Q: Big4 - Yearly salary increment - Page 28 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Q: Big4 - Yearly salary increment

Reply
 
Thread Tools
  #271 (permalink)  
Old 30-11-2015, 11:50 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
The 2.8k pay is blanket across the board.

PwC - 2850 not sure if it comes with signing bonus
Deloitte - 2850 with 2000 signing bonus
KPMG - 2900 iirc, 3500 for first class
EY - 2850

Don't be fooled by the Strategy& or Parthenon acquisitions. It's solely from a branding perspective. PwC and EY now sell their strategy work under S& and Parthenon-EY. Due to the partnership model and the nature of the M&A, mostly only major markets like US/UK/JP are affected and monetary benefits goes to the acquired.

But if you do a quick LinkedIn search, the calibre at the strategy side are pretty decent, many MBBs so it still remains to be seen if they will become a force within the next few years.
I am more shocked by the paltry bonus amounts (1.5 to 2 months, no 13th month) than low starting pay. I can still semi understand if their operating model is to give lower starting basics with health annual increments and filter out people who drop out along the way.

There is simply no excuse for a audit/consulting firm that charges an arm & a leg to give the grunts on the ground a 13.5 - 14 month package. I mean come on, even civil service average C+ performers are able to get a 15.9 month package not to even mention better monthly basic salaries.

Either the Big 4 is so good at marketing themselves as top prestigious elite here in SG or else I can only conclude most of our local grads are really dumb beyond belief to accept this kind of crap package for the lousy working hours.

Reply With Quote
  #272 (permalink)  
Old 30-11-2015, 12:52 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post

Either the Big 4 is so good at marketing themselves as top prestigious elite here in SG or else I can only conclude most of our local grads are really dumb beyond belief to accept this kind of crap package for the lousy working hours.
No la, I am from a local uni biz school. I can assure you that big 4 is for the lowest of the low, and the worst of the lot typically head there because they have no options.

You will find no one bragging about their offer to big 4. It's a complete joke.



Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #273 (permalink)  
Old 30-11-2015, 12:57 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
No la, I am from a local uni biz school. I can assure you that big 4 is for the lowest of the low, and the worst of the lot typically head there because they have no options.

You will find no one bragging about their offer to big 4. It's a complete joke.


Two of you talking rubbish!

You need big 4 experience plus CA certification to be a future CFO of multinational firms. This has proven to be the most convenient method. Unless one expires to be a successful banker or fund manager, entering big 4 is the way to go.

Reply With Quote
  #274 (permalink)  
Old 30-11-2015, 01:01 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Two of you talking rubbish!

You need big 4 experience plus CA certification to be a future CFO of multinational firms. This has proven to be the most convenient method. Unless one expires to be a successful banker or fund manager, entering big 4 is the way to go.
Must be either an SIM or big 4 loser talking..

You do not "need" (oh gosh, even putting it down as a need is a joke) big 4 experience to be a future CFO of a multinational firm. Don't talk crap pls, the caliber of big 4 losers is so apparent.

There are many other programs like GE FMP or other FLDP which are way better in guiding an individual to becoming a CFO.
Reply With Quote
  #275 (permalink)  
Old 30-11-2015, 02:45 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I am more shocked by the paltry bonus amounts (1.5 to 2 months, no 13th month) than low starting pay. I can still semi understand if their operating model is to give lower starting basics with health annual increments and filter out people who drop out along the way.

There is simply no excuse for a audit/consulting firm that charges an arm & a leg to give the grunts on the ground a 13.5 - 14 month package. I mean come on, even civil service average C+ performers are able to get a 15.9 month package not to even mention better monthly basic salaries.

Either the Big 4 is so good at marketing themselves as top prestigious elite here in SG or else I can only conclude most of our local grads are really dumb beyond belief to accept this kind of crap package for the lousy working hours.
IIRC, EY bonus schemes is 0, 0.5, 2 and 4 months bonus for sub manager. Not sure about above.
Reply With Quote
  #276 (permalink)  
Old 30-11-2015, 04:21 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Must be either an SIM or big 4 loser talking..

You do not "need" (oh gosh, even putting it down as a need is a joke) big 4 experience to be a future CFO of a multinational firm. Don't talk crap pls, the caliber of big 4 losers is so apparent.

There are many other programs like GE FMP or other FLDP which are way better in guiding an individual to becoming a CFO.
this is the most successful myth by the big4 recruitment so far - telling freshies that big4 is 'compulsory' in a finance career. many of my friends complain about long hours, lousy pay & bonus, no training etc. and how they stay only because it is 'paying school fees' for a better career in the future.

truth is one is better off starting off as a finance exec in a fortune 100 big mnc and moving up the ranks then slave for 4-5 years in a big4 then join as accountant. lets not even talk about those who are good enough to join graduate programs, after 5 years light years ahead of your typical big4 'manager'.
Reply With Quote

  #277 (permalink)  
Old 30-11-2015, 04:35 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
this is the most successful myth by the big4 recruitment so far - telling freshies that big4 is 'compulsory' in a finance career. many of my friends complain about long hours, lousy pay & bonus, no training etc. and how they stay only because it is 'paying school fees' for a better career in the future.

truth is one is better off starting off as a finance exec in a fortune 100 big mnc and moving up the ranks then slave for 4-5 years in a big4 then join as accountant. lets not even talk about those who are good enough to join graduate programs, after 5 years light years ahead of your typical big4 'manager'.
yeah, that's why the top finance students won't go to big 4. There are many better ways to learn the ropes and climb up the corporate ladder. The salary increments are also way higher. Big 4 is a stupid sweatshop for those who CMI.
Reply With Quote
  #278 (permalink)  
Old 30-11-2015, 05:20 PM
Unregistered
Guest
 
Posts: n/a
Default

Big 4 is a good place to be exposed to a variety of work. This is simply because they offer professional services, hence staff will work on multiple projects throughout the year with varying challenges.

Straight route into commercial is also possible but you lose out a bit on the exposure. Eg if you go into a bank, you only learn about financial industry. Those in Big 4 are exposed to financial, manufacturing, FMCG, etc.

There are many finance managers outside who have previous experience in Big 4. Of course, there are also many who have been in commercial all the way.
Reply With Quote
  #279 (permalink)  
Old 30-11-2015, 09:19 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Big 4 is a good place to be exposed to a variety of work. This is simply because they offer professional services, hence staff will work on multiple projects throughout the year with varying challenges.

Straight route into commercial is also possible but you lose out a bit on the exposure. Eg if you go into a bank, you only learn about financial industry. Those in Big 4 are exposed to financial, manufacturing, FMCG, etc.

There are many finance managers outside who have previous experience in Big 4. Of course, there are also many who have been in commercial all the way.
This is another common marketing hype - "exposure". What's the use of all these exposure if you end up working crazy hours with piss poor remuneration and get something of doubtful value to convert to high paying cushy corporate job in the future?

Would a bank looking for an accountant be impressed by the fact that you had exposure in another 5 industries? I doubt so. They are looking at people who can deliver and pick up the slack asap. Would a global MNC be impressed with your so called multi industry exposure that they place you ahead of their own grad programs? I doubt so.

Also realistically what sort of exposure can a big 4 junior grunt get being a nomad doing ad-hoc work from 1 company to another?

I am not looking down on big 4 staff per se, just challenging all these common buzz words that are thrown around by recruiters and fresh grads without much corroboration with facts on the ground.

My personal observation is that despite all that hype about the need to 'sacrifice' 4-5 prime years of your life to get a comfy finance job in the future, big 4 'students' don't actually fare better than corporate finance exec direct hires in any meaningful way. If we compare them to big MNCs with MAP, they fare considerably worse off if you compare pay / rank with like for like working year.
Reply With Quote
  #280 (permalink)  
Old 30-11-2015, 09:33 PM
Unregistered
Guest
 
Posts: n/a
Default

exactly, big mncs with MAP or grad programs like GE, Unilever, P&G etc have no need for big 4 guys to come in with their "exposure".

in fact, they typically practice promoting from within except for specialized roles like tax.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Salary Increment to be 5.2% Salary.sg Income and Jobs 1 25-09-2021 07:24 PM
Yearly increment Button Income and Jobs 29 06-01-2018 09:43 PM
Annual Increment for Civil Service 2011 bswuming87 Income and Jobs 4 10-04-2011 09:19 PM
Annual Increment 1nch3r Income and Jobs 0 12-11-2010 12:36 AM
Can your Increment beat Inflation? Salary.sg Investments and Net Worth 9 24-04-2008 03:37 PM

» 30 Recent Threads
Roles in accenture singapore ( 1 2 3... Last Page)
5,277 Replies, 1,072,669 Views
How is life as a doctor in... ( 1 2 3... Last Page)
4,144 Replies, 2,023,335 Views
Lawyer Salary ( 1 2 3... Last Page)
17,508 Replies, 6,785,280 Views
Comp Science Frsh Grad Salary ( 1 2 3... Last Page)
642 Replies, 172,823 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,217 Replies, 931,512 Views
DSTA or CSIT ( 1 2)
14 Replies, 22,813 Views
Compare civil service salary ( 1 2 3... Last Page)
14,672 Replies, 9,312,959 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,094 Replies, 3,046,423 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
8,738 Replies, 2,653,182 Views
Career as Teacher ( 1 2 3... Last Page)
5,868 Replies, 3,714,054 Views
ST Electronics ( 1 2 3... Last Page)
3,027 Replies, 909,122 Views
For those with 2-5 YOE, what is... ( 1 2 3... Last Page)
1,000 Replies, 224,861 Views
Engineer Pay ( 1 2 3... Last Page)
515 Replies, 266,619 Views
GovTech ( 1 2 3... Last Page)
3,276 Replies, 940,328 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,410 Replies, 2,420,768 Views
IMDA (under MCI) ( 1 2 3... Last Page)
335 Replies, 165,325 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
260 Replies, 270,505 Views
Polytechnic lecturer salary range ( 1 2 3... Last Page)
32 Replies, 83,977 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,469 Replies, 672,370 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
537 Replies, 164,693 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
150 Replies, 142,128 Views
How much are you earning per annum? ( 1 2 3... Last Page)
13,351 Replies, 5,162,253 Views
ST engineering starting pay ( 1 2 3... Last Page)
79 Replies, 59,782 Views
DBS ACE Programme ( 1 2 3... Last Page)
45 Replies, 6,175 Views
Starting pay for fresh grad? ( 1 2 3... Last Page)
31 Replies, 28,424 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
139 Replies, 219,127 Views
Job Application with MOE... ( 1 2 3... Last Page)
368 Replies, 415,115 Views
Applying for govt job?
8 Replies, 5,067 Views
Aircraft Maintenance License and... ( 1 2 3... Last Page)
698 Replies, 610,701 Views
Unilever UFLP 2018 ( 1 2 3... Last Page)
88 Replies, 57,149 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 03:16 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2