Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

only hard truth here
the industry is in such a state is because of the high supply of malaysians leading to low balled salary
the industry and malaysians destroyed it

High supply of jhk is ok, the problem is the high supply of cui quality of these jhk. English cui, work quality cui. Every cny and year end chiong to rush back to jb, leave the sinkie to kio sai. Last time my associate days, I always kena year end stock take. My jhk associate friends no need cus “need to go back home for year end”.

Originally Posted by Unregistered

only hard truth here
the industry is in such a state is because of the high supply of malaysians leading to low balled salary
the industry and malaysians destroyed it

I think this is only true for audit?

I haven't met any malaysians in Tax and advisory.

Originally Posted by Unregistered

I think this is only true for audit?

I haven't met any malaysians in Tax and advisory.

Audit is the largest division so you can auto assume most people are referring to audit.

Originally Posted by Unregistered

The main issue of accounting industry is not really on the SCAQ. But rather the high workload, low pay environment, with full of msians (low barrier of entry). The exemptions and discounted SCAQ fees will not attract ppl into the industry.

The real thing that attracts is the present value of future potential earnings from accountancy industry. Meaning, to value one’s career in monetary terms into present value like how u value a company.

An average performer would be a senior accountant or finance manager by early 40s, this can easily draw a pay of 7k to 8k. But currently most fresh grads are getting 6k in MAPs especially banks. This just makes accountancy duller.

Accountancy has reached an end. However, the authorities are trying to push internal audit, business analytics, sustainability as an accountancy career route.

They have failed to see that these are cost centres and companies are unwilling to match the pay of 6k to these areas.

Since pay isnt increasing as fast as banks or other industry, we do lesser work.
Hence audit failures are more common these days. Thats because they took shortcut in audits.

Its a give and take. Supply and demand.
Higher pay would attract quality employees.

For msians, they are hardworking because their monies are multiplied by 3.5.
Likewise, if the starting pay for accounting is multiplied by 3.5 for singaporeans, who wouldnt do it?

Correct. There are so few sgeans since our pop is so small, so when all go high paying job, no more left to do audit.

Audit pay so shiet, even bank MAP in HR also better pay, almost double, and at half the hours. So which sohai wanna die in audit when they dont need the no. 1 thing b4 offer - sponsorship?

Originally Posted by Unregistered

nope im ex big 4. laughing at you clowns trying hard to get in.

Im ex big 4 rejector laughing at u ex big 4.

Originally Posted by Unregistered

I think this is only true for audit?

I haven't met any malaysians in Tax and advisory.

That's because tax and advisory actually requires some brains and commercial acumen.

I'm neither in nor have acct bg. I'm actually legal. But my function works quite closely with Big 4 tax and advisory for special projects / engagements. Sometimes we also have contact with Big 4 auditors.

As an outsider, the difference between auditors vs tax or consultants is night and day. For the latter, I have hardly met anyone who is a M'sian or one I could obviously tell was.

For auditors, I have met several who have difficultly stringing a coherent sentence together. And mind you, these are the engagement people that Big 4s are sending to present in front of audit or risk comm.

For Consulting, you can definitely spot the differences easily. At the associate level, they are much more confident and perform better than the dinosaur SMs in audit

Originally Posted by Unregistered

That's because tax and advisory actually requires some brains and commercial acumen.

I'm neither in nor have acct bg. I'm actually legal. But my function works quite closely with Big 4 tax and advisory for special projects / engagements. Sometimes we also have contact with Big 4 auditors.

As an outsider, the difference between auditors vs tax or consultants is night and day. For the latter, I have hardly met anyone who is a M'sian or one I could obviously tell was.

For auditors, I have met several who have difficultly stringing a coherent sentence together. And mind you, these are the engagement people that Big 4s are sending to present in front of audit or risk comm.

Within the firm we can’t really tell, cause it’s hot desking and we all sit on the same floor. I don’t walk around with a label on my head saying what dept I’m from. There’s so much chatter that occasionally you can pick up some accent but we don’t really notice.

But yea I haven’t had to work with any malaysians in my three years here.

Originally Posted by Unregistered

High supply of jhk is ok, the problem is the high supply of cui quality of these jhk. English cui, work quality cui. Every cny and year end chiong to rush back to jb, leave the sinkie to kio sai. Last time my associate days, I always kena year end stock take. My jhk associate friends no need cus “need to go back home for year end”.

Why do everyone complain about jhk...I am an audit staff and I hate working with my pinoy seniors and managers

Originally Posted by Unregistered

Why do everyone complain about jhk...I am an audit staff and I hate working with my pinoy seniors and managers

Which firm? Mine dun have leh.