Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

What a clown.
Hows your health?
How is peak tough when almost the entire year its peak
What faster promotion when so many people getting PII
What poach when audit is your only skillset? U have no commercial substance other than selecting samples

Yeah there's completely no more non peak these days.

Guy probably got poached to be the arrowed guy lol, no company with substance would wanna hire a CFO with no industry accounting background and give them fat pay and stock options.

Originally Posted by Unregistered

I think this is trolling, but if its real, I'll bite.

You do realize this is survivorship bias right? You're probably 1 out of 50 of your batch who made it to partner. You were in contention for the spot, because the other 49 people dropped out along the way.

Think about it. If everyone in your batch had been determined to stay on until partner to "see the lucrative gains" that you promise, will that magically increase the business case for your firm to promote all 50 of you as partners? No, not one bit.

The firm would still have to find ways to kick the other 49 out, or make them leave. There is only enough slots for X number of partners.

Big4 is based on a pyramid structure, like the SAF. All regular officers hope to reach Colonel and Brigadier General, but the majority will be forced out or forced to hentak kaki because there are only so many slots.

So your advice is literally worthless and totally backward looking. It has zero forward looking value.

Not exactly, I am not the original poster.

As long as you rise up to SM level and you can carry and grow your portfolio (increase fees or bring new clientele), partner track is always there. There isn't a fixed numbers of headcount for partners. As long as you can bring in revenue, there is a possibility.

However, let's face it, many people their career end point (at best) is Senior Manager. And for those that cannot even make it to SM, they probably would have figured out themselves at Managerial lvl and moved out to commercial roles, of which they may value more on family time and parenting and less on workload.

And there are also those who join big4 for the brand name, leave after 3-4years. Cannot take the brunt of what they chose to study. Then go commercial lor. In commercial, there is a fixed number of senior leadership position. (e.g. 1 CFO / Group CFO) follow by Deputy CFO (which is rare) then Finance Director / Finance Controller (can be a few if it is a group of companies).

Originally Posted by Unregistered

which firm 5.5k? we only get 5.3k here

KPMG pays more for qualified CA.

And that is around 3rd year mark, 4th year associate (SA2)

Originally Posted by Unregistered

Can anyone share how much does a new junior partner earn per annum

new junior partner won't be here. and if you are aspiring to be one you should be looking at sales and negotiating on your cut instead of asking how much others are bagging.

everyone's situation is different

Originally Posted by Unregistered

new junior partner won't be here. and if you are aspiring to be one you should be looking at sales and negotiating on your cut instead of asking how much others are bagging.

everyone's situation is different

lol @ "negotiating on your cut"

tell me you don't know exactly how partners are being compensated

Big 4 only recognize revenue when the juniors charge time. This is to expand the firm network by hiring more ppl.

If not why your managers want you to charge time even when the fee in their pocket alr.

Think harder CCC/C idiots

Originally Posted by Unregistered

What a clown.
Hows your health?
How is peak tough when almost the entire year its peak
What faster promotion when so many people getting PII
What poach when audit is your only skillset? U have no commercial substance other than selecting samples

Lol then don’t complain high inflation and low salary. 10 years later see who has the last laugh

Originally Posted by Unregistered

which firm 5.5k? we only get 5.3k here

Orange 5.5k S2 audit

Originally Posted by Unregistered

Lol then don’t complain high inflation and low salary. 10 years later see who has the last laugh

Correct. That's why don't join audit and you won't even have to be stressed over low salary.

Originally Posted by Unregistered

Lol then don’t complain high inflation and low salary. 10 years later see who has the last laugh

It is already “10 years later” for those of us here since the thread was started.