Of cos I know the business. I counted three because old timers like me never considered Deloitte to be one of the big boys, up till today unlike youngsters.

The annual increment is year on year? And ALL auditors get annual increment year on year? Ask again. Their base salary starts out over $1k lower than other farmer graduates. The increment doesn’t mean much. $100 increment for poor performers from such a low base is very very bad. Even a $500 increment doesn’t mean as much because the starting pay is very bad. There’re many other jobs that give you $500 annual increment from a much higher base.

I know many accountants who continued in the finance route, became finance managers after 10 years only earning $5k. A 35 year old finance manager I know is drawing only $5k+ and she’s not alone.

If accounting is so attractive, there won’t be such huge numbers of local accountancy graduates applying to be insurance agents with AIA and Prudential. The next time in Orchard or Raffles you see them at their road show hawking insurance, ask them where they come from.

Recession proof is definitely false. The info you gave above is only for auditors. “Asked to leave” = fire. I know of many auditors who were asked to leave/fired. There’s only no retrenchment because auditors are recruited in huge numbers, paid very low wages and are worked to the bone. No need for retrenchment.

Like I said earlier, accountancy graduates either become auditors or finance executives. The latter depend on how many companies are alive to hire a money counter. It’s one of the last few jobs anyone would describe as recession proof.

I assure you I know over 20 finance managers who were fired in the few years. I have listed a slew of recession proof jobs above. Healthcare is another one you can list to the list of what is RECESSION PROOF.