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13-10-2024, 12:33 PM
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Quote:
Originally Posted by Unregistered
Let’s cut through the noise here. The problem isn’t the industry, the workload, or the competition. It’s you. If you are feeling stuck, it is because you have allowed yourself to be. No one owes you a living. No one’s responsible for your progress but you. If you are not where you want to be, it’s because you haven’t earned it.
You have been sitting around blaming everything under the sun for your situation, but the truth is, you have done this to yourself. Successful people face the same challenges like hell, probably worse but they don’t waste time complaining. They adapt, they improve, and they keep moving forward. If you are still in the same place, it’s because you have coasted, expecting something to magically change. It hasn’t, and it won’t. And that’s why you are stuck.
If your skills have fallen behind, that’s your fault. If you are feeling worthless, maybe it’s because you haven’t put in enough to be worth more. No one owes you respect or progression. You have to earn it. And clearly, you haven’t. That’s why you are stuck, not because of anyone else but yourself.
Whining about the system, your colleagues, or whatever else you want to blame won’t change the fact that you didn’t step up. Everyone deals with the same ****. You either take responsibility for your own growth, or you stay exactly where you are blaming everything else but yourself. Some handle it and rise above, while others like you just spiral deeper into frustration. You have let yourself become the latter. Simple as that.
No one owes you anything. If you want more out of your life and career, then you have to take it. No one’s going to feel sorry for you, and no one’s going to fix it for you. Either you take ownership and stop feeling sorry for yourself, or you keep spiralling down into irrelevance.
Your choice, but don’t expect anyone to care if you choose the wrong path.
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Industry keep whining about falling enrollment, lesser pool of candidates, gen-z cmi, ppl should just suck up, cannot raise revenue etc
Mgmt doesn’t care, because there is always another pool of more hungry ppl who can do it more cheaply
It cut both ways
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13-10-2024, 12:53 PM
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Quote:
Originally Posted by Unregistered
Yawn. Boring everyday same old ppl complaining
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This forum is made up of millennials and 30+ year olds who are bitter that audit fell from one of the more prestigious sectors (only behind medicine, law etc) to a laughing stock that's avoided by most Gen Z and young millennials now due to its sweatshop reputation. They're still seething at the loss of prestige.
Hence, the incessant backward-looking reminiscence about the "good old days" and taking it out on the young people.
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13-10-2024, 01:15 PM
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Quote:
Originally Posted by Unregistered
lol what transferable skills u talking about? vouching? analytical review? issue review points? manage your senior and junior? wait now managers do field work cos no manpower.
you leave audit without any commercial knowledge, dont know accounting system, only know how to pick samples and check FS, wait nowadays audit quality so cui i think they got problem reviewing FS, yet alone do. there is a reason no locals want to do, its because no life. Next thing u know u are in your mid 30s with nothing but a decent pay check and you are but a shell. u forgot what hobbies are like. U think commercial want to hire u become FM? so expensive but no skills. U cant leave audit because u are too expensive and u continue this life until you are in your mid 40s and realize u missed out on your kids birthday, parents funeral.
u lost your life to grow your salary to 8-9k? worth it? and u stagnate unless u become partner. u cant leave. your skills are too generic and nothing specialized. u spend your day trying to book staff when no one joins and all your competent seniors quit, assuming there are any.
u look around you and realize there are no singaporeans, only malaysians who speak in broken chinese and you have to OT as much as them because they are motivated with 3:1 while your exchange rate is 1:1 at best. you end up marrying a malaysian girl and develop their weird chinese speaking accent.
What branding does big 4 provide? just leave as senior if branding is so important. whether u leave as manager or senior, u have your branding. and once u are a senior, your knowledge level is as good as your managers if u know what i mean.
your skills deteriorate once u are manager because u lost touch of how to use excel as you spend your days reviewing working paper only. when you leave for commercial, u realize u cannot cope because you havent been using excel for so long, your accountants and senior accountants look down and dont respect u for being just a people manager, but never help with work
big 4 doesnt pay your enough for the amount of hours u work. just count. aren't all accountants/ auditors good with numbers? must I get a mcdonald employee to do it for u
Theres a reason why seniors do senior level work and juniors do junior level work
The speed of comprehension, technical competency, speed of testing and documentation all plays apart. This will determine how late u sleep at night.
There is no difference between peak and off peak now. Its whole year peak unless u are bad. When u lack manpower, thats whole year peak for u.
Client have 1 year of cooking of the books to do their financials and auditor have less than a month to audit them
My dear student, have u tried not sleeping for days on end? have u tried doing nothing for an entire week but work and sleep? your weekends are burnt doing catch up, you take MC to catch up on back log. Try doing that for months? Are u ready to throw your life away for your branding? Branding to what? commercial? industry is invaded by malaysians by now, low balled to the sky.
You cannot apply leave during peak period, but nowadays u cannot apply leave at all if u are booked unless u get permission from your manager. are you ok with bringing your laptop overseas? when you fall sick and take MC, does your workload decrease? the peers i used to work with spend their sick days doing work. because client and partner ain't gonna wait for u to recover and continue, there are statutory deadlines to meet, group auditors to report to.
Wanna guess what happens if u miss those deadlines? Your entire year's worth of work will be gone during promotions, you will be left out and any broken english malaysian will be promoted all because he stayed in office. Not because he is working, but because his rented shared room in woodlands is too small and he cant on air con until after 10pm.
are you singaporean students so naive as to compete with them? These said malaysians are those who have abandoned their fams in malaysia to compete with us locals, driven by 3.5 exchange rate, do u think it is worth it to even compete with them? these malaysians won't bother teaching u associates, they would rather side their own and throw all the heavy work to you locals.
ok lets say u promote to manager and want to leave for commercial. FINALLY.
you join a random SME, MNC as FM.
I can tell you competency of people is an issue here. you AR/AP accounts executive is probably a ACCA study half way, diploma holder or some malaysian cert. you cant expect them to do any heavy lifting because their brain is just smaller. No exposure to audit experience.
Your accountant will always be missing. especially before the year end audit takes place. Underpaid, no growth opportunities, high stress, high workload. and you as the FM will have difficulty finding a replacement unless you join an MNC with a good reputation that people want to join. You will be living on borrowed time, meaning you performance as an FM/accountant will be based on how smooth the audit proceeds. You can have your work life balance from Mar to Dec, but every Jan to Feb when audit starts, you will realize that your work life balance is based on a ticking time bomb waiting to explode.
There is no future in this industry. Malaysians have screwed u all over by the low barrier of entry and our partners greed for high returns, that is why most of them are panicking now that our gov raise EP requirements. Do u auditors think your salary should be decided by the mere whimp of the government?
Dont believe the cool aid of what high growth BS people say about big 4. As long as you are trading time for money, your salary per hour is low. the long hours/ no work life balance/ high stress. totally not worth it. Just look at your managers, they are stuck. ask them why they have yet to leave, they are stuck.
What 1 month bonus? 1.5 month bonus? for great performance? how many jobs do u have to close for that 1.5 month high performance bonus? Does the math add up? u would earn much more by doing grab food on weekends and screw your jobs. thats assuming are able to close your jobs on time or just meet bare minimum promotion requirements
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I can tell you your english gave me cancer. Worse than Malaysian english. I think you just become security guard sua la
Primary School English Grammar and Vocabulary Drills
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SGX Stocks [Android] App - check latest share prices on the go
SGX Stocks [iPad] app | SGX Stocks [iPhone] app
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13-10-2024, 01:19 PM
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Quote:
Originally Posted by Unregistered
This forum is made up of millennials and 30+ year olds who are bitter that audit fell from one of the more prestigious sectors (only behind medicine, law etc) to a laughing stock that's avoided by most Gen Z and young millennials now due to its sweatshop reputation. They're still seething at the loss of prestige.
Hence, the incessant backward-looking reminiscence about the "good old days" and taking it out on the young people.
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Maybe. But as a senior banker i will always hire someone with at least 2-3 years accounting big 4 background in a junior-mid role as oppose to someone who is not.
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13-10-2024, 01:22 PM
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Quote:
Originally Posted by Unregistered
This forum is made up of millennials and 30+ year olds who are bitter that audit fell from one of the more prestigious sectors (only behind medicine, law etc) to a laughing stock that's avoided by most Gen Z and young millennials now due to its sweatshop reputation. They're still seething at the loss of prestige.
Hence, the incessant backward-looking reminiscence about the "good old days" and taking it out on the young people.
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Isn’t the current state of things also partially their fault to begin with? They are part of the system after all. Why take it out on the next generation who has nothing to do with it.
It’s like you go to shopping mall and complain it’s crowded - but you are exactly part of the crowd also.
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13-10-2024, 01:38 PM
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Quote:
Originally Posted by Unregistered
Maybe. But as a senior banker i will always hire someone with at least 2-3 years accounting big 4 background in a junior-mid role as oppose to someone who is not.
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As a piece of general advice, the street rules of the internet is that you don’t rely on real life credentials to make a point.
Try to make an argument without referencing your status as a senior banker.
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13-10-2024, 02:28 PM
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Quote:
Originally Posted by Unregistered
lol what transferable skills u talking about? vouching? analytical review? issue review points? manage your senior and junior? wait now managers do field work cos no manpower.
you leave audit without any commercial knowledge, dont know accounting system, only know how to pick samples and check FS, wait nowadays audit quality so cui i think they got problem reviewing FS, yet alone do. there is a reason no locals want to do, its because no life. Next thing u know u are in your mid 30s with nothing but a decent pay check and you are but a shell. u forgot what hobbies are like. U think commercial want to hire u become FM? so expensive but no skills. U cant leave audit because u are too expensive and u continue this life until you are in your mid 40s and realize u missed out on your kids birthday, parents funeral.
u lost your life to grow your salary to 8-9k? worth it? and u stagnate unless u become partner. u cant leave. your skills are too generic and nothing specialized. u spend your day trying to book staff when no one joins and all your competent seniors quit, assuming there are any.
u look around you and realize there are no singaporeans, only malaysians who speak in broken chinese and you have to OT as much as them because they are motivated with 3:1 while your exchange rate is 1:1 at best. you end up marrying a malaysian girl and develop their weird chinese speaking accent.
What branding does big 4 provide? just leave as senior if branding is so important. whether u leave as manager or senior, u have your branding. and once u are a senior, your knowledge level is as good as your managers if u know what i mean.
your skills deteriorate once u are manager because u lost touch of how to use excel as you spend your days reviewing working paper only. when you leave for commercial, u realize u cannot cope because you havent been using excel for so long, your accountants and senior accountants look down and dont respect u for being just a people manager, but never help with work
big 4 doesnt pay your enough for the amount of hours u work. just count. aren't all accountants/ auditors good with numbers? must I get a mcdonald employee to do it for u
Theres a reason why seniors do senior level work and juniors do junior level work
The speed of comprehension, technical competency, speed of testing and documentation all plays apart. This will determine how late u sleep at night.
There is no difference between peak and off peak now. Its whole year peak unless u are bad. When u lack manpower, thats whole year peak for u.
Client have 1 year of cooking of the books to do their financials and auditor have less than a month to audit them
My dear student, have u tried not sleeping for days on end? have u tried doing nothing for an entire week but work and sleep? your weekends are burnt doing catch up, you take MC to catch up on back log. Try doing that for months? Are u ready to throw your life away for your branding? Branding to what? commercial? industry is invaded by malaysians by now, low balled to the sky.
You cannot apply leave during peak period, but nowadays u cannot apply leave at all if u are booked unless u get permission from your manager. are you ok with bringing your laptop overseas? when you fall sick and take MC, does your workload decrease? the peers i used to work with spend their sick days doing work. because client and partner ain't gonna wait for u to recover and continue, there are statutory deadlines to meet, group auditors to report to.
Wanna guess what happens if u miss those deadlines? Your entire year's worth of work will be gone during promotions, you will be left out and any broken english malaysian will be promoted all because he stayed in office. Not because he is working, but because his rented shared room in woodlands is too small and he cant on air con until after 10pm.
are you singaporean students so naive as to compete with them? These said malaysians are those who have abandoned their fams in malaysia to compete with us locals, driven by 3.5 exchange rate, do u think it is worth it to even compete with them? these malaysians won't bother teaching u associates, they would rather side their own and throw all the heavy work to you locals.
ok lets say u promote to manager and want to leave for commercial. FINALLY.
you join a random SME, MNC as FM.
I can tell you competency of people is an issue here. you AR/AP accounts executive is probably a ACCA study half way, diploma holder or some malaysian cert. you cant expect them to do any heavy lifting because their brain is just smaller. No exposure to audit experience.
Your accountant will always be missing. especially before the year end audit takes place. Underpaid, no growth opportunities, high stress, high workload. and you as the FM will have difficulty finding a replacement unless you join an MNC with a good reputation that people want to join. You will be living on borrowed time, meaning you performance as an FM/accountant will be based on how smooth the audit proceeds. You can have your work life balance from Mar to Dec, but every Jan to Feb when audit starts, you will realize that your work life balance is based on a ticking time bomb waiting to explode.
There is no future in this industry. Malaysians have screwed u all over by the low barrier of entry and our partners greed for high returns, that is why most of them are panicking now that our gov raise EP requirements. Do u auditors think your salary should be decided by the mere whimp of the government?
Dont believe the cool aid of what high growth BS people say about big 4. As long as you are trading time for money, your salary per hour is low. the long hours/ no work life balance/ high stress. totally not worth it. Just look at your managers, they are stuck. ask them why they have yet to leave, they are stuck.
What 1 month bonus? 1.5 month bonus? for great performance? how many jobs do u have to close for that 1.5 month high performance bonus? Does the math add up? u would earn much more by doing grab food on weekends and screw your jobs. thats assuming are able to close your jobs on time or just meet bare minimum promotion requirements
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Bro I don't understand your English. You can't win that bro in that arguement. He sound more logical and able to explain his points.
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13-10-2024, 04:32 PM
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Quote:
Originally Posted by Unregistered
I think we still need SM and AM to do review work and not go down fieldwork audit. The reason is audit partners are in 60s 70s don't really review the working paper right?
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In big4, partners retire at the age of 60.
There are no partners in 60s or 70s.
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13-10-2024, 04:53 PM
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Quote:
Originally Posted by Unregistered
This is the dumbest comments i've seen so far.
1. Nordic countries taxes are one of the highest in the world. In denmark for e.g. the tax rate us 60% of your income. And since you are a foreigner there is very little to none tax rebates which means you pay full.
2. Cost of living in nordic countries are high. If you think food in Singapore is expensive, wait till you see nordic countries food prices. They don't have hawker centers or the concept. They have street food but even that cost double our hawker centers. Most people just cook and brownbag to the office
3. Don't be fooled by the "you can go home at 4pm". Nordic people value getting work done instead of asking you what time you go home. In other words, if there are audit to complete, you will still be expected to pull all nighters to "get it done".
4. As a salaried foreigner you do not get to enjoy most of the benefits as a local. In fact refugees from arab and africa get more benefits than salaried foreigners
5. It is now very unsafe in nordic countries due to the mass influx of refugees and assylum seekers. I'm sure you are aware of the stabbing in the news. Walking alone at night is a no-no.
6. The culture, the food and customs are so different. While its great going there for a few months to a year, any longer and you will feel isolated. Nordic people are culturally very tribal. You will not fit in.
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1) If you fulfill the tax resident requirement for Nordic countries you can avail yourself to tax resident benefits
Besides that both SG and Nordic countries have DTA agreements and Foreign tax credits offset schemes available for all parties
You can use norway as example instead as norway has lowest tax compared to sweden and denmark
2) Bro, you literally have 3 hours to cook after leaving work at 4pm and nordic food is very simple to make like what you see at IKEA restaurant
You only need to buy chicken wings,meatball & salmon and put some magic sauce then can eat liao
3) yes but you get your coveted work life balance and welfare in return
In SG you will be milked on off peak periods .
Singapore aint altruistic society lol..literally SG is one whole SME culture unless you are fortunate enough to work for ang moh MNC
4) sg also got gangsters..all the ah tan side ex fighter etc
Most nordic countries dont have gang problem
5) the weather in SG is warm , in nordic countries u step out and save on aircon bill since nordic countries is on aircon 24/7 for most of the year except for summer
6) singaporeans still go IKEA restaurant with long queue even though the menu is stale without change as hell bro
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