Q: Big4 - Yearly salary increment - Page 175 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Q: Big4 - Yearly salary increment

Reply
 
Thread Tools
  #1741 (permalink)  
Old 14-06-2021, 10:45 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by KKK View Post
Not only need to be a partner but need to be senior partner in order to make serious cash. Even a junior partner only makes like $14/16k per month which isn't a lot. The senior partners on the other hand can easily make $1mil a year.

It's a slogfest over at the big 4.
serious ? SM is already making near 14/16k per month

i suppose partner should be near 20k/mth, else they might as well be a senior management in other corporation

Reply With Quote
  #1742 (permalink)  
Old 14-06-2021, 10:58 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
serious ? SM is already making near 14/16k per month

i suppose partner should be near 20k/mth, else they might as well be a senior management in other corporation
SM make 14/16k? Don’t make me laugh. M starts at ~6k. Do the math yourself. Maybe for those that are stuck at SM with a lot of experience then perhaps.

Reply With Quote
  #1743 (permalink)  
Old 14-06-2021, 11:18 AM
KKK
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
serious ? SM is already making near 14/16k per month

i suppose partner should be near 20k/mth, else they might as well be a senior management in other corporation
Yea, I am 100% sure because I have friends and family working in big 4. Partner can easily make 20k/month but not as a junior partner, need to have more ownership in the partnership then can make lots of $$$ but that usually only comes a couple of years after they make partner.

Reply With Quote
  #1744 (permalink)  
Old 14-06-2021, 08:26 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by KKK View Post
Yea, I am 100% sure because I have friends and family working in big 4. Partner can easily make 20k/month but not as a junior partner, need to have more ownership in the partnership then can make lots of $$$ but that usually only comes a couple of years after they make partner.
Is there like a limit on the ownership/partner share they can buy ?
An analogy, if the junior partner came from a wealth family to begin with. Can he/she literally buy X amount (to max that he could affords) of ownership/partner shares and literally do the minimal but get tons of compensation due to the ownership/partner shares he/she is holding ?

Like the concept of an investor buying a company shares and get dividend from it.
Reply With Quote
  #1745 (permalink)  
Old 14-06-2021, 09:04 PM
KKK
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Is there like a limit on the ownership/partner share they can buy ?
An analogy, if the junior partner came from a wealth family to begin with. Can he/she literally buy X amount (to max that he could affords) of ownership/partner shares and literally do the minimal but get tons of compensation due to the ownership/partner shares he/she is holding ?

Like the concept of an investor buying a company shares and get dividend from it.
I think there is a limit and it is tied to the years of service in the partner capacity because their shares vest over time so it's not instantaneous. Even then, how much a partner takes home is also dependent on how much his business unit brings in.
Reply With Quote
  #1746 (permalink)  
Old 14-06-2021, 10:32 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by KKK View Post
Yea, I am 100% sure because I have friends and family working in big 4. Partner can easily make 20k/month but not as a junior partner, need to have more ownership in the partnership then can make lots of $$$ but that usually only comes a couple of years after they make partner.
non equity partner ... maybe that amount

equity partner that buy in is way more... else not worth it la.
Reply With Quote

  #1747 (permalink)  
Old 15-06-2021, 05:08 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
serious ? SM is already making near 14/16k per month

i suppose partner should be near 20k/mth, else they might as well be a senior management in other corporation
Yup a new junior partner makes about 14k a month, but that's base salary. SM is around 8-10k a month typically. Those who get stuck at SM for longer might be making more, quite near junior partner level like you said.
Reply With Quote
  #1748 (permalink)  
Old 15-06-2021, 10:24 AM
Senior Member
 
Join Date: Apr 2021
Location: Singapore
Posts: 76
chickpig is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
SM make 14/16k? Don’t make me laugh. M starts at ~6k. Do the math yourself. Maybe for those that are stuck at SM with a lot of experience then perhaps.
Big 4 Consulting SMs do make 15/16k btw, and Ms do make 10/11k.
Reply With Quote
  #1749 (permalink)  
Old 15-06-2021, 10:27 AM
Senior Member
 
Join Date: Apr 2021
Location: Singapore
Posts: 76
chickpig is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
Yup a new junior partner makes about 14k a month, but that's base salary. SM is around 8-10k a month typically. Those who get stuck at SM for longer might be making more, quite near junior partner level like you said.
Wow, like that means Big 4 Consulting SM earn more than Audit junior partner, and Consulting M earn more than Audit SM then.
Reply With Quote
  #1750 (permalink)  
Old 15-06-2021, 10:37 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by chickpig View Post
Big 4 Consulting SMs do make 15/16k btw, and Ms do make 10/11k.
They don’t start at that level.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Salary Increment to be 5.2% Salary.sg Income and Jobs 1 25-09-2021 07:24 PM
Yearly increment Button Income and Jobs 29 06-01-2018 09:43 PM
Annual Increment for Civil Service 2011 bswuming87 Income and Jobs 4 10-04-2011 09:19 PM
Annual Increment 1nch3r Income and Jobs 0 12-11-2010 12:36 AM
Can your Increment beat Inflation? Salary.sg Investments and Net Worth 9 24-04-2008 03:37 PM

» 30 Recent Threads
Career as Teacher ( 1 2 3... Last Page)
10,850 Replies, 6,670,367 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,805 Replies, 1,045,236 Views
JP Morgan ( 1 2 3... Last Page)
199 Replies, 173,401 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,319 Replies, 4,984,690 Views
GovTech ( 1 2 3... Last Page)
5,163 Replies, 2,164,650 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,050 Replies, 440,715 Views
Mining Industry ( 1 2 3... Last Page)
80 Replies, 74,509 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,239 Replies, 3,399,683 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,340 Replies, 4,772,353 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
171 Replies, 309,530 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
680 Replies, 388,737 Views
Compare civil service salary ( 1 2 3... Last Page)
16,343 Replies, 12,457,747 Views
Lawyer Salary ( 1 2 3... Last Page)
21,015 Replies, 10,330,944 Views
ST Electronics ( 1 2 3... Last Page)
3,768 Replies, 1,545,254 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,457 Replies, 784,719 Views
Is getting a PMP worth it ?
4 Replies, 7,170 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,715 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,903,532 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,431 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,657,422 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
309 Replies, 369,350 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 814,022 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,828 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,324,899 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,737 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,375,698 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,840 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,998 Views
MX12 reappointed at MX11
8 Replies, 848 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,718 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:38 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2