Q: Big4 - Yearly salary increment - Page 1219 - 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
  #12181 (permalink)  
Old 23-11-2023, 11:51 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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

Reply With Quote
  #12182 (permalink)  
Old 24-11-2023, 04:34 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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

Reply With Quote
  #12183 (permalink)  
Old 24-11-2023, 04:39 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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

Reply With Quote
  #12184 (permalink)  
Old 24-11-2023, 07:39 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #12185 (permalink)  
Old 24-11-2023, 08:55 AM
Unregistered
Guest
 
Posts: n/a
Default

Is it normal to feel miserable and depressed after getting promoted to senior?
Reply With Quote
  #12186 (permalink)  
Old 24-11-2023, 09:07 AM
Unregistered
Guest
 
Posts: n/a
Default

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

  #12187 (permalink)  
Old 24-11-2023, 10:24 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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
Reply With Quote
  #12188 (permalink)  
Old 24-11-2023, 11:01 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Reply With Quote
  #12189 (permalink)  
Old 24-11-2023, 11:02 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Reply With Quote
  #12190 (permalink)  
Old 24-11-2023, 12:08 PM
Unregistered
Guest
 
Posts: n/a
Default

Hosehbo, last year all the Ms in my department quit, now all the AMs quit. HAHA gonna bomb all the project alr.
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
Salary Increment to be 5.2% Salary.sg Income and Jobs 1 25-09-2021 07:24 PM
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 09:19 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 03:37 PM

» 30 Recent Threads
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
17,923 Replies, 5,434,703 Views
Lawyer Salary ( 1 2 3... Last Page)
21,385 Replies, 10,769,842 Views
Career as Teacher ( 1 2 3... Last Page)
11,652 Replies, 7,116,013 Views
INL Agency? Brand Communication...
4 Replies, 423 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
927 Replies, 444,963 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,461 Replies, 4,962,542 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
826 Replies, 472,872 Views
ITE (lecturer) ( 1 2 3... Last Page)
282 Replies, 405,757 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,333 Replies, 3,953,874 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,940 Replies, 2,985,884 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,351 Replies, 694,523 Views
Job Application with MOE... ( 1 2 3... Last Page)
498 Replies, 664,964 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,632 Replies, 1,465,060 Views
Compare civil service salary ( 1 2 3... Last Page)
16,495 Replies, 12,875,667 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
2,249 Replies, 1,156,651 Views
Election Department job application ( 1 2)
10 Replies, 4,355 Views
ST Electronics ( 1 2 3... Last Page)
3,916 Replies, 1,653,275 Views
Management Consultant MBB Big4 etc... ( 1 2 3... Last Page)
272 Replies, 203,796 Views
Whats your net worth ( 1 2 3... Last Page)
2,963 Replies, 1,423,327 Views
DBS Bank career advancement,... ( 1 2 3... Last Page)
137 Replies, 310,792 Views
PMO (Prime Minister's Office... ( 1 2)
17 Replies, 7,606 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
6,038 Replies, 4,881,010 Views
GovTech ( 1 2 3... Last Page)
6,579 Replies, 2,556,194 Views
Civil Servant Bonus Mid-2023 ( 1 2 3... Last Page)
198 Replies, 184,911 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,533 Replies, 3,605,746 Views
Roles in accenture singapore ( 1 2 3... Last Page)
8,083 Replies, 2,543,797 Views
Work culture in CPF board ( 1 2 3... Last Page)
43 Replies, 81,406 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
944 Replies, 560,304 Views
Is HR useless? ( 1 2)
13 Replies, 726 Views
GIC (Government of Singapore... ( 1 2 3... Last Page)
423 Replies, 753,246 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:53 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2