Quote:
Originally Posted by bitemee
I see, thanks for the insights  in law firms partners have a cut of the takings, is this also true in accounting firms (advisory side)? |
Profit sharing is just another type of bonus, all accounting firms will have them in some form. The main thing is how much bonus does it pay ever year?
The senior partners get paid bonuses USD2mil upwards easily whereas for your average Singapore "Director" if you can get USD100k is already star performer in very good year.
I use to work in the payroll outsourcer for one of the big4 here & I can tell you in their SG office the number of ppl who get paid >US$500k a year is less than 10 and none of them exceed US$1mil. Dun be fooled by their titles and act big arrogant attitude.
Base on my exp, if you compare a partner in a big4 in SG with a local MD in a foreign bank, the bank MD make at least 1x higher.