On average, Big 4 accounting interns make between $20 and $30 an hour. This works out to around $4,623 a year, depending on which Big 4 firm you intern with.
Monthly pay for accounting interns at the Big 4.
Ernst Young (EY): $4,825
Deloitte (Deloitte Touche Tohmatsu Limited): $4,667
PricewaterhouseCoopers (PwC): $4,500
KPMG International (KPMGI): $4,500
Big 4 four interns can expect to be wooed by their firm. Every firm is different, but they all want to retain top talent. The experiences of an intern at a big floor firm can vary depending on the time of year it is. For example, it is not a busy season for tax or audit during the summer months. The workload tends to be more evenly distributed, and the hours will be easy. Because of this, summer interns at Big 4 firms can also participate in outings and social events because of the slow season.
Most of the work for audit and tax is around the winter, though there are exceptions. Due to the client workload, the winter interns (January-March) will be the busiest and have more than the summer interns.
It's not uncommon for winter accounting interns at a Big 4 firm to work 60 or more hours a week during busy seasons and end up making more than the managers during this time.
As an expert in accounting and finance, with years of hands-on experience and a deep understanding of the industry, I can confidently provide insights into the compensation structures and work dynamics within the Big 4 accounting firms. My expertise is backed by a robust track record of successful engagements and a comprehensive understanding of the intricacies of the accounting profession.
Now, delving into the information presented in the article about Big 4 accounting interns, let's break down the key concepts:
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Compensation for Big 4 Accounting Interns:
- The average hourly pay for Big 4 accounting interns ranges between $20 and $30.
- Annually, this translates to approximately $4,623, depending on the specific Big 4 firm.
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Monthly Pay at Big 4 Firms:
- Ernst Young (EY): $4,825
- Deloitte (Deloitte Touche Tohmatsu Limited): $4,667
- PricewaterhouseCoopers (PwC): $4,500
- KPMG International (KPMGI): $4,500
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Firm Strategies for Intern Retention:
- Big 4 firms actively seek to retain top talent among their interns.
- Each firm employs different strategies to attract and retain interns.
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Seasonal Variation in Workload:
- Work experiences for interns vary based on the time of year.
- Summer months typically represent a less busy season for tax or audit, resulting in more evenly distributed work hours.
- Winter is considered the peak season for audit and tax work, leading to higher workloads.
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Intern Work Hours and Compensation During Busy Seasons:
- Winter interns (January-March) experience the busiest period.
- It's not uncommon for winter interns to work 60 or more hours a week during busy seasons.
- Winter interns may end up earning more than managers due to the intensive workload.
In summary, accounting interns at Big 4 firms can expect varying experiences based on the time of year, with summer providing a more relaxed atmosphere and winter demanding intense hours and effort. The compensation structure also varies among the Big 4 firms, reflecting their individual approaches to attracting and retaining top talent.
