Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

same for risk consulting?

black risk advisory not as great. The last I heard was 1 month only

Originally Posted by Unregistered

??? which firm???

i'm literally from deals M&A and we did not get 3.5 months for average performers

are you actually working in one or just repeating what you hear from a friend who told you he works in "financial advisory"? because who calls themselves that except to clueless outsiders?

Iguess you are not from black firm then~

Originally Posted by Unregistered

Not FSO advisory. It is financial advisory from black! Part 2 years was really good.
Depending on your grading, minimally 3.5 for last year

Interesting, I'm not from black and don't have any friends in black financial advisory, only audit which was 1 month. I've only heard bad things about their culture, didn't know they paid that well. Looks like it's worth making a jump one day there since 3 months is top rated performer bonus here (which no one in the team gets).

Deal-related teams? Sounds like the normal advisory teams got 1 month like the audit team did.

Anyone from Advisory can share the culture there?

Specifically on M&A, FDD and Business Valuation.

Originally Posted by Unregistered

Interesting, I'm not from black and don't have any friends in black financial advisory, only audit which was 1 month. I've only heard bad things about their culture, didn't know they paid that well. Looks like it's worth making a jump one day there since 3 months is top rated performer bonus here (which no one in the team gets).

Deal-related teams? Sounds like the normal advisory teams got 1 month like the audit team did.

i'm in M&A too (non-black) and bonus is also 1 month.

Originally Posted by Unregistered

Anyone from Advisory can share the culture there?

Specifically on M&A, FDD and Business Valuation.

10x better than audit. made a move there and no regrets. better to join as fresh grad though.

definitely ib-lite culture but less cutthroat though still competitive. hours are less predictable and kind of consistently long but people actually have the time to teach (but you need to have self-taught knowledge already). culture-wise the best managers are still the homegrown advisory ones and not transferred from audit imo.

Originally Posted by Unregistered

10x better than audit. made a move there and no regrets. better to join as fresh grad though.

definitely ib-lite culture but less cutthroat though still competitive. hours are less predictable and kind of consistently long but people actually have the time to teach (but you need to have self-taught knowledge already). culture-wise the best managers are still the homegrown advisory ones and not transferred from audit imo.

Thanks this is helpful.

Is SCAQ still relevant for Advisory?

Originally Posted by Unregistered

Interesting, I'm not from black and don't have any friends in black financial advisory, only audit which was 1 month. I've only heard bad things about their culture, didn't know they paid that well. Looks like it's worth making a jump one day there since 3 months is top rated performer bonus here (which no one in the team gets).

Deal-related teams? Sounds like the normal advisory teams got 1 month like the audit team did.

There are a few teams in Financial Advisory in black. M&A, Corporate Finance and Forensic. The normal advisory team you probably referring to FSI audit advisory or Risk Advisory.

Of course these stats were based on last 2 years.. not sure going forward will still be this good.

The biggest flaw about big 4 is that they confuse experience with project management skills.

just received 3.6k offer for PwC Financial Services Assurance Associate (non-accountancy). first year no bonus. is this normal? able to negotiate to perhaps 4k?