Anyway, the Biggest Bonus is…
You don’t need to study for this gruesome exam ever again!
When considering CPA Exam bonuses, remember that this is a one-time payout. It’s nice, but it’s a short-term financial perk.
Frequently Asked Questions
Do Big 4 accounting firms pay bonuses? Do you get a signing bonus at a Big 4?
Traditionally, yes, Big 4 firms have offered a number of bonuses to employees. The CPA Exam bonus is just one of many. If you’re specifically asking, “do Big 4 firms offer signing bonuses?” the answer is also usually yes. However, the presence of a signing bonus may vary from year to year or even location to location. Additionally, with the economic effects of the pandemic, bonuses may be smaller or put on hold entirely.
How much is the Big 4 signing bonus?
I get this question a lot, phrased in many different ways, including:
- What is the typical Big 4 bonus?
- What are bonuses like at Big 4 accounting firms?
- How much bonus can an associate earn at a Big 4 firm?
While situations may differ by candidate and region, the typical signing bonus at a Big 4 firm is $2,500 to $5,000. Because each member of the Big 4 tends to follow the lead of the others, this is standard across all four companies.
As for other bonuses, the median is around 8% of your Big 4 salary. However, if you perform well, you will likely receive a higher percentage as a bonus.
When do Big 4 accounting firms issue a bonus?
If you’re asking “when do you get a signing bonus at a Big 4 firm?” the answer is, usually, along with your first paycheck. Other bonuses may be issued based on important work milestones, the length of time you’ve been with the firm, or the holiday season. However, the important thing to remember about bonuses is that they are, in fact, a bonus – that is, they’re not guaranteed income.
Does Big 4 let you keep your promotion bonus if you leave?
For most signing and CPA bonuses, there will be wording in the contract that says you must repay the bonus if you leave the firm within a set time. This is to prevent candidates from signing on for huge bonuses and then leaving for another employer. Typically, you must stay with the firm at least a year or pay back the bonus. The answer is the same for most promotion bonuses, as well.
Does your mentor get a bonus if you accept an offer at a Big 4 firm?
When you begin a job at a Big 4 firm like PwC, you’ll usually be paired with a partner or director to help mentor and guide you. However, whether this mentor receives a bonus for this role is unclear.
For Your Further Reading