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Old 20-01-2023, 10:19 AM
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Originally Posted by Unregistered View Post
Your premise is flawed. This advice has been raised and debunked multiple times in this forum already.

Big 4 operates on a pyramid model. 100 people every year per batch but only, let's say, 5 make it to partner. 95% attrition rate. The business model depends on voluntary attrition. If more than the projected partnership candidate yield refuses to quit, the firm will deploy involuntary attrition methods by making surplus managers "hetak kaki" or "managing" them out. You are one of the 5%.

If the firm had a business case, they would be promoting more than 5% per batch to partnership.

Hence, you being one of the 5% doesn't mean anything and your advice isn't applicable or effectual for the other 95%. This fallacy is called "survivorship bias".
Are Audit Partners in Singapore equity partners? Or salaried?

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