Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

What’s the difference between a1 and intern?

Difference pay lor. $800 vs $3.6k

Originally Posted by Unregistered

because of grades or intern experience?
A1 4.5k then A2 how much?

KPMG A1 4.5k while PwC A2 4.4k? Lmao KPMG A1s earning more than PwC A2s

Originally Posted by Unregistered

do audit associates desire power?

From 2010 up until 2016 maybe.

Now 2024… they just want money and work life, right to disconnect from work.

Originally Posted by Unregistered

KPMG A1 4.5k while PwC A2 4.4k? Lmao KPMG A1s earning more than PwC A2s

anyone knows KP A2 how much?

Originally Posted by Unregistered

KPMG A1 4.5k while PwC A2 4.4k? Lmao KPMG A1s earning more than PwC A2s

but PwC A2 next year will be senior liao

Originally Posted by Unregistered

Pls lah we all went thru the local uni acc degree
What makes u qualify to start as senior position ? With all the B/C average grades on report card and brain ded tick the box audit summer internship ?
Understand this is a toxic industry… but some ppl really can’t wake up the idea that u are just not the top 5or even 25% of your cohort to deserve a $10k starting pay

My interpretation of recent events is that the young generation, by collectively boycotting the accounting industry and a career in accounting, has indirectly “forced the hand” of the boomers to raise salaries.

A single student has no bargaining power; but the collective power of Gen Z has made this happen.

So yea, change up the way things work or risk losing new blood.

Without fresh blood any industry also cannot sustain.

Originally Posted by Unregistered

My interpretation of recent events is that the young generation, by collectively boycotting the accounting industry and a career in accounting, has indirectly “forced the hand” of the boomers to raise salaries.

A single student has no bargaining power; but the collective power of Gen Z has made this happen.

So yea, change up the way things work or risk losing new blood.

Without fresh blood any industry also cannot sustain.

Conspiracy theory: it’s for the ep renewal

Originally Posted by Unregistered

From 2010 up until 2016 maybe.

Now 2024… they just want money and work life, right to disconnect from work.

It depends on how prevalent they are in the organization to change how things work.

Now still many boomers and hardworking fts. So not likely to change

Originally Posted by Unregistered

I suspect Gen Z doesn't like vouching work.

They feel they are so smart and they want to sit Senior Manager / Partner position?

Nah vouching work isn’t the issue.

It’s the compensation, hours, and prospects

1) Compensation - starting salaries in other industries is higher. Their peers are earning more, going on holidays, posting on IG. It’s social media era now, everyone wants to compare.

2) Hours - Gen Z thinks this working to peak hours is just nonsense and won’t stand for it. I have juniors that asked me whether we are all sheep, how is it that no one in history of B4 has ever complained to MOM when asked to work such long hours.

3) Prospects - Internally, as A1, they see their SA1s still slogging and can easily imagine that to be their future selves. They don’t want a future like this for themselves. Externally, the exit opportunities into a cushy job isn’t as attractive when you have to still slog for 3 years and pass SCAQ.

4) In the past we say “just tahan for 3 years only”, but now they want “holy god have to slog for a WHOLE THREE years”. People are more impatient and crave instant gratification while Big4 model has always been delayed gratification. Doesn’t work anymore.

Originally Posted by Unregistered

It depends on how prevalent they are in the organization to change how things work.

Now still many boomers and hardworking fts. So not likely to change

Junior partners don’t have enough power to change the system.
Senior partners just waiting to retire and have little incentive to change the system.

Unless you have someone able to rally up the voting power of the junior and mid level partners.