Forums - View Single Post - Q: Big4 - Yearly salary increment
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  #73 (permalink)  
Old 10-03-2015, 03:47 PM
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Originally Posted by Unregistered View Post
Sorry but I'm not getting the logic here, hope experienced bros can help clarify. So meaning on the first year joining PWC is just 3k x 12 with nothing else? No bonus no aws?

I mean I'm a bit shocked that a Big 4 can offer such lousy terms that is even worse than SME starting pay. AFAIK even a SIM grad joining a small local firm can get 2.5k x 12 + aws + 1.5-2mths variable which actually end up higher than PWC annual.

I know the big 4 emphasize how their increment better, after few years better on the cv to look for other jobs etc. But honestly very shock that it can be so pathetic low at the start. If it's really that bad then I can understand now why so many of uni coursemate majoring in Finance are so desperate to join the banking side even if as back office admin support.
I wld like to clarify that I have not heard of any 3k x 12 offers. In a certain big 4 dept (as previously mentioned a few times in the last page) the first yr salary is 3.5k x 12. No aws, no bonus.

All other depts are 2.7k x 12 + bonus. Someone here mentioned 3k so maybe big 4 has adjusted their starting salary for 2015. For 2014 fresh grad pay was still 2.7k.

I also agree with some other comments here regarding big 4 in general. 90% of people who enter big 4 treat it as a stepping stone to get into mncs after 3-4 years of experience. only those truly crazy stay on past yr 5 to become managers and continue earning the lousy pay for the crazy hours. big 4 like to say they give good increments but even if 6k after 6 years is good, dont forget most people work 8 hour days while as a manager you will be working closer to 10, not to mention bringing work home or working over the wkends which is the norm during peak periods. once you factor in all the extra work you do, your hourly rate is probably no better than a jc temp staff after a-levels.

i used to be from big 4, left and never looked back.

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