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Q: Big4 - Yearly salary increment

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  #17931 (permalink)  
Old 18-06-2024, 01:01 AM
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Those that got increment when they jump out, are they from the fs department? I myself from the non-fs team and went for many interviews but there is no way I get offer that has % increment in terms of basic salary. I feel that many of the employers are unwilling to pay more than $5k for someone who only knows how to audit and lack commercial accounting experience.

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  #17932 (permalink)  
Old 18-06-2024, 01:19 AM
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Those that got increment when they jump out, are they from the fs department? I myself from the non-fs team and went for many interviews but there is no way I get offer that has % increment in terms of basic salary. I feel that many of the employers are unwilling to pay more than $5k for someone who only knows how to audit and lack commercial accounting experience.
ex-am here, used to do shipping and commods. exited sometime last year right after promotion, got an increase from 6 to 7.2

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  #17933 (permalink)  
Old 18-06-2024, 02:59 AM
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to be fair, there is always two sides of a coin, i myself left with a 30% increment as s1 recently. honestly best decision of my life. in fact i managed to get 2 offers that offered 30% increment (big MNCs)

the reason i left is because when i look around, my peers cant even string together two complete sentences, and some of them the accounting knowledge is non-existent, and yet i draw the same salary as them. no thank you.

the point im trying to make is, as long as you can articulate the value of your experience in audit, e.g being able to see the big picture and correlate financial information + some technical, its easy to get a job, because well look at the current state of the people coming out of audit. one of the interviewer was surprised i could give some JEs for initial and subsequent measurement of a bond when some people with 5 years FS experience can even do the same... and im not even from a FS background...

i guess im just thankful that i got pretty good exposure during my first 2 years and had decent seniors and managers to guide me, but i can quickly see that even that is going downhill as some of the seniors nowadays are questionable at best...
which industries to what role?

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  #17934 (permalink)  
Old 18-06-2024, 08:28 AM
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FYI i think they also have poly program for poly grads... seems like just have to take ACCA/CA afterwards and u are as good as local FCH in par eyes...
CA is like the 2nd highest level of achievement you can achieve in this industry. The highest being Public Accountant.

After you get CA, nobody ask about your Poly or Uni already.
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  #17935 (permalink)  
Old 18-06-2024, 08:40 AM
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I noticed Audit Firms or Audit Partners are afraid associates' salaries eat into their profits.

OK lor

Then associates rather resigned, quit so as not to eat into their profits.

You guys can work without manpower and enjoy the profits yourself.

Fresh graduate don't want join this industry because they know audit firm are afraid their salaries eat into their salaries.

The Gen Z rather join other companies who don't keep talking about making profits with them.

People who doing vouching are in their 40s.

Then there are group of malaysian still waiting for PR application to be approved
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  #17936 (permalink)  
Old 18-06-2024, 08:45 AM
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I noticed Audit Firms or Audit Partners are afraid associates' salaries eat into their profits.

OK lor

Then associates rather resigned, quit so as not to eat into their profits.

You guys can work without manpower and enjoy the profits yourself.

Fresh graduate don't want join this industry because they know audit firm are afraid their salaries eat into their profits.

The Gen Z rather join other companies who don't keep talking about making profits with them.

People who doing vouching are in their 40s.

Then there are group of malaysian still waiting for PR application to be approved
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  #17937 (permalink)  
Old 18-06-2024, 09:57 AM
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ex-am here, used to do shipping and commods. exited sometime last year right after promotion, got an increase from 6 to 7.2
I exited immediately after turning M1.

Increase from 6.3k to 8k flat.
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  #17938 (permalink)  
Old 18-06-2024, 10:17 AM
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anyone working as commercial accountants in shipping and commodities?
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  #17939 (permalink)  
Old 18-06-2024, 11:18 AM
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I exited immediately after turning M1.

Increase from 6.3k to 8k flat.
Damn, this must be some time ago because M1 pay now is more than 7k already. But a 10% pay bump for infinitely better work life balance is actually fine too on top of being more competitive for higher paying roles with your "B4 audit + commercial" experience in the future.
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  #17940 (permalink)  
Old 18-06-2024, 11:56 AM
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Wow

So many audit seniors here complaining about how incompetent their juniors are
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