Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

Not an issue, seniors are getting outsourced at 2k SGD. Just let the local associate go down to client to show face and vouch, not like seniors do much paper vouching anyway.

I'm guessing they're gonna do it like this:
A1 4k
A2 4.2k
S1 4.8k
S2 5.3k

Prestige of "high-pay" entry level (which is what students care about) is maintained and they get to hire 5 foreigners for every local, win-win.

Any big 4 already start to outsource senior? I know mazars is hiring many ppl in kl for local client

Originally Posted by Unregistered

Difficult bro. Recovery cannot cover. The more u progress , the thinner ur team should be. Audit is on triangle model, not inverted triangle. Cannot top heavy

Not just audit but other service lines too.

But impacts audit more heavily due to the lower fees and margins. Would be great if the govt could step in to intervene with audit fees by setting a floor. And big four setting lower margin requirements - sorry partners

For a more sustainable industry?

Originally Posted by Unregistered

Nah 4k isn’t enough. If you want to appeal fresh grads you just need to game the GES by offering high starting pay.

Imagine if they pay A1 5k but increase by $200 every year… it will still work better.

inb4 4.5k starting pay but no bonus

Originally Posted by Unregistered

Not just audit but other service lines too.

But impacts audit more heavily due to the lower fees and margins. Would be great if the govt could step in to intervene with audit fees by setting a floor. And big four setting lower margin requirements - sorry partners

For a more sustainable industry?

Can do audit and sus assurance tgt. Now new ep100 block the NAS sb jia lat. Even if not member firm if u in group audit, especially listed client totally cannot provide NAS.

So only first year 4k then consecutive year go back to normal? Who will accept this?

My fellow ex auditors, how’s the job market outside? Dun wan to stuck in this pitiful role leh, burnt out liao helpz

Saw one job advert say one small small startup finding finance executive, prerequisite is must come from big4, celery $3k. LOL siaobo

Originally Posted by Unregistered

Saw one job advert say one small small startup finding finance executive, prerequisite is must come from big4, celery $3k. LOL siaobo

They outsourcing ?

Originally Posted by Unregistered

My fellow ex auditors, how’s the job market outside? Dun wan to stuck in this pitiful role leh, burnt out liao helpz

bad. see the other reply about 3k for experienced staff. that's the reality even if you leave audit, no one will pay you above audit pay.

even if there is a well-paying role, expect it to be snatched by lowballing laid-off finance managers and controllers.

been looking for a role for so many months and contemplating an outright career change at this point.

Originally Posted by Unregistered

bad. see the other reply about 3k for experienced staff. that's the reality even if you leave audit, no one will pay you above audit pay.

even if there is a well-paying role, expect it to be snatched by lowballing laid-off finance managers and controllers.

been looking for a role for so many months and contemplating an outright career change at this point.

Sounds like my experience. Always get to second and final round interview, then they'll say 'Nothing wrong with your experience, it's just that we went with a candidate with more years of relevant experience'. It's so depressing.