Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

Should be 6k

Either way its quite bad. Usually reach AM level at 4 to 5 year mark, then manager at around 6 to 7.

In a local bank, you would already be at AVP to VP level drawing near 10k salary alr.

Originally Posted by Unregistered

Either way its quite bad. Usually reach AM level at 4 to 5 year mark, then manager at around 6 to 7.

In a local bank, you would already be at AVP to VP level drawing near 10k salary alr.

Bank stress level is very different.

Originally Posted by Unregistered

Bank stress level is very different.

At least they don't OT until midnight LOL.

Originally Posted by Unregistered

everyone with experience and certificates are leaving from yellow. only people who lack of experience and certificates remain behind.

how you know, you from which team?

i only know partner leaving, director leaving and sm leaving

Originally Posted by Unregistered

Either way its quite bad. Usually reach AM level at 4 to 5 year mark, then manager at around 6 to 7.

In a local bank, you would already be at AVP to VP level drawing near 10k salary alr.

4-5 years to reach manager in big4, depending on which dept. Meanwhile VP in BB back office takes 8-10 years. You are not making a fair comparison. 5 years probably is an associate in BB and 6-8k sounds about right not too far off.

Originally Posted by Unregistered

4-5 years to reach manager in big4, depending on which dept. Meanwhile VP in BB back office takes 8-10 years. You are not making a fair comparison. 5 years probably is an associate in BB and 6-8k sounds about right not too far off.

4-5 years reach manager in Big 4? Is that the average?

Average to reach VP in BB is around 8-9 years so you’re right on that.

Originally Posted by Unregistered

4-5 years reach manager in Big 4? Is that the average?

Average to reach VP in BB is around 8-9 years so you’re right on that.

Not true. 4 to 5 years to reach AM. (Assoc > Senior Assoc > AM), 1 to 2 years between each. Around 7 to 8 years to be manager.

VP salary in local banks is 10k+ for BO, manager salary is not even 70% of that LOL.

Originally Posted by Unregistered

Not true. 4 to 5 years to reach AM. (Assoc > Senior Assoc > AM), 1 to 2 years between each. Around 7 to 8 years to be manager.

VP salary in local banks is 10k+ for BO, manager salary is not even 70% of that LOL.

1 year experience - A1 to A2
2 years experience - A2 to SA1
3 years experience - SA1 to SA2
4 years experience - SA2 to AM (M directly for some non-audit departments)
5 years experience - AM to M

so where did your 7-8 years come from, care to explain? unless your sources are severe underperformers?

which local bank is that? i know that junior VPs in BBs back offices are earning 10k base, which is granted given the additional years of experience relative to a big 4 manager.

Originally Posted by Unregistered

1 year experience - A1 to A2
2 years experience - A2 to SA1
3 years experience - SA1 to SA2
4 years experience - SA2 to AM (M directly for some non-audit departments)
5 years experience - AM to M

so where did your 7-8 years come from, care to explain? unless your sources are severe underperformers?

which local bank is that? i know that junior VPs in BBs back offices are earning 10k base, which is granted given the additional years of experience relative to a big 4 manager.

VP in BB BO starts upwards of 11-12k btw and fastest reach this in 6-7 years.

Not the Op but have friends who worked for 6-7 years to make M in B4 (that’s average apparently).

Originally Posted by Unregistered

1 year experience - A1 to A2
2 years experience - A2 to SA1
3 years experience - SA1 to SA2
4 years experience - SA2 to AM (M directly for some non-audit departments)
5 years experience - AM to M

so where did your 7-8 years come from, care to explain? unless your sources are severe underperformers?

which local bank is that? i know that junior VPs in BBs back offices are earning 10k base, which is granted given the additional years of experience relative to a big 4 manager.

Salty graduate who entered big 4. LOL.
1 promotion every year, you wish! Just look at your audit managers in big 4 on linkedin, and on average they get promoted to M level at the 7 year mark