Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

Why leave if big 4 audit is the highest point u can achieve … local SME can’t pay them as high as big 4 and MNCs don’t want to hire them cos of the questionable degree and caliber …

if u think big 4 audit is the highest point u can achieve means u deserve to be in audit
LOL no need explain to a monkey

Originally Posted by Unregistered

The mass hiring is old news lol. During Covid time, yes there was an exodus and mass hiring.
But now, turnover for S1/S2 is at all time low. There is kinda like oversupply and partners are gonna make it more difficult to promote

after they revised the salary, S1 - 4800, it became too hard to leave because no commercial wants to pay that amount for a zombie that only knows how to pick sample

and S1 with 2 years experience isn't even competent, some dont know how to do FS, some dont know conso, some dont know dcf, all dont know accounting software, all dont have commercial experience

all they know is pick sample and vouching

they expect 5k+ when leaving too? so most are stuck. and most seniors are waiting for PR, some get PR sure leave because no encashment. but PR now hard to get bro, EP also hard to get HA HA HA HA HA

From 1 January 2025, the EP qualifying salary for new applications will be revised to at least $5,600, and at least $6,200 for the financial services sector.


Be prepared to lose your S1 if the revised salary doesnt change from 4,700 to to 5,600 next year

Be patient guys, many malaysian seniors are gonna get kicked out soon due to not meeting EP quota

Partners are waiting to kick them out

Originally Posted by Unregistered

Which firm? I thought big 4 Singapore need seniors, so they mass hired from big 4 Malaysia ?

One of the big 4, it’s 59% Malaysian and 39% Singaporean seniors.

old news. recent number of new hires is at a new time low due to fewer hirings (just see the number of interviews conducted since last bonus payout to date), some EP renewal rejected, and some EP applications rejected.

for turnover, wait till 30 jun to see isca's report

When I was still in big4, I was put into a listed engagement where everyone was jhk except me, one A1, EMs and the EP. Istg I dk how they even managed to pass the interview. Experienced A2 can’t even differentiate accruals and prepayments. Seniors only know how to roll PY paper blindly without using brain. I lose count how many times client has emailed to EMs to complain about the team’s quality. Not to mention that bunch of jhk only know how to point fingers at one another when things go south. Luckily my performance didn’t get drag down by this useless team and got above average rating.

Thanks goodness I’m out of here and managed to escape this year’s peak when they insist me to lead this engagement with the same bunch of incompetent team mates.

Can’t even do simple math and ask brain ded questions are my stereotypes of auditors nowadays

Originally Posted by Unregistered

This would depend on the department as well, FS seems to have higher turnover in recent months

EY FSO Has a glut of seniors. Until partners are openly telling ppl no promotions unless there is a business case. Idk what FS you’re in.

Originally Posted by Unregistered

after they revised the salary, S1 - 4800, it became too hard to leave because no commercial wants to pay that amount for a zombie that only knows how to pick sample

and S1 with 2 years experience isn't even competent, some dont know how to do FS, some dont know conso, some dont know dcf, all dont know accounting software, all dont have commercial experience

all they know is pick sample and vouching

they expect 5k+ when leaving too? so most are stuck. and most seniors are waiting for PR, some get PR sure leave because no encashment. but PR now hard to get bro, EP also hard to get HA HA HA HA HA

Which firm? How come your exposure as S1 so little ? S1 with 2 years would have touched all those above. (Maybe except accounting software)

Originally Posted by Unregistered

From 1 January 2025, the EP qualifying salary for new applications will be revised to at least $5,600, and at least $6,200 for the financial services sector.


Be prepared to lose your S1 if the revised salary doesnt change from 4,700 to to 5,600 next year

Be patient guys, many malaysian seniors are gonna get kicked out soon due to not meeting EP quota

Partners are waiting to kick them out

The revised salary is inclusive of CPF? With CPF, it’s $5,760

Originally Posted by Unregistered

EY FSO Has a glut of seniors. Until partners are openly telling ppl no promotions unless there is a business case. Idk what FS you’re in.

Probably KP FS, heard the turnover quite bad