Word on the street is that E&Y might be anticipating that its competitor firms will soon announce compensation adjustments, and that E&Y plans to match those cuts after they are announced. Sounds a lot like parallel conduct in an oligopolistic market. If there is any evidence of an understanding or agreement between the Big 4 as to salaray cuts, it could well be a federal antitrust law violation.Anyone have the inside scoop on what the Big 4 are planning and whether the salary adjustments will be up or down?
I heard the same thing at meeting the other day at E&Y. Not sure what it means though.
ReplyDeleteBig 4 salaries ...
ReplyDeleteBoston Consulting Group Salaries: $96,000 (average salary)
600 Salaries registered for this company.
PriceWaterHouseCoopers Salaries: $60,000 (average salary)
2000 Salaries registered for this company.
Deloitte & Touche Salaries: $58,000 (average salary)
3000 Salaries registered for this company.
Ernst & Young Salaries: $55,000 (average salary)
6000 Salaries registered for this company.
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Salary brackets dropped by $4K at EY in Canada. I mkae $10K less than I would at a small firm. EY is easily the lowest paying in the city; the bottom of the bracket for new juniors hired out of Uni is $38K.
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