Q: Big4 - Yearly salary increment - Page 12 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Q: Big4 - Yearly salary increment

Reply
 
Thread Tools
  #111 (permalink)  
Old 17-05-2015, 04:21 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
What's your age and number of years of working experience?
38, 13.
Current salary 180k and was wondering if I'd be pricing myself out of the market by asking for a 20% increase.

Reply With Quote
  #112 (permalink)  
Old 17-05-2015, 04:30 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
38, 13.
Current salary 180k and was wondering if I'd be pricing myself out of the market by asking for a 20% increase.
Depends on whether there's push factor in your current role. If there aren't any major push factors, then 20% seems alright.

Reply With Quote
  #113 (permalink)  
Old 17-05-2015, 04:36 PM
Unregistered
Guest
 
Posts: n/a
Default

Do mgr in Deloitte need to bring in sales as part of their KPI?

Reply With Quote
  #114 (permalink)  
Old 18-05-2015, 05:03 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
38, 13.
Current salary 180k and was wondering if I'd be pricing myself out of the market by asking for a 20% increase.
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.
Reply With Quote
  #115 (permalink)  
Old 18-05-2015, 07:39 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
I'm a curious bystander. Does a partner in big 4 make only slightly more than 200k? I'm quite surprised by this.
Reply With Quote
  #116 (permalink)  
Old 18-05-2015, 07:59 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
He could be referring to seņior manager instead of manager. I think partners earn way more than 200k!
Reply With Quote

  #117 (permalink)  
Old 19-05-2015, 08:15 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
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.
Reply With Quote
  #118 (permalink)  
Old 19-05-2015, 11:25 AM
Unregistered
Guest
 
Posts: n/a
Default

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.
Reply With Quote
  #119 (permalink)  
Old 19-05-2015, 11:44 AM
Unregistered
Guest
 
Posts: n/a
Default

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.
Reply With Quote
  #120 (permalink)  
Old 19-05-2015, 01:41 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
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.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Yearly increment Button Income and Jobs 29 06-01-2018 09:43 PM
Annual Increment for Civil Service 2011 bswuming87 Income and Jobs 4 10-04-2011 10:19 PM
Annual Increment 1nch3r Income and Jobs 0 12-11-2010 12:36 AM
Can your Increment beat Inflation? Salary.sg Investments and Net Worth 9 24-04-2008 04:37 PM
Salary Increment to be 5.2% Salary.sg Income and Jobs 0 25-09-2007 01:55 PM

» 30 Recent Threads
Dates of employment indicate...
3 Replies, 840 Views
Singtel Management Associate... ( 1 2 3... Last Page)
115 Replies, 75,424 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,064 Replies, 471,240 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
158 Replies, 51,798 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
1,139 Replies, 196,521 Views
Constituency Manager (People... ( 1 2 3... Last Page)
812 Replies, 412,234 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
866 Replies, 694,785 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,860 Replies, 1,727,121 Views
Job search for returning...
0 Replies, 132 Views
Working at Changi Business Park
5 Replies, 294 Views
Whats your net worth ( 1 2 3... Last Page)
2,687 Replies, 750,305 Views
Schneider Electric - EGP (Grad... ( 1 2 3... Last Page)
36 Replies, 12,980 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
611 Replies, 307,544 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,369 Replies, 533,796 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,689 Replies, 479,238 Views
Met a girl from dating app
1 Replies, 272 Views
Shell TDP ( 1 2 3... Last Page)
146 Replies, 42,681 Views
Lawyer Salary ( 1 2 3... Last Page)
4,845 Replies, 2,073,226 Views
Gap year, Sabbatical
4 Replies, 275 Views
Compare civil service salary ( 1 2 3... Last Page)
8,916 Replies, 5,127,425 Views
UOB Management Associate Program ( 1 2 3... Last Page)
240 Replies, 149,180 Views
OCBC Young Bankers Programme ( 1 2 3... Last Page)
96 Replies, 70,422 Views
Career switches - job options and... ( 1 2)
12 Replies, 2,006 Views
What course should I undertake?
3 Replies, 2,084 Views
is it crazy to give up a 100k P.A... ( 1 2 3)
26 Replies, 20,888 Views
Career as Teacher ( 1 2 3... Last Page)
2,010 Replies, 1,361,987 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,007 Replies, 804,423 Views
SPF (Direct-Entry Inspector)
8 Replies, 900 Views
ST Electronics ( 1 2 3... Last Page)
371 Replies, 166,212 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:50 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2