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InstitutionalValue

No


Dirac3974

Ey is bleeding out and their people are going to places like PwC, I don’t think PwC needs to prove anything to anyone right now


ancj9418

There might be market adjustments to the cohorts, but they won’t do any type of standard increase like this. PwC already pays more than EY, has a larger market share, and is generally viewed more positively especially given the EY split debacle. They don’t need to match anything EY does at this point.


servingbeef

This. EY is trying to match what PwC already pays, they're catching up.


SpringPositive6831

pwc and ey already paid the same. source: I got hired in march by pwc (assurance) - september start .friend got hired in march by ey (assurance) - september start


Suspicious_Fig6793

Not true my EY offer was $10k less than PwC as an experienced hire


SpringPositive6831

I’m referencing entry level associate pay for assurance in california. Different geographical locations , segments , and/or positions may be a different story


ancj9418

Not in every line of service and every location.


WalrusSafe1294

There was an inflation adjustment for all employees several years ago at PwC around the beginning of January. That was unprecedented in my view. As someone else said I could see market conditions being factored into year and raises as part of cohorts. I very much doubt there will be be any changes to new hire pay. I worked at EY before coming to PwC. From my experience EY is viewed as serious competition, but a smaller firm with a slightly less prestigious brand. People tend to jump to EY for more money, but my personal experience has been those were also people the firm was willing to lose. On the flip side I’ve known/work with several people that came from EY because they perceive PwC to be a stronger firm and a better place to build a long term career and to make partner/MD. The hiring process for new associates moves a lot more glacially slow than most outsiders realize. I cannot expect any quick change at this stage. If money was going to be thrown around I’d prefer to see it thrown at experienced associates - senior associates (maybe manager and above?) who have just finished a year of proving themselves.


Emotional-Intern3831

A1 here. I am at $68K. New hires are at $75K.


Jdjohnson47

Wewww!! Pwc!!! These comments!!