Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

Technical accounting function. Need some experience, dont see any entry role.
U can go commercial or stay in public accting firm.

I dont remember accounting mgr pay is better than auditors.
Audit 5k+ is s2/am level. After that u have to decide to stay or leave.
I hope b4 mgr, m1 is getting 7k now. If still in 6k range in 2024 is a joke.
Do u think u still learning meaningful things in audit
or u just there to clock the time.

OP here, thanks for replying.

I heard from my managers that M1 is around 7k now so it's not too bad, but looking at their hours and their scope of work, I'm very sure that it's not something I want to torture myself to work on. Plus, I feel like I'm not learning meaningful things in audit (same old procedures for the same old generic trading goods clients, no meaningful analysis to be done because deadlines and rubber stamping, just reconcile their messy workings to fill in the blanks in the latest audit workpapers) compared to when I was an associate. That's why I want to leave now that I have done one busy season as a senior.

How is technical accounting and how different is it in commercial vs public? It always sounds intimidating to me, since it feels as though you have to be some expert in IFRS17 or so.

Originally Posted by Unregistered

Hmm pays well and hours are both subjective.

I’m drawing 7.5k for a standard 9 to 6, but my days are damn lepak. After the morning 9am meeting, I get a breakfast coffee break from 10 to 1030, an extended lunch from 12 to 2, and an unofficial afternoon break from 4 to 4:30. Many days there’s nothing to do and I just wait for the clock to hit 6 lol. Day to day just review excel, PowerPoint and word documents. Call a few vendors and make sure things are going ok.
But many things are standard templates and form just need to check the numbers were updated from source correctly.

Once every two weeks I “work” from home but it’s basically do nothing and just watch / Netflix. But if people need help they will ping me and I will go help with my expertise.

Quite chill la, you will need some time to adjust getting used to it after slogging to 3am in audit peak haha.

People like you are also the first to get cut in any retrenchment excercise.

Originally Posted by Unregistered

Not OP, m1 is around $7k.

Feels like the learning curve becomes stagnant after reaching s1.*
For the same job they can plot senior 1 to 3, means technically there’s not much difference in job scope across the senior rank.

For the transition from audit to commercial/advisory, is it still possible to maintain the same pay level at s2 or is there likely to be a pay cut ?

Yellow*

Hi its a jump of >20%. As mentioned, there is no entry role. U need at least 5 or 6 yoe if i rmb correctly. U probably join specialist or mgr.

Originally Posted by Unregistered

OP here, thanks for replying.

I heard from my managers that M1 is around 7k now so it's not too bad, but looking at their hours and their scope of work, I'm very sure that it's not something I want to torture myself to work on. Plus, I feel like I'm not learning meaningful things in audit (same old procedures for the same old generic trading goods clients, no meaningful analysis to be done because deadlines and rubber stamping, just reconcile their messy workings to fill in the blanks in the latest audit workpapers) compared to when I was an associate. That's why I want to leave now that I have done one busy season as a senior.

How is technical accounting and how different is it in commercial vs public? It always sounds intimidating to me, since it feels as though you have to be some expert in IFRS17 or so.

As TA, you are right. It is knowledge demanding. Thats why we always look for technically strong ppl to join the team. In public u can consider yourself a researcher or the google.

You need to be aware of new or upcoming standards, preparing guidelines, doing training, providing guidance to different role. From jnr to partner level. Of cos u cant run away from frs, ssa, ethic codes, mas regulation such as payment service act/regulation, company acts or anything under the sun

It is indeed demanding. But still better than demanding in hours only, such as audit function.

In commercial its still quite process driven to me. It seems there is no clear line u are a fm or a ta.

All in all u are paid ~10% premium as compared to audit mgr for a reason. Thats my opinion. And yes.. this is a niche role, not many ppl likes it because u need to be better than google search.

Originally Posted by Unregistered

OP here, thanks for replying.

I heard from my managers that M1 is around 7k now so it's not too bad, but looking at their hours and their scope of work, I'm very sure that it's not something I want to torture myself to work on. Plus, I feel like I'm not learning meaningful things in audit (same old procedures for the same old generic trading goods clients, no meaningful analysis to be done because deadlines and rubber stamping, just reconcile their messy workings to fill in the blanks in the latest audit workpapers) compared to when I was an associate. That's why I want to leave now that I have done one busy season as a senior.

How is technical accounting and how different is it in commercial vs public? It always sounds intimidating to me, since it feels as though you have to be some expert in IFRS17 or so.

7k??? I see mazars in career future offerring 7.5k and up for technical. Worst off then mid tiers?

Originally Posted by Unregistered

OP here, thanks for replying.

I heard from my managers that M1 is around 7k now so it's not too bad, but looking at their hours and their scope of work, I'm very sure that it's not something I want to torture myself to work on. Plus, I feel like I'm not learning meaningful things in audit (same old procedures for the same old generic trading goods clients, no meaningful analysis to be done because deadlines and rubber stamping, just reconcile their messy workings to fill in the blanks in the latest audit workpapers) compared to when I was an associate. That's why I want to leave now that I have done one busy season as a senior.

How is technical accounting and how different is it in commercial vs public? It always sounds intimidating to me, since it feels as though you have to be some expert in IFRS17 or so.

s://.ifac.org/knowledge-gateway/series/accounting-technicians
I always promote ta and not audit. See ifac to understand more.

Originally Posted by Unregistered

s://.ifac.org/knowledge-gateway/series/accounting-technicians
I always promote ta and not audit. See ifac to understand more.

This is more for commercial. Like audit associate.

Originally Posted by Unregistered

7k??? I see mazars in career future offerring 7.5k and up for technical. Worst off then mid tiers?

7k is regular audit. advisory where they group technical accounting under is 10-20% higher at manager level.

Originally Posted by Unregistered

Hmm pays well and hours are both subjective.

I’m drawing 7.5k for a standard 9 to 6, but my days are damn lepak. After the morning 9am meeting, I get a breakfast coffee break from 10 to 1030, an extended lunch from 12 to 2, and an unofficial afternoon break from 4 to 4:30. Many days there’s nothing to do and I just wait for the clock to hit 6 lol. Day to day just review excel, PowerPoint and word documents. Call a few vendors and make sure things are going ok.
But many things are standard templates and form just need to check the numbers were updated from source correctly.

Once every two weeks I “work” from home but it’s basically do nothing and just watch / Netflix. But if people need help they will ping me and I will go help with my expertise.

Quite chill la, you will need some time to adjust getting used to it after slogging to 3am in audit peak haha.

Originally Posted by Unregistered

Same bro 100to120k pa. Wfh 5 days only go office for meeting if required. Flexible hours doing meaningful woek, objective focused.

Bad thing about the job? Entertain auditors and the 2pid request. Otherwise all are good and normal.

I'm guessing the TA guy is the second one? I wonder what's the first one.

Can i ask where to find such lovely, chilling, >7k paying, 5 day 9 to 6-ing, technical accountant jobs? I don't even need 7k, around 5.5k will do.