Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

Bonus should be higher but the base salary is around $5k + to $7k

Is that every audit associate dream?

Originally Posted by Unregistered

The salary progression in commercial accounting is slow?

There is always a salary ceiling in the commercial accounting?

Is slow and low. Its 2024 they only adjust to average... pls dont buy their cfo and partner dream. 20 years ago alrdy selling. This ajd also for ep not for local workforce.

Commercial, 400k plus companies in singapore and only 600 listed company.?? U basically f#%ed by not getting into big listed firm. Even u are there uncle and auntie is at the top and wont move a shyt for u to take over the position. Unless ur parents are partner in a firm or u are rich kid who can just get to c suite in early 30s. STAY AWAY FROM THIS PROFESSION.

Originally Posted by Unregistered

Is slow and low. Its 2024 they only adjust to average... pls dont buy their cfo and partner dream. 20 years ago alrdy selling. This ajd also for ep not for local workforce.

Commercial, 400k plus companies in singapore and only 600 listed company.?? U basically f#%ed by not getting into big listed firm. Even u are there uncle and auntie is at the top and wont move a shyt for u to take over the position. Unless ur parents are partner in a firm or u are rich kid who can just get to c suite in early 30s. STAY AWAY FROM THIS PROFESSION.

Stay away from audit or stay away from commercial accounting?

Originally Posted by Unregistered

Stay away from audit or stay away from commercial accounting?

both. if you're smart, just get into something else.

Originally Posted by Unregistered

Bonus should be higher but the base salary is around $5k + to $7k

the salary range is accurate. usually 1-3 months bonus. but 5k FM roles usually for SME aunties not auditors because they don't need much accounting knowledge

Originally Posted by Unregistered

the salary range is accurate. usually 1-3 months bonus. but 5k FM roles usually for SME aunties not auditors because they don't need much accounting knowledge

Then auditors should go which direction so as not to compete with SME aunties?

Currently an S1, went for multiple interviews and was lowballed by several interviewers for accountant role. Highest I got is $5k but need do full set and also cover fp&a role, hours seems slightly better than audit lmao.

Fp&a roles 100% rejection rate.

Anyone same situation as me?

Originally Posted by Unregistered

Currently an S1, went for multiple interviews and was lowballed by several interviewers for accountant role. Highest I got is $5k but need do full set and also cover fp&a role, hours seems slightly better than audit lmao.

Fp&a roles 100% rejection rate.

Anyone same situation as me?

Sounds just like me... The job market is really depressing...

the longer u wait in big 4 the harder it is for u to find some legit commercial accounting position without being lowballed. this industry is dominated by middle age auntie and uncles who may not even have a degree, forget abt CPA/CA. chances are most SMEs rather hire a 5k per month 8YOE auntie accountant as compared to ex-auditor. 1st they cant afford u, 2nd as compared to these laoniao, u more likely to jump again as u want more salary 2 years later...
I jumped out as S1, was offered a 30% increment plus a title drop (senior to analyst) . recently got another offer which gives me a 40% jump (this is after my 2 years in commercial with 20% adjustment - promoted once) same batch friends trying to jump out now, she was offered mostly at her current big 4 salary / 5-10% increase, what's worse is most FP&A job will take those from FP&A or accounting advisory functions. Auditors are not competitive in the Finance BP / FP&A fields cos of the lack of knowledge in Tableau/Power BI/ management reportings
if u want jump, jump asap. dont think the jump as mgr get 40% bump works anymore

Originally Posted by Unregistered

Currently an S1, went for multiple interviews and was lowballed by several interviewers for accountant role. Highest I got is $5k but need do full set and also cover fp&a role, hours seems slightly better than audit lmao.

Fp&a roles 100% rejection rate.

Anyone same situation as me?

which audit group are u in? tbh if u want higher pay go look for those related to financial services/tech/RE. FMCG, F&B cant afford to give high pay as their finance departments have many ppl and are purely cost centres.