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Topic: Was it a good raise??

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sandiegoCPA
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Joined: January 15 2009
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Posts: 51

Posted: January 15 2009 at 11:22pm \| IP Logged

I've been reading everyone's posts and I have a dilemma: I have over 6 years of experience in audit and two of those years I have been doing tax work at a very small CPA firm in San Diego (a total of 12 people). The firm has treated me very well over the past two years and I really enjoy working there. I just received my performance review, which was very good and I also got about a 10% raise, which brought me into the mid $70's. Do you think this is good? I know the economy ig going down the tubes, but I don't think my firm will be negatively affected because we're picking up clients rather than losing them. I was expecting more because I just received my CPA license. I was thinking of interviewing at other firms in the area just to get an idea of my market value, but I don't want to risk my current firm finding out that I'm looking.

lelik
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Joined: March 21 2006
Location: United States
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Posts: 1374

Posted: January 16 2009 at 10:39am \| IP Logged

sandiegoCPA, I would say that the average raise is around 5%. You salary seems to be decent. The CA job market is in a pretty bad shape right now. I don't see too much sense in leaving the company that you like to go to one that you might not like as much because of some $5-10k, which you won't feel anyway thanks to taxes.

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rod7896
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Joined: October 31 2008
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Posted: January 16 2009 at 10:27pm \| IP Logged

Raises at our firm (mid-size regional firm in the Midwest) for those receiving promotions were only 2% this year. We do a lot of home builders and real estate professionals, and this was a bad year.

The 2% was the same whether going from Staff 1 to 2, Staff 2 to Senior, or Senior to Supervisor. I have heard from friends at other firms who received raises of 2-5% recently.

All things considered, I don't think I would be upset with a 10% raise.

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clips2007
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Joined: November 03 2007
Location: United States
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Posted: January 17 2009 at 2:35am \| IP Logged

cheese with that wine? its a blood bath out there; you should be happy with that salary. If you want 6 figures or more without 10+ years experience than I would suggest getting a JD or top 15 MBA. Good economy or bad economy, CPA is a thirty year career to a peaceful retirement.

ViaM
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Joined: November 23 2008
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Posted: January 17 2009 at 2:15pm \| IP Logged

Your raise is pretty decent even without considering the economy. The average annual raise is 5%. I'm in corporate accounting and just got a big promotion into management. My raise is 18% and I'm happy. Also, I have 8 yrs corp acctg experience and one thing I learned is that, liking your job/company matters. If you like where you are but want more money, just ask them.

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