Q: Big4 - Yearly salary increment

For those who have left the accounting profession, do you all agree? That the value of the accountancy degree really shines when one works in related but not direct profession?

Like finance, consulting or even law?

Originally Posted by Unregistered

is this for real?? local accountacy course going drop to CCC/C already lmao

I can't imagine the work produce by jollibee lo.

if u guys think JHKs work already bad, how about jollibee???

Yes. Is on ISCA Facebook page. ISCA signed a MOU with PICPA.

I heard Keppel outsourced their billing AR AP to Philippines.

Why sometimes can see Big4 audit partners leave Big4?

Cannot justify their salary and time cost? Cannot meet billable hours?

I see A level students need to take A level in order to go in NTU

I see accounting poly students need to hit 3.7 gpa in order go in NTU

I see NTU graduates 3 to 4 years duration course

1 semester like got so many modules to do. At least 4 modules? At least 7 modules?

Sorry hour...I not NTU one. So I guessing nia.

Then 50% 70% of their modules like not relevant to audit procedure and financial reporting and taxes

I see ACCA student did 14 papers gao dim liao and go mid tier work as audit associate then work his her way up to audit manager

Like this audit job also no need a person who did so many NTU modules lor ..........

Study what A level lah

Study what NTU degree lah

Go what use?

Lol

1 x ACCA = 14 papers = gao dim liao

Originally Posted by Unregistered

I see A level students need to take A level in order to go in NTU

I see accounting poly students need to hit 3.7 gpa in order go in NTU

I see NTU graduates 3 to 4 years duration course

1 semester like got so many modules to do. At least 4 modules? At least 7 modules?

Sorry hour...I not NTU one. So I guessing nia.

Then 50% 70% of their modules like not relevant to audit procedure and financial reporting and taxes

I see ACCA student did 14 papers gao dim liao and go mid tier work as audit associate then work his her way up to audit manager

Like this audit job also no need a person who did so many NTU modules lor ..........

Study what A level lah

Study what NTU degree lah

Go what use?

Lol

1 x ACCA = 14 papers = gao dim liao

Bro.

Individuals with both A-levels plus an NTU degree and those with ACCA certification can potentially obtain similar positions and pay in audit firms.

While A-level/NTU graduates bring a broader educational background, ACCA-certified individuals have specialised expertise directly relevant to auditing.

Both paths offer opportunities for career advancement, but the choice depends on individual preferences and their career goals.

Originally Posted by Unregistered

I would say most commercial roles don’t have fixed pay grades for experienced hires unlike audit. In sg context, HR mostly relies on last drawn salary regardless your years of experience. Unless you’re a fresh grad straight out from uni, no HR is going to be hoping to actually hire someone by offering a 3-4k salary. My advice is to just put your resume out there and don’t limit yourself to just accounting/finance/fp&a roles.

If dont limit myself to these roles, should I aim higher and get even better paying jobs like IB S&T and PB?

My uni gpa is 3.5 can I still try and break into high finance?

Originally Posted by Unregistered

Hi all, recently made a move from B4 (second year senior) to a compliance role and just wanted to share some of my thoughts.

First of all, accounting as a profession is so underpaid (excluding CFOs and Finance director levels). Went for multiple interviews requesting for an expected salary of 6k and I was genuinely surprised by the number of accounting roles not being able to meet this salary. Really made me wonder how the govt dares to talk about making accounting an attractive profession again when the remuneration for these roles are like that. At the end of the day, a starting level compliance role was able to meet this salary expectation like ???

Secondly, I would like to call out the workplace culture of not just the B4, but most accounting related departments. It sincerely feels like exploitation of the naive fresh graduates who are likely at their first full time job, making them handle excessive workloads and OT. This culture is then brought to the finance departments in commercial firms by those who leave B4 (based on my personal observation of audit clients). Personally, this is worse than being slightly underpaid. We have audit managers essentially gaslighting staff and seniors into retracting resignations just using the idea of “faster-growing salaries”. Then again, this method works well on us fresh grads in our first full-time role. By the time I was firm on moving out of audit, I was already quite burnt out and not even looking forward to a new role.

In my experience, it was a little disappointing that I had to move on to a role that is less accounting-related, given I spent 3 years in audit just to obtain a professional accounting cert. (Has anyone seen the SCAQ ad on Instagram that promotes their cert by saying “Do the best for your children, Build Their Future”? Like wtf🤡???) However, if I get a chance in the future, I’m open to the idea of going back to accounting roles if the payscale can match up to other roles and no more of that toxic workplace environment.

Thanks for reading to the end and feel free to share your experiences as well. Really enjoy reading this forum apart from the quarreling parts.

Jiayous,
an ex-auditor😬

Should just stay and become big 4 equity partner where money is in. Easily 300-600k p.a, which is good for an average Joe

Originally Posted by Unregistered

AML at gambling. They are quite open to hiring auditors actually.

Do u mind sharing the salary? Is it really much higher than audit 2nd year senior? Worth the effort to study AML laws?

Originally Posted by Unregistered

Should just stay and become big 4 equity partner where money is in. Easily 300-600k p.a, which is good for an average Joe

Lol

How you justify your 300K p.a.

What is your charge out rate?

How u bill your hours?

How u justify your salary during off peak season?

Originally Posted by Unregistered

I think ISCA will eventually sign MRA with ACCA

Yes. If ISCA sign MRA instead of RMA with ACCA, then you have to take the SCAQ IBS 4.5 hours exam

Ok what better than 5 papers

Who are you? What are all these short form? You say like we know what you talking about