Grant Thornton takes on Big Four giants with new £40K salary for London grads
Grant Thornton has raised its London graduate starting salary to £40,000 and introduced “milestone bonuses” into the pay structure as part of the firm’s ambition for significant growth. The private equity-backed firm has overhauled its early careers programme, first reported by City AM in April, and, as City AM understands, will offer ‘market-leading’ starting salaries to London [...]
Grant Thornton has increased its London graduate starting salary to £40,000 and introduced "milestone bonuses" as part of its ambition for significant growth. The private equity-backed firm has revamped its early careers programme, with a starting salary of £40,000 for London juniors from 2027. This move aims to compete with the Big Four, whose London graduate salaries typically range from £30,000 to £35,000.
The new scheme will offer a clear path from trainee to partner, with juniors assigned a named partner sponsor and enhanced client exposure. The programme is divided into two phases: 'ascent', which covers fully-funded professional qualifications, and 'summit', which provides post-qualification mentoring. Abigail Fisher, Grant Thornton's chief people officer, emphasized the firm's commitment to investing in its people and providing a genuine path to partnership.
The firm's private equity investment reached £1.5 billion in 2024, with the partnership growing to 282 partners in the first half of the year.
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