Are you the linkedin coach? Mid tier is best

[QUOTE=Unregistered;217023]Mid tier means what? GT RSM or BDO ah

GT still OK cos the heads are angmo. Tryin to rebuild their presence in SG after the FKT breakup. plus office at high ses Asia Square

BDO RSM is super local. Do your own due diligence

Note: I am not a HR from GT.[/QUOTE
Rsm also jh land

Hiie all, I'm the coach from LinkedIn.

If there is anyone who is curious about unorthodox but proven ways to attain partnership, please leave a comment.

Mid tier is essentially anyone who is not big4 and a small firm.

Starting in a mid tier firm is basically starting the fight on an uphill slope. You are already at a disadvantage compared to your peers. If you choose to leave, hiring managers will forever question why no big4 in your resume, and you need to break through that additional barrier. I don't understand the point of shortchanging yourself.

Big4 annual increment
 

Can i check from A to SA the increment is it 20% standard?

big 4 ppl look down on mid tier as well

blue advisory got alot of jhk?

History
 

[QUOTE=Unregistered;217036]OOOH WHAT HAPPENED? FKT and GT was once a single entity?

Anyone know if possible to get yearly increment for black if still under probation for associate? Any increment after the 6 month probation?

If you did audit peak you should fight for increment regardless.

Have met people who held same 3000 salary for 1.5 years.

Increment after probation? Dream on

That should be only if the person didn't get promoted.

Does Black have a 6 month probation period? That's strange

Big 4 FDD or international tax have better prospects?

Interested in fin acc --> go FDD
Interested in tax --> Int tax

both have good career path

in big 4 = 0 prospects

Does big4 still currently looking for experienced audit hire? And which big4?

why everyone i see want to make IB their end goal sia got what so nice about it

you huanlo meh

lmao what huanlo, ask cause curious cannot meh? I not asking your 3 sizes after all

stfu before i f ur backside

Only jhk got best prospects
Make manager at 26 and ask lowly sinkies fo work

Hi bro, 10 years ago I was also in the similar situation as you - deciding between two offers which are an investment banking role in BB banks or Big 4 Audit. I chose the latter in the end because I believe the big fish in a small pond concept, where I am able to excel in a place of average joes compared to an environment of high fliers in BB banks. It was the best decision of my life because there are really great benefits working as an auditor, such as working with genuine people, transparent career progression and the learning experience. Even during COVID, I was fortunate that I was not retrenched and deeply appreciate my firm (i would have been retrenched in a BB bank).

It feels good to be one of the high flyers in my audit firm and I felt like a king. I am up for partnership this year and I am grateful. I strongly
suggest fresh grads who take their career seriously to ignore on the starting pay and working hours. Try to look beyond these factors and you will realise that audit is the best career and superior over any other jobs u can think of in terms of job stability, good career progression, working with sincere and best people, broad learning experience and lastly, the chance to become an equity partner.

Are you sure you are in audit? Instead of selling your medicine, why don't you give proper advice to guide people on their career choice, and think about actual pros and cons of it. He is choosing audit with mid tier over other jobs.

SG based BB have not done mass layoff of local during covid. In addition, if you truly have a BB offer 10 years ago, you might not necessarily still be in IB now. Could in one of the buyside houses which have a good mix of some stability and pay. You would have enough money to get past a 6 month gap while looking for a new gig.

Let's not write too much stories here. I don't even think you are in audit, much less that you have chosen audit over IB.

There's so much trolling here that this entire thread is pretty worthless for any real career advice.

Really shows the sad state of people in Big4. Must come here talk rubbish and let out steam to compensate for the frustration of being stuck in Big4 on mediocre pay with mediocre jhk colleagues. Compared to the real high fliers outside. LOLL

either a troll or truly delusional idiot

All of these trolls. Why join big 4 and work 3-6 years just to hit the salary (base pay, not even adding bonus) of a FAANG / BB bank / local bank. Mind boggling.

The reason is obvious so you are trolling too.

Then really what is there to talk about? The pay scale in B4 is all standard, so is the progression. JJww also no use. Maybe every 5 years revised upwards by a couple hundred bucks.

is it true that as an accounting grad you will always lose to your comp sci peers and be a loser for life?

Enter the financial sector and you will be in front.

Loser until you become an equity partner in Big4. That’s why I advocate fresh grads to tough in out and grind till equity partner level. Life will be satisfying seeing your efforts being paid off through hard labour.

However, once you give up in the Big4 grind and exit to commercial, you will be loser for life.

and how many % actually makes it?

Only 2 out of 100 fresh associates because nowadays fresh graduates lack long term career direction and foresight. They tend to seek out for instant gratification, which only turn into their biggest regret in their career life.

Commercial firms may give you an initial pay bump of 20% once you leave, but you will stagnate once you are there (e.g 2% increment a year unless promoted but this is tough because you won’t get promoted unless someone above you leaves).

Huh why even grind toe to toe with jhk. U do know u dun need any good qualification to reach M right. If u can get a head start why go pwn yourself.

I know u can be sub par and just give ur time away. But that is not a good career advise for ppl.

LMAO. I think there's a bit of lack of basic critical thinking here.

If only 2 out of 100 associates make partner (i.e. 2%), the number of partners being made up will remain the same no matter how much you address the issue of attrition at the lower ranks.
(let's assume 2% per annum for arguments' sake, unless someone can provide the actual hard data).

Because each Big 4 firm can only make up so many equity partners.

It's not about the lack of suitable candidates to make equity partner, but whether there's a business or financial case for a firm to make up X number of partners in the first place.

Even if more auditors "tough it out and grind" like you say, that simply means instead of competing against 10 other survivors on the partnership track for those 2 spots, you're competing against 20 other survivors for the 2 spots.

Though big 4 all about good exit ops.

Otherwise why join big 4?

Sadly this is partially true these days. Singapore is too small and flooded with jhk now. While u still in b4. Outside alrdy oos for you after you are done with b4.

Do you know comp science used to be dumping ground just a few years ago? All these hype will change few years down the road. But i am definitely not advocating anyone to study accounting. An industry that is full of msians is seriously just too low ses.

s://.icaew.com/insights/features/archive/the-qualities-of-a-big-four-partner

You are missing the point. Please refer to the link. The point I am trying to state is that only 2-3% of members make it to partner statistically.

You're also missing the point, which is that the whole reason only 2 to 3% make it (as you say) is because the entire sector runs on natural attrition model. It depends on the other 97-98% contenders quitting or dropping out along the way.

Like the SAF, there's literally room for only X number of Generals. There's no organizational case to increase the number of General positions. The entire structure is designed to encourage attrition.

More equity partnership slots will not magically open up in the Singapore market. Realistically speaking, there is nothing that can be done in the Singapore market to "generate business and grow the cake" since the market for audit services is already fully saturated by the Big 4.

Partner talk is silly. Just use M/SM as the premise to talk about remuneration and progression if want to make a point. Otherwise, why don't we talk about progression / remuneration of being senior mgmt at commercial firms too.

Or are we acknowledging that our partners are not good enough to get into those roles are commercial