When it comes to Big 4 internship compensation, Deloitte and PwC often provide the highest hourly rates for consulting interns.
While all Big Four firms—Deloitte, PwC, EY, and KPMG—offer competitive compensation packages for their interns, the pay structure can vary significantly based on the specific service line.
Consulting Roles Lead in Compensation
Interns pursuing consulting positions at Deloitte and PwC typically receive the most competitive pay. Their hourly rates for these roles are often in the range of $35 per hour. This higher compensation reflects the specialized skills and often demanding nature of consulting work within these firms.
Compensation for Audit and Tax Internships
In contrast to consulting, audit and tax internship positions generally offer slightly lower hourly rates across all Big 4 firms. While still competitive, these roles may not reach the peak hourly rates seen in consulting. This difference in pay is a common trend across the industry, with professional services roles like consulting often commanding a premium.
Summary of Internship Pay
Here's a quick overview based on typical offerings:
Firm (Highest Payers for Consulting) | Service Line | Typical Hourly Rate |
---|---|---|
Deloitte | Consulting | ~$35 |
PwC | Consulting | ~$35 |
Note: Audit and tax internships at all firms generally offer slightly lower pay.
Key Factors Influencing Internship Pay
Beyond the specific firm and service line, other factors can influence an intern's compensation, including:
- Location: Major metropolitan areas with higher costs of living often see slightly higher pay rates.
- Academic Background: Students pursuing advanced degrees or those from highly selective programs might sometimes command higher offers.
- Specific Projects: Certain specialized projects or teams within a service line might have varying pay scales.
Ultimately, while Deloitte and PwC are frequently noted for their leading compensation in consulting internships, all Big 4 firms offer valuable experience and competitive pay for aspiring professionals.