EY Rolls Out Double-Digit Pay Hikes to Recruit New CPAs (1)

Ernst & Young LLP will reset base salaries for its accounting recruits starting this fall with pay raises of more than 10%, the Big Four firm said Friday.

EY also plans to keep increasing starting salaries for two additional years as well as boost pay for other early-career accountants. The higher wages are part of a $1 billion, three-year commitment by EY to attract and train incoming accountants for the artificial intelligence era.

Bigger paychecks from firms like EY that dominate the market will set the pace for higher wages across the industry, pressuring mid-tier and even smaller regional ...