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Q: Big4 - Yearly salary increment

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  #11631 (permalink)  
Old 23-09-2023, 10:38 PM
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Yes, its a major disrespect to put ppl on PIP. Once PIP-ed mean condemn case liao.

You should know how you performed through your interaction with managers during the project and not wait till year end review
most cases of PIP people i see are perfectly justified though. **** quality work and skiving through the year. would have been insane for them to promote.

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  #11632 (permalink)  
Old 24-09-2023, 01:11 PM
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My friendís bf didnít get promoted. But she told me it was justifiable. His particular audit practice is tougher than most. Any idea which one is this?? Financial industry audit is it?
say no headcount or manager dont like you or client **** so cannot wrap up job in time i believe, but tough??? guy better pray he was applying to jobs while he was coasting

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  #11633 (permalink)  
Old 24-09-2023, 02:14 PM
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Donít mind me asking this- but when can an accounting trained person afford a condo?

Everyone is BTO-ing is it? My friends in banks and law seem to be able to afford earlier
tbvh, its not hard.

Salary Monthly Annual 50% Savings Rate
Total Cash Total OA Cash OA Cum Cash Cum OA
24 A1 3600 2880 828 34560 9936 17280 9936
25 A2 3800 3040 874 36480 10488 35520 20424
26 S1 4800 3840 1104 46080 13248 58560 33672
27 S2 5600 4480 1288 53760 15456 85440 49128
28 S3 6300 5040 1449 60480 17388 115680 66516
29 M1 7200 5760 1656 69120 19872 150240 86388
30 M2 7800 6240 1794 74880 21528 187680 107916
31 M3 8600 7000 1840 84000 22080 229680 129996

Total Cash (2pax) 459360
Total OA (2pax) 259992

Monthly Income 17200
Max Monthly Payment (55%) 9460
Max Loan (25 Years, 4% Interest) $1,792,220

Maximum House Value $2,511,572

Guy 31, Girl 29 assuming same batch by M3 can buy a 2.5m house assuming they save 50% every month. Bonus is excluded from calc to cover tax and other expense. If you jump out of Big4, pay bump again to 10k+ even more comfy.

But ofc, this is assuming u dont have other special expenses/loans. We are talking about a couple with no other obligations just working towards buying as house.



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  #11634 (permalink)  
Old 24-09-2023, 02:16 PM
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tbvh, its not hard.

Salary Monthly Annual 50% Savings Rate
Total Cash Total OA Cash OA Cum Cash Cum OA
24 A1 3600 2880 828 34560 9936 17280 9936
25 A2 3800 3040 874 36480 10488 35520 20424
26 S1 4800 3840 1104 46080 13248 58560 33672
27 S2 5600 4480 1288 53760 15456 85440 49128
28 S3 6300 5040 1449 60480 17388 115680 66516
29 M1 7200 5760 1656 69120 19872 150240 86388
30 M2 7800 6240 1794 74880 21528 187680 107916
31 M3 8600 7000 1840 84000 22080 229680 129996

Total Cash (2pax) 459360
Total OA (2pax) 259992

Monthly Income 17200
Max Monthly Payment (55%) 9460
Max Loan (25 Years, 4% Interest) $1,792,220

Maximum House Value $2,511,572

Guy 31, Girl 29 assuming same batch by M3 can buy a 2.5m house assuming they save 50% every month. Bonus is excluded from calc to cover tax and other expense. If you jump out of Big4, pay bump again to 10k+ even more comfy.

But ofc, this is assuming u dont have other special expenses/loans. We are talking about a couple with no other obligations just working towards buying as house.
If you push your budget down abit, by M1 you can actually already afford a condo. 1.9 can get you a pretty good 3BR in a less central region.

Salary Monthly Annual 50% Savings Rate
Total Cash Total OA Cash OA Cum Cash Cum OA
24 A1 3600 2880 828 34560 9936 17280 9936
25 A2 3800 3040 874 36480 10488 35520 20424
26 S1 4800 3840 1104 46080 13248 58560 33672
27 S2 5600 4480 1288 53760 15456 85440 49128
28 S3 6300 5040 1449 60480 17388 115680 66516
29 M1 7200 5760 1656 69120 19872 150240 86388



Total Cash 300480
Total OA 172776

Monthly Income 14400
Max Monthly Payment (55%) 7920
Max Loan (25 Years, 4% Interest) $1,500,464

Maximum House Value $1,973,720
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  #11635 (permalink)  
Old 24-09-2023, 03:14 PM
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say no headcount or manager dont like you or client **** so cannot wrap up job in time i believe, but tough??? guy better pray he was applying to jobs while he was coasting
Tough not as in physical or mentally difficult

Tough as in taxing, long hours, a lot to do.
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  #11636 (permalink)  
Old 24-09-2023, 04:00 PM
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If you push your budget down abit, by M1 you can actually already afford a condo. 1.9 can get you a pretty good 3BR in a less central region.

Salary Monthly Annual 50% Savings Rate
Total Cash Total OA Cash OA Cum Cash Cum OA
24 A1 3600 2880 828 34560 9936 17280 9936
25 A2 3800 3040 874 36480 10488 35520 20424
26 S1 4800 3840 1104 46080 13248 58560 33672
27 S2 5600 4480 1288 53760 15456 85440 49128
28 S3 6300 5040 1449 60480 17388 115680 66516
29 M1 7200 5760 1656 69120 19872 150240 86388



Total Cash 300480
Total OA 172776

Monthly Income 14400
Max Monthly Payment (55%) 7920
Max Loan (25 Years, 4% Interest) $1,500,464

Maximum House Value $1,973,720
I'm sure there are many out there stretching their limits. Would be fun to see how this works out during a downturn
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  #11637 (permalink)  
Old 24-09-2023, 07:58 PM
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anyone know if any of the big 4 started interview for 2024 graduate for advisory/deals?
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  #11638 (permalink)  
Old 25-09-2023, 09:03 AM
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Does anyone know what the salary range for A2 and S1 in EY tech consulting is?
Just know that itís not enough to make people happy
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  #11639 (permalink)  
Old 25-09-2023, 09:33 AM
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Just know that itís not enough to make people happy
it's a salary forum, why not just share the figures. the paygrade is standard anyway, no chance of outing your identity
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  #11640 (permalink)  
Old 25-09-2023, 12:52 PM
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it's a salary forum, why not just share the figures. the paygrade is standard anyway, no chance of outing your identity
It doesnít benefit me to share.

And I still have to endure negative remarks targeting me as though Iím the one who came up with it.
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