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Q: Big4 - Yearly salary increment

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  #11991 (permalink)  
Old 14-11-2023, 08:22 PM
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Mostly go for file reviews of sig components,
Since when will send associates for these jobs

Haha
Overseas engagement are getting lesser and lesser year by year due to technology advancement where the engagement team can easily assess the file of the member firm.

Audit no longer attractive liao.

Last time still got chance to travel many place

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  #11992 (permalink)  
Old 14-11-2023, 08:35 PM
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Just curious, is it cus sinkies are shunning audit as a career, that’s why the quality of auditors are getting shittier. Based on personal experience, many sg managers that I have worked with are strong in terms of technical and management skills, no issues working with them. Now…the problem lies with those newly promoted jhk/jhb mgrs. Out of 5 I have encountered, 4 of them really leave me scratching my head with their atrocious English and bad planning and instructions. My secondary school student councilor nephew can lead even better than all of them combined. Worst of them, they seem to be living in their own bubble that they are god tier level since they climbed to manager level already. I hope they realize that audit is not rocket science and any dog or monkey can do. The only secret to climb up is to suck thumb and OT like a slave. Sometimes I don’t know should I laugh at them or feel sad for them.
It is a combination of several factors, the accountancy intake across university levels has decreased in general because accounting is no longer viewed as a good profession (boring, long hours, **** pay whatever), that itself has lowered the bar to get into accounting. And this is probably not limited to just SG, but worldwide. Which is why the quality across the board is just free falling. To fill the gaps even the Big4 is resorting to hiring from even the Tan Ah Gao LLP as well which has historically never happened.

Even with the bar lowered, if you are a fresh grad from NTU, and your intake got people from Tonkatsu Ramen univeristy as some of you have pointed out, and knowing that you are drawing the same salary, you will feel like your already diluted degree just got diluted even further. Therefore anybody worth their salt is bailing asap and those left behind are the true **** tier aside from the select few who really want to gun for partnership.

Even then, those with enough foresight will also bail because who the hell wants to be captain of a sinking ship.

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  #11993 (permalink)  
Old 14-11-2023, 10:15 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.
Nah, goldman ops starting salary is at 5k. Can confirm from various batchmates who started working there this year. 5.8k only if you include employer CPF because those who are not PR/Singaporeans get their employer CPF in cash so only they get 5.85k. Can confirm SCB mid/back office starts higher but heard that goldman increment is higher than other banks although not spectecular also. For reference, heard that 5% is considered bad there.

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  #11994 (permalink)  
Old 14-11-2023, 10:15 PM
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Just curious, is it cus sinkies are shunning audit as a career, that’s why the quality of auditors are getting shittier. Based on personal experience, many sg managers that I have worked with are strong in terms of technical and management skills, no issues working with them. Now…the problem lies with those newly promoted jhk/jhb mgrs. Out of 5 I have encountered, 4 of them really leave me scratching my head with their atrocious English and bad planning and instructions. My secondary school student councilor nephew can lead even better than all of them combined. Worst of them, they seem to be living in their own bubble that they are god tier level since they climbed to manager level already. I hope they realize that audit is not rocket science and any dog or monkey can do. The only secret to climb up is to suck thumb and OT like a slave. Sometimes I don’t know should I laugh at them or feel sad for them.
after covid the new batches have a big difference. All saw the coding boom and rather do IT. makes perfect sense, if i was still a student i'd do the same
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  #11995 (permalink)  
Old 14-11-2023, 10:17 PM
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Nah, goldman ops starting salary is at 5k. Can confirm from various batchmates who started working there this year. 5.8k only if you include employer CPF because those who are not PR/Singaporeans get their employer CPF in cash so only they get 5.85k. Can confirm SCB mid/back office starts higher but heard that goldman increment is higher than other banks although not spectecular also. For reference, heard that 5% is considered bad there.
goldman hours are pretty bad no? hear regular 9am-9pm every day at the minimum for back office
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  #11996 (permalink)  
Old 15-11-2023, 12:49 AM
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Mostly go for file reviews of sig components,
Since when will send associates for these jobs

Haha
Got but very cheapskate. need to share room one.

biz trip still need to share room with colleagues.
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  #11997 (permalink)  
Old 15-11-2023, 08:00 AM
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Im from ntu. And i agree that im as good as tokatsu uni. Please dont say me anymore it will make me angry i study so hard

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It is a combination of several factors, the accountancy intake across university levels has decreased in general because accounting is no longer viewed as a good profession (boring, long hours, **** pay whatever), that itself has lowered the bar to get into accounting. And this is probably not limited to just SG, but worldwide. Which is why the quality across the board is just free falling. To fill the gaps even the Big4 is resorting to hiring from even the Tan Ah Gao LLP as well which has historically never happened.

Even with the bar lowered, if you are a fresh grad from NTU, and your intake got people from Tonkatsu Ramen univeristy as some of you have pointed out, and knowing that you are drawing the same salary, you will feel like your already diluted degree just got diluted even further. Therefore anybody worth their salt is bailing asap and those left behind are the true **** tier aside from the select few who really want to gun for partnership.

Even then, those with enough foresight will also bail because who the hell wants to be captain of a sinking ship.
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  #11998 (permalink)  
Old 15-11-2023, 03:45 PM
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how bad must performance be to get PIP?
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  #11999 (permalink)  
Old 15-11-2023, 04:40 PM
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how bad must performance be to get PIP?
When the manager roll you off from the project you are working on
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  #12000 (permalink)  
Old 15-11-2023, 05:16 PM
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I will tell my son to join big 4 audit and aim to be a partner, and also avoid this thread filled with mediocre people who whines non stop
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