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Q: Big4 - Yearly salary increment

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  #17171 (permalink)  
Old 26-05-2024, 01:17 AM
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Cos the snr and mgr are useless and not helpful?
Pls start and finish the tax, deferred tax, conso, impairment, insurance, FS review within 3 days. partner review slot upcoming, deadlines non-nego.

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  #17172 (permalink)  
Old 26-05-2024, 01:40 AM
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lol gen z bb pls stop take yourself so seriously… not becos you kpkb that’s why increase salary…. Is purely becos EP threshold changed lah

And nobody cares if we join audit or not. Always enough supply of fresh blood from neighbour who can x3 salary and work hard one

My suggestion is just go for better industry. Take your acc degree as a skill not a career

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  #17173 (permalink)  
Old 26-05-2024, 08:11 AM
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lol gen z bb pls stop take yourself so seriously… not becos you kpkb that’s why increase salary…. Is purely becos EP threshold changed lah

And nobody cares if we join audit or not. Always enough supply of fresh blood from neighbour who can x3 salary and work hard one

My suggestion is just go for better industry. Take your acc degree as a skill not a career
As a skill not a career - meaning just apply bank MA programmes straight, etc? Don’t practise as accountant/auditor?

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  #17174 (permalink)  
Old 26-05-2024, 09:07 AM
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lol gen z bb pls stop take yourself so seriously… not becos you kpkb that’s why increase salary…. Is purely becos EP threshold changed lah

And nobody cares if we join audit or not. Always enough supply of fresh blood from neighbour who can x3 salary and work hard one

My suggestion is just go for better industry. Take your acc degree as a skill not a career
Based on my professional observation, the adjustment to the compensation is highly certain that the industry leaders are trying to match the new ep and level the playing field between big 4s and the mid tiers. Small firms are doom, unless their compass score is gd enough.
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  #17175 (permalink)  
Old 26-05-2024, 09:11 AM
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As a skill not a career - meaning just apply bank MA programmes straight, etc? Don’t practise as accountant/auditor?
Not OP but yes. I always tell the interns PLEASE do not join audit. All are smart enough to see what made up the current workforce of auditors. And im proud of them that ALL interns choose to do other function like corporate finance. 1 of my interns even dropped accountantcy and do teaching which she is passion about.
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  #17176 (permalink)  
Old 26-05-2024, 09:37 AM
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Not OP but yes. I always tell the interns PLEASE do not join audit. All are smart enough to see what made up the current workforce of auditors. And im proud of them that ALL interns choose to do other function like corporate finance. 1 of my interns even dropped accountantcy and do teaching which she is passion about.

If you like working until 2 am daily, working on weekends, and on public holidays while your friends are out enjoying themselves, then audit might be for you. However, you might wonder why you are working so hard yet earning less than the average fresh graduate. your neighbours can enjoy themselves, buy condos, cars etc, but you can't do those things. Is it worth it?

Of course, some will say that if you're in it for the money, you shouldn't join audit. So, do we join audit for passion or for the overtime life? Ridiculous.

As for the SCAQ, its value has decreased now. It's not necessary to have it or to stick it out for three years in Big 4 firms. I don't think hiring managers specifically look for it.
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  #17177 (permalink)  
Old 26-05-2024, 09:54 AM
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lol gen z bb pls stop take yourself so seriously… not becos you kpkb that’s why increase salary…. Is purely becos EP threshold changed lah

And nobody cares if we join audit or not. Always enough supply of fresh blood from neighbour who can x3 salary and work hard one

My suggestion is just go for better industry. Take your acc degree as a skill not a career
Heard one of the firms hiring is stricter now because they increased the pay. So the workload per person is going to increase.

The firm was also the most lax in hiring people in the past. It feels like you're an outsider within the company. Lol
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  #17178 (permalink)  
Old 26-05-2024, 10:43 AM
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Heard one of the firms hiring is stricter now because they increased the pay. So the workload per person is going to increase.

The firm was also the most lax in hiring people in the past. It feels like you're an outsider within the company. Lol
how will the workload increase?
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  #17179 (permalink)  
Old 26-05-2024, 11:03 AM
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how will the workload increase?
cost of auditors increase.
big 4 still need to maintain cost competitiveness with their clients (i.e., MNCs and companies engaging big 4 for audit). It is unlikely that big 4 would be able to nego for a substantially higher price.
big 4 in turn have to aggressively take on many more deals to maintain profitability.
auditors pressured to decrease their turnaround time for each project, i.e., if you were paid 5k and churning ~3 engagements a year, you now get paid 6k but pressured to church 4-5 engagements a year.
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  #17180 (permalink)  
Old 26-05-2024, 11:07 AM
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cost of auditors increase.
big 4 still need to maintain cost competitiveness with their clients (i.e., MNCs and companies engaging big 4 for audit). It is unlikely that big 4 would be able to nego for a substantially higher price.
big 4 in turn have to aggressively take on many more deals to maintain profitability.
auditors pressured to decrease their turnaround time for each project, i.e., if you were paid 5k and churning ~3 engagements a year, you now get paid 6k but pressured to church 4-5 engagements a year.
currently how many concurrent engagements do auditors do?


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