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Q: Big4 - Yearly salary increment

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  #2231 (permalink)  
Old 21-08-2021, 09:36 PM
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Well it is a numbers game after all. At SM level, there are literally only that few left in every batch so the odds are definitely higher. Although if given the chance again, i would definitely not choose audit.

The mistake alot of us made was that we didnít consider other career options when we were given the big 4 job offers during year 2 of our uni years. I would encourage the current uni students to consider careers in civil service and MNCs and attend as many interviews as possible. Donít give up your job hunts just because you have a big 4 offer. A big bad career move.

Seems like it is true a SM should not attend this forum which is made up of immature kids. My last post here. All the best to the rest. Please leave audit if you have the chance. It will only get worse from here.
I am a former Big 4 employee. No regrets working in Big 4 but the environment is not for me. Most people are workaholics and weird but I don't blame them cause there are too many unreasonable deadlines and demands. I will still recommend people to try audit but please get out once you have obtained the Senior title. 2-3 years experience should be fine.

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  #2232 (permalink)  
Old 22-08-2021, 08:14 AM
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Young kid, in case you donít know, assurance is essentially a client facing role. At managerial level, you are managing different accounts with all the unreasonable clients and partners. A person with the behaviours of an outcast, even if he is a hard worker, wont be able to survive past m1 simply because he lack the social skills. In fact, i dare say most of the audit managers have high eq as compared to the management you saw on the client side.

We do discuss the performance of the staff during admin meeting which we will only share with the affected staff but we do not discuss the specific salary range even though HR do attend our admin meeting. You need to appreciate the fact that salary matters are really P&C.
Are you an SM or higher?

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  #2233 (permalink)  
Old 22-08-2021, 04:20 PM
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Answering random questions so far.

1) ACN joining Yellow
Yes, it happens. Some of my colleagues came from ACN. Some mentioned that culture is better ( I am not sure if I should believe them), others cause Yellow wants to build up Tech Consulting so offers them a promotion in rank (M in ACN is SM in Yellow). Also promotions are faster here than ACN. (Like for like, pay there is definitely better)

2) Knowing salaries before they are out
Been here a few years, but never knew until the official news is out I don't really discuss salary, also the range in my band is quite high. Also once you hit a certain age (mid 30s ) nobody really compared salaries anymore, cause it depends on your skills etc and not salary band that really determines your salary.


3) Why I am still in Big4 Consulting?
I'm looking for exit opportunities, but am more selective . No point jumping to a dead end job in a bank doing ops *shudders* if you can still find interesting work. I interviewed for a bank (in-house consulting) but the job scope described was " closing any reg issues identified by IA" which is hella boring compared to the work I do now.



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  #2234 (permalink)  
Old 22-08-2021, 08:33 PM
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sometimes i find it tiring to distinguish the trolls... anyway the news for salary will be out very soon...for yellow this year. In the past it always sept.
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  #2235 (permalink)  
Old 22-08-2021, 09:42 PM
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I am a former Big 4 employee. No regrets working in Big 4 but the environment is not for me. Most people are workaholics and weird but I don't blame them cause there are too many unreasonable deadlines and demands. I will still recommend people to try audit but please get out once you have obtained the Senior title. 2-3 years experience should be fine.
Sounds bad. So why do you still recommend?
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  #2236 (permalink)  
Old 22-08-2021, 09:46 PM
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Heard yellow increment not bad tis yr. Can someone update tmr?
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  #2237 (permalink)  
Old 22-08-2021, 10:45 PM
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Sounds bad. So why do you still recommend?
Big 4 brand name is good for the resume
Good exposure to wide variety of clients.

Nothing else besides that.

Work from home makes the big 4 experience slightly bearable but that might be disappearing soon.

So just get the senior title and leave 1-2 months after promotion to senior before the horrible peak season. More adventurous ones can contemplate to stay for 1 more busy season as senior.
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  #2238 (permalink)  
Old 22-08-2021, 11:03 PM
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Heard yellow increment not bad tis yr. Can someone update tmr?
Is it better than Blue?

Cause to my knowledge now, Blue is leading by so much in the compensation aspect for SCA qualified auditors.
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  #2239 (permalink)  
Old 22-08-2021, 11:18 PM
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orange announced increment ?
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  #2240 (permalink)  
Old 22-08-2021, 11:35 PM
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orange announced increment ?
Orangeís promotion cycle is effective 1 July every year.
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