Q: Big4 - Yearly salary increment - Page 2092 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Q: Big4 - Yearly salary increment

Reply
 
Thread Tools
  #20911 (permalink)  
Old 03-11-2024, 01:36 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Cause we used to be AAA course la.
u dumb or?

It used to be AAA because of the prospect and growth
now IT starting salary already 5k
accountancy starting 3k+, now catching up but too late and still too low

Reply With Quote
  #20912 (permalink)  
Old 03-11-2024, 11:27 AM
EDMWer
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
u dumb or?

It used to be AAA because of the prospect and growth
now IT starting salary already 5k
accountancy starting 3k+, now catching up but too late and still too low
I spoke to young IT grads, nowadays everyone is an IT grad

IT will be accountancy in the future

It wont be long before the person who fixes office printer paper jam and topup A4 paper will be NUS First class honours IT grad

Reply With Quote
  #20913 (permalink)  
Old 03-11-2024, 11:36 AM
EDMWer
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
no one cares about isca or scaq
not sure how u think accountants should earn the same as doctors and lawyers
u comparing AAA to a CCC course

not sure why edmw so many paper generals
calling teo a president is just lol. u dont address people as such
I always stated that accountancy should earn at least 75% of doctors and lawyers earn

Its not possible to be the same as the barrier to entry and entry grades are different

The fees paid are different

Right now what i see is that alot of accountancy grads are stuck at 10k pay grade

The higher paying CFO roles will require MBA/CFA or Masters etc so CA alone not enough to bridge the problem

With this comment im also leaving out the top accountancy grads with FCH as its unrealistic for others to benchmark against them so they are likely to take all top financial positions available and have superscale high 6 digit salaries

The problem with SCAQ is that it was not needed in the first place

SCAQ is merely relearning university once more

If anything the only 2 modules that are needed is

1. IT transformation for process efficiency/cost savings and organisational IT setup for finance department
2. Data analytics for non-financial related metrics to optimise company performance



Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #20914 (permalink)  
Old 03-11-2024, 11:58 AM
Unregistered
Guest
 
Posts: n/a
Smile Audit is the best

Audit has transferable skills? What transferable skills are we talking about? Vouching? Analytical reviews? Issue review points? Managing both senior and junior staff? Wait, now managers are doing fieldwork because there’s no manpower.

You leave audit without any commercial knowledge, no understanding of accounting systems, and the only skill you have is picking samples and reviewing financial statements. Honestly, the quality of audits has declined so much that I think there’s a problem even with reviewing financial statements, let alone preparing them. There’s a reason locals don’t want to stay in audit—it’s because it takes away your life. Next thing you know, you’re in your mid-30s with nothing but a decent paycheck and feeling like a shell of your former self. You forget what having hobbies even feels like.

You think the commercial sector will hire you as a Financial Manager? You’re expensive but lack the necessary skills. You can’t leave audit because you’re too costly, and so you continue this life, year after year, until you’re in your mid-40s, realizing you missed your kids' birthdays and your parents' funerals.

Is it worth it to trade your life just to grow your salary to 8–9k? You stagnate unless you become partner. You can't leave—your skills are too generic and not specialized. Your day consists of trying to book staff, but no one joins, and all the competent seniors quit, assuming there even are any.

You look around and realize there are hardly any Singaporeans left—just Malaysians who speak broken Chinese, and you end up working just as many overtime hours because they're motivated by a 3:1 exchange rate, while your own is 1:1 at best. Eventually, you marry a Malaysian girl and pick up their strange Chinese accent.

What branding does Big 4 actually provide? Just leave as a senior if branding is that important. Whether you leave as a senior or manager, your branding is the same. And once you reach the senior level, your knowledge is on par with that of your managers, if you know what I mean.

As a manager, your skills start to deteriorate because you’ve lost touch with the excel work—you're too busy reviewing working papers all day. When you finally leave for a commercial role, you struggle to keep up because you haven't used Excel in so long. Your accountants and senior accountants look down on you—they don’t respect you as just a people manager who never contributes to the work itself.

The Big 4 doesn't pay you enough for the amount of hours you put in. Just do the math. Aren't accountants and auditors supposed to be good with numbers? Should I hire a McDonald's worker to do your job instead?

There’s a reason why seniors handle senior-level tasks and juniors handle junior-level ones. The speed at which you comprehend, the level of technical competency, your efficiency in testing, and the time spent on documentation all play a role in how late you work at night. And partners are lying to you that you are getting exposure.

At this point, there’s no distinction between peak and off-peak periods—it's peak season all year round unless you're underperforming and no one books you. When manpower is low, peak season is permanent. Clients have an entire year to manipulate their financials, but auditors have less than a month to review them.

Have you ever gone without sleep for days on end? Spent a whole week doing nothing but working and catching up on rest? Your weekends are consumed by catch-up work, and you take sick leave just to manage your backlog. Try doing that for months. Are you really willing to sacrifice your life just for "branding"? Branding for what? Commercial roles? The industry is flooded with Malaysians now, and salaries are being low balled.

You can’t apply for leave during peak periods. In fact, nowadays, you can’t apply for leave at all unless you get explicit approval from your manager. Are you okay with taking your laptop overseas? When you’re sick and on MC, does your workload shrink? The peers I worked with would spend their sick days working because clients and partners won’t wait for you to recover. There are statutory deadlines, group auditors to report to, and no one will wait for your health to recover.

Want to guess what happens if you miss those deadlines? Your entire year’s work could be undone during promotions. You’ll be left behind while some Malaysian with broken English gets promoted, not because he worked harder, but because his rented room in Woodlands is too small to OT and he cant even turn on the air conditioning before 10 PM.

Are Singaporean students so naive to think they can compete with these people? These Malaysians have left their families behind to compete with us locals, driven by a 3.5 exchange rate. Do you think it’s worth competing with them? They won’t bother mentoring you—they’d rather side with their own and dump all the heavy work onto you.

Now, let’s say you’re promoted to manager and decide to leave for a commercial role. You join an SME or an MNC as a Financial Manager. Here's the issue: competency is a problem. Your AR/AP executive is probably an ACCA drop out, holds a diploma, or has some Malaysian certification. You can't expect them to handle heavy lifting because their exposure to auditing and accounting is limited.

Your accountant will always be missing, especially before the year-end audit. They’re underpaid, have no growth opportunities, and face immense stress with a heavy workload. As a Financial Manager, you’ll struggle to find replacements unless you join an MNC with a strong reputation that attracts talent. You’ll be living on borrowed time—your performance as an FM will depend on how smoothly the audit goes. From March to December, you might experience work-life balance, but come January and February, when audits kick in, you’ll realize that your balance was just a ticking time bomb waiting to explode.

There’s no future in this industry. Malaysians have flooded the market by taking advantage of low entry barriers, and partners are too focused on maximizing returns. Now they’re panicking because the government is raising EP requirements. Do auditors really think their salaries should be determined by the whim of the government?

Don’t buy into the growth hype that people in Big 4 love to peddle. As long as you’re trading time for money, your hourly rate will be low. The long hours, lack of work-life balance, and high stress are simply not worth it. Just look at your managers—they’re stuck. Ask them why they haven’t left, and they’ll tell you they’re stuck.

What’s the point of a 1-month or 1.5-month bonus for "great performance"? How many jobs do you need to close for that bonus? Does the math add up? You could probably earn more doing GrabFood on weekends and ignoring your work—assuming, of course, you can even meet the bare minimum requirements to get promoted.
Reply With Quote
  #20915 (permalink)  
Old 03-11-2024, 05:09 PM
Unregistered
Guest
 
Posts: n/a
Default

Wt... bro and sis.. scrolling thru linkedin and noticed some ppl puting sg pr in their profile. New trend?? Lolll
Reply With Quote
  #20916 (permalink)  
Old 03-11-2024, 06:17 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Wt... bro and sis.. scrolling thru linkedin and noticed some ppl puting sg pr in their profile. New trend?? Lolll
must be those JHK malaysians
now PR competing with PR for jobs
poor malaysians
locals just sit at home collect rent
ez money
Reply With Quote

  #20917 (permalink)  
Old 03-11-2024, 06:19 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Wt... bro and sis.. scrolling thru linkedin and noticed some ppl puting sg pr in their profile. New trend?? Lolll
Maybe new for Big 4

but for tech people have always stated their citizenship, some jobs don't want to sponsor visa so it just makes the process easier for companies.

last time when I was applying to US companies I put "SG Citizen" in my resume.
Reply With Quote
  #20918 (permalink)  
Old 03-11-2024, 06:42 PM
EDMWer
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Wt... bro and sis.. scrolling thru linkedin and noticed some ppl puting sg pr in their profile. New trend?? Lolll
I got put my reservist occifer rank and reservist appointment inside my resume

In my company not NS officer cannot be manager
Reply With Quote
  #20919 (permalink)  
Old 03-11-2024, 10:45 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
u dumb or?

It used to be AAA because of the prospect and growth
now IT starting salary already 5k
accountancy starting 3k+, now catching up but too late and still too low
Why are you aggressive on the internet? There’s really no need to start a reply with “u dumb” even if you feel strongly about someone else comment

Says a lot about the kind of person you are.
Reply With Quote
  #20920 (permalink)  
Old 04-11-2024, 08:55 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Why are you aggressive on the internet? There’s really no need to start a reply with “u dumb” even if you feel strongly about someone else comment

Says a lot about the kind of person you are.
Accountancy is low end professional what.. what you expect from this calibre.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Salary Increment to be 5.2% Salary.sg Income and Jobs 1 25-09-2021 07:24 PM
Yearly increment Button Income and Jobs 29 06-01-2018 09:43 PM
Annual Increment for Civil Service 2011 bswuming87 Income and Jobs 4 10-04-2011 09:19 PM
Annual Increment 1nch3r Income and Jobs 0 12-11-2010 12:36 AM
Can your Increment beat Inflation? Salary.sg Investments and Net Worth 9 24-04-2008 03:37 PM

» 30 Recent Threads
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
7,206 Replies, 4,481,409 Views
Roles in accenture singapore ( 1 2 3... Last Page)
8,734 Replies, 2,970,743 Views
Lawyer Salary ( 1 2 3... Last Page)
22,223 Replies, 12,038,982 Views
GovTech ( 1 2 3... Last Page)
7,191 Replies, 3,133,840 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,673 Replies, 1,425,124 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
1,129 Replies, 658,395 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
1,148 Replies, 658,510 Views
Compare civil service salary ( 1 2 3... Last Page)
16,839 Replies, 14,174,029 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
3,569 Replies, 2,086,561 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,673 Replies, 966,926 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,510 Replies, 932,734 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
1,350 Replies, 701,969 Views
Need advice, employer not paying... ( 1 2 3)
21 Replies, 17,286 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
6,520 Replies, 5,426,955 Views
How is life as a doctor in... ( 1 2 3... Last Page)
10,139 Replies, 4,215,266 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
2,059 Replies, 1,843,844 Views
Workplace in Vital
3 Replies, 213 Views
ST Electronics ( 1 2 3... Last Page)
4,151 Replies, 1,950,116 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
21,543 Replies, 6,600,215 Views
DSO (under Mindef) ( 1 2 3... Last Page)
71 Replies, 88,389 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,958 Replies, 3,180,881 Views
Whats your net worth ( 1 2 3... Last Page)
2,969 Replies, 1,509,937 Views
Is my understanding of Gold ETF...
1 Replies, 957 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,572 Replies, 5,369,885 Views
SLA (Singapore Land Authority) ( 1 2 3... Last Page)
43 Replies, 39,513 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,836 Replies, 1,721,095 Views
Constituency Manager (People... ( 1 2 3... Last Page)
1,008 Replies, 908,638 Views
Mining Industry ( 1 2 3... Last Page)
81 Replies, 84,931 Views
HDB (under MND) ( 1 2 3... Last Page)
557 Replies, 693,368 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 01:14 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2