The so called “Big Four” accounting firms — PricewaterhouseCoopers (PwC), KPMG, Ernst & Young (EY), and Deloitte — are known for paying their staff high salaries.
The Big Four firms are planning to hire in 2021. A spokeswoman at PwC previously told Insider that the firm typically brings in 13,000 entry-level and experienced employees on a yearly basis. The company recently announced its plans to add 100,000 employees over the next five years. A leader at Deloitte told Insider it is looking to hire 40,000 in the next year. Deloitte and EY are both planning to expand their workforces in India.
In 2019, the four firms combined employed well over a million people worldwide. New hires typically earn six-figure salaries from the get-go. An entry-level consultant who just graduated from business school can make more than $200,000 a year at the four firms when you include base salary, bonuses, and relocation expenses.
Insider analyzed the US Office of Foreign Labor Certification’s 2020 disclosure data for permanent and temporary foreign workers to find out what PwC, KPMG, EY, and Deloitte paid employees for jobs ranging from entry-level to executive roles. The salary data analyzed were based across the US.
We looked through entries specifically for roles related to management consulting and accounting. Performance bonuses, signing bonuses, and compensation other than base salaries are not reflected in this data.
Here’s how much PwC, KPMG, EY, and Deloitte paid their hires last year.