Q: Big4 - Yearly salary increment - Page 342 - 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
  #3411 (permalink)  
Old 24-10-2021, 10:08 AM
Unregistered
Guest
 
Posts: n/a
Default

I saw some posts mentioning about partners earning 1 mil
Please dont mislead the young minds. There is only A FEW SENIOR PARTNERS and upper management that can do so , Most early 300-500 k , that too PB depends on portfolio and prestige of the clients.

How many managing partners can each form have that earns big 4? Once become partner, that is not the end of the road, its a whole new stressful road with many more internal ranks to climb

Secondly, correct me if im wrong but nowadays, most junior partners are merely salaried and not equity shareholders right based on what I read online. If they do become shareholder, u have to buy in " a huge sum", can take 1-2 years to earn back.

Partner is not so worth it as to reach the " million dollars salary club" is near impossible. Most just retire as a normal partner earning 500k / year

Reply With Quote
  #3412 (permalink)  
Old 24-10-2021, 10:11 AM
Unregistered
Guest
 
Posts: n/a
Default

Pardon my autocorrect typos :

I saw some posts mentioning about partners earning 1 mil
Please don't mislead the young minds. There is only A FEW SENIOR PARTNERS and upper management that can do so , Most earn 300-500 k , that too PB depends on portfolio and prestige of the clients. In fact, a junior partner only makes 300k / year -> Do NOTE AUDITORS can do minimal investments , cant buy much shares/unit trusts in case they are auditing those firms or wish to audit in future. This is ALOT of potential investment income lost. Someone who started investing at age 20s with 5-8% returns wld alrdy have made way more from investments- money that auditors loose out on ( I wonder why no one complains about this white elephant )

How many managing partners can each firm have that earns millions? Once you become partner, that is not the end of the road, its a whole new stressful road with many more internal ranks to climb

Secondly, correct me if i'm wrong but nowadays, most junior partners are merely salaried and not equity shareholders right based on what I read online. If they do become shareholder, u have to buy in " a huge sum", can take 1-2 years to earn back.

Partner is not so worth it as to reach the " million dollars salary club" is near impossible. Most just retire as a normal partner earning 500k / year

Reply With Quote
  #3413 (permalink)  
Old 24-10-2021, 10:12 AM
Unregistered
Guest
 
Posts: n/a
Default

Do NOTE AUDITORS can do minimal investments , cant buy much shares/unit trusts in case they are auditing those firms or wish to audit in future. This is ALOT of potential investment income lost. Someone who started investing at age 20s with 5-8% returns wld alrdy have made way more from investments- money that auditors loose out on ( I wonder why no one complains about this white elephant )

Reply With Quote
  #3414 (permalink)  
Old 24-10-2021, 10:14 AM
Unregistered
Guest
 
Posts: n/a
Default

Auditors can only invest in property
Simply because they can't buy shares/unit trusts/REITs. If they do buy, have to declare and potentially excluded from these high profile projects in the future if opportunity arises

Most auditors I know hence, dont invest , cant even buy ILP. All they can buy is basic endowment and FDs
Reply With Quote
  #3415 (permalink)  
Old 24-10-2021, 10:33 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Do NOTE AUDITORS can do minimal investments , cant buy much shares/unit trusts in case they are auditing those firms or wish to audit in future. This is ALOT of potential investment income lost. Someone who started investing at age 20s with 5-8% returns wld alrdy have made way more from investments- money that auditors loose out on ( I wonder why no one complains about this white elephant )
You are correct there are restricted shares which auditors are not allowed to buy due to independence requirements. Each firm maintains their own list and database which you have to check against before committing. And you also have to declare accordingly. Since there are only 4 members of Big4 (duh!) auditing a large part of the listed companies in Singapore- yes there is good chance what you might be wanting to buy is restricted. I wouldn't say 'minimal', just that you have to do a bit more homework when investing and can't do so freely/carefreely.

Why no one complains - umm because generally most of us only stay inside for 3 years? So any potential loss tends to be quite minimum. And when just starting to work, your initial capital is quite low? So the returns on available returns isn't much either. Lastly if you are willing to accept Big4 starting salary which is a bit lower than other MNCs/MA programs, it means you prioritize the learning experience and exposure more than the immediate financial gain anyway.
Reply With Quote
  #3416 (permalink)  
Old 24-10-2021, 10:52 AM
Unregistered
Guest
 
Posts: n/a
Default

How do SMs in yellow get awarded projects?
How come my SM's team has 3 of their biggest clients? I wonder these projects was obtained? isit allocated by partners or maybe she was alrdy in that team as a junior?
Reply With Quote

  #3417 (permalink)  
Old 24-10-2021, 11:02 AM
Unregistered
Guest
 
Posts: n/a
Default

I beg to differ. Say for example an SM trying to be partner who is in the form for say 14 years. Give you an example of yellow- well known and all over the internet that they audit apple-> This alrdy excluded the person from buying soo many ETFs as almost all big ETFs have apple, cannot buy s&p 500 ( returns are 8% per year ). Imagine the income lost out by this SM who cannot buy so many ETFs, most REITs also cannot.

These people dont realise the huge income they have lost out on. PITY , and to think they studied business modules
Reply With Quote
  #3418 (permalink)  
Old 24-10-2021, 11:04 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Auditors can only invest in property
Simply because they can't buy shares/unit trusts/REITs. If they do buy, have to declare and potentially excluded from these high profile projects in the future if opportunity arises

Most auditors I know hence, dont invest , cant even buy ILP. All they can buy is basic endowment and FDs
Are you sure? I am an auditor and most of my auditor friends do invest. You just need to do your own due dilligence and look up for the stocks that you could invest. There are tons of stocks in the market and there are only some of the restricted shares that you couldnt buy (which doesnt really make up to the bulk of the stock market anyway).
Reply With Quote
  #3419 (permalink)  
Old 24-10-2021, 11:05 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Exactly. Boomer partners in big 4 need to wake up and understand why local grads are shunning big 4 or just using big 4 as a stepping stone and not staying more than 2-3 years.Boomer partners haven't realised that there are many attractive alternative career options now with better work life balance and higher starting pay. They should also stop pretending to care about our mental heath when they are obsessed with revenue growth.

Gen Z will rather be self employed as influenza rather than slogging in your sweatshop.
Higher starting pay elsewhere available to the average accountancy grad? Wait long long la.
Reply With Quote
  #3420 (permalink)  
Old 24-10-2021, 11:07 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I beg to differ. Say for example an SM trying to be partner who is in the form for say 14 years. Give you an example of yellow- well known and all over the internet that they audit apple-> This alrdy excluded the person from buying soo many ETFs as almost all big ETFs have apple, cannot buy s&p 500 ( returns are 8% per year ). Imagine the income lost out by this SM who cannot buy so many ETFs, most REITs also cannot.

These people dont realise the huge income they have lost out on. PITY , and to think they studied business modules
If you wanna stay until SM, thatís on you. My post only about the average person who stay 3 years.
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
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
367 Replies, 130,500 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
188 Replies, 72,175 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,484 Replies, 2,747,388 Views
GovTech ( 1 2 3... Last Page)
1,417 Replies, 454,626 Views
UOB Management Associate Program ( 1 2 3... Last Page)
590 Replies, 322,769 Views
Compare civil service salary ( 1 2 3... Last Page)
13,279 Replies, 7,848,581 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
757 Replies, 367,567 Views
Cpf senior manager
4 Replies, 2,290 Views
How much are you earning per annum? ( 1 2 3... Last Page)
13,024 Replies, 4,564,122 Views
Career as Teacher ( 1 2 3... Last Page)
4,312 Replies, 2,794,506 Views
How is life as a doctor in... ( 1 2 3... Last Page)
3,440 Replies, 1,605,245 Views
Lawyer Salary ( 1 2 3... Last Page)
15,456 Replies, 5,303,605 Views
Standard Chartered International... ( 1 2 3... Last Page)
107 Replies, 83,763 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
4,973 Replies, 1,657,525 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
869 Replies, 265,526 Views
Banks' Pay and Bonuses ( 1 2 3... Last Page)
439 Replies, 198,038 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
137 Replies, 145,912 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,190 Replies, 1,960,645 Views
Work culture in IHiS ( 1 2 3... Last Page)
208 Replies, 163,195 Views
Working Culture in IRAS ( 1 2 3... Last Page)
59 Replies, 99,310 Views
Whats your net worth ( 1 2 3... Last Page)
2,880 Replies, 1,003,561 Views
Starhub
0 Replies, 42 Views
CAD (Commercial Affairs Department) ( 1 2 3... Last Page)
202 Replies, 156,443 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,967 Replies, 678,935 Views
Singtel Management Associate... ( 1 2 3... Last Page)
499 Replies, 184,679 Views
Comp Science Frsh Grad Salary ( 1 2 3... Last Page)
629 Replies, 126,637 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
635 Replies, 497,548 Views
how to earn money at this age? ( 1 2 3... Last Page)
39 Replies, 50,982 Views
JP Morgan ( 1 2 3... Last Page)
111 Replies, 71,036 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:56 AM.


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