Go look at the banks/compliance boards. Nobody is saying it’s a big deal but merely correcting the misinformation perpetuated by anonymous persons. Salary trajectory is the same in big 4 and in these BO roles for an average performer as one progresses. Hope what you are drawing is a big deal “in your book” or whatever that is supposed to mean.

This.

Actually have a few friends in BBs whom were freshly promoted to VP at the start of this year, drawing 11-12k base at their 7th year.

Bank and LinkedIn?

JPM, GS and UBS respectively. They are pretty easy to find actually. Just google VP, location put SG. All of them were previously in the banks’ grad programme. The one in JP told me out of those remaining in his class, 3/7 got promoted to VP in their 7th year (fyi, they actually worked only for 6 years + 7/8 mths)

It is actually funny how someone is comparing Big 4 to Banks (even for MO/BO). Making 6k+ in your sixth year at Big 4 vs starting out at 4k+ & making at the very least 8k in banks at the 6th year mark... I know what I would choose (not like those in B4 has this option lol).

Better benefits and wlb too

What MO/BO divisions are these (Audit, Compliance, Risk, Ops, etc)? Don't need to specify exact roles/teams for confidentiality sake :)

did a search on linkedin and can't seem to find supporting proofs to validate your above statement?

Really? It’s so simple I just did a simple search on JPM.

Jordan Ng, Kritika Rohera. Rest from other banks also quite easy to find.

lol totally missing the point. people are trying to correct the fake news being spread that require 6-7 years to reach M in big 4 lah! 5 years is enough to be manager in big 4

ppl from big four trying to make themselves feel better. how to compare with those that are in banks grad programme?

u are working more and getting paid much less. get over it

Relax everyone I’ve done both big 4 and BB BO. Both are dead end. Just move to front end or do something else altogether

Ppl in BB BO easily reach 10k+ in 7-8 years, how fight?

Which bank? What rank? Wheres the proof?

Calm down padawan. No need to be salty.

You can scroll back 1 page or just do a simple search on linkedin or google.

Got put pay? All i see are names.

Please tell me you are not that dense. Once you see their positions, go glassdoor check salary. BB Junior VPs start at 11/12k at the minimum.

So are u instigating that big4 salaries are underpaid? We have a shot at becoming partner; have you taken that into account?

Instigate? It’s a known fact my child.

Dude talking to himself again?

So u are saying big4 people are stupid if they dont start looking for jobs elsewhere now?

Think there are SOME who make it through that perfect route of reaching VP in their 7th year or so, but could be anomaly lah can we generalise this? But anyways ya auditors who make it to Managers in their 6th year or so, KUDOS TO YOU! GOOD JOB AND WELL DONE!!

some people dream of being an auditor for life!

ppl in FO reach 10k+ in 2 years, how fight?

Not really, no. Because I doubt they can look for other jobs that are touted here.

LOLLLLLLLLLLLLLLLLLLLLLLLLL some ppl never reach 10k how?

LOL! So funny! Like 2 kids fighting.
Stop spreading fake news about the banks la lol what 10K. Full of crap. Even funnier someone even started to put some LinkedIn profile names!

I wonder why someone who’s blowing big trumpet about the banks is so free to post so much on this forum 🤣

Not 10k. 11-12k for fresh VPs in BBs. Not our fault Big 4 pays you <7k even after 6-7 YOE.

They are all in different teams and functions. From trade support/risk/client services to compliance/tech strategy/clearing.

what's bb? big butt?

abit weird to compare banks and big4 ...
big4 is really not as elite as last time alr. is jus cheap labour

Dont be harsh lah.. let the peasants think they are elites .

There's the brand name associated with big 4 tho. good for international exposure and migrating abroad in future. i'm sure you don't wanna stay in hot and disgusting singapore forever right?

banks like DBS etc, ultimately it's just a local brand and doesn't look good on your resume. when u go to the US, nobody knows what's DBS or ocbc bank. unless you're in goldman sachs/ credit suisse then congrats to u.

Basically, local banks BO are probably on par with Big 4 provided you are not comparing with those in grad programs. As for perm staff in foreign banks BO (doesn’t matter if it’s grad programme or a non-BB), it’s definitely better than B4.

No leh I moved to CS from big 4. Pay is around the same after the jump to bank as increment is very slow in banks. But the work life balance beats big 4 by miles.

What are you doing exactly in CS and when did you leave B4?

In Big 4, you start low. But if you're able to survive the first few horrible years, the pay increment will go up crazily. Once you reach Assistant Manager grade, the annual pay increment is way more than 10%/year or even a good 20%.

That's provided you're strong enough to stay until AM and beyond (which unfortunately many people can't because there's just way too much work to do).

I’m just looking at the salaries report in glassdoor (>100) for AM, M, SM and Director. Just seems pretty pathetic purely based on YOE + the gruelling WLB.

i would say the pay isnt competitive now.... but people from B4 are still abit more attractive . as in u can survive the pressure cooker u can survive in most places.

some places dont want to have people who join cant take it and move on. it is a pain to keep finding and hiring people.

pay wise no.... B4 isnt. environment wise. you learn how bad things can go lol. but that viewing something bad as a learning exp.

How much is assurance and advisory pay for a fresh grad? And possible for a first class graduate from university of malaya to join any big 4 during this time?

Go work in big 4 in KL then hop over to SG. It's definitely not possible for you to join SG big 4 directly as a fresh grad because there are many local carrot heads for them to choose from.