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Q: Big4 - Yearly salary increment

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  #17001 (permalink)  
Old 22-05-2024, 10:46 PM
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Not OP. Are you paid more for working more than your peers of the same rank ?
No thats y i left audit hahahaha.

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  #17002 (permalink)  
Old 22-05-2024, 11:11 PM
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I mid tier audit also 100hrs. No diff
Bad port is like that. But client respect you by treating you lunch.
lemao ya that's why I quit... Female here so my periods were missing for months due to the stressfulness and lack of sleep. got COVID and was still forced to submit sth by EOD - that's when I know I need to gtfo...

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  #17003 (permalink)  
Old 23-05-2024, 12:49 AM
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Looking forward to see how the new ep will affect the public accting firm.

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  #17004 (permalink)  
Old 23-05-2024, 03:12 AM
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Right now the trend is this: either you leave by the end of your A2 time, or just accept life and go all the way to sm/director/partner. At least the title makes you feel better with all the hours you sacrificed in your 20's.

Salary increase in big4 is a trap. Outside commercial salary never increase hor. Ppl don't regard audit as relevant at all, the longer you stay, the less likely you can leave without accepting pay cut.


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  #17005 (permalink)  
Old 23-05-2024, 07:55 AM
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Joining P as a SC in the Tax practice as an experienced hire.

Questions:
1. Is there any room for salary negotiation?
2. How is the salary progression like? Aside from annual increment, is there inflation adjustment? If I wasn't promoted, will I still have salary increment?
3. I see that there is no AM in Tax, is SC equivalent to AM in other practices?
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  #17006 (permalink)  
Old 23-05-2024, 08:21 AM
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Originally Posted by Unregistered View Post
Right now the trend is this: either you leave by the end of your A2 time, or just accept life and go all the way to sm/director/partner. At least the title makes you feel better with all the hours you sacrificed in your 20's.

Salary increase in big4 is a trap. Outside commercial salary never increase hor. Ppl don't regard audit as relevant at all, the longer you stay, the less likely you can leave without accepting pay cut.
In commercial probs jump ard for pay bump/title is the fastest. The biggest scam of big 4 is lowballing fresh grad right at the start of your careers and slowly increasing the pay to industry average but called it fast progression and pay raise
lol why tahan 3-4 years to get what other industry starting pay ?
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  #17007 (permalink)  
Old 23-05-2024, 08:25 AM
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Originally Posted by Unregistered View Post
Joining P as a SC in the Tax practice as an experienced hire.

Questions:
1. Is there any room for salary negotiation?
2. How is the salary progression like? Aside from annual increment, is there inflation adjustment? If I wasn't promoted, will I still have salary increment?
3. I see that there is no AM in Tax, is SC equivalent to AM in other practices?
1. You can try but most likely no. People within same rank are paid the same with 0-1000 max difference but u really have to be the top performer consistently. If mid tier jump big4, hard for HR to justify for u why ur pay higher than rest
2. no
3. Yes
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  #17008 (permalink)  
Old 23-05-2024, 08:36 AM
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Anyone saw a senior manager cried before because shortage of manpower?
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  #17009 (permalink)  
Old 23-05-2024, 08:39 AM
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Originally Posted by Unregistered View Post
1. You can try but most likely no. People within same rank are paid the same with 0-1000 max difference but u really have to be the top performer consistently. If mid tier jump big4, hard for HR to justify for u why ur pay higher than rest
2. no
3. Yes
1. Wow, thanks for the concise reply. Indeed, I tried and failed but I was intending to try again, guess I'll just save my time.
2. I see a salary progression from other posts for P as such:

Quote:
Tax
A1 - 3.6k
A2 - 4k
C1 - 5k
C2 - 5.5k
SC - 6.2k
M1 - 7.4k
M2 - 8.2k
M3 - 9k
SM1 - 10.4k
Does that mean I would be promoted to M1 next year, M2 the following year, with the corresponding pay scale assuming average performance and the pay scale is accurate?
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  #17010 (permalink)  
Old 23-05-2024, 08:52 AM
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I'm an audit senior. Wanna ask.

Is it because management feel my salary too high and so cannot hire more associates?

Anyone the same feeling as me?

E.g. Oh your salary too high so you should tank 2 to 3 person workload
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