Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

bad. see the other reply about 3k for experienced staff. that's the reality even if you leave audit, no one will pay you above audit pay.

even if there is a well-paying role, expect it to be snatched by lowballing laid-off finance managers and controllers.

been looking for a role for so many months and contemplating an outright career change at this point.

Same. I also been job searching since last year and feel hopeless when see co ask for 5yrs experience finance manager with salary 5k.

Originally Posted by Unregistered

Same. I also been job searching since last year and feel hopeless when see co ask for 5yrs experience finance manager with salary 5k.

Recently left, been searching for 9 months before that, left as manager and got 1 rank pay increment. I also know people who recently left and got 2 rank pay increase. All left for MNCs (they usually pay better)

Just know how you can bring value and sell it. If you can't sell that or don't know how you can value-add, then you deserve lower pay.

Originally Posted by Unregistered

Recently left, been searching for 9 months before that, left as manager and got 1 rank pay increment. I also know people who recently left and got 2 rank pay increase. All left for MNCs (they usually pay better)

Just know how you can bring value and sell it. If you can't sell that or don't know how you can value-add, then you deserve lower pay.

9 months is pretty long. I hope I can get a job before Dec 24 peak. Based on the ppl above seems like going to be real bad

Originally Posted by Unregistered

Not just audit but other service lines too.

But impacts audit more heavily due to the lower fees and margins. Would be great if the govt could step in to intervene with audit fees by setting a floor. And big four setting lower margin requirements - sorry partners

For a more sustainable industry?

Dont know which firm you are in. Big4 Audit margins are high, engagement economics always look like **** because of cost accounting and all the inbuilt margins, in reality you can charge 16 hours per day @ $160 charge rate but your cost is still fixed to 4k.

Just pay attention during townhalls, audit profit margin is easily 30+% then take a look at your listcos profit margin.

As far as i can tell, only financial services industry jobs incl fintech can match or possibly give higher than audit pay. The rest 99% is ggpaycutsrynotstyidgaf.

Is pwc audit the highest paid now? Heard the revised salary….
How about the rest

Originally Posted by Unregistered

Is pwc audit the highest paid now? Heard the revised salary….
How about the rest

Only for associates ?

Originally Posted by Unregistered

As far as i can tell, only financial services industry jobs incl fintech can match or possibly give higher than audit pay. The rest 99% is ggpaycutsrynotstyidgaf.

This is my experience too, unfortunately if you didn't audit FS companies you're **** out of luck.

Originally Posted by Unregistered

Only for associates ?

Just go work 2 years then chao

The irony is FS depts in all big 4 appear to be lacking the most ppl. Private equity, banks and insurance/re-insurance firms are the most willing to hire big4 auditors w/o commercial exp at matching or higher salary. Yet no one wants to do FS audit.