Top accountancy firm offers its 11,000 staff sabbaticals or four-day week as credit c

themanbearpig

JayZed wrote: »

Even if you look only at Advisory, there are so many different business lines, some of which are cyclical and others counter-cyclical. It's obviously (generally speaking) a bad time for transaction-based services like Corporate Finance or Transaction Services, but on the other hand it's boom time for Restructuring, and not a bad time for Forensic.

Speaking personally, I'm glad that management's taking steps to avoid redundancies. For the record, all they're doing at present is inviting people to indicate whether they would be willing to volunteer for four-day weeks etc (and not everyone who volunteers for reduced hours is going to get them - some departments are too busy).

Also for the record, "nearly all of them earn well over £50k" is simply not true.

I can only go on what I've been told (by the reps that come and promote the company at my university!). They tell me the average salary for a senior consultant is close to £80k, and the partners get over £500k. Graduate starting is £25-30k, and the typical salary after becoming chartered is close to £50k.
I've also been told that after the 3 years of training 9/10 of the trainees head straight for the door, as you can make more money elsewhere, which I'm guessing is not true anymore!

withnell

themanbearpig wrote: »

They tell me the average salary for a senior consultant is close to £80k

That's getting towards the top end, including a sizeable bonus proportion.

sarahb

themanbearpig wrote: »

I can only go on what I've been told (by the reps that come and promote the company at my university!). They tell me the average salary for a senior consultant is close to £80k, and the partners get over £500k. Graduate starting is £25-30k, and the typical salary after becoming chartered is close to £50k.

When you begin your professional life you will discover the huge number of support staff working in businesses like this who earn very ordinary salaries !

tirano

Could set a precedent to get through the recession
If this was rolled out across the Public Sector, Council Tax would reduce, combined with lower mortgage interest, low inflation,overall outgoings should reduce by at least 20%, so net effect would be nil and we would have an extra day off !

tmm_aka_tracy

themanbearpig wrote: »

I can only go on what I've been told (by the reps that come and promote the company at my university!). They tell me the average salary for a senior consultant is close to £80k, and the partners get over £500k. Graduate starting is £25-30k, and the typical salary after becoming chartered is close to £50k.
I've also been told that after the 3 years of training 9/10 of the trainees head straight for the door, as you can make more money elsewhere, which I'm guessing is not true anymore!

Its true that graduates move to other companies after 3/4 years to get more money, but we equally get graduates from the other top four that come to use having completed thier programme else where. Its just the way it is. Its would be easier for me to get promotion by moving to another company, and then getting my next promotion after that by moving back to where I started.

All of the big four recognise that the more experience you have, the better you are for the company.

As an aside, there are support staff earning normal ish wages, Advisory staff such as me earning reasonable, but comparable with the Public sector wages and the qualified accountants that will always get the going rate if theyre any good.

TMM

rev229

themanbearpig wrote: »

I can only go on what I've been told (by the reps that come and promote the company at my university!). They tell me the average salary for a senior consultant is close to £80k, and the partners get over £500k. Graduate starting is £25-30k, and the typical salary after becoming chartered is close to £50k.
I've also been told that after the 3 years of training 9/10 of the trainees head straight for the door, as you can make more money elsewhere, which I'm guessing is not true anymore!

Do the partners really earn over 500k??

tmm_aka_tracy

rev229 wrote: »

Do the partners really earn over 500k??

I think there are rumours that bonuses are about that amount for a good partner. I dont want to come over as all corporate, but it the !!!!!! hits the fan, its the partner that is sued, not the company. thererfore, I suppose they need a sweetner to keep them as partners.

TMM

tirano

The good old days !

http://www.guardian.co.uk/business/2006/dec/08/executivesalaries.executivepay

rikbar

With an average partner share of £970k, the good old days seem to be still with us.

http://www.camagonline.co.uk/News/1038.aspx

Maybe one day I will make it to Partner, who knows, but it is nice to dream

withnell

You have to consider that they put capital into the business, so as well as being workers they are also shareholders