Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

Hello! Yes, stayed in this thread although no longer an auditor. Yup, part of the transition, and still ranting about it as we really face-on looking at this course and industry went downhill. Believe those from our era will understand. The new gen no need to be concerned, post 2020 was a restart and it should get better for those who wanna stay long run, and that should be way, hope so.

Just curious, how were things like back in 2013?

auditors make mistake again. waste money and time

Originally Posted by Unregistered

Just curious, how were things like back in 2013?

This question make me feel old sia… 2013 is just a few years go you say until like a generation ago..

Originally Posted by Unregistered

Ty. What's the absolute salary for first year sm1?

Ballpark 6.8-7

Originally Posted by Unregistered

Just curious, how were things like back in 2013?

Hello! I won't mind sharing some grandma stories using my cui english if got ppl dun mind hearing, haha.

Those days ah way before 2013, even in secondary sch, POA teachers were quite well respected, my humanities teacher would said things like "stop angering ur POA cher, they should be earning better elsewhere." May be because we are neighbourhood schs so POA was not really seen as 2nd class subject. Not sure now, hardly heard of POA but heard some ppl saying even neighbourhood sch dun even wanna offer POA as a core subject. Actually I felt POA is quite useful, its the most basic start of understanding basic finance leh, no harm doing it in secondary sch imo. I liked POA and dunno what to do, so did accountancy in Poly.

Back then in poly (before sqp/scaq implemented), we knew of getting into NTU/NUS/SMU Acc was need around AAA/B for A lvl and C.GPA 3.88/4 for poly grad to hit 10th percentile points to get a spot there, anything less than that will need interview w some profs. There were no SIT/SUSS/SUTD in those batch. Despite local uni degree can simply became a CPA sg with 3yrs experience and 5 day course, Accountancy/Audit were really quite a popular route to go for if 1 were not up for law/medicine and do not want to do engineering. Perhaps it was without SCAQ, that was why our degree worth so much more, unlike now it became so diluted. Can imagine from JC/Poly already how hard we got to work for our study to get into local uni accountancy, it was quite competitive and the same competitive ppl we will see in those unis. Our poly lecturer keep say till accountancy/audit as a career was damn good, heard the pay was considered good in those days and audit promised confirmed progression.

In NTU, we quite often see HCI and RI students doing double degree (Biz/acc) in the same class. For a neighbourhood sch kid like myself, dunno why but it felt quite surreal to be in the same team as them for projects. Surprisingly 1 of them I knew of actually went for audit in Blue. Other than those top scorers, most of us will go for audit thinking its the path for progression, even stay for 1 to 3 years also good which most did and then move on.

Imo the SQP(now scaq) was implemented too rush and set the bar too high back then. Can rmb, I just gotten my Uni conditional offer with my 5sem poly results and suddenly news came saying anyone who enrolled into uni the next year will need take SQP, grandfathering scheme by the 5day course will not apply to us. Suddenly it felt quite "betrayed", like why the effort needed exponentially increased when its alrdy so competitive. But I still decided to go uni take acc, if not do what, back then young and simple thinking lo. Along the way we heard of how tough SQP was, such as pass rate too low and not many ATOs means non-audit peeps wont even meet the requirement to be CA sg. Yet, we didn't seen much support (e.g. PP mods exemptions or much lesson providers or more ATOs) provided other than expensive difficult exams. SQP was not popular to us, we hardly talked about it and it seems like we were not even interested, I don't think I knew of any of my batchmates took up SQP/SCAQ.

Over the years SCAQ increased pass rates and support due to lack of application bah, more ATOs too. But it had to reach a point where we all know the various reasons (suppressed pay/overworked/rise of Comp sci post pandemic) accountancy goes downhill then ISCA/ACRA buck up to save this industry by its vague marketing and making SCAQ more manageable (e.g. recent exemptions/APP) for the larger mass who may find pursuing it while working may be too overwhelming mentally and financially. And for us the past batches, all these support seem a bit too late and will not apply to us. Nvm...

Did not regret pursuing local uni Acc degree back then, but I felt this industry needs to be more rewarding instead of being a sunset for foreign talent to do it cheaper. Perhaps it will get better for new gen with all these support/marketing from ISCA/ACRA. I'm currently supervising an poly acc intern, I donno to cry for her anot, felt like i'm being a bad influence to her if keep on tell her to think twice if wanna go this path, but I also should not be contributing to the shortage of talent pipeline or else no more ppl to hire. Hais.

[QUOTE=Unregistered;290149]Ballpark 8.5-9[QUOTE]

Originally Posted by Unregistered

This question make me feel old sia… 2013 is just a few years go you say until like a generation ago..

11 years ago. If you 19 year old freshie back then also 30 years now...

Hello, what's the average bonus for each firm audit? EY paid 1.7 for average performer this year.

Originally Posted by Unregistered

Just curious, how were things like back in 2013?

2013 was start of Great Leap Forward & ISCA was formed

We didnt have resources back then, some people think that dining utensils(students) can be smelted to make surgical grade steel thru an improvised furnace.

1)Things didnt turn out the way we wanted it to be, our ISCA CFOs still cannot guide a company for Fortune 500 world domination

2)With the new surgical grade steel utensils, not all customers will need such luxury.

Will all customers now still buy Christofle instead of regular NTUC fork and spoon?

Same with accountantancy.

In 2013, we had SQP and SCAQ thereafter

想当年，I couldnt date my malaysian auditor crush as her schedule was too tight due to exams

nope, salary also didnt jump overnight by 50% with ISCA rebranding

Fundamental conditions like salary jump is more important then name & exam syllabus change….

Originally Posted by Unregistered

Hello! I won't mind sharing some grandma stories using my cui english if got ppl dun mind hearing, haha.

Those days ah way before 2013, even in secondary sch, POA teachers were quite well respected, my humanities teacher would said things like "stop angering ur POA cher, they should be earning better elsewhere." May be because we are neighbourhood schs so POA was not really seen as 2nd class subject. Not sure now, hardly heard of POA but heard some ppl saying even neighbourhood sch dun even wanna offer POA as a core subject. Actually I felt POA is quite useful, its the most basic start of understanding basic finance leh, no harm doing it in secondary sch imo. I liked POA and dunno what to do, so did accountancy in Poly.

Back then in poly (before sqp/scaq implemented), we knew of getting into NTU/NUS/SMU Acc was need around AAA/B for A lvl and C.GPA 3.88/4 for poly grad to hit 10th percentile points to get a spot there, anything less than that will need interview w some profs. There were no SIT/SUSS/SUTD in those batch. Despite local uni degree can simply became a CPA sg with 3yrs experience and 5 day course, Accountancy/Audit were really quite a popular route to go for if 1 were not up for law/medicine and do not want to do engineering. Perhaps it was without SCAQ, that was why our degree worth so much more, unlike now it became so diluted. Can imagine from JC/Poly already how hard we got to work for our study to get into local uni accountancy, it was quite competitive and the same competitive ppl we will see in those unis. Our poly lecturer keep say till accountancy/audit as a career was damn good, heard the pay was considered good in those days and audit promised confirmed progression.

In NTU, we quite often see HCI and RI students doing double degree (Biz/acc) in the same class. For a neighbourhood sch kid like myself, dunno why but it felt quite surreal to be in the same team as them for projects. Surprisingly 1 of them I knew of actually went for audit in Blue. Other than those top scorers, most of us will go for audit thinking its the path for progression, even stay for 1 to 3 years also good which most did and then move on.

Imo the SQP(now scaq) was implemented too rush and set the bar too high back then. Can rmb, I just gotten my Uni conditional offer with my 5sem poly results and suddenly news came saying anyone who enrolled into uni the next year will need take SQP, grandfathering scheme by the 5day course will not apply to us. Suddenly it felt quite "betrayed", like why the effort needed exponentially increased when its alrdy so competitive. But I still decided to go uni take acc, if not do what, back then young and simple thinking lo. Along the way we heard of how tough SQP was, such as pass rate too low and not many ATOs means non-audit peeps wont even meet the requirement to be CA sg. Yet, we didn't seen much support (e.g. PP mods exemptions or much lesson providers or more ATOs) provided other than expensive difficult exams. SQP was not popular to us, we hardly talked about it and it seems like we were not even interested, I don't think I knew of any of my batchmates took up SQP/SCAQ.

Over the years SCAQ increased pass rates and support due to lack of application bah, more ATOs too. But it had to reach a point where we all know the various reasons (suppressed pay/overworked/rise of Comp sci post pandemic) accountancy goes downhill then ISCA/ACRA buck up to save this industry by its vague marketing and making SCAQ more manageable (e.g. recent exemptions/APP) for the larger mass who may find pursuing it while working may be too overwhelming mentally and financially. And for us the past batches, all these support seem a bit too late and will not apply to us. Nvm...

Did not regret pursuing local uni Acc degree back then, but I felt this industry needs to be more rewarding instead of being a sunset for foreign talent to do it cheaper. Perhaps it will get better for new gen with all these support/marketing from ISCA/ACRA. I'm currently supervising an poly acc intern, I donno to cry for her anot, felt like i'm being a bad influence to her if keep on tell her to think twice if wanna go this path, but I also should not be contributing to the shortage of talent pipeline or else no more ppl to hire. Hais.

Thats why we need to do personal rebranding

Need to build hype

Sell myself as accountancy influencer

Im planning for a video - 13 types of audit associates in every audit firm