skill!

Keeping with the EY theme.Rating 4/5 Promoted from SC to Manager, 30% rise (including car allowance), 1.6 bonus.Feeling pretty happy (some of the promos have complained it isn't enough!)

wow, some people complaining that 30% isn't enough??

Yes, that's not a bad rise for SC -> M, I suspect you were on the lower end of the SC band.

Depends what it's 30% of.....

I was a few k under 50, so it's gone up to a few over 60, as I said I'm pretty chuffed

I know of people in the regions who got a £3k payrise for SC => Manager. From £46k to £49k. You did pretty well.Sorry to talk about me again, I got 4/5 rating and a 0% payrise. Who would stick around?

@A2 - not many@AC - good stuff!

EYM4/5+2.8%:|

anon2, that seems incredibly harsh for those in the regions, people sweat hard over those promotion years, it seems very unfair. Also, with a 0% rise, given how hard we work I wouldn't stay I don't think.

I agree, it's been a real kick in the teeth for many people. Like many others, I'm busy evaluating my options. Suck it up, stay another year, make Senior Manager (very probable) and then see what happens or chuck it in and go back to industry, make 20% more money, get a decent bonus (not the 3% I got this year) spend much more time at home etc etc.

The draw of consultancy was historically always the pay - one either went into banking and worked extremely long hours, or went into consultancy and had more interesting work for very good pay. Industry what what one went into when wishing to shift the balance more towards short hours and less travel but less pay also.These days, it would seem that there is no trade off between industry and consultancy. Industry seems to pay more AND the hours are better. Let's face it: when was the last time you were on the client site and EVER saw any of their staff in the office past 6.30pm (heck, 5.30pm for that matter)? And I bet you and your insecure type-A colleagues were only halfway through your working day by that point.What is one to do?

[quote] chuck it in and go back to industry, make 20% more money, get a decent bonus (not the 3% I got this year) spend much more time at home etc etc.[/quote]I started out at EY, so I've never really looked at industry roles. To be honest I had assumed that consultancy would pay better, I didn't realise that the opportunity to make 20% more was available in industry (as I said, haven't looked!). Is that boost because of your prior experience, or is it a genuine exit route for many consultants?Possibly naive but I had made the assumption that due to the different working conditions/hours/travel/etc that consultants would have made more than industry counterparts

Industry can pay better, although my personal circumstances and the roles I have done mean I'd maybe get a comparable wage, but certainly not more at this stage.What consultancy does offer that industry sometimes does not is the fast tracked progression. Industry has many landing points and promotion is not expected, the opposite is true of consulting. So moving across can get you more initially, but longer term you may (I say may as I know people who have moved over and are flying, and those which are not) find your wages stagnate.I'll probably not make the move for a few years, and when I do hopefully it will be at a sufficiently senior level.

Mentioned this elsewhere but why not.DeloitteSC3/54% payrise2.4% bonus

this is such a short termist and misguided view. Big 4 pay potential far exceeds anything you can get in industry. FTSE 100 CEO average pay is 3.5m, average big 4 partner pay is 700k. Of the former there are 100, of the latter there are approx 10,000 combined, according to goingconcern.com.Work life balance is a myth anywhere outside the Inuit communities.I can do the math for you if you can give me an engagement code :)

Not really a like for like comparison though is it?Like for like, industry does pay more in my experience. Hell, some business analysts in London can command wages of 70k with no line management responsibility. You'll not get that in consultancy.

[quote]this is such a short termist and misguided view. Big 4 pay potential far exceeds anything you can get in industry. FTSE 100 CEO average pay is 3.5m, average big 4 partner pay is 700k. Of the former there are 100, of the latter there are approx 10,000 combined, according to goingconcern.com.Work life balance is a myth anywhere outside the Inuit communities.I can do the math for you if you can give me an engagement code :)[/quote]Clearly there are only going to be 100 CEOs in the FTSE 100. How far do you have to go down the chain to get where a CEO is earning £700k? That is the better test.

That's a fair point - and still, the average FTSE 350 CEO earns circa £500k in cash, which is still not that compelling as a long term prospect.Really can't be bothered to think about what proportion of private and smaller businesses can support pay commensurate with Big 4 partner. Frankly I can't imagine how sizeable, accessible or desirable the opportunity is. Who the hell aspires to become the CEO of Scunthorpe Fertilisers??? Nobody I know joins the Big 4 to make it small...

[quote]Industry can pay better, although my personal circumstances and the roles I have done mean I'd maybe get a comparable wage, but certainly not more at this stage.What consultancy does offer that industry sometimes does not is the fast tracked progression. Industry has many landing points and promotion is not expected, the opposite is true of consulting. So moving across can get you more initially, but longer term you may (I say may as I know people who have moved over and are flying, and those which are not) find your wages stagnate.I'll probably not make the move for a few years, and when I do hopefully it will be at a sufficiently senior level.[/quote]I think you've hit the nail on the head there - looking at people in my company who are at the same level as me they are all about 10 years older at least - consultancy allowed me to make that sideways move into industry at a higher level than I think I could have achieved by starting off there...

Anon2 - Yes, I would stick it out until you get to SM (especially if you're likely to get it next year) and then look for a move to industry. Get a payrise and more chance a decent yearly bonus. You'll probably have more fixed hours, so you could use the extra time for something more exciting like starting up your own business (or I guess family, if you have one ;) ).I really do like the consulting world, it suits my inability to sit still for longer than half an hour, but I realised this Summer that sticking with a firm like EY (in my department anyway) long term doesn't pay off financially. Could I make partner? Potentially, but obviously impossible to know, especially with all of the senior hiring going on, and just now I'm not sure if I want to spend the next 6/7 years with 0-1% pay rises.Currently wondering if it's a London thing due to cost of living, so may look into regional options.

I agree Cons - wait it out and see what happens. How happy were you with the 6.5% - it doesn't feel like that much. Let's say you were on £70k previously, you're now on £75k as a Senior Manager and will have extremely small increments until you promote to Director. I've recently been advised that a move to the regions does not result in a decrease in pay, so you could make your money go a lot further. It's certainly an option for those who, like me, don't love London and would be happier elsewhere. It's important to consider though that it's harder for people in the regions to promote - just don't get that face time with partners that you do if you're based in MLP. I've seen some people very successfully work from the regions and maintain that link back into MLP, but it seems like a proper pain in a the backside to me.

What a depressing thread. Not only full of the usual news of minimal pay rises and derisory bonuses but also people who continue to buy the dream (/be sold the lie, depending on one's perspective).It was one of the forum's eminent veterans who once described the Big 4 system as a tontine and I've yet to come across a better analogy.Yet it's a tontine that people continue to buy into, with a less-than-actuarial appreciation of the probability of a pay out.I can't understand why you would continue to work for a firm which awards you a 2,5% bonus. It's just insulting when gross margins will be around 50%.I wish we could abandon the old chestnut about partner pay compared to FTSE100 CEO. Try lawyer for a more appropriate benchmark.

@powernap?Is that 10,000 partners in the Uk alone? In 2014 there were 2,700 people in London ALONE, earning 700k or more, just in financial services. For every Ftse CEO earning £3m there will be 50 to 100 at the next two org levels earning 700k or more.I would agree that consultancy firms offer faster progress to young stars, but most M/SM level consultants will see income difference with industry narrow considerably.25 years ago consultancy was a difficult club to join and an genuine fast track. For the upper echelons this remains the case, but it is a simple fact that working for a big4 as a Manager on a banking clients Compliance Programme is not preparing anyone for either greatness or riches.The "club" had too many members to offer anything like the exclusivity and benefits that it used to.I still recommend MC, but you have to be much more ruthless in "using" it and cashing in on a regular basis.

[quote]I wish we could abandon the old chestnut about partner pay compared to FTSE100 CEO. Try lawyer for a more appropriate benchmark.[/quote]Lawyer - if only!Surveyor is more appropriate for some of us :)

Mr Cool, your figure is perhaps for " code staff" - i.e. those in certain management positions under close regulator scrutiny.You could be a factor of 10 out for the total number of financial services staff earning over £700k.

@DCFI agree. Figure quoted came from a publicly declared figure following rules about publishing SOME salaries.Many roles see excluded as are some types of firms.

£700K is so much dosh!With a salary like that, one could even afford to get a mortgage on a 3 bed semi in Walthamstow!

Possibly, but you'd probably still have to get bank of mum+dad to help with the deposit!

Those rich old baby boomers hey! Riding off the back of the increase in property prices, such that their 3 bed bungalow with 2 acres of land that they bought in Islington back in 1965 for £50 is now worth £20M! "But we worked hard for it", they say! Hehehe :)

Staying with EY theme.. Know an SM.. hardly saw him/her last year as he/she was about 80+% utilisation and wanting to go for Director... Fab increase in salary.. in line with Inflation aka 0..Bonus was a princely <2K To add insult to injury, they are holding a big birthday bash later this year. I am told atleast 2 &apos;thanks for the fish&apos; emails this week and I have his/her CV. I know he/she is a class act, but now that everyone knows EY great salary & bonus gold rush, their ability to negotiate is limited...

If the SM got less than a £2k bonus, either they got a very poor performance rating or were employed halfway through the performance year. I&apos;ve had a similar experience to those on this thread. Will EY see attrition levels increase dramatically this year, or is the hook of one day becoming a partner enough to keep people interested?

2Kish bonus is common this year... if you are rated 3 (meets expectation in other Org)

Find out in Dec, hoping to hit SM at Accenture. Pay rise over the last year has been particularly good given I went from M2 to M3. I got an SA last year and got 4% but then got an adjustment where they added another £5k out of the blue making it 12.5% overall. If get SM will check back in but naively expecting a decent bump and bonus this year.

Bankers get bonuses of like £500,000

A decent data point but most of my social circle are builders - it&apos;s all relative!

@cons - are you willing to say what you promoted into SM salary wise?

I&apos;d like to know the same for a newly promoted Accenture Senior Manager. From glassdoor, which is a range, I&apos;m guessing it&apos;s £90k base; can anyone confirm?

That&apos;s about right, sometimes a touch lower

@anon2 - about 20k less than agentsmith&apos;s estimate of the Accenture SM starting salary

[quote]Find out in Dec, hoping to hit SM at Accenture. Pay rise over the last year has been particularly good given I went from M2 to M3. I got an SA last year and got 4% but then got an adjustment where they added another £5k out of the blue making it 12.5% overall. If get SM will check back in but naively expecting a decent bump and bonus this year.[/quote]The did a similar thing with the consultants too. Will be interesting to see what Acn do this year in terms of pay rises. They acknowledge they pay under market rate (quite a lot in some cases), to keep the staff they need they are going to have to give some reasonable increases. I&apos;ll be keeping a close eye on my rise when annouced November time...

[quote]What a depressing thread. Not only full of the usual news of minimal pay rises and derisory bonuses but also people who continue to buy the dream (/be sold the lie, depending on one&apos;s perspective).[/quote]Thought I might bring a contractors view to thisThis year is going ok - should do 100%+ more than last - ok so depends on how last year was, it was 6 figures. Being a contractor might give myself a pay rise or buy a mid life crisis car. Mr Cool what is the current mid life crisis car you&apos;d recommend that wont be too pretentious when arriving at a clients site ?Serious point tho&apos; living the dream does not need to be chasing partner at Big 4 for 60/70k and being promised jam tomorrow.DC

[quote]They did a similar thing with the consultants too. Will be interesting to see what Acn do this year in terms of pay rises. They acknowledge they pay under market rate (quite a lot in some cases), to keep the staff they need they are going to have to give some reasonable increases. I&apos;ll be keeping a close eye on my rise when annouced November time...[/quote]Looking to where I see attrition, it&apos;s at M grade rather than C, this might just be the area I work in. For M grade they&apos;ve introduced a new secondary bonus for top performers. I think we&apos;ll see good numbers of promotes combined with a full bonus payout (increased with secondary component) but otherwise not much change. Will find out soon though!

DC,Given the tax challenges of company cars you could consider a Nissan Leaf?

I think he went for something a bit flashy - a Suzuki X-90.

Didn&apos;t realise EY and Deloitte pay peanuts. I work at a non-Big4 and I have only received a bonus of less than £10k once in 7 years. Why do people stay at EY and Deloitte?

Because they all think they&apos;re going to make partner one day, which the naturally assume makes them a millionaire.....

DC Just seen a white Audi A5 With Burgundy soft top in the car park. I cannot imagine any client begrudging such a pleasure to a valued contractor.:-)I did once drive a similar (all black) model into the car park of a provincial building society, only to notice the procurement manager that I was there to negotiate with fag in hand by the ramp.

[quote]DC Just seen a white Audi A5 With Burgundy soft top in the car park. I cannot imagine any client begrudging such a pleasure to a valued contractor.:-)I did once drive a similar (all black) model into the car park of a provincial building society, only to notice the procurement manager that I was there to negotiate with fag in hand by the ramp.[/quote]The classy contractors buy a knackered volvo to drive to the client site and keep the fleet of sports cars at home. I know someone who does exactly that, was especially important when he was working in the public sector.On the flipside there was an ex investment banker PM who rocked up in his bonus bought Ferrari to client site and never heard the last of it...didn&apos;t last long

[quote]Didn&apos;t realise EY and Deloitte pay peanuts. I work at a non-Big4 and I have only received a bonus of less than £10k once in 7 years. Why do people stay at EY and Deloitte? [/quote]Amongst other things, the lure of marking Partner or to a lesser extent Director. The other bits are - I enjoy the work. For the most part, my work is interesting, I work with people I like and my clients like and appreciate what I do. The other bit to it is the investment we make - I&apos;ve decided that this investment is no longer worth the return and I&apos;m looking for a move back into industry or going it on my own.

[quote][quote]Didn&apos;t realise EY and Deloitte pay peanuts. I work at a non-Big4 and I have only received a bonus of less than £10k once in 7 years. Why do people stay at EY and Deloitte? [/quote]Amongst other things, the lure of marking Partner or to a lesser extent Director. The other bits are - I enjoy the work. For the most part, my work is interesting, I work with people I like and my clients like and appreciate what I do. The other bit to it is the investment we make - I&apos;ve decided that this investment is no longer worth the return and I&apos;m looking for a move back into industry or going it on my own.[/quote]+1... CV floated.. couple of interview lined up

Accenture tell / rewards week will soon be upon us. Thought I&apos;d revive this thread in it&apos;s honour. Good luck, we all deserve it I&apos;m sure :)

Yes, looking forward to Monday...Expecting a pretty good amount, if not I think I may look to see what is out there.

Will be interesting to hear if I should have stuck around!

Good luck Accenture people. As an ex one and now a member of EY. I may gaze longingly across the Thames if decent payrises and bonuses are paid out this year.

Accenture rewards week result - 9.5% pay rise with an above rating.

Managed to make SM, very decent bonuses this year @ 19%.

@sirstoneworthy- what level are you? I got a SA as a Manager- 6% increase on base; 19% bonus

Consultant here... rated &apos;Above&apos;, +9.5%.Overall I&apos;m quite happy with that outcome!

Forgot to add... This is for ACN

[quote]@sirstoneworthy- what level are you? I got a SA as a Manager- 6% increase on base; 19% bonus[/quote]Consultant also

Accenture: SA as manager, 10% pay rise, 13% bonus + 5% perf which is considerably more generous than the increase/bonus last year at Above.

Those are big bonuses this time around, almost as much as industry!

Boutique IT & Business Change ConsultancyPromoted from Senior Consultant to Manager, 10% bonus, 9.5% payrise and an increase in max bonus from 10% to 15% for 2016 as part of the promotion.

Blimey. Looks like it&apos;s a bumper year at ACN. I got a 4/5 (above in ACN speak) at Manager at EY and got a 3% bonus and a 0% payrise.

[quote]Blimey. Looks like it&apos;s a bumper year at ACN. I got a 4/5 (above in ACN speak) at Manager at EY and got a 3% bonus and a 0% payrise.[/quote]You will all move to Accenture then it&apos;ll be a crap year next year and you&apos;ll move back. I&apos;m sure the rises and bonuses are just bumped up when the attrition gets too high - it&apos;s just playing with the dials..

Totally, ACN shafted the ratings this year. due to a pissed off Manager giving me bad feed.. got Consistent with 0% hike.There goes my promotion chances to Senior Manager after getting Sig. Above for the past few years.

Snakes and ladders system - very dependant upon who&apos;s backing you and who you&apos;re rated against. Can definitely understand how annoying it must be to get on the wrong side of it. Perhaps a discussion for another thread, but I think any alternative would suffer from the same politics and I&apos;m one who isn&apos;t looking forward to a change in system. Would you prefer an alternative or just to have landed under a different management structure?

Cracker of a year on the pay front - first year SM so CW. 3% payrise and 22% bonus. I&apos;ll happily take that!

That&apos;s not too shabby for a CW - wonder what the SM bonus is for an SA.

hi guys,new here and also new to consultancy. i was told that generally the performance year ends in june for big 4. certainly that doesnt seem to be the case. anyone kind enough to clarify timings for big 4?thanks

Not beneficial

[quote]hi guys,new here and also new to consultancy. i was told that generally the performance year ends in june for big 4. certainly that doesnt seem to be the case. anyone kind enough to clarify timings for big 4?thanks[/quote]It does

big bluemanager12% payriseBonus - not yet announced

Finial Services IndustryEquivalent of above rating (sig above here is only top 5%)25% Bonus but only 2% pay rise as nearly at the top of my "band"

while we are at it! @ SAP50% bonus (100k), and measly 6% increase (12k) with an &apos;OK&apos; yearly restricted stock options! (25k)