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Which accountants are relaxing this summer? 😎
All about hours worked
Your May Update: All about hours worked
In this update on Big 4 Transparency, we’ll be touching on the following:
Key takeaways about reported average weekly hours worked
A shoutout to this edition’s email sponsor
New opportunities being shared on the Job Board
Findings on average weekly hours worked
With the sun coming out and the weather heating up, we’ve all got summer on our minds, so the focus of this update is on… hours worked!
Big 4 Transparency is mostly about salary information but an increasingly important factor in choosing where to work is work-life balance. Luckily we’ve got data on that as well, so let’s dive in to the findings. These are all based on self-reported “Average weekly hours” reported by site users.
Average weekly hours worked by service line
Tax: 48.84 hours
Audit: 48.76 hours
Financial Advisory: 48.56 hours
Consulting: 47.98 hours
Risk: 47.45 hours
Industry: 43.98 hours
Average weekly hours worked by firm
BKD: 51.2 hours
PwC: 50.5 hours
Armanino: 49.4 hours
EY: 48.7 hours
CliftonLarsonAllen: 48.5 hours
Baker Tilly: 48.4 hours
Moss Adams: 48.4 hours
BDO: 48.4 hours
RSM: 48.4 hours
KPMG: 48.1 hours
Grant Thornton: 48.1 hours
Deloitte: 48.1 hours
Crowe: 47.3 hours
Accenture: 47.2 hours
CohnReznik: 47.1 hours
MNP: 44.4 hours
Average weekly hours worked by experience level
6 years of experience or more: 49.4 hours
Under 6 years of experience: 48.2 hours
Average weekly hours worked by location
United-States: 48.7 hours
Canada: 47.8 hours
Rest of Europe: 45 hours
United-Kingdom: 44.6 hours
What I found to be really interesting about what was found was that people with 6 or more years of experience actually worked more than those with less on average. Having only stayed there long enough to see analyst and senior level work-life balance, I would have assumed the opposite result, but it’s good to know that managers and up are working just as hard if not more.
The rest of the results came out as expected for the most part with industry roles having the least hours on average, and places outside of North-America having less hours to work on average.
The solution to your crypto tax nightmare
I’m so excited to have Crypto Tax Calculator as the sponsor of this newsletter. 2021 was a big year for crypto and it doesn’t seem like it’s going away any time soon. Crypto Tax Calculator continues to be my tool of choice for myself and the handful of clients I took on from the Bored Ape Yacht Club for calculating crypto taxes. They give you the flexibility to adjust your tax position on certain aspects as regulations evolve or for your specific tax jurisdiction and do a great a great job of categorizing NFT transactions. Go check them out for all of your crypto tax needs.
New opportunities for you
We’re seeing a bit of a cooldown in the talent market compared to early 2022, but there are still loads of amazing opportunities out there for those of you who are looking for something new. For the Big 4 Transparency job board, I make sure to target interesting opportunities outside of what most recruiters are already pitching you, so I encourage you to keep your eyes peeled if you’re looking for a new opportunity. Here are the new ones we’ve got posted for you:
Turing - Sr. Accounting Manager
Remote (USA)
$120k - $200k Salary depending on the applicant’s level
5+ Years Experience
Modern Sprout - Accounting Associate
Chicago preferred
$55k - $65k
2+ Years Experience
Greater Toronto Area preferred, remote accepted
$125k - $140k CAD
5+ Years Experience
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