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03-04-2023, 01:40 PM
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Does Big 4 consulting have a lot of politics?
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03-04-2023, 02:05 PM
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i am a big4 partner. i am so successful in life.
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04-04-2023, 09:25 PM
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EY mobile allowance
Hi all,
Does EY provide mobile allowance?
Thank you.
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04-04-2023, 10:14 PM
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Quote:
Originally Posted by Unregistered
i am a big4 partner. i am so successful in life.
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How are equity sg partners paid ?
Monthly or how
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04-04-2023, 10:39 PM
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Quote:
Originally Posted by Unregistered
How are equity sg partners paid ?
Monthly or how
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You buy in at an extortionate amount for your fixed share of equity. No capital? Firm offers you a loan to fund your buy-in and you hope you generate enough annually to pay off the loan + interest and hv some leftover for yourself n to contribute your own cpf. Oh and pay income tax.
Every month u draw a measly sum of the firm's anticipated profits based on your fixed share.
Slog for a few years and your share will gradually increase, and you upgrade from drawing a measly sum to a not so measly sum.
Slog for a few more years n u might just be entitled to a bonus drawing on top of your usual drawing as an equity partner, if u are a rainmaker.
sounds good?
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05-04-2023, 10:07 AM
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Quote:
Originally Posted by Unregistered
You buy in at an extortionate amount for your fixed share of equity. No capital? Firm offers you a loan to fund your buy-in and you hope you generate enough annually to pay off the loan + interest and hv some leftover for yourself n to contribute your own cpf. Oh and pay income tax.
Every month u draw a measly sum of the firm's anticipated profits based on your fixed share.
Slog for a few years and your share will gradually increase, and you upgrade from drawing a measly sum to a not so measly sum.
Slog for a few more years n u might just be entitled to a bonus drawing on top of your usual drawing as an equity partner, if u are a rainmaker.
sounds good? |
Very good!!!! Bestest deal in sg
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05-04-2023, 11:06 AM
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Closing office for Christmas and New year
Hello, does EY close office on Christmas eve till new year?
i.e. Employees get free leaves?
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05-04-2023, 11:49 AM
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Quote:
Originally Posted by Unregistered
Hello, does EY close office on Christmas eve till new year?
i.e. Employees get free leaves?
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Yes free leave but still have to complete work on time.
By the way, how's the job market now
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06-04-2023, 08:16 PM
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Back in my day… 90% of accountancy graduates started out in big 4… 90% gave up halfway and went to industry as APAR / Fund / Financial Accountants but the remaining 10% who were mentally strong to persevere became partners. Most of the partners I know are currently making serious money here (average 400-600k all in per annum). Those who left earlier only making around 200k per annum. Difference in pay is 2-3x more…
Stay woke salaryman, be a business owner rather than an employee…
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06-04-2023, 08:25 PM
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Quote:
Originally Posted by Unregistered
Back in my day… 90% of accountancy graduates started out in big 4… 90% gave up halfway and went to industry as APAR / Fund / Financial Accountants but the remaining 10% who were mentally strong to persevere became partners. Most of the partners I know are currently making serious money here (average 400-600k all in per annum). Those who left earlier only making around 200k per annum. Difference in pay is 2-3x more…
Stay woke salaryman, be a business owner rather than an employee…
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Are you sure all the remaining 10% have become partners?
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