--- title: "Grant Thornton Will Start London Graduates on £40,000 From…" canonical: "https://www.metaintro.com/blog/grant-thornton-40000-london-graduate-salary" language: "en" author: "drashtigarach" published: "2026-09-30T13:09:33.000Z" modified: "2026-09-30T13:24:32.678Z" --- [Back to Blog](/blog) [News](/blog/tag/news)[Salary](/blog/tag/salary)[Finance](/blog/tag/finance)[Career](/blog/tag/career)[Europe](/blog/tag/europe) # Grant Thornton Will Start London Graduates on £40,000 From 2027, Above Big Four Rates Grant Thornton will pay London graduates £40,000 from 2027, above reported Big Four rates, with milestone bonuses. How offers compare and what to ask. [![Drashti Garach](https://cdn.metaintro.com/rs:fill:40:40/q:72/plain/images/5719d740-e510-42bc-8017-e040d145f35f_1766029465094.png)Drashti Garach @DrashtiGarach](/blog/author/drashtigarach) [September 30, 2026](/blog/archive/2026/09)12 min read ![Two young professionals with backpacks seen from behind walking along a City of London street in autumn light](https://cdn.metaintro.com/rs:fill:1200:675/q:78/plain/images/final-10409.jpg) [https://x.com/intent/tweet?text=Grant%20Thornton%20Will%20Start%20London%20Graduates%20on%20%C2%A340%2C000%20From%202027%2C%20Above%20Big%20Four%20Rates&url=https%3A%2F%2Fwww.metaintro.com%2Fblog%2Fgrant-thornton-40000-london-graduate-salary](https://x.com/intent/tweet?text=Grant%20Thornton%20Will%20Start%20London%20Graduates%20on%20%C2%A340%2C000%20From%202027%2C%20Above%20Big%20Four%20Rates&url=https%3A%2F%2Fwww.metaintro.com%2Fblog%2Fgrant-thornton-40000-london-graduate-salary)[http://www.facebook.com/sharer.php?u=https%3A%2F%2Fwww.metaintro.com%2Fblog%2Fgrant-thornton-40000-london-graduate-salary](http://www.facebook.com/sharer.php?u=https%3A%2F%2Fwww.metaintro.com%2Fblog%2Fgrant-thornton-40000-london-graduate-salary)[https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fwww.metaintro.com%2Fblog%2Fgrant-thornton-40000-london-graduate-salary&title=Grant%20Thornton%20Will%20Start%20London%20Graduates%20on%20%C2%A340%2C000%20From%202027%2C%20Above%20Big%20Four%20Rates](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fwww.metaintro.com%2Fblog%2Fgrant-thornton-40000-london-graduate-salary&title=Grant%20Thornton%20Will%20Start%20London%20Graduates%20on%20%C2%A340%2C000%20From%202027%2C%20Above%20Big%20Four%20Rates)[mailto:?subject=Grant%20Thornton%20Will%20Start%20London%20Graduates%20on%20%C2%A340%2C000%20From%202027%2C%20Above%20Big%20Four%20Rates&body=https%3A%2F%2Fwww.metaintro.com%2Fblog%2Fgrant-thornton-40000-london-graduate-salary](mailto:?subject=Grant%20Thornton%20Will%20Start%20London%20Graduates%20on%20%C2%A340%2C000%20From%202027%2C%20Above%20Big%20Four%20Rates&body=https%3A%2F%2Fwww.metaintro.com%2Fblog%2Fgrant-thornton-40000-london-graduate-salary) London graduates who join [Grant Thornton UK](https://www.grantthornton.co.uk/news-centre/early-career-launch/) from 2027 will start on [£40,000](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/), with new milestone bonuses built into the junior pay structure. The scheme behind that salary [launches in September 2027](https://www.grantthornton.co.uk/news-centre/early-career-launch/) and [will span audit, tax and advisory](https://www.grantthornton.co.uk/news-centre/redesigned-associate-programme/). The pay is higher than every London graduate range given for the [Big Four firms](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/), with the top of any range at [£36,000 for EY](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/). For [Metaintro](https://www.metaintro.com) readers weighing a first accounting offer, the salary is only one line of the package, and [the firm's own graduate page](https://www.grantthornton.co.uk/careers/early-careers/our-programmes/graduates/) fills in the rest, from entry rules to how long training takes and what support continues after you qualify. ## What Exactly Will Grant Thornton Pay London Graduates? The headline figure is a London starting salary of [£40,000 from 2027](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/). The rate comes with [the overhaul of the early careers programme](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/), and the [first cohort will join the new programme in September 2027](https://www.grantthornton.co.uk/news-centre/early-career-launch/). [Regional graduates will get proportionate pay increases](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/), and school leaver salaries will remain what the firm calls market leading. No regional figure has been published in [the firm's release](https://www.grantthornton.co.uk/news-centre/early-career-launch/) or the press coverage, so a trainee outside London cannot yet see what proportionate means in pounds. Grant Thornton describes the pay as a [market-leading starting salary](https://www.grantthornton.co.uk/news-centre/early-career-launch/), and the London figure is [£40,000](https://www.pqmagazine.com/grant-thornton-offers-market-leading-salary-and-more/). ## How Does the New Salary Compare With Big Four Graduate Pay? [KPMG typically starts London graduates around £34,500](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/). Graduates at [EY start between £30,000 and £36,000](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/), and [PwC and Deloitte sit between £30,000 and £35,000](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/) for their London schemes. Big Four firms [currently offer graduates between £30,000 and £36,000](https://www.pqmagazine.com/grant-thornton-offers-market-leading-salary-and-more/), and all four [are estimated to pay graduate salaries up to £36,000](https://finwire.io/news/business-news/major-london-firm-offering-40000-graduate-salaries-and-golden-hello). The Big Four have for decades been [among the largest graduate recruiters in the UK](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/). Mid-tier firms such as [BDO and Mazars pay 10% to 20% less](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/) than the Big Four. In banking, [NatWest announced it would offer](https://finwire.io/news/business-news/major-london-firm-offering-40000-graduate-salaries-and-golden-hello) its graduate trainees in corporate and institutional banking a £60,000 starting salary. That is a banking role, not an accountancy traineeship, so the two figures are not like for like. > There are future partners of this firm in sixth forms and university lecture theatres right now, deciding where to start, Chief People Officer Abigail Fisher said, according to [the Grant Thornton launch release](https://www.grantthornton.co.uk/news-centre/early-career-launch/). ## What Is Known About the Sign-On and Qualification Bonuses? The bonuses are [milestone payments at sign-on and after qualification](https://finwire.io/news/business-news/major-london-firm-offering-40000-graduate-salaries-and-golden-hello), and no amount for either has been published at the time of writing. That matters when you compare offers. A bonus paid once is a separate item from the annual salary, so treat it as a separate line when you set the offer against another firm's, and ask whether any part of it must be repaid if you leave early, since no repayment terms are set out in [the firm's release](https://www.grantthornton.co.uk/news-centre/early-career-launch/). ## What Does the Programme Include Beyond Pay? The programme centres on [structured learning built around developing the capabilities of a future partner](https://finwire.io/news/business-news/major-london-firm-offering-40000-graduate-salaries-and-golden-hello), not just the technical skills. Joiners on the new programme will get [business development training](https://www.grantthornton.co.uk/news-centre/early-career-launch/) to build networking skills and handle client conversations, plus enhanced client exposure with cross-service line and international secondments. Trainees [work directly with senior leaders early in their career](https://www.grantthornton.co.uk/careers/early-careers/our-programmes/graduates/), on real client conversations, and build business skills beyond technical training. They [work with organisations of different sizes that operate in various sectors](https://www.grantthornton.co.uk/careers/early-careers/our-programmes/graduates/), to get a full understanding of the complete business lifecycle. New joiners will also [become part of one connected cohort across all service lines](https://www.grantthornton.co.uk/news-centre/early-career-launch/), combined with a dedicated partner sponsor. Trainees will also get a [digitally enabled curriculum with access to leading AI tools](https://www.grantthornton.co.uk/news-centre/early-career-launch/) and digital solutions, alongside a fully funded professional qualification that includes paid study leave and expert tuition. Every trainee has a [named Partner sponsor from day one](https://www.grantthornton.co.uk/careers/early-careers/our-programmes/graduates/), and [all existing Associates will benefit](https://www.grantthornton.co.uk/news-centre/early-career-launch/) from the new programme. Whether existing Associates move to the new salary is not set out in [the release](https://www.grantthornton.co.uk/news-centre/early-career-launch/). Fisher said the 2027 Associate programme is [built around international secondments, client secondments and a named Partner sponsor for every Associate](https://www.grantthornton.co.uk/news-centre/early-career-launch/). ## How Do the Ascent and Summit Phases Work? [Ascent provides support during qualification](https://www.grantthornton.co.uk/news-centre/early-career-launch/), and Summit provides ongoing support after qualification through to partner. The programme is [designed to foster both professional growth and a strong sense of community](https://www.grantthornton.co.uk/news-centre/early-career-launch/), with a clearer line of sight to future leadership and long-term success in the firm. The scheme is designed to offer [a mapped-out pathway from trainee to partner, rather than training for qualifications](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/), with [enhanced client exposure, including international secondments](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/). Existing associates [will also be integrated into the new structure](https://www.accountancytoday.co.uk/2026/09/30/grant-thornton-launches-early-careers-scheme-with-pathway-to-partner/). Summit [provides post-qualification mentoring to guide juniors toward partnership](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/). ## Which Teams Does the New Programme Cover? The new programme [will span audit, tax and advisory](https://www.grantthornton.co.uk/news-centre/redesigned-associate-programme/). In May the firm said it [takes in more graduates and school leavers through Audit than any other route](https://www.grantthornton.co.uk/news-centre/redesigned-associate-programme/). The new programme [extends that investment across Tax and Advisory too](https://www.grantthornton.co.uk/news-centre/redesigned-associate-programme/), reflecting the firm's view that future partners should be able to grow across the full breadth of what the business does. Audit Partner Becky Eagle [played a key role in developing the new programme](https://www.grantthornton.co.uk/news-centre/redesigned-associate-programme/). For Eagle, students entering professional services today are [ambitious, digitally fluent and highly selective](https://www.grantthornton.co.uk/news-centre/redesigned-associate-programme/), and want a clear sense of progression, purpose and pace. Graduates joining Audit, Tax or Advisory can study for qualifications [including the ACA, CTA and CA](https://www.grantthornton.co.uk/careers/early-careers/our-programmes/graduates/), fully funded by the firm. A student working for a registered auditor that is authorised to offer adequate training [may be able to log time towards the UK Audit Qualification](https://www.icaew.com/learning-and-development/aca/employers/support-hub/professional-work-experience) while training for the ACA. ## Who Can Apply, and Do You Need a Particular Degree? Grant Thornton takes [a flexible approach to entry requirements](https://www.grantthornton.co.uk/careers/early-careers/our-programmes/graduates/), does not ask for certain degrees to have been studied, and weighs entry requirements alongside strengths, motivations and potential. One [tax associate at the firm](https://www.grantthornton.co.uk/careers/early-careers/our-programmes/graduates/) started out as a music teacher and primary school teacher, while another trainee moved from economics study into tax after a four-week internship. A graduate audit trainee [progressed to director in less than a decade](https://www.grantthornton.co.uk/careers/early-careers/our-programmes/graduates/), and another trainee [moved into the advisory team](https://www.grantthornton.co.uk/careers/early-careers/our-programmes/graduates/) after working in research for a financial company and in marketing for Grant Thornton. Applicants can ask for [reasonable adjustments to any stage of the recruitment process](https://www.grantthornton.co.uk/careers/early-careers/our-programmes/graduates/), such as a different application form format or a different interview style, by contacting the trainee resourcing team. Check the intake year before you apply. At the time of writing, the firm is [open for applications for its 2026 graduate and apprentice programmes](https://www.grantthornton.co.uk/careers/early-careers/our-programmes/graduates/), while the new salary applies [from 2027](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/). ## How Long Does Training Take Before You Qualify? The Grant Thornton graduate programme [covers three years of studying alongside working](https://www.grantthornton.co.uk/careers/early-careers/our-programmes/graduates/), with professional accountancy qualifications including the ACA, CTA and CA fully funded by the firm. ACA students must complete [a minimum of 450 days of professional work experience](https://www.icaew.com/learning-and-development/aca/employers/support-hub/professional-work-experience) under ICAEW rules, for those on the Next Generation ACA who started from 1 July 2025 or have been switched to it. That experience can come from [accounting, taxation, financial management, insolvency, information technology, or audit or assurance](https://www.icaew.com/learning-and-development/aca/employers/support-hub/professional-work-experience), and an employer does not have to offer audit work to offer ACA training. Exam days, holidays, training, illness and office administration do not count towards the total, and a full day is [considered to be 7 hours](https://www.icaew.com/learning-and-development/aca/employers/support-hub/professional-work-experience). Students may be able to apply for [up to 12 months credit for prior work experience](https://www.icaew.com/learning-and-development/aca/employers/support-hub/professional-work-experience) if they meet the required criteria. Training can also be done [on a part-time basis at ICAEW's discretion](https://www.icaew.com/learning-and-development/aca/employers/support-hub/professional-work-experience), and part-time contracts will affect the length of a training agreement. Trainee and employer must meet [at least every six months](https://www.icaew.com/learning-and-development/aca/employers/support-hub/professional-work-experience) to agree the days logged, so you can track how close you are to the 450-day mark. Students must [continue logging days to the end of the training agreement](https://www.icaew.com/learning-and-development/aca/employers/support-hub/professional-work-experience), even after the 450-day requirement is met. > Our ambition to lead the market on starting pay is a very deliberate signal about who we are and where we’re going, Chief People Officer Abigail Fisher said in May, according to [the Grant Thornton programme announcement](https://www.grantthornton.co.uk/news-centre/redesigned-associate-programme/). ## Why Is Grant Thornton Raising Junior Pay Now? The firm raised the rate [as it steps up its efforts to compete for the City's professional services talent](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/). In May the firm set [five ambitions for the new scheme](https://www.grantthornton.co.uk/news-centre/redesigned-associate-programme/), one of them to offer the highest starting salaries in the sector. The others are to be [the programme of choice for the very best students comparing their options](https://www.grantthornton.co.uk/news-centre/redesigned-associate-programme/), to give the firm the highest profile in the graduate and school leaver market, to deliver a genuinely digitally focused training experience, and to develop people who are genuinely capable of reaching partnership. At that stage the [structure, salary levels, digital curriculum and formal launch timeline were being finalised](https://www.grantthornton.co.uk/news-centre/redesigned-associate-programme/), and [the September release](https://www.grantthornton.co.uk/news-centre/early-career-launch/) now sets out the structure. The programme comes during what the firm calls [a significant period of growth](https://www.grantthornton.co.uk/news-centre/redesigned-associate-programme/), following investment from private equity firm [Cinven, which valued the firm at up to £1.5bn](https://www.grantthornton.co.uk/news-centre/redesigned-associate-programme/) and, the firm says, made it [the largest UK professional services business to take external equity investment](https://www.grantthornton.co.uk/news-centre/redesigned-associate-programme/), and the firm has [a goal of 160 new partners by the end of 2027](https://www.grantthornton.co.uk/news-centre/redesigned-associate-programme/). The firm had made [32 equity partner appointments](https://www.grantthornton.co.uk/news-centre/redesigned-associate-programme/) toward that goal by the time of the May announcement. The partnership [reached 282 partners in the first half of the year, up 9%](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/), with 41 new equity partners appointed over the last year. The redesign is meant to build [the partner pipeline of 2040 and beyond](https://www.grantthornton.co.uk/news-centre/redesigned-associate-programme/). ## Will You See the Salary in the Job Advert? Yes for trainee roles, since the firm will [advertise all trainee salaries in its job postings for the first time](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/). When an advert shows a salary, you can compare it directly with other offers rather than waiting until the final stage. If you plan to raise pay early, know [what pay transparency lets you ask](https://www.metaintro.com/blog/pay-transparency-laws-and-what-you-can-ask) before the first interview. ## What This Means for Graduates, and What Should You Do Next? The headline salary is a [London rate from 2027](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/), no regional figure has been published, and [the firm's own release](https://www.grantthornton.co.uk/news-centre/early-career-launch/) names no bonus amount. For applicants, the practical change is that trainee salaries [will be printed in job adverts](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/), which puts a figure on the table before the interview. Salary also sits beside the length of training. For trainees on the ACA, the starting salary covers a training period that requires [at least 450 days of professional work experience](https://www.icaew.com/learning-and-development/aca/employers/support-hub/professional-work-experience), so pay after qualifying belongs in the same decision as the first figure. Here is what we would do: - **Pin down the intake year.** Confirm whether an advert or offer is for the 2026 programmes, for which the firm is [open for applications for its 2026 graduate and apprentice programmes](https://www.grantthornton.co.uk/careers/early-careers/our-programmes/graduates/) at the time of writing, or the new scheme, whose [first cohort will join in September 2027](https://www.grantthornton.co.uk/news-centre/early-career-launch/). - **Ask for the regional figure in writing.** If you are outside London, ask what [proportionate](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/) means in pounds for your office. - **Put the bonuses on paper.** Ask the size of the sign-on and qualification bonuses, when each is paid and whether any part is clawed back if you leave. - **Compare the whole package.** Set study leave, tuition and secondments against rival offers to [compare total compensation, not just salary](https://www.metaintro.com/blog/compare-total-compensation-not-just-salary). - **Ask about credit for experience.** If you have worked before, ask whether it counts towards the [ICAEW prior experience credit](https://www.icaew.com/learning-and-development/aca/employers/support-hub/professional-work-experience). - **Use the number in other talks.** The [£40,000 London rate from 2027](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/) is a reference point when you discuss London pay with other firms. ## Related Articles - [How to Negotiate a Job Offer After You Have It in Writing](https://www.metaintro.com/blog/how-to-negotiate-a-job-offer) - [How to Negotiate Salary in an Interview](https://www.metaintro.com/blog/negotiate-salary-in-an-interview) - [Do You Know Your Number, the Salary Question to Answer Before Your Next Job](https://www.metaintro.com/blog/know-your-number-salary-question-before-next-job) - [Gross vs Net Pay and Why Your Paycheck Is Smaller Than Your Salary](https://www.metaintro.com/blog/gross-vs-net-pay) - [Why UK Graduates Feel the Student Loan System Is Stacked Against Them](https://www.metaintro.com/blog/uk-graduates-student-loan-system-stacked-against-them-2026) - [Why a Brutal First Job Market Can Dent Graduate Pay for Years, and How to Fight It](https://www.metaintro.com/blog/weak-first-job-market-graduate-wage-scarring-2026) - [Employers Say New Grads Arrive Missing the Basics and Here Is What to Learn First](https://www.metaintro.com/blog/new-graduates-missing-basics-skills-based-hiring-what-to-learn) - [Why Cutting Entry-Level Jobs Could Backfire on Employers](https://www.metaintro.com/blog/why-cutting-entry-level-jobs-could-backfire-on-employers) ## People Also Asked ### Q: How much will Grant Thornton pay graduates in London? A: London graduates joining the new programme will start on [£40,000 from 2027](https://www.cityam.com/grant-thornton-takes-on-big-four-giants-with-new-40k-salary-for-london-grads/), with [milestone bonuses at sign-on and after qualification](https://finwire.io/news/business-news/major-london-firm-offering-40000-graduate-salaries-and-golden-hello). ### Q: Is Grant Thornton's graduate salary higher than the Big Four? A: On current published figures, yes, since Big Four graduate pay sits [between £30,000 and £36,000](https://www.pqmagazine.com/grant-thornton-offers-market-leading-salary-and-more/), below the new London rate. ### Q: Do you need an accounting degree to join Grant Thornton as a graduate? A: No, the [graduate programme page](https://www.grantthornton.co.uk/careers/early-careers/our-programmes/graduates/) states that the firm takes a flexible approach to entry requirements and does not ask for certain degrees to have been studied. Wondering what you should earn? 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