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17-05-2015, 03:21 PM
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Quote:
Originally Posted by Unregistered
What's your age and number of years of working experience?
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38, 13.
Current salary 180k and was wondering if I'd be pricing myself out of the market by asking for a 20% increase.
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17-05-2015, 03:30 PM
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Quote:
Originally Posted by Unregistered
38, 13.
Current salary 180k and was wondering if I'd be pricing myself out of the market by asking for a 20% increase.
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Depends on whether there's push factor in your current role. If there aren't any major push factors, then 20% seems alright.
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17-05-2015, 03:36 PM
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Do mgr in Deloitte need to bring in sales as part of their KPI?
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18-05-2015, 06:59 PM
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Quote:
Originally Posted by Unregistered
Ha Ha Ha. Is this a joke? You want 180k + 20% for a manager position in big 4? This is the big 4 thread which refers to PWC, KPMG, Deloitte, EY. First year manager only earns 6k/month, fourth year manager should be around 8k+. Your 180k + 20% is already partner level salary.
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He could be referring to seņior manager instead of manager. I think partners earn way more than 200k!
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19-05-2015, 07:15 AM
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Quote:
Originally Posted by Unregistered
Ha Ha Ha. Is this a joke? You want 180k + 20% for a manager position in big 4? This is the big 4 thread which refers to PWC, KPMG, Deloitte, EY. First year manager only earns 6k/month, fourth year manager should be around 8k+. Your 180k + 20% is already partner level salary.
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The big 4 isn't created equal. If you're in Deloitte S&O the payscale is completely different. It takes a way longer time to make manager in S&O than the other departments in the big 4.
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19-05-2015, 10:25 AM
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Many people here seem to think that you basically reach partner and that's it.
No! Generally there are 5-8 levels of partners across the big 4 and the pay differs widely. If you are at the entry level partner level 200-250k all-in is quite common.
The very senior ones will of course hit above 1 mil, but those tend to be executive level, I don't think there is any local executive in any of the big 4 based in SG now, a couple of caucasian expats at most.
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19-05-2015, 10:44 AM
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I notice those who are outisde of the industry always think big 4 is very highly paid, prestigious to work for, partners make big bucks etc. But this is just a myth actually.
If you compare like for like big 4 pay is actually quite low, more comparable to a local blue chip company / GLC then a global top 100 MNC. Many layman also equate big 4 as equal to high finance, this cannot be further from the truth. If you compare an entry level partner pay with similar entry level MD pay in a global bank, the latter earns at least 2x the amount.
When I was a Director for KPMG, many people expressed shock when I chose to move to a German MNC as a finance manager thinking I got a big pay cut. They were even more shocked when I told them I got a 15% increment by joining them.
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19-05-2015, 12:41 PM
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Quote:
Originally Posted by Unregistered
Many people here seem to think that you basically reach partner and that's it.
No! Generally there are 5-8 levels of partners across the big 4 and the pay differs widely. If you are at the entry level partner level 200-250k all-in is quite common.
The very senior ones will of course hit above 1 mil, but those tend to be executive level, I don't think there is any local executive in any of the big 4 based in SG now, a couple of caucasian expats at most.
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This guy is correct. Entry level partner is nothing more than a highly paid employee. He may be earning 20k/month only. As you get more senior and take on roles such as head of department, you join the profit sharing scheme where your salary really grows.
FYI I was not referring to senior manager which makes on average 10k/month only. The payscale is as such:
Associate 3k
Senior Associate 4k
Managers 5-8k
Senior Managers 9-11k
Directors 12-16k
Partners 20k and above
The previous poster who used to be director in KPMG can probably agree that my figures are roughly there. There is slight variation between big 4s and departments but the rough idea is there.
Don't be fooled by the "partner" tag... there are many more internal levels for them to climb. But once you make partner you're 99% assured of a job all the way until retirement. It's up to you whether you retire with a 20-30k salary or a 50-100k salary.
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