Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

May I confirm if big 4 really do not offer the 13th month bonus? Do they give high performance bonus in compensation?

All big 4 do not give 13 mth. Performance bonus range from 0.5-2 mth depending on individual.

Originally Posted by Unregistered

All big 4 do not give 13 mth. Performance bonus range from 0.5-2 mth depending on individual.

Second that.

Really a joke that such big companies don't pay 13th month.

May I also check if one will take a substantial pay cut when moving from big 4 to commercial. Seems like big 4 really a sweatshop. 12.5 to 14 mths pay package, low starting pay and long hrs. They really did a good job in conning naive brand conscious fresh grads.

are the discussions above mainly about audit? what about advisory? bonuses/pay any better?

Originally Posted by Unregistered

are the discussions above mainly about audit? what about advisory? bonuses/pay any better?

Advisory roughly the same. Some firms offer a bit higher, others the same.

Originally Posted by Unregistered

Second that.

Really a joke that such big companies don't pay 13th month.

wake up.

y should you be entitled to a 13th month when you dont work 13 months?

gov sectors pay 13th month to "cover" for hte extra man days. that was because in the past they used to work 5.5 days

What I heard from my friends from Big4 is that their starting pay is low but give big increases every year that after 10 years if you are high performer can already reach 15k+ with bonus up to 9-10 months, so total pay can go >300k.

Originally Posted by Unregistered

What I heard from my friends from Big4 is that their starting pay is low but give big increases every year that after 10 years if you are high performer can already reach 15k+ with bonus up to 9-10 months, so total pay can go >300k.

thats IF you reach partner. if you dont, its over.

only 5% of the cohort or less make partner. usually these are identified from almost year 1.

pls also note that big4 only hires from our local unis - pay and career progression are different for sim/sim-uol/unisim/sim-whatever-they-have

Originally Posted by Unregistered

wake up.

y should you be entitled to a 13th month when you dont work 13 months?

gov sectors pay 13th month to "cover" for hte extra man days. that was because in the past they used to work 5.5 days

number of weeks in a year = 52

52/4 = 13 months

if you receive your salary weekly, you get paid for 52 weeks. but if you receive your salary monthly, you get paid only for 48 weeks.

do you understand? or is this too complex for you?

Originally Posted by Unregistered

What I heard from my friends from Big4 is that their starting pay is low but give big increases every year that after 10 years if you are high performer can already reach 15k+ with bonus up to 9-10 months, so total pay can go >300k.

What you describe is not high performer, more like super top performer, maybe 1 in the every year's recruitment cohort.

The typical Big4 progression is not even remotely close to what you are describing. 10 years exp is like 31/32 yo for female or 34/35 yo for local male with NS to reach partner level.

For those who reach partner (i.e. top 5% of the cohort), the average age to get partnership is early to mid 40s.