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Accounting firm Trainee Salary

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  • 14-11-2014 9:27pm
    #1
    d2014
    Registered Users Posts: 31 ✭


    Hi

    I've been offered a position with a large accounting firm. I'ts a trainee contract for 3 years. Starting salary is just over 20k which is upsetting as I was on the same money when I completed a 6 month placement, and due to the fact that I worked so hard in getting this job

    I'm in the technology sector, starting salaries are roughly 30k for grads give or take a few K, but I know there's no room for negotiation with Deloitte and its a take it or leave it situation

    Has anyone had this experience in taking a job like this, and if so, were the yearly salary increases big or small?

    Thanks so much in advance
    Tagged:


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    #2
    lostsoul21
    Registered Users Posts: 39 ✭lostsoul21


    Did you not just ask the same question in another thread you set up ?


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    #3
    Berserker
    Closed Accounts Posts: 9,046 ✭✭✭Berserker


    Work in the same sector myself and I wouldn't even consider that offer, if I was you. That salary is woeful.


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    #4
    dudara
    Registered Users Posts: 33,518 ✭✭✭✭dudara


    What qualification will you be pursuing? That kind of salary is typically only offered to people who are studying to qualify.


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    #5
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    A starting salary of 30k for an IT grad- is typically for someone who can land on their feet and get going immediately. It is not for someone who requires a considerable conversion or training programme. I'm familiar with several people who've done accounting firm training programme- and gone on to bigger and better things (not least, one of my sisters- who is still with them). It is a hard slog. She was a fully qualified solicitor when she took the post- and despite not having an accountancy background- was expected over the course of her traineeship to acquire specific skills pertinent to those type roles.

    The salary is one aspect of the job- normally there are specific milestones you can meet which result in salary bumps- such as taking professional exams etc.

    Btw- 30k for an ICT grad- without good experience or proven skills- is the exception, not the norm- in *any* industry- public or private sector.


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    #6
    Interested Observer
    Registered Users Posts: 13,051 ✭✭✭✭Interested Observer


    The salary is fairly poor until you get chartered. If you get that a lot of options seem to open up for you, get a good bump in pay, etc. Can take three years though.


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    #7
    Berserker
    Closed Accounts Posts: 9,046 ✭✭✭Berserker


    Interested Observer wrote: »
    The salary is fairly poor until you get chartered.

    Chartered? The OP works in the tech sector. What level of education have you OP?


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    #8
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    Berserker wrote: »
    Chartered? The OP works in the tech sector. What level of education have you OP?

    He probably has an IT degree and wants to walk into a 30k+ job?
    <<removed firm name at OPs request>> has a standard approach which it applies to all-comers- I've friends with honours Ag Sci. degrees who got their professional accountancy exams in <<removed firm name at OPs request>>....... If you subscribe to their model- its really really good- if you don't subscribe to their model- its not for you.........


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    #9
    Interested Observer
    Registered Users Posts: 13,051 ✭✭✭✭Interested Observer


    Berserker wrote: »
    Chartered? The OP works in the tech sector. What level of education have you OP?

    Ah right sorry, don't mind me.


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    #10
    Berserker
    Closed Accounts Posts: 9,046 ✭✭✭Berserker


    The_Conductor wrote: »
    If you subscribe to their model- its really really good- if you don't subscribe to their model- its not for you.........

    I am aware of their model but I didn't realize that their grad salaries were that low. You couldn't possibly make ends meet on €20K, unless you live with your parents.


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    #11
    TimeToShine
    Registered Users Posts: 4,881 ✭✭✭TimeToShine


    Berserker wrote: »
    I am aware of their model but I didn't realize that their grad salaries were that low. You couldn't possibly make ends meet on €20K, unless you live with your parents.

    You could definitely make ends meet on a low 20k salary even if you lived in Dublin.


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    #12
    Tarzana2
    Closed Accounts Posts: 3,553 ✭✭✭Tarzana2


    Berserker wrote: »
    I am aware of their model but I didn't realize that their grad salaries were that low. You couldn't possibly make ends meet on €20K, unless you live with your parents.
    TimeToShine wrote: »
    You could definitely make ends meet on a low 20k salary even if you lived in Dublin.

    Yup, I earn 20k and live in Dublin. I don't live at home. I make ends meet. I save money. I do social things. However, I don't have a car, don't smoke, and don't drink often. So I guess all these things require a lot of money if you have/do them. Even so, people don't seem to know how to budget anymore if they think you can't live on 20k in Dublin.


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