Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

yeah, accounting teams here in Asia are really understaffed and system is not good

sometimes our US HQ and EU branch have much better system than the Asia ones even though it's under same group

goes to show the priority here. don't be fooled by reddit accounting subforum, they say accountants good pay good wlb because it's good there but not here.

those who moved to AU all say their month end closing is nothing like what they had to suffer in SG

How much do commercial accountants get paid? What are their normal working hours like?

I saw some of my clients leave work at 5:30pm daily or work from home. They earn $5k to $6k per month, with bonuses of 2-3 months. This is not the norm ?

lol once you make it to 8k, very hard to go back down to 5k 6k lifestyle

Originally Posted by Unregistered

yeah, accounting teams here in Asia are really understaffed and system is not good

sometimes our US HQ and EU branch have much better system than the Asia ones even though it's under same group

goes to show the priority here. don't be fooled by reddit accounting subforum, they say accountants good pay good wlb because it's good there but not here.

those who moved to AU all say their month end closing is nothing like what they had to suffer in SG

Tbh if u work in Europe/US HQ MNC in SG u can achieve the same level of WLB… given that your direct boss and upper mgmt are not those who buy into the “stay late in office to show you are hardworking” toxic culture . If u see CN/local SME just run away as fast as you can. For the same process, a SME without good resources and system take 1 day instead of 1 hour

Originally Posted by Unregistered

Tbh if u work in Europe/US HQ MNC in SG u can achieve the same level of WLB… given that your direct boss and upper mgmt are not those who buy into the “stay late in office to show you are hardworking” toxic culture . If u see CN/local SME just run away as fast as you can. For the same process, a SME without good resources and system take 1 day instead of 1 hour

What's the working hours during month end close? I know it's until 6pm for non-peak

The high profit margin in big4 is due to low budget time and budget cost? End up associates need to use their own time?

Originally Posted by Unregistered

What's the working hours during month end close? I know it's until 6pm for non-peak

I heard latest is 11pm.

Originally Posted by Unregistered

What's the working hours during month end close? I know it's until 6pm for non-peak

ard9-10 pm for a few days per month

Rest of the days is 6pm . Or 4 pm if nothing to do and mgr not in office

Originally Posted by Unregistered

What's the working hours during month end close? I know it's until 6pm for non-peak

No fixed working hours. Based on however fast or slow you take to finish your assigned work…

Blue
S3: 5300 (before)/ 5600 (after october, b4 ca bonus)
5800 (before w Ca)/
S4: 4800 (before) / 5100 (after)
G1:3800 (before) / 4550 (no bonus), 4400 (advisory)
G2:3600(before) / 4350 (no bonus)

Yellow
S2: 5500 (before) /
S1: 4800 (before) /
A2: 3800 (before)
A1: 3500 (before)/4300 (after, no bonus)

Orange
S2: 5300 (audit) 5500 (tax) 6000 (cons) (before)
S1: 4800 (audit) 5000 (tax) 5500 (cons) (before)
A2: 3800 (audit) 4000 (tax) 4500 (cons) (before)
A1: 3500 (audit) 3600 (tax) 4000 (cons) (before)/4100 (after, no bonus)

B4 Ca completion bonus 2.5k x 4

Black
S2:
S1:
A2: 4500 (after)
A1: 4100 (after)

The profit margin at Big4 accounting firms is substantial, often around 40%. This is largely due to the considerable amount of time associates and managers put in, often working until 10 PM or even 12 AM. Meanwhile, the partners at the top reap significant profits.

Despite the high audit fees charged by Big4 firms, associates and managers receive comparatively low compensation. Ideally, the budgeted costs and time should be sufficient given the high audit fees, but partners deliberately set these budgets lower. As a result, associates and managers end up working overtime, using their personal time to meet these unrealistic targets.