Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

why did the 25% not get promoted?

For my batch, got a couple of A2 didn’t get promoted cus kena complained by client to partner. Then also got some unlucky ones kena engagements with tough seniors and managers who give poor rating so gg lo.

I can never understand how people can last more than 3 years in audit. Those 3 years in this industry is the lowest point of my life. I used to look quite decent, at least 7/10 on good days with a handful of suitors before I joined audit. But due to the lack of sleep and tremendous stress, my facial complexion is getting worse, size getting bigger and bigger from xs to xl. And not to forget to mention the irregularities of my period which fked up my hormones. I literally look and feel like sheet everyday. Imagine mid-20s looking worse than a wet market aunty.

Glad I’m out of this sheet hole. No amount of increment can make me come back to this industry lol.

Originally Posted by Unregistered

go back your fking malaysian kampong u trash
reason why singapore accountancy is dying is becos of your low balling
and u want to get CPF when u not even PR or citizen
_|_ your mum

necessary evil

Without cheap labour, costs in SG will be astronomical

Originally Posted by Unregistered

I can never understand how people can last more than 3 years in audit. Those 3 years in this industry is the lowest point of my life. I used to look quite decent, at least 7/10 on good days with a handful of suitors before I joined audit. But due to the lack of sleep and tremendous stress, my facial complexion is getting worse, size getting bigger and bigger from xs to xl. And not to forget to mention the irregularities of my period which fked up my hormones. I literally look and feel like sheet everyday. Imagine mid-20s looking worse than a wet market aunty.

Glad I’m out of this sheet hole. No amount of increment can make me come back to this industry lol.

Rule no.1 npnt

Rule no.2 never forget rule no.1

Originally Posted by Unregistered

What did you jump into? Is SM pay that much higher than commercial?

Doing regional FM now.

It will depend on your luck/ opportunity to hop out from the industry.

M3/SM yr1 average 8.7-9k +_.

How many job out there in commercial can offer such salary?

A lot are hesitate to make the change as one might have high commitment ( car condo, family etc)

Myself just have hdb and not driving, dont mind to take pay cut to have better wlb

Originally Posted by Unregistered

not OP, but i think the answer is no. it is not so straightforward.

i think you need to think about your salary goal and how fast you want to get there. if you want anything 12-14k in 10 years. i will say the best odds are to stay to SM3, outside would likely take longer, could be 15 years, 20 years, depends on your industry your own capability etc, of course could also be faster, i know guys who made it to PE or just manage to get hired as FC at immediately got a 30% raise. but of course these are minority cases.

but you need to consider that "surviving" to SM3 is not exactly easy either, along the way some people fall off the curve also, but if you can, it is probably the fastest. but then making the switch from there is exponentially difficult because you are just branded as an auditor. if you ask me is commercial that much different from audit, the answer is no, because audit actually exposes you to a lot of things and all that gives you a nice varied skill set. but does your future employer know that? the answer is no also, in that 2 or 3 rounds of interview you will never be able to display your true value, and then you got people who are "tried and tested" people doing FP&A which is probably a better bet to your hiring manager.

then the next consideration is can you make partner, if you can and you think audit is the career for you, then by all means stay. but if you cannot, then there is a real possiblity you are stuck as an SM3 with little to no exit opportunities and may have to take a pay cut. then you are suddenly behind the person who left early and now got the special "at least 10 years commerical experience with 3-4 years in big4", and these guys usually earn a decent sum.

think long and hard, dont look back. but i mean of course if everything turns to ****, and if you were a decent staff, your manager/partner will hire you back in a heartbeat looking at the situation today...

Great reply, based on your reply, can confirm u are one of the laojiao.
I am the OP.

That why , one need to decide when to get of the rat race or be career director or SM which he/she will still be able to earn 12-15k ( if cant make to P)

Originally Posted by Decorum

necessary evil

Without cheap labour, costs in SG will be astronomical

Not op, audit same pay regardless of whether if you are msian or sgp

Originally Posted by Unregistered

Not many locals will stay.

One of the b4, the current %tage of snrs approx 59% Msians, 39% Sgp, 2% others.

10 to 20 years ago, were there still more locals holding senior or manager positions? It’s scary to see how locals are becoming the minority.

Originally Posted by Unregistered

not OP, but i think the answer is no. it is not so straightforward.

i think you need to think about your salary goal and how fast you want to get there. if you want anything 12-14k in 10 years. i will say the best odds are to stay to SM3, outside would likely take longer, could be 15 years, 20 years, depends on your industry your own capability etc, of course could also be faster, i know guys who made it to PE or just manage to get hired as FC at immediately got a 30% raise. but of course these are minority cases.

but you need to consider that "surviving" to SM3 is not exactly easy either, along the way some people fall off the curve also, but if you can, it is probably the fastest. but then making the switch from there is exponentially difficult because you are just branded as an auditor. if you ask me is commercial that much different from audit, the answer is no, because audit actually exposes you to a lot of things and all that gives you a nice varied skill set. but does your future employer know that? the answer is no also, in that 2 or 3 rounds of interview you will never be able to display your true value, and then you got people who are "tried and tested" people doing FP&A which is probably a better bet to your hiring manager.

then the next consideration is can you make partner, if you can and you think audit is the career for you, then by all means stay. but if you cannot, then there is a real possiblity you are stuck as an SM3 with little to no exit opportunities and may have to take a pay cut. then you are suddenly behind the person who left early and now got the special "at least 10 years commerical experience with 3-4 years in big4", and these guys usually earn a decent sum.

think long and hard, dont look back. but i mean of course if everything turns to ****, and if you were a decent staff, your manager/partner will hire you back in a heartbeat looking at the situation today...

This is something I never fully understood, how does one go far in an accounting career without the requisite audit experience of 2-3 years?

I have seen folks with poly + Acca, but no audit experience at all, making it to FC level

Likewise, FPA manager without audit experience - then how to check whether consolidation is correct?

I explained to the client that our audit fees are lower because we handle multiple audit engagements simultaneously. If we weren't managing several jobs at once, the fees would be higher. It's similar to a hotel buffet: the cost is $300 because many people are dining. If it were just for one person, it would be $3,000. Additionally, if you need the audit report quickly, we can expedite the process for a premium fee. It's like choosing between a taxi and a bus: paying a higher price ensures faster service and additional resources. Is my analogy OK?