Q: Big4 - Yearly salary increment

partner is just title for corpies outside of audit world have such things as hr business partner

Originally Posted by Unregistered

Which firm has a resourcing partner?

The head of resourcing in my firm is not even a partner.

Its not a HR person lol. Its the partner in charge of allocating which ppl to which jobs, together with admin and main partner for people matters. She also has her own audit engagements. This is like one of her side responsibilities

Originally Posted by Unregistered

Its not a HR person lol. Its the partner in charge of allocating which ppl to which jobs, together with admin and main partner for people matters. She also has her own audit engagements. This is like one of her side responsibilities

Isn't this person really powerful?

Can't this person assign all good people to own job?

Originally Posted by Unregistered

Isn't this person really powerful?

Can't this person assign all good people to own job?

yea, but FSO partners/managers work together. Like managers can request who they want on their jobs and it will be taken into consideration.

I also have some friends who approach this partner when they were booked into an engagement with very toxic team. Then the partner listen to them and reallocate them to other jobs. I very admire my friends guts. Like they just A1/A2 but they directly approach the partner and ask to be changed to different job. Then the partner also got listen to their concerns (cause the toxic senior already got bad reputation one....So the partner also already got many complaints one...)

What about KPMG Accounting Advisory Services? Anyone has any info on what they do, and their hours? Doesn't seem like accounting memos would have much demand

Originally Posted by Unregistered

What about KPMG Accounting Advisory Services? Anyone has any info on what they do, and their hours? Doesn't seem like accounting memos would have much demand

Better pay, better hours, better hours. Only cons is smaller team but also promote every year if no **** up

Originally Posted by Unregistered

Its not a HR person lol. Its the partner in charge of allocating which ppl to which jobs, together with admin and main partner for people matters. She also has her own audit engagements. This is like one of her side responsibilities

TLDR; the role is like Hawkeye in Avengers

Originally Posted by Unregistered

What about KPMG Accounting Advisory Services? Anyone has any info on what they do, and their hours? Doesn't seem like accounting memos would have much demand

Not from KPMG but I’m familiar with Accounting Advisory in general.

As the name suggests, you are technical consultant to clients, advising them on classification and treatment of transactions - often this is before the transactions occur so it’s like only a proposed transaction. (After the transaction is over, the auditors will advise and pass adjustment if client do wrongly anyway)

Projects may include advice over:
- PPE Capitalise or Expense
- Financial Instruments : Debt or Equity
- Classification - FVPL or FVOCI
- Leases - modification of contracts
- Revenue - complex structure
- Business Combination
- Employee Stock Options

And there are some obscure and niche accounting standards you might not be familiar with from school. So always learning new things is the “fun” part of the job if you are a bit nerdy like me who likes reading standards.

You will work closely with the Deals Advisory team (eg client going for M&A, or raising funds), and the Tax team (many investment / fund related transactions will also have tax implications). You may also work closely with the financial instruments team if the client need to measure the fair value of the instruments.

External Accounting Memos are quite hard to write because you need to assume the reader doesn’t know any background at all (that’s why they paying you).

Not sure about KPMG but in smaller firms you may also support your firms auditor. That one is much easier because the auditors are more knowledgeable in general but annoying when they look for you very last minute and make you OT.

Hours are generally better than audit (no such nonsense as working to 3am) but you will feel very annoyed because projects are all ad-hoc. So you could be thinking it’s a chill week and making dinner plans, only to have new work come in and have to cancel cause you need to OT to 10pm.

Also the teams tend to be quite small, so any sudden resignations or MC will affect your workload and you may need to stagger leave with your colleagues.

Originally Posted by Unregistered

Not from KPMG but I’m familiar with Accounting Advisory in general.

As the name suggests, you are technical consultant to clients, advising them on classification and treatment of transactions - often this is before the transactions occur so it’s like only a proposed transaction. (After the transaction is over, the auditors will advise and pass adjustment if client do wrongly anyway)

Projects may include advice over:
- PPE Capitalise or Expense
- Financial Instruments : Debt or Equity
- Classification - FVPL or FVOCI
- Leases - modification of contracts
- Revenue - complex structure
- Business Combination
- Employee Stock Options

And there are some obscure and niche accounting standards you might not be familiar with from school. So always learning new things is the “fun” part of the job if you are a bit nerdy like me who likes reading standards.

You will work closely with the Deals Advisory team (eg client going for M&A, or raising funds), and the Tax team (many investment / fund related transactions will also have tax implications). You may also work closely with the financial instruments team if the client need to measure the fair value of the instruments.

External Accounting Memos are quite hard to write because you need to assume the reader doesn’t know any background at all (that’s why they paying you).

Not sure about KPMG but in smaller firms you may also support your firms auditor. That one is much easier because the auditors are more knowledgeable in general but annoying when they look for you very last minute and make you OT.

Hours are generally better than audit (no such nonsense as working to 3am) but you will feel very annoyed because projects are all ad-hoc. So you could be thinking it’s a chill week and making dinner plans, only to have new work come in and have to cancel cause you need to OT to 10pm.

Also the teams tend to be quite small, so any sudden resignations or MC will affect your workload and you may need to stagger leave with your colleagues.

What are the exit opportunities? Is the promotion almost as certain as compared to Audit?

Originally Posted by Unregistered

What are the exit opportunities? Is the promotion almost as certain as compared to Audit?

Exit ops are similar to audit but somehow my observation is we are ranked lower than audit. Which has always been weird to me because in the firm we are higher than auditors who consider us the technical experts.

We have other doors in the transactions side of the world, rather than just reporting.

Promotion depends on your firm. Because the teams tend to be smaller, sometimes there are bottle necks in vacancies. The easiest way to get promoted is when you step up to do the higher grade work but some people hate this method cause you’re working beyond your pay for some time.

Generally if you don’t mess up, you will be considered once a year. But every batch for last 3 years got that 1 person that didn’t make it lol…. Just don’t be that guy.