Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

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:



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?

Yes the pay grade listed is quite close to actual . But maybe need to clarify with HR bec/7:3 from what I know (colleagues from mid tier) their first year cannot take part in promotion cycle. And it make sense that within the short observation cycle they would rather save the SC to mgr headcount to those who are here longer and more rounds of performance evaluation . Long past the days where the SC to mgr is easy

Originally Posted by Unregistered

Yes the pay grade listed is quite close to actual . But maybe need to clarify with HR bec/7:3 from what I know (colleagues from mid tier) their first year cannot take part in promotion cycle. And it make sense that within the short observation cycle they would rather save the SC to mgr headcount to those who are here longer and more rounds of performance evaluation . Long past the days where the SC to mgr is easy

To be exact not first year cannot promote. Is whether ur join date is eligible for the promotion cycle, ie whether you serve x numbers of months to be eligible for the appraisal.

Originally Posted by Unregistered

Yes the pay grade listed is quite close to actual . But maybe need to clarify with HR bec/7:3 from what I know (colleagues from mid tier) their first year cannot take part in promotion cycle. And it make sense that within the short observation cycle they would rather save the SC to mgr headcount to those who are here longer and more rounds of performance evaluation . Long past the days where the SC to mgr is easy

These insights are very helpful for an outside hire into b4. In that case, how is the increment like if I wasn't promoted from SC to manager?

A separate question: Are M1, M2, M3 actual ranks/titles or denoting the number of years of experience as that rank?

Originally Posted by Unregistered

To be exact not first year cannot promote. Is whether ur join date is eligible for the promotion cycle, ie whether you serve x numbers of months to be eligible for the appraisal.

That's good to hear. My start date is exactly the start of their FY so I assume I'm automatically eligible for promotion then!

Originally Posted by Unregistered

These insights are very helpful for an outside hire into b4. In that case, how is the increment like if I wasn't promoted from SC to manager?

A separate question: Are M1, M2, M3 actual ranks/titles or denoting the number of years of experience as that rank?

M1 m2 m3 etcis profession. Whats the diff? Your portfolio u handle becomes bigger and depends on ur luck see whether u get bad clients. Eg. M1 handle 800k portfolio size. M2 handle 1m plus portfolio size etc etc.

and NO. Its not a confirm progression. U can have 10 years of experience and still be M1 because u just sux

Why doesn't ISCA do away with the SCAQ? Studying for these examinations is a waste of time, as they seem quite useless.

Why would auditors need to understand Capstone?

Originally Posted by Unregistered

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.

Is accountant exit better than auditor?

Originally Posted by Unregistered

What an odd way to characterize choosing careers.

Why is safety even an issue? Grads are not being asked to gamble their career or money away.

If a grad is bright and ambitious, they will easily go into other corporate or banking or finance tracks that allow them to easily hit 100k far faster and with lower working hrs, than Big4.

It's not an issue of safety vs risk. It's a difference between the lazy + unambitious grad vs the hungry + ambitious grad. Audit attracts the former type of grads, that want to walk into a job without much competition or effort (because barriers to entry are so low). The latter type of grads will avoid Big4 altogether because they know they can earn so much more elsewhere, and are not afraid of competing to prove themselves.

Exactly. Plus, if you're that hardworking until you don't mind joining audit, having 2-3 jobs at the same time can net you 100k easily too. The hours are the same anyway, maybe even better if the jobs are remote with downtime.

Originally Posted by Unregistered

Anyone saw a senior manager cried before because shortage of manpower?

Not in person but heard about it

Originally Posted by Unregistered

Exactly. Plus, if you're that hardworking until you don't mind joining audit, having 2-3 jobs at the same time can net you 100k easily too. The hours are the same anyway, maybe even better if the jobs are remote with downtime.

2-3 jobs ?

Have time meh ? At which rank you will have the time to do other stuff