Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

optimal for personal career, dude. The much lauded 'steady progression' in big 4 is not as uncommon as u think in many other countries. plus you're starting on a very below-average starting base salary.

better to start at as high a salary as possible when you're young. especially when u're aiming to buy a house and get married and put the rest in investments etc.

Some poster above cited a double degree NtU top scorer who went to KPMG in 2015. i think he seriously made the wrong choice.

this dude is the 2021 NBS valedictorian for BBus & BAcc double degree. Bain & Co associate consultant. this should be the kind of roles tt top scorers should aim for. where the comp and exit options are commensurate with their talents:
s://.linkedin.com/in/chow-kai-jin

So is you deciding what is optimal for a person? People want to work where you huan lo? Go into banking then get so burnt out become hawker? LOL

Originally Posted by Unregistered

I’m a FCH. The above truth is not the whole truth - while we are not saying Big4 offers “the best deal” in the market, it is a consistent and reliable way there. The alternatives you mentioned are much harder to get in.

When are you leaving? The valedictorians and most FCHs that I know have all left. Even those that hardcore say "audit for life" have left.

Originally Posted by Unregistered

Some poster above cited a double degree NtU top scorer who went to KPMG in 2015. i think he seriously made the wrong choice.

He has left and is doing well in and outside KPMG.

Originally Posted by Unregistered

Manager can hit 6 digits? I think your math is a little off. IIRC manager pay is about $6/month which adds to $72k/year. Even with a 2 month bonus you're only at $84k. Really don't see how you can reach 6 digits unless you're talking about M3 and not M1 but that's more like 7/8 years of experience and not 5 to 6.

Some M1s now got S$7.2k.

S$7.2k x 14 = S$100k.

Originally Posted by Unregistered

Manager can hit 6 digits? I think your math is a little off. IIRC manager pay is about $6/month which adds to $72k/year. Even with a 2 month bonus you're only at $84k. Really don't see how you can reach 6 digits unless you're talking about M3 and not M1 but that's more like 7/8 years of experience and not 5 to 6.

Originally Posted by Unregistered

Some M1s now got S$7.2k.

S$7.2k x 14 = S$100k.

I'm guessing the difference between the numbers provided by the 2 of you is because of KPMG's 20% raise? Since 6k * 1.2 just nice = 7.2k.

Please correct me if mistaken.

Originally Posted by Unregistered

this dude is the 2021 NBS valedictorian for BBus & BAcc double degree. Bain & Co associate consultant. this should be the kind of roles tt top scorers should aim for.
s://.linkedin.com/in/chow-kai-jin

But the NBS LKY Gold Medalist for Accountancy in 2021 went B4 instead.

Originally Posted by Unregistered

I'm guessing the difference between the numbers provided by the 2 of you is because of KPMG's 20% raise? Since 6k * 1.2 just nice = 7.2k.

Please correct me if mistaken.

Yellow adjusted the salaries 2 months ago. M1 from tax now got S$7k+. Not sure about audit. Should be similar I guess.

Originally Posted by Unregistered

Yellow adjusted the salaries 2 months ago. M1 from tax now got S$7k+. Not sure about audit. Should be similar I guess.

Oh then this is quite recent news.

Sorry some of us are dinosaurs from a previous generation haha.

Keep going guys! It's with such passionate posts and views that provides the readers insights in to a career at Big4.

Asides from audit, the tech consulting in B4 pays quite well for Manager grade too. 7k x 14 months for someone with 4 to 5 years exp is decent.