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-   -   Q: Big4 - Yearly salary increment (https://forums.salary.sg/income-jobs/1506-q-big4-yearly-salary-increment.html)

Unregistered 04-10-2021 12:26 AM

Quote:

Originally Posted by Unregistered (Post 184974)
You need to filter out by education level, I would suspect that the auditor pay would barely reach the median of degree-educated folks at the same age range

For that we can look at the Labour Force in Singapore 2020 report which addresses this:

s://stats.mom.gov.sg/iMAS_PdfLibrary/mrsd_2020LabourfForce.pdf
[Page 27, Chart 12]

The median salary of graduates of the local Autonomous Universities in the age range 25-29 in 2020 is $5,090 (including employer CPF).

Excluding employer CPF (17%), it is exactly $4,350. Taking the middle of the age range, the median 27 year-old graduate of Autonomous Universities in Singapore is earning exactly $4,350. That is only marginally above the pay of an auditor 2 years in (graduation age at 25), and below the pay of an auditor 3 years in (graduation age at 24).

And there are industry differences. From the breakdown by industry, the Finance industry has the highest median pay. Though this is not further broken down into age group for each industry. If you compare your accounting job (probably under "Professionals" rather than "Finance") with the Finance industry, it will certainly feel "barely reaching the median", but across the board, it is definitely at least comparable with the median for a local university graduate.

Unregistered 04-10-2021 09:58 AM

Have a question for mid joiners (meaning you joined a new B4 as a senior either from a different B4 or mid tier)

Are such joiners offered the standard salary band that is thrown around this thread? Or does HR offer you based on last drawn and negotiation?

Unregistered 04-10-2021 10:31 AM

Quote:

Originally Posted by Unregistered (Post 185158)
For that we can look at the Labour Force in Singapore 2020 report which addresses this:

s://stats.mom.gov.sg/iMAS_PdfLibrary/mrsd_2020LabourfForce.pdf
[Page 27, Chart 12]

The median salary of graduates of the local Autonomous Universities in the age range 25-29 in 2020 is $5,090 (including employer CPF).

Excluding employer CPF (17%), it is exactly $4,350. Taking the middle of the age range, the median 27 year-old graduate of Autonomous Universities in Singapore is earning exactly $4,350. That is only marginally above the pay of an auditor 2 years in (graduation age at 25), and below the pay of an auditor 3 years in (graduation age at 24).

And there are industry differences. From the breakdown by industry, the Finance industry has the highest median pay. Though this is not further broken down into age group for each industry. If you compare your accounting job (probably under "Professionals" rather than "Finance") with the Finance industry, it will certainly feel "barely reaching the median", but across the board, it is definitely at least comparable with the median for a local university graduate.

What’s the takeaway of this analysis?

Unregistered 04-10-2021 10:35 AM

Quote:

Originally Posted by Unregistered (Post 185170)
What’s the takeaway of this analysis?

He sour people say he earn below average lor

Unregistered 04-10-2021 12:40 PM

Quote:

Originally Posted by Unregistered (Post 185167)
Have a question for mid joiners (meaning you joined a new B4 as a senior either from a different B4 or mid tier)

Are such joiners offered the standard salary band that is thrown around this thread? Or does HR offer you based on last drawn and negotiation?

Standard salary band.

Unregistered 04-10-2021 12:41 PM

Quote:

Originally Posted by Unregistered (Post 185172)
He sour people say he earn below average lor

He got baited hard by the troll.

Trolls try to say one short sentence to trigger you, and bait you into writing long paragraph to reply.

They thrive by using their one minute to waste your five minutes.

Unregistered 04-10-2021 03:51 PM

Any1 knows how much s1 and s2 are paid across the big4 advisory? Would like to have some figures to compare

Unregistered 04-10-2021 06:52 PM

Quote:

Originally Posted by Unregistered (Post 185212)
Any1 knows how much s1 and s2 are paid across the big4 advisory? Would like to have some figures to compare

you apply to all four companies and see which one select you first then you can have an accurate comparison.

what is the point if none select you in the first place

Unregistered 04-10-2021 07:24 PM

Quote:

Originally Posted by Unregistered (Post 185229)
you apply to all four companies and see which one select you first then you can have an accurate comparison.

what is the point if none select you in the first place


Dun choose green. They offer the worst.

Unregistered 04-10-2021 08:20 PM

Quote:

Originally Posted by Unregistered (Post 185229)
you apply to all four companies and see which one select you first then you can have an accurate comparison.

what is the point if none select you in the first place

Too much work. They just want to apply to the one with the highest pay.


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