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Q: Big4 - Yearly salary increment

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  #17151 (permalink)  
Old 25-05-2024, 06:20 PM
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I think itís also important to state which department you are referring to.

Because all along audit, tax, and consulting have different pay grades.

Most of the time we are referring to audit, but itís still better to be clear.
My bad, am referring to audit

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  #17152 (permalink)  
Old 25-05-2024, 06:22 PM
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lol what bonus? A1s don't have bonus since like 2022
wat abt A2s leh?

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  #17153 (permalink)  
Old 25-05-2024, 06:50 PM
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1) Yes, back then, there were still many batchmates going to the Big 4, so the comparison is not that bad.
2) Touch your heart, confirm you searched the MOM website before. But we are bloody not covered. The law doesnít protect us, lmao.
3) Yeah, in recent years, the exit opportunities have been very good even after slogging for 3 years.
4) Enduring works if itís for good prospects, but what if you are enduring for nothing? Going back to point 3.
3) Exit opps good in recent years??? Have you missed all the seniors who had to resign without a job since last year because they couldn't land a single job that didn't involve paycut??? If you have a lobang for me then I'll happily eat my words.

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  #17154 (permalink)  
Old 25-05-2024, 06:51 PM
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3) Exit opps good in recent years??? Have you missed all the seniors who had to resign without a job since last year because they couldn't land a single job that didn't involve paycut??? If you have a lobang for me then I'll happily eat my words.
lol nvm saw your correction. with how auditors are banned from non-GL accounting roles these days, who would wanna join audit.
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  #17155 (permalink)  
Old 25-05-2024, 06:53 PM
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My interpretation of recent events is that the young generation, by collectively boycotting the accounting industry and a career in accounting, has indirectly ďforced the handĒ 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.
Did you compare yearly compensation? There's no change or just a decrease.
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  #17156 (permalink)  
Old 25-05-2024, 07:04 PM
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3) Exit opps good in recent years??? Have you missed all the seniors who had to resign without a job since last year because they couldn't land a single job that didn't involve paycut??? If you have a lobang for me then I'll happily eat my words.
how big was the paycut?
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  #17157 (permalink)  
Old 25-05-2024, 07:31 PM
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Nobody cares about gen z boycotting audit lol

EY is currently doing a project where they are planning to hire lower qualified ppl to create a shared service to do lower level audit work like confirmations, vouching, recomputations,etc. basically all the work currently done by A1. Cause they know there is lesser and lesser supply of A1

They are targeting to hire ppl with lower qualifications so that they can be paid lower instead of paying A1 to do simple job.

This project called Cadet, short for Audit delivery team
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  #17158 (permalink)  
Old 25-05-2024, 07:33 PM
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My bad, am referring to audit
Deals Advisory A1 4.5k no bonus.
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  #17159 (permalink)  
Old 25-05-2024, 07:43 PM
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Nobody cares about gen z boycotting audit lol

EY is currently doing a project where they are planning to hire lower qualified ppl to create a shared service to do lower level audit work like confirmations, vouching, recomputations,etc. basically all the work currently done by A1. Cause they know there is lesser and lesser supply of A1

They are targeting to hire ppl with lower qualifications so that they can be paid lower instead of paying A1 to do simple job.

This project called Cadet, short for Audit delivery team
Yes

Basically the Gen Z destroy the industry themselves

I guess ISCA and ACRA are begging the Big4 not to do that

Also in future there may be no internship opportunities
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  #17160 (permalink)  
Old 25-05-2024, 08:17 PM
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Yes

Basically the Gen Z destroy the industry themselves

I guess ISCA and ACRA are begging the Big4 not to do that

Also in future there may be no internship opportunities
4500 x 1.17. 5265. Good match for new ep. Thanks.
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