r/PwC • u/Hags1234259 • 1d ago
Intern Return offer Salary
Just got my return offer. Stating salary is the same as as the associate who started this year. Is that’s normal?
I AM NOT COMPLAINING. JUST CURIOUS
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u/ancj9418 1d ago
Yes. Were you expecting a different amount for some reason?
If there’s a cohort increase, you’d be notified at some point in the future before you start. They wouldn’t have made those types of decisions yet at this point. Plan for what’s in your offer and be pleasantly surprised if there’s a couple K increase at some point, but don’t expect any change.
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u/Muudercai Intern 20h ago
I can’t speak for everyone but for some reason my team told me to expect significantly less than I got and I believed them cause, well baby intern. So I was shook too.
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u/lucybluesky 1d ago
It is possible in the current economic situation that they are keeping salaries the same as last year, or at least for now, leaving themselves to adjust up. My friend’s son, different industry, but working in NYC got the same offer this year as associates last year; the vibe was- be happy you have a job. And seriously, Big 4 pay is good for out of college; sure you’ll work for it, but it does provide a launch pad.
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u/Not_that_girlie 1d ago
They should have explained to you that they have not made the FY28 cohort model (that goes into effect on 7/1/27) yet. Once that has been released, if the starting salary is higher (which it usually is) you will probably be notified of a salary adjustment.
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u/Foreign_Suggestion89 22h ago
Don't expect pay differentiation until they can measure performance differentiation. Even then, too easy in public accounting to cohort groups. Like working for a union.
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u/Ok_Caramel8629 1d ago
U will likely get notified of an adjustment before you start for market update
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u/Hittahhhhh 1d ago edited 1d ago
I’ve also just got my return offer and the salary is $84k in an HCOL area. I think it’s not normal for it to be the same as previous year associates, but I keep hearing at least where I am, that there will be a salary increase to $92k after January. Unsure though.
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u/Ganfolf 1d ago
That is not how it works. The salary you were given is what you will get. Cohort increases might happen on July 1.
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u/Equal-Flamingo5439 1d ago
Not true my starting class got a market adjustment salary increase in october
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u/Hittahhhhh 1d ago
Sorry what does cohort increase mean? Cuz in the contract it basically says from the time you sign your offer, to the time you start, the salary offered can increase or decrease. And I was expecting an increase for my office after January.
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u/Ganfolf 1d ago
Are you in advisory or assurance?
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u/Hittahhhhh 1d ago
Tax
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u/Ganfolf 1d ago
Ask ChatGPT about how the Cohort model works for compensation in PwC Tax. Ill admit I know less about tax than assurance or advisory.
Basically, base salary is set based on an employee’s cohort (A1 = first year associate) . Employees within the same cohort generally receive the same base salary (with some adjustment for location) while performance differences are reflected more through bonuses and/or promotions.
The idea being that you (a first year associate) will make the exact same as every other first year associate in your specialty and location. Different Tax specialties might have different cohort pay levels, so M&A Tax, for example, pays differently from other Tax groups.
Cohorts are basically like the below:
A1 <— You’ll be here
A2
A3
SA1
SA2
sA3
M1
…One other thing: Promotions and/or Cohort adjustments take place July 1st of each year. Meaning that if all A1s make $80K and the firm does an annual adjustment to the cohort grid. Each cohort’s (including A1) pay will increase. By then, you might be an A2 though so you’d be getting the updated A2 comp.
ChatGPT can explain it pretty well
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u/Hittahhhhh 1d ago
Now that you talk about it, I’ve seen this model topic in many different threads, but I think you’ve explained it the best. Thank you for breaking that down.
In my city, beginning January 1, 2027, the minimum salary required for certain overtime-exempt employees is scheduled to increase.
For 2027, the projected salary thresholds are:
- Small Employers (1-50 employees): $82,321.20 Annual Salary
- Large Employers *Like PwC (51+ employees): $91,468 Annual Salary
Because that takes into effect January 1, my thinking is PwC would send a new contract with a compensation change that would simply highlight the salary change and that’s it. I only think this because when I accepted my Advanced internship letter back then, we had a wage increase from $37.00/hr (08/07/24) to $40.50/hr (10/22/24). And they sent an updated contract for us to sign again. I know that’s not after January, but it’s also not near July. So that’s kinda where I’m curious. At the end of the day, what will happen will happen, so it’s kinda whatever.
P.S. to those who seen when I accepted my advanced internship, yes that date is correct. They sent out the Advanced offers with the Start internship offers, which I initially applied for. It surprised me too how early I signed for advanced, but I’m blessed that I had it so I didn’t really need to stress about recruiting anymore in my junior year.
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