Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

i'm a senior so iykyk

learning audit software was a real pain anyway so i dont think learning fpna software will be any different. part of the job.

In audit firm, you have proper material/guidance/ methodology from development team to assist you to use/learn every big firm audit software.

You hardly will find great which will help to use those software. In audit, you only use 1 audit software.

In an established corp co, you will be using few different software at 1 go.

If you are senior now, my tip is stay and build network with client and partners, when time comes, hope over to client, that will be the best transition to commercial.

Well just my two cent, who made the switch to fbp from audit.

Originally Posted by Unregistered

Your audit partner is siaolang. Work 11.5 hours. Only kumgong will follow him and work for so many hours.

If you are so particular on work hour, you are not suit for audit.

Myself, will start the day by checking email at 7am., and still checking emails after knock off.

Originally Posted by Unregistered

but still got FCH ppl join audit leh

FCH or nt, audit will give you experience/knowledge which are not on textbook.

On crucial/ critical time, you will need to think out of the box/ find alternatives,

To do great in audit, you need to he humble and learn from the laojiao partners/SM

Originally Posted by Unregistered

Audit is a late game career.

Like PA in dota.

Correct, but yet many give up early in the game, which really defeats the purpose of choosing this in the first place.

Originally Posted by Unregistered

FCH or nt, audit will give you experience/knowledge which are not on textbook.

On crucial/ critical time, you will need to think out of the box/ find alternatives,

To do great in audit, you need to he humble and learn from the laojiao partners/SM

tbh there's other roles that can do the same with better payoff (better wlb or better pay). but for people who finds exams difficult, audit is a good enough path as there's tons of headcount so they aren't fussy. (they're even taking non-accounting grads these days!)

If you're smart and resourceful, audit would be a waste. I've jumped elsewhere and found the work to be more fulfilling, better pay, and helped more in my skill and personal growth. Barely 1 year in, I already had to present to CEO and CFO directly and work on the problem from scratch and use tons of critical thinking. In audit, you always have to refer to some standards, whether it is software, audit, or accounting and the critical thinking is often just "how to cover this lobang".

Originally Posted by Unregistered

tbh there's other roles that can do the same with better payoff (better wlb or better pay). but for people who finds exams difficult, audit is a good enough path as there's tons of headcount so they aren't fussy. (they're even taking non-accounting grads these days!)

If you're smart and resourceful, audit would be a waste. I've jumped elsewhere and found the work to be more fulfilling, better pay, and helped more in my skill and personal growth. Barely 1 year in, I already had to present to CEO and CFO directly and work on the problem from scratch and use tons of critical thinking. In audit, you always have to refer to some standards, whether it is software, audit, or accounting and the critical thinking is often just "how to cover this lobang".

how does the progression compare to audit?

Originally Posted by Unregistered

how does the progression compare to audit?

Progression as in salary or rank? I would say 20%-40% higher than audit at every rank/YOE. 20% doesn't sound a lot to many but at the wlb/learning you get I think it's perfectly worth it. I don't have to open work laptop after dinner 98% of the time. SG tax is low anyway so money is money.

If you want a title bump, minimum 2 years - 5 years usually but most people just jump ship to get it. My peers who jumped every ~2 years are generally doing much better than those who stayed. You get access to better roles when you have actual industry experience compared to when you are an auditor.

Promotion every 2 years is not something limited to audit despite what the dinosaur partners want you to believe. Maybe 20 years ago during our parents' time but not anymore.

Originally Posted by Unregistered

tbh there's other roles that can do the same with better payoff (better wlb or better pay). but for people who finds exams difficult, audit is a good enough path as there's tons of headcount so they aren't fussy. (they're even taking non-accounting grads these days!)

If you're smart and resourceful, audit would be a waste. I've jumped elsewhere and found the work to be more fulfilling, better pay, and helped more in my skill and personal growth. Barely 1 year in, I already had to present to CEO and CFO directly and work on the problem from scratch and use tons of critical thinking. In audit, you always have to refer to some standards, whether it is software, audit, or accounting and the critical thinking is often just "how to cover this lobang".

Audit is decent for average joe who want to earn decent life
Audit is for ppl who passionate to be practitioner.
If you are elite, super elite then audit nt for you.

Audit is for someone who want a safer/predictable career.

You will Hit SM in 10 years with guarantee, if u put in effort.
Other commercial sometime require luck, but i had seen a lot progress faster than if he is in audit.

In short: audit is stable. Decent and iron rice bowl job

Originally Posted by Unregistered

tbh there's other roles that can do the same with better payoff (better wlb or better pay). but for people who finds exams difficult, audit is a good enough path as there's tons of headcount so they aren't fussy. (they're even taking non-accounting grads these days!)

If you're smart and resourceful, audit would be a waste. I've jumped elsewhere and found the work to be more fulfilling, better pay, and helped more in my skill and personal growth. Barely 1 year in, I already had to present to CEO and CFO directly and work on the problem from scratch and use tons of critical thinking. In audit, you always have to refer to some standards, whether it is software, audit, or accounting and the critical thinking is often just "how to cover this lobang".

Of course there is , but there is always uncertainty on payrise/ progression in outside conmercial world.

If you are confident you are elite, then you wont waste time in audit. , i had seen a lot cfo who dont even have/ minimal audit experience.

Audit is for someone who is average joe. Want decent and predictable career ( meaning, u know u sure can hit exceed 100k at 7/8th year in audit.

Audit is for someone who passionate to be practitioner
Audit is for someone who want stable . Decent and iron rice bowl

If you read alot AR, you will notice there are CFO who didnt start their career with audit.

In commercial world. U can only have one cfo at a listed co, but you can have more than one partner in audit firm.

I have seen a cfo at 39 who dont have big4 exp , but drawing $30k sgd with 3mil sgd bonus.) even more than some of SGX blue chip cfo remuneration)

Originally Posted by Unregistered

Progression as in salary or rank? I would say 20%-40% higher than audit at every rank/YOE. 20% doesn't sound a lot to many but at the wlb/learning you get I think it's perfectly worth it. I don't have to open work laptop after dinner 98% of the time. SG tax is low anyway so money is money.

If you want a title bump, minimum 2 years - 5 years usually but most people just jump ship to get it. My peers who jumped every ~2 years are generally doing much better than those who stayed. You get access to better roles when you have actual industry experience compared to when you are an auditor.

Promotion every 2 years is not something limited to audit despite what the dinosaur partners want you to believe. Maybe 20 years ago during our parents' time but not anymore.

I am still grateful that i have hit more than 100k PA at 8th year mark.
After jump out to commercial, guess it will be depends on luck to break 10k per month mark.

You might disagree. my 2cent , Audit still remain one of the safest route to hit 100K PA.