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Q: Big4 - Yearly salary increment

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  #221 (permalink)  
Old 29-10-2015, 11:49 PM
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It helps that they lowball you from the start, hence giving them allowance to give you "massive" increments of 500 and 1000.

If you start off at a 4k job, how to give you 1k increment after 2 years?
yea that's why i say first 5 years increment good. after that when u reach 'normal' wage it become the normal 4-5% increase every year.

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  #222 (permalink)  
Old 17-11-2015, 11:18 PM
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Default Pay range and grade for internal risk mgt staff in big 4

Hi, anyone can advice what is the pay like for internal risk mgt employee in big4? Would it be lower because it's not a client facing function?

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  #223 (permalink)  
Old 17-11-2015, 11:58 PM
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Hi, anyone can advice what is the pay like for internal risk mgt employee in big4? Would it be lower because it's not a client facing function?
Starting pay is about the same 2.7-2.8k, but support department bonus is lower @ ~1.5 months on average.

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  #224 (permalink)  
Old 18-11-2015, 12:03 AM
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What's a good career path for a FCH/SCL accountancy degree fresh grad?
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  #225 (permalink)  
Old 18-11-2015, 12:22 AM
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What's a good career path for a FCH/SCL accountancy degree fresh grad?
go for the banks, dun waste time on big4
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  #226 (permalink)  
Old 18-11-2015, 07:09 AM
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Default Pay range and grade for internal risk mgt staff in big 4

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Starting pay is about the same 2.7-2.8k, but support department bonus is lower @ ~1.5 months on average.
Oh but is the year on year "promotion" similar or slower? Also, able to advice on the jump in salary if promoted to senior exec and asst manager onwards? I went in as snr exec and they offered 3.2-3.5k
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  #227 (permalink)  
Old 18-11-2015, 10:48 AM
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Oh but is the year on year "promotion" similar or slower? Also, able to advice on the jump in salary if promoted to senior exec and asst manager onwards? I went in as snr exec and they offered 3.2-3.5k
Back office is much slower. Usually $150-200 for normal increment and promotion ~$500. Increment slows down to 4-5% once you hit manager level.
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  #228 (permalink)  
Old 18-11-2015, 02:06 PM
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I believe you guys are too focus with the salaries and forgot about benefits.

Associate is getting 2.9k to 3.1k as fresh grad currently.
Increment is about 400 to 500 per number change (AA2 to AA1, or G2 to G1, or whatever they call it)
Promotion between grade (Associate to Senior, or Senior to AM, and so on) is about 1k to 2k depending.
You do not need to be manager to know all these... talk to colleague and look at your own, u can do the maths to get the avg.

Yes, some of you might be urging about lower pay and $$$ is more important, but benefits are technically $$$ provided to you too!

Things like corporation card with customize logo, fully sub SQP/CA Singapore, fully paid medical, oversea secondment, their own building (PWC?), their exclusive clubhouse (KPMG?), claimable funding for healthcare (sports shoes, gym membership, dental), discount with partnered business entity, exclusive event (I believe KPMG just had their close door zouk party for Halloween or something).

There is also the title there, try telling your family that u work at some unknown company for 10k and they would go like "oh wow nice pay! not bad not bad!". Now try having someone telling them that they work for the world 4 largest auditing firm and holding 8k pay. Human by nature recognize title more than your pay level, or we won't have king, queen, master, lord and peasant cast title.

There are things $$$ can't get you, and that's the working community. if you are hired to be a toilet cleaner for 4k per month but u get to talk to no 1 and have no contact with anyone, u are not benefiting yourself in the long run. While getting a lower pay of 3k, u get to enjoy work life and corporate events, I would rather take this over toilet cleaning.

If you are looking for pure $$$ and not enjoying work, then everywhere u go is not enough for you. And at the end of the day, you are better off working as your own boss and starting a new business.

My 2 cent worth
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  #229 (permalink)  
Old 18-11-2015, 02:25 PM
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Default Pay for back office

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Back office is much slower. Usually $150-200 for normal increment and promotion ~$500. Increment slows down to 4-5% once you hit manager level.
Looks like it's time to go when you hit manager! Haha but do you $3.2-3.5 is fair for back office senior exec?
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  #230 (permalink)  
Old 18-11-2015, 04:48 PM
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Originally Posted by Do not need to know View Post
I believe you guys are too focus with the salaries and forgot about benefits.

Associate is getting 2.9k to 3.1k as fresh grad currently.
Increment is about 400 to 500 per number change (AA2 to AA1, or G2 to G1, or whatever they call it)
Promotion between grade (Associate to Senior, or Senior to AM, and so on) is about 1k to 2k depending.
You do not need to be manager to know all these... talk to colleague and look at your own, u can do the maths to get the avg.

Yes, some of you might be urging about lower pay and $$$ is more important, but benefits are technically $$$ provided to you too!

Things like corporation card with customize logo, fully sub SQP/CA Singapore, fully paid medical, oversea secondment, their own building (PWC?), their exclusive clubhouse (KPMG?), claimable funding for healthcare (sports shoes, gym membership, dental), discount with partnered business entity, exclusive event (I believe KPMG just had their close door zouk party for Halloween or something).

There is also the title there, try telling your family that u work at some unknown company for 10k and they would go like "oh wow nice pay! not bad not bad!". Now try having someone telling them that they work for the world 4 largest auditing firm and holding 8k pay. Human by nature recognize title more than your pay level, or we won't have king, queen, master, lord and peasant cast title.

There are things $$$ can't get you, and that's the working community. if you are hired to be a toilet cleaner for 4k per month but u get to talk to no 1 and have no contact with anyone, u are not benefiting yourself in the long run. While getting a lower pay of 3k, u get to enjoy work life and corporate events, I would rather take this over toilet cleaning.

If you are looking for pure $$$ and not enjoying work, then everywhere u go is not enough for you. And at the end of the day, you are better off working as your own boss and starting a new business.

My 2 cent worth
one can easily join a BB in the back office, and receive a starting pay taht a grad deserve - 4K.

benefits wise - 25 days of leave, compared to 14 for the stupid4, proper meal and taxi allowance unlike the stupid4.

medical? foc. dental? foc.

staff welfare? might be abit lacking (no clubhouse etc) but hey, does that matter when you spend 18hrs at work and work weekends? you never have to work weekends in a bank.

i always tell accounting grads, dont be a fool and join the stupid4 which underpays you. you are a professional, with a professional qualification (like a law degree). go for a company that values you as a person, not a slave
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