Unregistered |
10-11-2023 06:05 PM |
Quote:
Originally Posted by Unregistered
(Post 260141)
Are you actually dumb? Genuine concern.
Most of the people I knew who worked in Big 4 were there for the name but these days no one one cares if you are from Big 4 because there’s virtually no branding if you every TDH on the street is in Big 4. I know of someone in consulting as manager earning 7k/month with 4+ years of exp. Even someone doing bank ops at a foreign bank earns more than that working 35% less (in terms of hours). The grind is simply not worth it. If you are in Big 4, it means you are not good enough to earn the avg fresh grad salary 4.5k++ at least for local uni biz heads. That’s just the reality, as harsh as it sounds.
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Exactly, if you're a local/PR, why settle for audit? The only locals I recommend doing audit these days are those who really want to migrate overseas since you can migrate to most countries as an auditor (even Switzerland Sweden all those) and also foreigners who want to get a PR (but even then, they should run from the firm the moment they get it). MAS gave us such a good protectionism with the higher foreigner/local (not even PR) ratio requirements at banks so I don't know why people would take audit over a bank job.
For consulting, you can't really break manager in consulting in 4 years though and the working hours is dogshit, worse than audit tbh. Money is definitely good but mainly limited to consulting firms. In SG consulting exits generally earn close to bank/regional finance managers anyway, which you can reach without killing yourself on the way there. Only difficulty about bank ops is finding the right niche to break into tbh.
Anyway the accounting pie is getting smaller these days so even accounting managers without CA/Big 4 are squeezing out ex-auditors so that they don't lose their pie especially with all the layoffs in accounting depts lol. I can't fathom why anyone would do accounting anymore, you don't even have job security, hours and pay so **** too. It's not like the 2000s or even 2010s anymore
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