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Q: Big4 - Yearly salary increment

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  #1791 (permalink)  
Old 21-06-2021, 01:04 AM
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It's so sad to see how people in EY audit are struggling with workload and working long hours. Yet the current pay is a reduced pay (due to Covid) for god know how long it will be remained until. Every other big4 has already revised their pay to normal rate (pre-covid) and EY has yet to do so. People are leaving and the higher management are so unbothered by this. all they care are just $$$ in their pocket Benefits are sitngy to max zzzzz
that means not enough people leaving for partners to feel the impact la.

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  #1792 (permalink)  
Old 21-06-2021, 01:55 AM
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Why does Monitor Deloitte pay higher than Deloitte Consulting? Our WLB and school backgrounds are similar.

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  #1793 (permalink)  
Old 21-06-2021, 05:12 AM
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Why does Monitor Deloitte pay higher than Deloitte Consulting? Our WLB and school backgrounds are similar.
The same reason why Parthenon pays more than EY TAS or why Strategy& pays more than PwC consulting.

Lesser sieve from client bills. Money from clients for the vanilla consulting arm is used to cross subsidize other depts within the firm, vice-versa. The autonomous houses on the other hand rake in the full cash.

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  #1794 (permalink)  
Old 21-06-2021, 09:19 AM
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Why does Monitor Deloitte pay higher than Deloitte Consulting? Our WLB and school backgrounds are similar.
Think you need to do more research. Most Monitor Deloitte, Strategy& consultants have top MBA pedigree, such as from INSEAD. Rest of Deloitte, PwC Consulting do not.

Strategy projects of 6-8 weeks have tighter deadlines, are more intense with longer hours and poorer work-life balance than 6-12 month implementation projects.
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  #1795 (permalink)  
Old 21-06-2021, 11:29 AM
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no you need to have an "account" with a client that brings in money
How do you ensure you have an "account" then? I would assume the firm's services is constantly in demand, and there's no need for an AM to sought out clients on their own?
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  #1796 (permalink)  
Old 21-06-2021, 01:22 PM
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How do you ensure you have an "account" then? I would assume the firm's services is constantly in demand, and there's no need for an AM to sought out clients on their own?
that is when you are wrong. when you reach the Senior rank onwards, they will start to identify people to be groomed into potential managers. To sought an "account" on your own is almost guaranteed to become a manager since that is your job when you become one. Not having one means you need to wait and see if they could assign a new or existing one to you. This is a reason why only a limited number of people can become a manager each year since you need to be really good in bringing money for the firm instead of waiting for someone to put it on a plate for you. Thus most of the time people who stayed long would leave at S3 (AM) level since they are not capable of getting accounts under them and thus could not be promoted.
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  #1797 (permalink)  
Old 21-06-2021, 01:31 PM
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that is when you are wrong. when you reach the Senior rank onwards, they will start to identify people to be groomed into potential managers. To sought an "account" on your own is almost guaranteed to become a manager since that is your job when you become one. Not having one means you need to wait and see if they could assign a new or existing one to you. This is a reason why only a limited number of people can become a manager each year since you need to be really good in bringing money for the firm instead of waiting for someone to put it on a plate for you. Thus most of the time people who stayed long would leave at S3 (AM) level since they are not capable of getting accounts under them and thus could not be promoted.
Nah. Maybe only SM level onwards then you’ll be expected (or judged on your potential) to bring in new businesses. However, most M/SM are only responsible for managing projects/stakeholders.

Securing new accounts is purely the job of the directors/partners
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  #1798 (permalink)  
Old 21-06-2021, 01:40 PM
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Nah. Maybe only SM level onwards then you’ll be expected (or judged on your potential) to bring in new businesses. However, most M/SM are only responsible for managing projects/stakeholders.

Securing new accounts is purely the job of the directors/partners
Lol yeah sounds like he had that understanding of manager must bring in new account if not cannot be manager because probably kena bamboozled by someone at the top. Typical excuse for not promoting people to manager. I think he is 1 of those who kena passed for promotion to manager and started asking for why and this was the reason offered to him.
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  #1799 (permalink)  
Old 21-06-2021, 05:58 PM
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Nah. Maybe only SM level onwards then you’ll be expected (or judged on your potential) to bring in new businesses. However, most M/SM are only responsible for managing projects/stakeholders.

Securing new accounts is purely the job of the directors/partners

For consultancy side you need a account cause at the end you have a sales KPI.

1. You hold a account.
2. You share a account with a SM / M / Director means you split the revenue. Why this happen..too busy and need help for someone to manage one of the big account.
3. One of the major client like you.
4. Someone like you and want to pass you a account.

End of the day is .... need to have justification that you can hold or bring in revenue.
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  #1800 (permalink)  
Old 21-06-2021, 06:00 PM
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For consultancy side you need a account cause at the end you have a sales KPI.

1. You hold a account.
2. You share a account with a SM / M / Director means you split the revenue. Why this happen..too busy and need help for someone to manage one of the big account.
3. One of the major client like you.
4. Someone like you and want to pass you a account.

End of the day is .... need to have justification that you can hold or bring in revenue.
Is all this worth it? Work so much need to maintain account? But still only earn 6k?

You decide.. .or you believe you can be partner LOL..
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