Q: Big4 - Yearly salary increment - Page 298 - 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
  #2971 (permalink)  
Old 13-10-2021, 06:14 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
May be true but:
1) Big 4s have revised their audit pay scheme. 3rd year is closer to 5k now
2) Seniors can easily exit with a 20% pay increment with their qualification
3) Higher potential to earn more in the long-term (e.g. CFO, deal advisory)
While I do agree with you somewhat.. everything boils down to "potential" in the end for big 4. Whereas local bank people are already starting at 20% above big 4 people for much shorter hours (if you are talking about MO)

Reply With Quote
  #2972 (permalink)  
Old 13-10-2021, 06:34 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
While I do agree with you somewhat.. everything boils down to "potential" in the end for big 4. Whereas local bank people are already starting at 20% above big 4 people for much shorter hours (if you are talking about MO)
Yup there are definitely no guarantees but i reckon that the average salary will be higher for those who started in big4 audit vs those who started in local bank MO using a 10-15 year timeline, with the gap increasing even more over time.

Reply With Quote
  #2973 (permalink)  
Old 13-10-2021, 06:34 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
May be true but:
1) Big 4s have revised their audit pay scheme. 3rd year is closer to 5k now
2) Seniors can easily exit with a 20% pay increment with their qualification
3) Higher potential to earn more in the long-term (e.g. CFO, deal advisory)
Singapore got how many coys sia every auditor want to be CFO HAHAHA

Not to mention need to compete with ceca also

Reply With Quote
  #2974 (permalink)  
Old 13-10-2021, 06:46 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
While I do agree with you somewhat.. everything boils down to "potential" in the end for big 4. Whereas local bank people are already starting at 20% above big 4 people for much shorter hours (if you are talking about MO)
You are correct and this is what I have been trying to tell people for a few hundred pages already.

In gaming terms, going to Big4 is like playing a class that only shines in the late and endgame. You can obtain instant gratification by going to banks and MNCs and you start getting higher pay in earlier years.

If that is what you want, GO FOR IT.

Big4 model has always been one of “pain first, reward potentially will come later”.

I guess these days because of social media, people in their 20s and 30s sharing their lifestyles online, this model might not appeal to some of you guys.
Reply With Quote
  #2975 (permalink)  
Old 13-10-2021, 06:48 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Singapore got how many coys sia every auditor want to be CFO HAHAHA

Not to mention need to compete with ceca also
If you are aiming for CFO level, you probably need to stay in B4 until SM, which gives you a shot at grabbing FC seats then climbing to CFO years later.
Reply With Quote
  #2976 (permalink)  
Old 13-10-2021, 06:51 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Yup there are definitely no guarantees but i reckon that the average salary will be higher for those who started in big4 audit vs those who started in local bank MO using a 10-15 year timeline, with the gap increasing even more over time.
Well the thing is most people comparing salaries aren’t looking in a 10 - 15 years timeline but more of 2 to 3 years, or even just immediate starting pay.

Their friends are already showing off their holiday photos, cafe hopping, new shopping gains on Instagram, you can’t expect them to wait 10 years by which time their friends probably forgotten and move on already. By 15 years people will be comparing kids PSLE results instead of salaries lol.
Reply With Quote

  #2977 (permalink)  
Old 13-10-2021, 06:51 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
You are correct and this is what I have been trying to tell people for a few hundred pages already.

In gaming terms, going to Big4 is like playing a class that only shines in the late and endgame. You can obtain instant gratification by going to banks and MNCs and you start getting higher pay in earlier years.

If that is what you want, GO FOR IT.

Big4 model has always been one of “pain first, reward potentially will come later”.

I guess these days because of social media, people in their 20s and 30s sharing their lifestyles online, this model might not appeal to some of you guys.
Exactly. The people here shitting on Big4 auditors for poor starting salary and work life balance are prob insecure MO peeps who don't understand the Big4 model. No point comparing now when you only reap the rewards for Big4 in the long-run.
Reply With Quote
  #2978 (permalink)  
Old 13-10-2021, 07:08 PM
Unregistered
Guest
 
Posts: n/a
Default Depend on when you joined

If u join in around Oct-Nov , u won't miss your appraisal for next year (around Apr-May), so u can get promoted in Jun-Jul though u didn't work for 1 yr yet. Fast track career progression lol
Reply With Quote
  #2979 (permalink)  
Old 13-10-2021, 07:15 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Anyone know the appraisal period in Big4 and the criteria like do you need to be employed for at least 6 month or 1 year? Thank you
You need work for at least 6month to qualify for appraisal (for example if you join in Oct or Nov 21 this year , you will qualified for next year appraisal in Apr) , this is not a bad deal 6 month to promotion hahah
Reply With Quote
  #2980 (permalink)  
Old 13-10-2021, 07:52 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Exactly. The people here shitting on Big4 auditors for poor starting salary and work life balance are prob insecure MO peeps who don't understand the Big4 model. No point comparing now when you only reap the rewards for Big4 in the long-run.
This is a common misconception, I left big 4 after 2.5 years and have about 6y work experience. While this is not the case for everyone, if you are bright, work hard and have some luck, the career track elsewhere is by no means slower than big 4. It’s competitive everywhere and you need to get the right role and companies.

For reference, my compensation is already above big4 sm, the one who stayed for 6 years is barely a manager
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
GovTech ( 1 2 3... Last Page)
5,002 Replies, 2,103,198 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,774 Replies, 1,361,924 Views
Standard Chartered International... ( 1 2 3... Last Page)
467 Replies, 258,962 Views
Compare civil service salary ( 1 2 3... Last Page)
16,272 Replies, 12,308,794 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
14,701 Replies, 4,870,191 Views
ST Electronics ( 1 2 3... Last Page)
3,657 Replies, 1,498,663 Views
Lawyer Salary ( 1 2 3... Last Page)
20,893 Replies, 10,206,639 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,098 Replies, 2,251,613 Views
If you can't find a company here... ( 1 2 3... Last Page)
139 Replies, 49,919 Views
Top 10 degree programmes in...
3 Replies, 3,940 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,206 Replies, 3,336,165 Views
Staying in SPF or join another...
2 Replies, 561 Views
Rio tinto ( 1 2 3... Last Page)
82 Replies, 55,469 Views
Career as Teacher ( 1 2 3... Last Page)
10,264 Replies, 6,405,351 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,240 Replies, 592,163 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,270 Replies, 743,873 Views
DBS ACE Programme ( 1 2 3... Last Page)
112 Replies, 73,928 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,761 Replies, 1,015,295 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
639 Replies, 323,890 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,028 Replies, 426,691 Views
Work culture in IHiS ( 1 2 3... Last Page)
707 Replies, 525,639 Views
Maritime and Port Authority of... ( 1 2)
13 Replies, 17,303 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,397 Replies, 1,345,195 Views
NUS (National University of... ( 1 2 3... Last Page)
314 Replies, 310,227 Views
Micron starting pay ( 1 2 3... Last Page)
702 Replies, 388,102 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
1,263 Replies, 700,723 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
2,297 Replies, 986,981 Views
Visa Internship
3 Replies, 4,351 Views
GIC (Government of Singapore... ( 1 2 3... Last Page)
419 Replies, 712,889 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
885 Replies, 486,675 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:18 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2