(2022) EY guide to salary levels, pay scale & compensation

Ernst & Young is one of the biggest tax and consulting behemoths in the world. It is also considered one of the Big 4 consulting firms, alongside:

- Deloitte
— Ernst & Young (EY)
— PricewaterhouseCoopers (PwC)
— Klynveld Peat Marwick Goerdeler (KPMG)

Most EY salary guides online are very vague and do not give you sufficient information. To better understand the salary structure, before making a decision, we will dive deep into all of the information you must know before applying for a job at EY.

The 5 major Positions within EY

There are 5 Major positions within EY:

  1. EY Consultant
  2. EY Assurance
  3. EY Audit
  4. EY Tax
  5. EY Advisory

Within these 5 major positions, there are different levels. Each level has its determined compensation structure. We will dive deep within each level and structure so you can know the transparency of each pay structure.

EY Consultant US Salary

Associate Consultant Pay Structure: The total salary for an Associate Consultant is 83,300. Here is a breakdown of it:

| Benefit | Amount | | — — | — — | | Base Salary | $75,000 | | Cash Bonus | $7,800 | | PTO | Unlimited | | Sign-on Bonus | Up to $5,000 | | Relocation Assistance | Up to $2,000 | | Retirement Plan | 25% Employer Match/ Up to 6% | | Total Compensation: | $83,000 |

Senior Consultant Pay Structure: The approximate total salary for a Senior Consultant is $105,000. Some benefits are the same as an Associate’s:

| Benefit | Amount | | — — | — — | | Base Salary | $100,000 | | Cash Bonus | $5,000 | | PTO | Unlimited | | Sign-on Bonus | Up to $5,000 | | Relocation Assistance | Up to $2,000 | | Retirement Plan | 25% Employer Match/ Up to 6% | | Commission Sharing | N/A in US | | Total Compensation: | $105,000 |

Senior Manager Pay Structure: The approximate total salary for a Senior Manager is $200,000. Some benefits and compensation for this position can very be depending on the country. Here is a breakdown of it:

| Benefit | Amount | | — — | — — | | Base Salary | $192,570 | | Cash Bonus | $8,334 | | Profit Sharing | N/A in US | | Commission Sharing | N/A in US | | Stock Award | N/A in US | | Total Compensation: | $200,000 |

Consulting Director Pay Structure: In the United States the approximate total salary for a Consulting Director is $222,700. Bonuses also start to vary, and at this position, profit share opens up as compensation in the US. Here is a breakdown of it:

| Benefit | Amount | | — — | — — | | Base Salary | $205,835 | | Cash Bonus | 11,517 | | Stock Award | N/A in US | | Profit Sharing | $5,000 | | Total Compensation: | $222,700 |

Partner Pay Structure: In the United States the approximate total salary for a Partner is $600,000. Here is a breakdown of it:

| Benefit | Amount | | — — | — — | | Base Salary | $513,708 | | Cash Bonus | $42,887 | | Profit Sharing | $54,313 | | Stock Award | N/A in US | | Total Compensation: | $600,000 |

EY Assurance — (Audit & Tax) US Salary

Many positions are umbrellaed under the Assurance name such as Forensic, Accounting, Audit, and Integrity. The 2 major positions that we are going to dive in deep and talk about are Assurance and Taxes.

Audit Staff

Audit Staff 1–2 Pay Structure

The approximate total salary for the Audit Staff position is $66,600. Here is a breakdown of it:

| Benefit | Amount | | — — | — — | | Base Salary | $63,000 | | Cash Bonus | $3,346 | | Total Compensation: | $66,600 |

Audit Senior Staff Pay Structure

The approximate total salary for Audit Senior Staff is $82,000. At this position, profit sharing opens up as part of the compensation plan. Here is a breakdown of it:

| Benefit | Amount | | — — | — — | | Base Salary | $77,451 | | Cash Bonus | $3,050 | | Profit Sharing | $2,421 | | Total Compensation: | $82,000 |

Audit Manager Pay Structure

The approximate total salary for an Audit Manager is $116,000. Here is a breakdown of it:

| Benefit | Amount | | — — | — — | | Base Salary | $106,733 | | Cash Bonus | $4,066 | | Profit Sharing | $5,050 | | Total Compensation: | $116,000 |

Tax Staff

Tax Staff 1–2 Pay Structure

The approximate total salary for Tax Staff 1–2 is $67,000. Here is a breakdown of it:

| Benefit | Amount | | — — | — — | | Base Salary | $64,083 | | Cash Performance | $3,141 | | Total Compensation: | $67,000 |

Tax Senior Salary

The approximate total salary for Tax Senior is $92,000. At this level, cash bonuses, profit sharing, and commission sharing become available. Here is a breakdown of it:

| Benefit | Amount | | — — | — — | | Base Salary | $80,181 | | Cash Bonus | $3,148 | | Profit Sharing | $7,720 | | Commission Sharing | $1,008 | | Total Compensation: | $92,000 |

Tax Manager Salary

The approximate total salary for a Tax Manager is $127,000. Here is a breakdown of it:

| Benefit | Amount | | — — | — — | | Base Salary | $117,168 | | Cash Bonus | $5,062 | | Profit Sharing | $5,147 | | Commission Sharing | $1,760 | | Total Compensation: | $127,000 |

US EY Advisory Salary

Advisory Staff Salary

The approximate total salary for Advisory Staff is $80,000. Here is a breakdown of it:

| Benefit | Amount | | — — | — — | | Base Salary | $74,848 | | Cash Bonus | $5,234 | | Total Compensation: | $80,000 |

Advisory Manager Salary

The approximate total salary for an Advisory Manager is $161,000. At this level, Cash bonuses, Profit Sharing, and Commission Sharing are part of the compensation. Here is a breakdown of it:

| Benefit | Amount | | — — | — — | | Base Salary | $148,511 | | Cash Bonus | $6,318 | | Profit Sharing | $5,483 | | Commission Sharing | $1,139 | | Total Compensation: | $161,000 |

These tables and figures provided are courtesy of mconsultingprep.com

Other Roles

The roles and positions that were stated above are only the most popular. The company is enormous and has various other roles and positions. Down below you will find a table with some of the other roles within Ernst and Young. You will also find different Ernst and Young Salaries.

Average Salaries at EY

This table is courtesy of indeed.com

To get more detailed, we will lay out a table below that goes over the salary averages by the department at Ernst and Young.

Ernst & Young (EY) Salary Averages by Department

This table is courtesy of Comparably.com

When employees were asked about their compensation, they felt that their salaries were very competitive for the market that they were in. 335 employees felt that their salaries were superior compared to other companies in the same industry. There are reported to be 71 different EY Salaries.

Here is also another table that shows compensation averages at the company:

Compensation averages at Ernst & Young

This table is courtesy of Comparably.com

Components of compensation at Ernst & Young

When you look further into what makes up the compensation plan at EY, you see that there is a lot more than just — the salary.

There are 7 major components that are structured in the compensation plan:

  1. Base Salary: This is the pay before any bonus.
  2. Cash Bonus: This is a bonus, that can be based on various factors such as performance, production, and position.
  3. PTO: This is paid time off. The amount of time they will pay you for taking time off.
  4. Signing Bonus: This is a bonus you get when you accept a certain position.
  5. Relocation Assistance: This is an assistance that the company pays for you to relocate.
  6. Retirement Plan: This is usually contributed to a 401k or IRA
  7. Stock Award: This is compensation in form of equity that the company gives you.

It is a good idea to understand every part of the compensation and what they entail. Because not all of the compensation is paid at the same time. Some compensations like stocks can take months or years to vest.

Make sure that you thoroughly read and understand your contract before you accept a position because many compensations are also given in the form of contingencies.

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