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Q: Big4 - Yearly salary increment

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  #11961 (permalink)  
Old 10-11-2023, 11:09 PM
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wa bank ops 4+ years can earn more than 7k?
Goldman Sachs ops starts at 5.5k for the analyst role. Most would spent around 2-3 years as an analyst before becoming an associate. 7k for a back office associate role sounds about right for Goldman. But keep in mind that Goldman Sachs works everyone to the bone, regardless of which unit you're in. So 60-70 hour work weeks are common. If you're expecting hours that are significant better than audit hours, then you are most likely mistaken.

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  #11962 (permalink)  
Old 11-11-2023, 10:26 AM
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How does internal progression in audit compare to progression in commercial roles (not those accounting AP AR roles)? Is it that easy to job hop and earn greater increments in commercial roles?

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  #11963 (permalink)  
Old 11-11-2023, 11:25 AM
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Goldman Sachs ops starts at 5.5k for the analyst role. Most would spent around 2-3 years as an analyst before becoming an associate. 7k for a back office associate role sounds about right for Goldman. But keep in mind that Goldman Sachs works everyone to the bone, regardless of which unit you're in. So 60-70 hour work weeks are common. If you're expecting hours that are significant better than audit hours, then you are most likely mistaken.
Goldman ops pay is close to 6k now. Last I heard from a friend was 5.8++. Even SCB mid/back office starts at ~5.5k.

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  #11964 (permalink)  
Old 11-11-2023, 12:09 PM
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Goldman ops pay is close to 6k now. Last I heard from a friend was 5.8++. Even SCB mid/back office starts at ~5.5k.
do the working hours also increase to 80h per week?
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  #11965 (permalink)  
Old 11-11-2023, 12:30 PM
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How much starting pay for poly?
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  #11966 (permalink)  
Old 11-11-2023, 02:59 PM
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soon to be fresh grad here, to those who grinded a few yrs in big4 n left, did ur big4 exp bring value to ur commercial roles? was it easy jumping into commercial as finance analyst/treasury type of roles?
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  #11967 (permalink)  
Old 11-11-2023, 03:56 PM
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soon to be fresh grad here, to those who grinded a few yrs in big4 n left, did ur big4 exp bring value to ur commercial roles? was it easy jumping into commercial as finance analyst/treasury type of roles?
Yes it brought value.

No it’s not worthwhile. It feels like a “time skip” in my life and you find yourself as a 30 years old boomer who didn’t get to enjoy 20s properly.


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  #11968 (permalink)  
Old 11-11-2023, 09:18 PM
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Yes it brought value.

No it’s not worthwhile. It feels like a “time skip” in my life and you find yourself as a 30 years old boomer who didn’t get to enjoy 20s properly.
what role did you jump into and what value did it bring? looking to jump out too
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  #11969 (permalink)  
Old 12-11-2023, 12:39 AM
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Hi guys, I was an ex audit senior that left for a commercial accounting role. I strongly suggest that if you guys care about the prestige and money just stay put in big 4 and grind through the corporate ladder. You will be handsomely rewarded.

Your audit managers and partners are right, once you go commercial you will be ‘stuck’ and ‘pigeonholed’ in a back office and cost centre roles with very limited progression and measly 3% increment every year. One could be stuck as senior accountant for 5 to 10 or even donkey years who knows. But in audit, you are guaranteed career progression to at least SM level and if you defy all odds and stay on to persevere you will become equity partner one day unless you screwed up. Sky is the limit when you hit equity partner and you will command great respect from ppl around you, unlike commercial roles where you will always be viewed as a back office cost centre (these kind of employees most commercial firms are trying hard to replace u to cut cost). In audit, you are technically a front office/client facing role bringing in the revenue for the firms and hence your career is an iron rice bowl in audit.
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  #11970 (permalink)  
Old 12-11-2023, 10:26 AM
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hihi, but what if u job hop every yr/every two yrs in a commercial role (fp&a etc), is the progression comparable to big four?
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