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Q: Big4 - Yearly salary increment

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  #11501 (permalink)  
Old 11-09-2023, 10:47 PM
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Can yall all stop detracting. This is a salary forum and we cant even get the accurate salary for each rank out...
kinda sad few years ago info was all accurate, now we only have blue info. dont even know other firm pay and bonus lol

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  #11502 (permalink)  
Old 12-09-2023, 08:01 AM
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kinda sad few years ago info was all accurate, now we only have blue info. dont even know other firm pay and bonus lol
Because few years ago my batch of friends all in Big4

Now all left already, so only have outdated info

My time A1 pay 2850, manager 6000, senior manager 8000.

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  #11503 (permalink)  
Old 12-09-2023, 09:20 AM
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U nailed it exactly.

That guy who keeps writing those long essays upselling accounting has just drunk the Kool Aid. Don't really blame him because he has a vested interest in trying to defend the "honor" and "prestige" of his chosen path.

But his attempts to draw extra fine distinctions between IA, fp&a, external audit, treasury etc etc are all merely hair splitting.

Weekend he goes to his wife's house eat dinner with in-laws and try to explain to them that he works in fp&a, very important role, very intellectual role bla bla bla. To his father-in-law, accountant jiu shi accountant. plain and simple. lol.

At the end of the day, accountant = accountant. That's what the public sees. And more importantly, that's what the market pays.

If you're good, you will rise to be a CFO and rake in the $$. Don't need to talk/write so much rubbish long essays to preach to the choir.

In the meantime, get in line and join the army of ex-Big4 audit alumni vying for 1 of the better paying roles out there. No good? Then settle for a mediocre-paying accounting-related role like the vast majority of accounting-trained people. LOL
Yah honestly the barriers to entry isnít high. Really, how many audit folks actually jump into investments and corporate banking?

Itís really fp&a, reporting on cash flow, treasury management, group conso - and in smaller companies, this is a single all-in-one function.

Yes we donít do the book keeping ourselves; the AP/AR does it, but we still check.
At the end of the day, itís just hoping to make it past finance manager, into controller and praying one day to be CFO.

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  #11504 (permalink)  
Old 12-09-2023, 02:18 PM
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Yah honestly the barriers to entry isnít high. Really, how many audit folks actually jump into investments and corporate banking?

Itís really fp&a, reporting on cash flow, treasury management, group conso - and in smaller companies, this is a single all-in-one function.

Yes we donít do the book keeping ourselves; the AP/AR does it, but we still check.
At the end of the day, itís just hoping to make it past finance manager, into controller and praying one day to be CFO.
very good point. a lot of fp&a roles are just regular accountant roles plus some "adhoc analysis". lots of bosses say they call it fp&a instead of accounting is because people think it's sexier, but the pay is still 3k-5k. that's why lots of accounting/AP/AR roles are "finance analyst" now

i wish our accounting field wasn't this badly paid, accountants in US seems to be making sky high amounts
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  #11505 (permalink)  
Old 12-09-2023, 06:17 PM
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very good point. a lot of fp&a roles are just regular accountant roles plus some "adhoc analysis". lots of bosses say they call it fp&a instead of accounting is because people think it's sexier, but the pay is still 3k-5k. that's why lots of accounting/AP/AR roles are "finance analyst" now

i wish our accounting field wasn't this badly paid, accountants in US seems to be making sky high amounts
US CPA not easy to pass
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  #11506 (permalink)  
Old 12-09-2023, 11:24 PM
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Yah honestly the barriers to entry isnít high. Really, how many audit folks actually jump into investments and corporate banking?

Itís really fp&a, reporting on cash flow, treasury management, group conso - and in smaller companies, this is a single all-in-one function.

Yes we donít do the book keeping ourselves; the AP/AR does it, but we still check.
At the end of the day, itís just hoping to make it past finance manager, into controller and praying one day to be CFO.
thats why ppl say stay longer in b4 so that when u exit u r the controller....
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  #11507 (permalink)  
Old 12-09-2023, 11:26 PM
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Yah honestly the barriers to entry isnít high. Really, how many audit folks actually jump into investments and corporate banking?

Itís really fp&a, reporting on cash flow, treasury management, group conso - and in smaller companies, this is a single all-in-one function.

Yes we donít do the book keeping ourselves; the AP/AR does it, but we still check.
At the end of the day, itís just hoping to make it past finance manager, into controller and praying one day to be CFO.
honestly audit jump to banking v common, smelly smelly also become VP 10+k after hit senior manager
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  #11508 (permalink)  
Old 13-09-2023, 12:09 AM
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honestly audit jump to banking v common, smelly smelly also become VP 10+k after hit senior manager
I have never seen this lol, are you talking about yourself or hearsay?
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  #11509 (permalink)  
Old 13-09-2023, 07:25 AM
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A couple of years in SM and you already hit the 10k range

No one is complaining about SM salary lah. My SM seem perfectly happy where they are.

We are talking about the ROAD TO GET THERE.

So many of my friends Senior associate already tak boleh tahan, still want talk about senior manager?
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  #11510 (permalink)  
Old 13-09-2023, 12:05 PM
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A couple of years in SM and you already hit the 10k range

No one is complaining about SM salary lah. My SM seem perfectly happy where they are.

We are talking about the ROAD TO GET THERE.

So many of my friends Senior associate already tak boleh tahan, still want talk about senior manager?
then maybe you need to realize that the road to get there is never easy for anyone
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