I hope everyone can be more responsible when posting. I have worked in Big4, Foreign Bank and local bank. There is always this misconception that foreign bank salary is better than local bank and local bank salary is better than Big4. This is a huge misconception for MO and BO.

I believe for IB, PB and Trading, Foreign Bank does pay better than Local Banks. But for MO and BO, ie Risk Management, Compliance, Audit, Technology and Operations, the pay is comparative. As local bank has higher bonus and they can matched foreign bank salary, someone who worked in local bank can essentially earn more than foreign bank in terms of total income.

Another misconception is that people thinks if u join a Grad Program, u are better than those who joined direct. Or ppl who joined foreign bank has better prospect than Local Bank. Big 4 being the worse of all. Having worked for substantial years in the banking industry, I realised it doesnt matter whether u start out from big 4,local bank, foreign bank or grad program. Ultimately, is how opportunistic u are in jumping ship and being at the right place, right time.

I do know people who worked in big 4 who transit to local bank, being more successful than those who started from MAS with scholarship.i have also seen ppl from local bank jumping into foreign bank, climb faster than those who perpetually in foreign bank. So please stop this misinformation. Is all up to right place, right time. Whether u are in a grad program, from MAS, SGX, Big 4, started in local bank or foreign bank, doesnt really matter.

In short, big 4 is basically the garbage chute for graduates.

In short, big 4 is basically the garbage chute for graduates!! Only garbage will come here

Garbage is an overstatment. What's lower than garbage

Eh dont make fun of big 4 hor. If they not around, where will all the useless people go. In the future when automated, they cannot get box ticking jobs le :(

True that. Can't believe undergrads willing to go big 4 to take home less than less than 3k salary each month LOL. Even haidilao waiter earn more

How much haidilao waiter earn? 3k is too much for waiter.

Btw, don't generalise and mix Big 4 Audit with Big 4 Consulting. Especially within Big 4 Strategy Consulting (EY-Parthenon, Monitor Deloitte, Strategy&), there are some top talent around. Strategy Consulting routinely competes with talent from the Front Office of Investment Banks.

EY-P and MD pay is 40% of BB FO so don’t even.

Your data is inaccurate. There is no MD pay that is 40% of BB FO. You must have mistaken it for Deloitte Consulting (non-MD). MD pay starts in the ballpark of BB FO, requires MBA qualification, and don't hire bachelor's fresh grads.

Tell me I’m wrong for EY-P then. Strat& is around 6k ish as well.

Yes, EY-P is currently the lowest paying of Big 4 Strategy. They used to pay very high starting as Parthenon Group (comparable to Bain and Oliver Wyman back then), then EY reduced their starting pay significantly. Strat& is correct, roughly the likes of McK and BCG, and the MBB do compete with BB FO for talent. Strategy Consulting might not match BB FO in terms of compensation/salary, but they still do compete quite directly for similar pool of talent in terms of calibre/pedigree (Ivy League, Oxbridge etc.)

Regardless, no one in Parthenon, Strat& and MD likes to be associated with their parent company. Essentially they are just strat houses acquired by Big 4.

Quite true

I'm not sure about other depts in B4 but in certain advisory functions, it's possible to be M with 4 years of exp (double promotion at Senior Associate level) and now M pay has been recalibrated to mid 7k. Gone are the days of 6k pm as fresh M.

Agree that fresh VPs in BB MO/BO start at 10k or more but given the nature of MO/BO (non-revenue generating), most get stuck at Associate level if there's no headcount opening at VP level (and most would be happy to cruise at VP level/ lifers). So, it's not as straight-forward as automatic promotion to VP for MO/BO functions as say FO (also not easy, as you are assessed based on your ability to bring in business at that stage - "up or out" culture)

Back to Big 4, anyone received onboarding details for graduate intake?

Yes, you received your slave collar already?

Think you relied on the jobs survey from 5 years ago? New M pay has been raised and is now about 7.5k

Hahahaha this is so funny. I see BB MO/BO kids talking down to B4 peeps but you guys are just equally as bad if not worse in the eyes of BB FO guys. I’m guessing you got ridiculed or treated like dirt by FO guys in your day to day, that’s why you’re here to vent it out on B4 guys. Instead of spending so much time on this forum to talk to down to others, make sure they do a proper job of clearing trades and work double time to clear KYC. Or better, improve your skills so you can get out of your dead-end MO/BO role.

Source: Associate at BB Global Markets who can’t stand the ego of some of these MO/BO pricks

Still better than big 4.

In fact, haidilao pays better than big 4. No need to study so hard some more

Haha this is so funny seeing an associate at BB global markets laughing at MO/BO guys. You associates are ****ing dirt as well. You think you guys are so god’s gift to the world. Give you guys 2 whole years can’t bring in any business, only waiting for VPs to give you scraps.

Source: VP in DCM

You all VPs think you so big that you can stuff your ego up into other people's arse. Give you guys 6 months and when your KPIs not met you can go eat grass and cow dung from your mom's arse.

Source: ED in GM

All of you EDs are ****ing leeches. You think you guys are so much better than the VPs. Lemme tell you, you cfm hentak kaki forever. Even if the MD retires you guys wont get hired. Always going around bragging about your title on online forums zzz

Source: CEO of morgan sachs

You bloody worthless CEO scum trying to brag about your role and position. Wait till you see what I have in store for you which will send you from the moon back to your mom's grave which I dug out last year.

Source: Majority shareholders of goldman ballsachs

You shareholders are a bloody joke. Moon this moon that. Knn limpei issue one time qualified opinion you lose millions of dollars. You better repent and bow down in front of your local big 4 auditors.

Source: auditor at prestigious big 4 (local uni, summa cum laude, highest distinction, protector of financial markets)

Wtf you really have nothing better to do other than replying to your own posts? Whoever you are, grow up please. So pathetic.

Diam la, go and work at your 3k per month (2.4k take home wtf) salary and OT until 2 am everyday.

Source your mom la. I’m from MO/BO and honestly all these FO “ridiculing” and “treated like dirt” is fking BS. At least not in SG and the BB that I am at. Which desk are you on “Associate”? You think you in WSO LOL

Anw, the pay + hours are 100% better in MO vs Big 4 and believe it or not, I have offers from many consultancies (PM roles) throughout my stint. Allow me to explain (since you’re obviously not in BB MO). Most of the clearing and settlement etc are now handed offshore (eg in India) and typically pure-play MO roles based in SG are more focused on IA projects now (if you are in the industry, you would know that the market is flooded with PM roles now at both the ED, VP and ED levels).

Settlement and clearing is back office la dumb fk.

And these roles are based off shore dumb fk. You big 4 brain empty I unds

Calm down. There’s isn’t a debate that BB MO/BO is better than Big 4. Grad programmes pay >4K (GS starts at 4.6k) and if you’re from the GP and don’t fk up, you’ll easily reach VP drawing 11k-12k at your 7th year. That’s with a better WLB to boot as well.

Exactly. FO with their high salary, but you calculate their per hour salary, plus the fact they must constantly be working even on weekends and PH, and constant competition, worth it anot

How bonuses and pay increment this year for b4?

Doesn't matter. Still a slave.

Can we stop putting down people's careers and professions? Sure, they not be as high paying as yours. So what? They are still important and essential jobs. Life ain't all about $ only. Moreover, almost everyone here is a university grad, which is already a decent achievement in itself.

Doesn't change the fact that being a big 4 is akin to selling ur soul for slavery

Being a uni grad is a decent achievement, but being a uni grad who joined big 4 after graduation is shameful. 2.4k take home salary. I rather work at mcdonalds.

2.4k? Wtf? Their parents must be so darn dissapointed in them.

This is rather decent; let's not put people down like this ok? :)