Any big 4 already start to outsource senior? I know mazars is hiring many ppl in kl for local client

Not just audit but other service lines too.

But impacts audit more heavily due to the lower fees and margins. Would be great if the govt could step in to intervene with audit fees by setting a floor. And big four setting lower margin requirements - sorry partners

For a more sustainable industry?

inb4 4.5k starting pay but no bonus

Can do audit and sus assurance tgt. Now new ep100 block the NAS sb jia lat. Even if not member firm if u in group audit, especially listed client totally cannot provide NAS.

So only first year 4k then consecutive year go back to normal? Who will accept this?

My fellow ex auditors, how’s the job market outside? Dun wan to stuck in this pitiful role leh, burnt out liao helpz

Saw one job advert say one small small startup finding finance executive, prerequisite is must come from big4, celery $3k. LOL siaobo

They outsourcing ?

bad. see the other reply about 3k for experienced staff. that's the reality even if you leave audit, no one will pay you above audit pay.

even if there is a well-paying role, expect it to be snatched by lowballing laid-off finance managers and controllers.

been looking for a role for so many months and contemplating an outright career change at this point.

Sounds like my experience. Always get to second and final round interview, then they'll say 'Nothing wrong with your experience, it's just that we went with a candidate with more years of relevant experience'. It's so depressing.

Same. I also been job searching since last year and feel hopeless when see co ask for 5yrs experience finance manager with salary 5k.

Recently left, been searching for 9 months before that, left as manager and got 1 rank pay increment. I also know people who recently left and got 2 rank pay increase. All left for MNCs (they usually pay better)

Just know how you can bring value and sell it. If you can't sell that or don't know how you can value-add, then you deserve lower pay.

9 months is pretty long. I hope I can get a job before Dec 24 peak. Based on the ppl above seems like going to be real bad

Dont know which firm you are in. Big4 Audit margins are high, engagement economics always look like **** because of cost accounting and all the inbuilt margins, in reality you can charge 16 hours per day @ $160 charge rate but your cost is still fixed to 4k.

Just pay attention during townhalls, audit profit margin is easily 30+% then take a look at your listcos profit margin.

As far as i can tell, only financial services industry jobs incl fintech can match or possibly give higher than audit pay. The rest 99% is ggpaycutsrynotstyidgaf.

Is pwc audit the highest paid now? Heard the revised salary….
How about the rest

Only for associates ?

This is my experience too, unfortunately if you didn't audit FS companies you're **** out of luck.

Just go work 2 years then chao

The irony is FS depts in all big 4 appear to be lacking the most ppl. Private equity, banks and insurance/re-insurance firms are the most willing to hire big4 auditors w/o commercial exp at matching or higher salary. Yet no one wants to do FS audit.

cos grinding in FS/insurance audits for 3-4 years sounds easy and bearable when i type all this out but imagine 3-4 years of no life work like zombie until 2-3 am in real life

Yeah, FS audit has the worst peak. Year round, high expectations since frequent inspections, tons of work.

I’m in pwc banking and we are under staffed but there is lower hiring cause the firm still cannot accept the effects of the previous salary increase. Partners say they die die want 50% margin facepalm

How much is fs audit salary and bonus ?

Anyone here joined as A2 after completing work study internship program? How’s the learning curve?

same as other depts.

fs audit just harder to hire people because need specialized knowledge which GA seniors won't have, so retention of homegrown associates and hiring FS audit foreigners is important.

unfortunately audit hiring has dropped to a scary new low. i've even referred managers and S2 from big 4 and mid tier but they didn't get a single interview, 2 years ago they would have been flooded with offers. so much for an 'iron rice bowl', at this stage even advisory is not so jialat.

Are u from pwc banking oso? Hahahah agreee with evrythng u say.
In 2022 and before, during dec time, they will bring in Banking and insurance A2 and seniors from Malaysia.
In 2023, my Malaysia banking friends say they apply but no interview also. Tats why we so dying last peak T.T

not true, scroll linkedin, you will find many that have made the switch. banks also have an internal split by which sectors they serve. your valuation, project financing etc need people that know more about the sector than FS knowledge itself.

industry expertise itself is not hard to pick up anyway...

I think you are a bit delusional. The statement is just, no one wants to do audit. Just because you slap FS in front of the word doesnt make it better. Whats stopping the person from just applying to the bank direct? Do you really think that a few years in audit will propel your career? Just look at the pay range for analyst and associate on careers.gov, even with the "slower" progression, audit is still losing out because the pay didnt change for donkey years and is still playing catchup. the profession has just become 3rd tier

Mas regulation is horrible. Do will cry.

Ya man, bro need to wake up. Audit still audit, just which industry and regulation to follow. Trying to humble brag this low end job. Tsk.. the pay is still bad.

How’s the real estate sector audit? Any good prospects?
Seems like many are leaving

What’s s1 salary? Is it close to 5k now?

I Predict the situation similar to Covid thAt time where many ppl leave and aren’t replaced and more ppl get fed up and resign too. Then it caused the firm to suddenly need to hire a lot.
So they’re just trying their best to run a tight ship but eventually it gonna burst and they will go on hiring spree

$400 more than a2 orange revised pay

Its time to renew ep. A lot get reject lol. Heard from other dept.

i mean.. EPs are meant for highly skilled foreign professionals, managers and executives... dont think this description fits audit seniors imo :)

those actively hiring in mkts right now are real-estate specialized professional firms just like b4 (e.g. IQEQ, SS&C etc.); dont be delulu and think that once quit audit can enjoy your life here, chances are they are even more toxic than b4, with lower progression and peanut bonuses at YE. best exit should be in-house role in real estate investment firms/funds but the HC there are very very limited, if u dont know anybody inside/recruiters with good connections is impossible to get in

They under ep..older pass before compass model allow lower wage even 5k is minimum

Bro google search leh...