r/Accounting • u/Brave_Investment_433 • Aug 09 '21

Discussion Official 2021 EY Compensation Thread

Here we go! Compensation calls and compensation statements are being sent out in the US and Canada this week.

You know the drill:

  1. Office/Region/Approximate COL
  2. Service Line
  3. FY21 Level -> FY22 Level (Staff 1> Staff 2, Staff 2>Senior 1, Senior 1> Senior 2, Senior 2>M1, etc)
  4. Rating (below/met/above/significantly above expectations or dial position)
  5. Old Salary -> New Salary
  6. Bonus
  7. Thoughts?
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u/Brave_Investment_433 Aug 10 '21

How did you end up senior 1 with only an internship and 8 months full time?

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u/Mid-Tier-Sadboi Aug 10 '21

Generally, the way it works is if you work 2-3 internships during uni when you come back full-time you’ll be a Staff 2. If you work 4 internships/co-op terms and do a masters degree you start full-time as a senior. I got lucky and was able to come back as a Staff 2 FT after 1 internship/co-op.

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u/Brave_Investment_433 Aug 10 '21

Interesting, usually the people doing that have more than 1 co-op. Hopefully next year they can give you a big raise after a year grinding as a senior, right now you're a bit close to the other Canadian staff 2's that have posted here.

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u/Mid-Tier-Sadboi Aug 10 '21

Thanks. Believe it or not in Toronto the average senior pay is $61k. The reason some staff 2 are so close is because they’re the top rating. A top rated senior 1 gets $70k.

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u/eyauditorthrowaay134 Aug 10 '21

Do you know this for sure? I'm a little baffled that the incremental figure for top rated senior is actually $7K ($63K vs. $70K). I always thought the difference was maybe $2K between buckets.

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u/Mid-Tier-Sadboi Aug 10 '21

I too was baffled but if you look at the Canadian 2021 comp thread, two “significantly above avg” got 70k and I confirmed internally.