Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

is audit or a glc map better? assuming glc map in a finance function starts at 4.5k-5k, but I did an extended intern at one of the big four, so starting in audit as 2nd yr associate maybe around 4k?

If you can get MAP means you have 2nd upper above, audit quality is jhk/private uni standard

Originally Posted by Unregistered

Gonna see mass resignation in a few days time
Everyone including my managers are sending resumes out now and finding jobs so that they don't cluster **** during year end
Dont take SCA, waste of time and money, low uptake rate which leads to brand decay, just look at how desperate they try to encourage working adults to take up, you intend to stay in this dead profession? hello its 2023. get off your laptops and realize how much a missed out on life, still grinding?

I second this. yellow here. working my arse off as i type this at 4.32am
Most of my malaysian colleagues don't even have SCA and they doing fine

Originally Posted by Unregistered

If you can get MAP means you have 2nd upper above, audit quality is jhk/private uni standard

private uni speak better english than jhk
have you seen their english?

They can't differentiate come and go,
Can you go to me instead of can you come to me

balance sheet as at 31 Dec 2023, they write balance sheet in 31 Dec 2023

They pronunciation is another level. I cant

Originally Posted by Unregistered

I thought it is? progression for commercial roles aren't that guaranteed or fast... big 4's starting pay is low by increments are huge yoy

As I repeatedly tried to imply, “starting pay low, high increment YoY” is not a popular way of attracting people.

I recommend starting pay of 6k if you serious about pulling people in.

Is it normal to feel miserable and depressed after getting promoted to senior?

Originally Posted by Unregistered

As I repeatedly tried to imply, “starting pay low, high increment YoY” is not a popular way of attracting people.

I recommend starting pay of 6k if you serious about pulling people in.

Dont be dense.

Corporates can pay more because they have access to other sources of capital. That's why they can keep throwing money at staff.

Professional services entities like Big4 only have access to partners' equity. Unless they're listed entities like Accenture.

You talk about increasing starting pay to 6k, but that means you have to increase all senior ranks' pay significantly across the board too, and at very great expense. Not doing so will result in "salary bunching", which will cause the more experienced staff to kpkb that fresh grads are out-earning them and start to mass quit.

Increasing staff pay across the board means hitting the partners' annual comp. Audit services cannot easily grow the top line. Unlike companies that can scale quickly and even go into deficit for rapid short term growth - see Grab, SEA etc.

Since partners are the owners in Big4, there's no incentive to account to other stakeholders except the partners. Since there's no such thing as shareholders, investors.

As long as the partners can maintain the same level of annual takehome comp, they're more than happy to continue the status quo. There's no incentive to change how things are done, when they can easily just hire more cheap jhks to replace expensive & demanding sinkies.

Originally Posted by Unregistered

Is it normal to feel miserable and depressed after getting promoted to senior?

Yes, because you become the person who dies when issues pop up

your life will depend on your juniors who are genz and out of your control - you may end up doing work for them if they are lazy dont ot or just not competent not willing to learn

you can do everything for them and risk getting burn out
or
you can dont do everything for them and throw them under the bus and risk getting gossiped as bad senior
either way u are dead

you will have to suck up to your managers more cos issues will pop up left and right and you dont know what u do not know

Originally Posted by Unregistered

Yes, because you become the person who dies when issues pop up

your life will depend on your juniors who are genz and out of your control - you may end up doing work for them if they are lazy dont ot or just not competent not willing to learn

you can do everything for them and risk getting burn out
or
you can dont do everything for them and throw them under the bus and risk getting gossiped as bad senior
either way u are dead

you will have to suck up to your managers more cos issues will pop up left and right and you dont know what u do not know

My seniors did everything for me.

Now I’m the senior but don’t feel like doing that for the next batch.

Originally Posted by Unregistered

Dont be dense.

Corporates can pay more because they have access to other sources of capital. That's why they can keep throwing money at staff.

Professional services entities like Big4 only have access to partners' equity. Unless they're listed entities like Accenture.

You talk about increasing starting pay to 6k, but that means you have to increase all senior ranks' pay significantly across the board too, and at very great expense. Not doing so will result in "salary bunching", which will cause the more experienced staff to kpkb that fresh grads are out-earning them and start to mass quit.

Increasing staff pay across the board means hitting the partners' annual comp. Audit services cannot easily grow the top line. Unlike companies that can scale quickly and even go into deficit for rapid short term growth - see Grab, SEA etc.

Since partners are the owners in Big4, there's no incentive to account to other stakeholders except the partners. Since there's no such thing as shareholders, investors.

As long as the partners can maintain the same level of annual takehome comp, they're more than happy to continue the status quo. There's no incentive to change how things are done, when they can easily just hire more cheap jhks to replace expensive & demanding sinkies.

Wall of text baby, ain’t no one gonna read all that.

But if you not willing to pay, then you don’t get the top talents. Simple as that.

Hosehbo, last year all the Ms in my department quit, now all the AMs quit. HAHA gonna bomb all the project alr.