Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

I can go on to show u more ppl that are top FCH in the cohort working in big 4

see below:

s://.linkedin.com/pub/matthew-hoe/3a/26a/214

Valedictorian 2014 for both business school and mechanical engineering school in NUS working in pwc.

There are a lot of Magna and FCH so don't anyhow mislead ppl.

somemore :

s://sg.linkedin.com/in/terryngsimyee

FCH in NUS +dean's list for all semesters.. etc.

many more of these kind of ppl... just do a linkedin search la....

And your pt is? When have I ever said that people who are best in studying for exam don't go big4?

Just because some engineering NUS valedictorian go into big 4 it means they are better than MBB or BB FO in terms of pay & prestige? Why don't you go ask some proper headhunter in the market and see if a consulting associate from PWC and Mackenzie is the same see if anyone believe?

Originally Posted by Unregistered

Wow that's one ugly dude

yea my first thought as well. though not political correct to comment on looks, but if the touched up cv photo already like that, in real life even more jialat.... no way he's gonna make it to mbb or ib front office.

Originally Posted by Unregistered

I can go on to show u more ppl that are top FCH in the cohort working in big 4

see below:

s://.linkedin.com/pub/matthew-hoe/3a/26a/214

Valedictorian 2014 for both business school and mechanical engineering school in NUS working in pwc.

There are a lot of Magna and FCH so don't anyhow mislead ppl.

somemore :

s://sg.linkedin.com/in/terryngsimyee

FCH in NUS +dean's list for all semesters.. etc.

many more of these kind of ppl... just do a linkedin search la....

This guy is missing the point. Of course there are FCH grads going into Big 4, I know many. It doesn't change the fact that a Big 4 job is still less prestigious than a job in other consulting firms or banks.

Let's not even talk about the pathetic pay for most people who never manage to make partner. After working 6 years at a Big 4, you can still qualify for a BTO flat with your partner, assuming both of you work in a Big 4.

Originally Posted by Unregistered

This guy is missing the point. Of course there are FCH grads going into Big 4, I know many. It doesn't change the fact that a Big 4 job is still less prestigious than a job in other consulting firms or banks.

Let's not even talk about the pathetic pay for most people who never manage to make partner. After working 6 years at a Big 4, you can still qualify for a BTO flat with your partner, assuming both of you work in a Big 4.

I am surprise this is even a topic for debate. A MBB management associate fresh grad goes in at 5-8k on a 18-20 months annual package. The same for a Big 4 consultancy side is just 3 - 3.5k on 14-15 months annual. What is there to compare? They ain't even in the same league.

The fact that some FCH from local unis enter Big 4 is a well know fact, but it doesn't change the vast difference in starting pay levels and social standing between real management consultancies / investment banking and Big 4.

I have nothing against Big 4 and think it's a good stepping stone for people who like accounting or auditing and most with Big 4 experience do quite ok as far as a PME career is concerned, but to somehow imply that it is on par with high finance like MBB, IB, PB etc. is just ludicrous.

Originally Posted by Unregistered

I am surprise this is even a topic for debate. A MBB management associate fresh grad goes in at 5-8k on a 18-20 months annual package. The same for a Big 4 consultancy side is just 3 - 3.5k on 14-15 months annual. What is there to compare? They ain't even in the same league.

The fact that some FCH from local unis enter Big 4 is a well know fact, but it doesn't change the vast difference in starting pay levels and social standing between real management consultancies / investment banking and Big 4.

I have nothing against Big 4 and think it's a good stepping stone for people who like accounting or auditing and most with Big 4 experience do quite ok as far as a PME career is concerned, but to somehow imply that it is on par with high finance like MBB, IB, PB etc. is just ludicrous.

Cheers to another like-minded person here.

Use Big 4 as a stepping stone and you will go far. Don't fall into the "become a partner" trap that Big 4 tries to sell you. In reality, even a A performer may not become partner due to various reasons, such as no partner slots open. Of course if you are lucky and joined at a time when a partner will be retiring just as you approach partner level, you may jolly well find yourself getting the partnership.

Originally Posted by Unregistered

Cheers to another like-minded person here.

Use Big 4 as a stepping stone and you will go far. Don't fall into the "become a partner" trap that Big 4 tries to sell you. In reality, even a A performer may not become partner due to various reasons, such as no partner slots open. Of course if you are lucky and joined at a time when a partner will be retiring just as you approach partner level, you may jolly well find yourself getting the partnership.

big 4 advisory is not the real advisory/consulting.

they do mostly due diligence - the bankers and consultants do the real work.

Originally Posted by Unregistered

Cheers to another like-minded person here.

Use Big 4 as a stepping stone and you will go far. Don't fall into the "become a partner" trap that Big 4 tries to sell you. In reality, even a A performer may not become partner due to various reasons, such as no partner slots open. Of course if you are lucky and joined at a time when a partner will be retiring just as you approach partner level, you may jolly well find yourself getting the partnership.

big 4 partner is not even comparable to mbb or banking md. a jr partner in big 4 only get 200-250k inc bonus whereas banking jr md makes 2-3x that.

Originally Posted by Unregistered

big 4 advisory is not the real advisory/consulting.

they do mostly due diligence - the bankers and consultants do the real work.

Big 4 transactions advisory is financial due diligence, true. basically accountants doing book-keeping and valuation for M&A etc., and making sure nothing screws up numbers-wise before the deal is closed. Far less glamorous than what its name implies.

The real "transactions advisory" are done by the suits in Lazard or Goldman Sachs.

In America, I think Big 4 also offers a lower tier of strategy/management consulting services. Certainly they can't compete in prestige with MBBs and powerhouse boutique consulting shops. But they've been making inroads into consulting by buying up some boutique firms wholesale, e.g. PwC buying Booz & Co.

In singapore, for obvious reasons such as market size and undeveloped corporate culture, true strategy/management consulting offering by the Big 4 is non-existent? someone correct me if i'm wrong.

so overall globally, for big 4, there are vast differences in prestige/offerings that vary from country to country. they will always be seen as the not top tier, but fairly decent PMET position to land. i think this public perception is true in most mature economies.

globally, the Big 4 are trying to raise their prestige level though, by buying up consulting firms as mentioned above, and even muscling into legal services

Originally Posted by Unregistered

Big 4 transactions advisory is financial due diligence, true. basically accountants doing book-keeping and valuation for M&A etc., and making sure nothing screws up numbers-wise before the deal is closed. Far less glamorous than what its name implies.

The real "transactions advisory" are done by the suits in Lazard or Goldman Sachs.

In America, I think Big 4 also offers a lower tier of strategy/management consulting services. Certainly they can't compete in prestige with MBBs and powerhouse boutique consulting shops. But they've been making inroads into consulting by buying up some boutique firms wholesale, e.g. PwC buying Booz & Co.

In singapore, for obvious reasons such as market size and undeveloped corporate culture, true strategy/management consulting offering by the Big 4 is non-existent? someone correct me if i'm wrong.

so overall globally, for big 4, there are vast differences in prestige/offerings that vary from country to country. they will always be seen as the not top tier, but fairly decent PMET position to land. i think this public perception is true in most mature economies.

globally, the Big 4 are trying to raise their prestige level though, by buying up consulting firms as mentioned above, and even muscling into legal services

seriously who gives a **** whether big 4 buying firms or real consulting or prestige or whatever. focus on the the $$$ ppl. they can buy whatever they want to increase prestige or muscle mbb but if they continue to pay u 3k ur just a low paid peon end of day.

Originally Posted by Unregistered

seriously who gives a **** whether big 4 buying firms or real consulting or prestige or whatever. focus on the the $$$ ppl. they can buy whatever they want to increase prestige or muscle mbb but if they continue to pay u 3k ur just a low paid peon end of day.

You will be surprise - many of the younger staff are very into this sort of thing. They like to feel good share their "prestigious" name cards in front of friends and relatives, put if on facebook/linkedin etc.

Companies are very clever nowadays. So they hype up on soft things like that so that they can get away with paying these people lousy wages. That is how Big 4 has been able to get away with paying their auditors and associates peanuts and milk them like a cow for long hours.