Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

What high audit fee?

Do you know these days small firm audit fees are not cheap either? Big 4 audit fee for some clients can come close to what these firms charge, and considering the difference in work load I'd say Big 4 is undercharging.

In the recent A1 batch, are there still many local graduates from NTU, SMU and NUS going to audit?

Originally Posted by Unregistered

In the recent A1 batch, are there still many local graduates from NTU, SMU and NUS going to audit?

As a proportion of total graduates from the cohort, yes, it’s been maintained.

The issue is the absolute number of accounting graduates have fallen sharply.

There seems to be some initiatives coming from ISCA to reverse this trend, but I expect any successful attempt will have a lead time of at least 3 years.

Originally Posted by Unregistered

As a proportion of total graduates from the cohort, yes, it’s been maintained.

The issue is the absolute number of accounting graduates have fallen sharply.

There seems to be some initiatives coming from ISCA to reverse this trend, but I expect any successful attempt will have a lead time of at least 3 years.

Okay ya, NTU 2023 GES around 96.9% employed for accountancy cohort, median is big 4 A1 pay of $3.6k lol. Still a big 4 factory

Why is big4 so toxic?

I left office at 10pm and everyone stare at me like I did something wrong.

Originally Posted by Unregistered

really meh

Alot of audit firm facing shortage of staff

i mean for auditors leaving audit

Originally Posted by Unregistered

i mean for auditors leaving audit

Are the majority of local fresh graduates really still going to the Big 4? It seems like the ft to local ratio is around 1:1.

Originally Posted by Unregistered

Why is big4 so toxic?

I left office at 10pm and everyone stare at me like I did something wrong.

Hahahaha Then you glare back at them… how much are they paying you for OT ? $10? $12?
If you can finish your work assigned, then leave lor. Work at home or office is the same if you can complete your work.

Originally Posted by Unregistered

Are the majority of local fresh graduates really still going to the Big 4? It seems like the ft to local ratio is around 1:1.

For accounting grads, surprisingly yes. It's a safe path to middle income that even average non-rockstars can get so audit is still something well regarded. The thing is, there's just fewer accounting grads overall because the ambitious ones go to computer science now. For business grads, I see most going to banks, management programs, marketing, and so forth.

Originally Posted by Unregistered

Why is big4 so toxic?

I left office at 10pm and everyone stare at me like I did something wrong.

are you from that four-lettered department? no one else OTs until midnight in office these days anymore.

unless they're glaring at you because you logged off without finishing your work hahaha

Big4 rely on NTU NUS SMU graduates for branding to charge clients high fees

If NTU NUS SMU graduates all united don't do OT

what can Big4 do?

You guys should know Big4 had to rely on branding to charge high fees