It seems like the work is never ending. Working 7 days straight still can't complete. Is it even worth staying for the CA?

hate to admit but most SG employers dont care if u are ACCA/CA/CPA/AICPA etc or not. even tho they all take diff level of efforts to complete

grind like dog cat in the end competing with random ACCA candidates from random MY uni. this industry is not worth it

If only we are also getting x3.5. That would be nice

I have the same question too. Is the market that bad right now?

Is it still possible to get a 10-20 percent bump from 2nd year senior pay?

Question about salary increment
 

So I will be starting as Y1 Consulting Associate at EY for $4.5k, can I ask if there is salary increment after Y1 and if so, roughly how much?

This is SG, no one cares about CA except clueless people conned by ISCA and Big 4. Employers value work experience.

The Mid Tiers in SG seems to be outsourcing their audit team to Malaysia now that they can't get SP and EP approvals for seniors. I'm seeing tons of job ads for RM5k-7k (1.4k-2k SGD) for seniors in Malaysia to work on SG audits. How in the world does that work? Will the Big 4 follow suit?

big 4s are already doing this. Outsourcing work…

All audit work should be outsourced to poor countries. Brain -less checking and box ticking. Replaceable by AI within the decade too

Sinkies need to move up the value chain and stop relying on these low end functions to make a living.

What about CFA?

Hi this is how bad this industry is. Once u in audit, lets say u are 3rd or 4th year in, u are drawing below6k, usually 4 to 5k is very hard to have a big jump unless u stay or join real big firms to hit 6k plus.

U be shock to finally know that sg only have 400 to 600 plus listed co. Is there any good prospect in accting?
Most of us know the answer and the market
(i mean ppl taking accting) is alry telling us a lot.

Influx of ft is just gg to ruin this profession. U be lucky commercial gg to pay u 5k lol. Even they do u arecompeting with 50-60 aunties
from my turn pr with cha pa lang or no education who only follow the process for 20uears.

Have fun with b4 exit opportunity. And i support u leaving b4, and perhaps this profession.

Where's the stepping stone that people used to talk about? I.e 20% increment when you exit at the senior level. T.T

Go commercial $5k only ?

The three years in big 4 is equivalent to five years job with work life balance.

That was back in 2013.

5k back then was a big deal.

the tahan for 3-4years and get big pay bump & shake leg in commercial with WLB and 7k++ are just BIG FAT lies that probably was true 10-15years ago

now is jump (if even possible to find a reasonably stable and profitable firm) with 10-20% at most and still expected to work long hours cos most of ur boss and colleagues from bi4 anyways and bring the toxic culture everywhere

Why hasn't ISCA/ACRA or the government done anything to improve the working conditions in of the professionals in this industry but come up with lots of degrading programs?

i think the problem is even if u jump out as an accountant, why would companies pay more than 6k for an accountant. I think a lot of people failed to think from the company's perspective. If you own a SME, i dont think u would hire ex-big4 as an accountant paying 6k++. Unless, u r applying big big firms. But u would be fighting with a lot of people.

I think the only way to jump out from big4 is to aim for finance manager / controller / CFO etc. If yall think that yall dont have wad it takes, btr jump out of this industry.

There are other pretty decent industry with transferable skills from accounting and pays more.

Do you have any other exits to recommend?

Bro and sis for humanity, if u all have the chance to reproduce pls ask ur next gen to stay away from this industry.

Ex b4 is always riding on past glory and go everywhere tell ppl they from b4. Then drop out as avg joe and join new firm and always try to turn the firm into the sub par b4 standard.

Different firm different pros and cons, yet these ppl can only offer their sub par avg joe idea everywhere and tell ppl theh are from b4.

If every acctant like that the profession is doom.

OP here. agree with what u said 100%. also another thing i observed abt audit ppl trying to exit is that they overvalue their audit exp. tbh those fortune 500 finance position openings, 100 applicants i think 80 are from big 4 lol... what differentiates A from B？

I can confirm it was true and common back in 2011 to 2013.

Kinda weird for me to acknowledge that was more than 10 years ago… I’m getting old.

Don’t think it’s a badge of honour now to say you’re from big 4. It’s the norm.

My personal experience is that I had to lead jobs with an A1 while I was A2. Not listed client but still a group with conso and impairment issues. I stayed till senior for my SCAQ but honestly learning curve alr plateaued.

Are the current batch of associates the same as last time (2-3 years ago)

Meaning, if they discover anything wrong, will they inform the seniors?
Do they complete tasks efficiently, even if it means working overtime or working on weekends?
Will they clear review points allocated to them?
Do they take initiative to request for more work?

Are you from yellow ? Sounds like it

Yes.
No.
Yes, while still allocated to the job.
No.

No
No
It depends
No

2pid to ask for more work. This mean ur 2pid mgr dunno hw to allocate staff. S

What to learn. Conso learned in sch, impairment learned in sch. Even with veryyyyyyy difficult impairment issue is also allocate to other dept like corporate finance ppl to do and u write some shyt to close it. Its like 99.99 percent no ppl want to impair. Overrated crap.

Consol 100% ownership is just sum across then do elimination. With nci is also brain dead exercise just allocate pl to nci. Ohhhh what about translation reserve?? Also brain dead exercise, update the avg and closing rate...

U dont even need a year to learn this thing that was learned in sch.

Ppl who said they learned a lot in b4 are those btc.

In some big 4, the seniors don’t even do consol in year 1. They do it in senior year 3?

Really? I thought we only outsource grunt work and not seniors?

SkillsFuture credit are in…

Got 5k total credits to spend - anything helpful for accounting and finance

No. You're lucky if they even write that there's an issue. At best they just write some nonsensical explanation, at worst they just write it like the glaring problem is perfectly normal.
No. My associates work max 10am-7.30pm.
50% chance if still on the job. Once booking finish, won't even reply to Teams message.
No, you're lucky if they even finish their work. Usually there's missing rows and columns.


I'm pretty sure me and the other associates in the same team were not remotely this bad when we first started. I think people who struggle with uni exams are just people who just don't care about anything including their work ethics because how do you even suck at rote learning exams in the first place?

pls share the decent industries with transferable skills. don't be like those goons who drop this and disappear pls.

Why will people share to increase competition lol

Got ask ur friends in blue.

Don’t you feel tired tanking the engagements?

if u expect ppl to spoonfeed u on even on good exit options then myb just stay in big 4 is better lah. only there got senior baby u

take a look at recent accounting degree entry rank pt u will know why the quality of juniors falling... expect ppl who get BCCD to have work ethics and motivation to learn ah?

Of course, that's why my last day is this Friday.

ya i'm the person who posted that originally. my hours is 9-3 at 200k salary, of course i won't share you just have to believe me