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Q: Big4 - Yearly salary increment

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  #3361 (permalink)  
Old 23-10-2021, 12:33 AM
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I observed some of my bosses who became audit partners (ugly duckling that turned into a swan eventually) who is raking in $1mil per year easily, as compared to their peers outside who exited earlier making around $160k - $240k per year at finance director positions in MNC.

The difference in pay between audit partners and finance directors are way too big...
Audit partner enjoying $1mil every year shaking leg and playing golf with client while senior and staff have to OT everyday and work like slave because your audit partner purposely staff fewer people in the team to enjoy more profits for himself.

Song bo? Your audit partner will also bluff you that you will have a chance of becoming partner while making the requirements even more stringent and pwning you with SQP

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  #3362 (permalink)  
Old 23-10-2021, 12:57 AM
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Audit partner enjoying $1mil every year shaking leg and playing golf with client while senior and staff have to OT everyday and work like slave because your audit partner purposely staff fewer people in the team to enjoy more profits for himself.

Song bo? Your audit partner will also bluff you that you will have a chance of becoming partner while making the requirements even more stringent and pwning you with SQP
Thats true... and given the current standard of SQP requirement alone (out of many requirements), most of the people will be eliminated because the papers are increasingly tougher...

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  #3363 (permalink)  
Old 23-10-2021, 02:06 AM
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Thats true... and given the current standard of SQP requirement alone (out of many requirements), most of the people will be eliminated because the papers are increasingly tougher...
Chartered accountant aka SQP is only important if you need to sign accounts. So if you do not aim to be partner, actually don't need it. Some people I know + myself actually stop paying the fees for CA after we left Big4.

Accreditation is a sneaky biz that preys on people's kiasuness

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  #3364 (permalink)  
Old 23-10-2021, 08:25 AM
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Audit partner enjoying $1mil every year shaking leg and playing golf with client while senior and staff have to OT everyday and work like slave because your audit partner purposely staff fewer people in the team to enjoy more profits for himself.

Song bo? Your audit partner will also bluff you that you will have a chance of becoming partner while making the requirements even more stringent and pwning you with SQP
Isnít it the same everywhere where the CEO earn hundred to thousand fold what the executives earn?
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  #3365 (permalink)  
Old 23-10-2021, 08:28 AM
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Earn so much money got what use

Quality of life improves a lot from 3k to 6k salary but there are diminishing returns

100k salary and 1m salary got lifestyle difference meh? You still only have 24 hours a day.
If you are not trolling, then you seriously lack imagination.

Of course there is a huge lifestyle difference between 100k and 1m.

If you want to continue eating $3 cai png when you earn 1m then be my guest.
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  #3366 (permalink)  
Old 23-10-2021, 09:24 AM
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Isnít it the same everywhere where the CEO earn hundred to thousand fold what the executives earn?
So what is your opinion on this? Do you think they deserve to earn so much? Are their responsibilities and workload 100 to 1000 times more than executive?
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  #3367 (permalink)  
Old 23-10-2021, 09:32 AM
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So what is your opinion on this? Do you think they deserve to earn so much? Are their responsibilities and workload 100 to 1000 times more than executive?
sour grapes.
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  #3368 (permalink)  
Old 23-10-2021, 10:34 AM
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Chartered accountant aka SQP is only important if you need to sign accounts. So if you do not aim to be partner, actually don't need it. Some people I know + myself actually stop paying the fees for CA after we left Big4.

Accreditation is a sneaky biz that preys on people's kiasuness
Really? Some of the Finance Manager and above job roles there are some companies that still prefers CA tbh
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  #3369 (permalink)  
Old 23-10-2021, 11:06 AM
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So what is your opinion on this? Do you think they deserve to earn so much? Are their responsibilities and workload 100 to 1000 times more than executive?
No wonder you earn peanuts. Small time mentality
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  #3370 (permalink)  
Old 23-10-2021, 11:17 AM
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Tough choice between pwc and kpmg audit. Which one to choose?
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