Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

Scenario for a typical Large MNC in Singapore, in the Finance Division.
Total = 50 Pax
Role = Number of Personnel (Full-Year All-in-Package, i.e. including bonus & AWS)
Regional CFO = 1 (600k - 1.5m)
Finance Vice-President = 2 (300k - 600k)
Finance Directors = 4 (180k - 300K)
Finance Managers = 8 (85k - 180k)
Finance Analysts = 35 (45k - 85k)

Am I right on the above? This is my rough estimation, based on my observation

Yes you're right though there are probably more VPs, Directors and Managers.

Plus, there is also Finance AMs which probably earn between 75k - 100k++.

Originally Posted by Unregistered

I don't think there's so many layers below a regional CFO unless its very bureaucratic culture or banks where VPs/Directors anyhow give.

For e.g. in my company, global mnc in pharma industry, the Asia Finance team look like this:

Director, Finance for Asia (this is the regional finance head) = >$1mil
Regional Financial Manager/Controller/Adviser (the regional specialists/subheads x3) = $300-600k
Local Finance Manger/SM/Director (title depend on how big the country, mainly local department heads x11) = $200-300k
Many Analyst/Accountant/Manager/Specialist etc. (i.e. all the rojak local execs x50++) = below $200k

In addition, there is also the group financial strategy department which has a team in Asia. Few of the senior ones are 500k-$1mil type usually more projects, M&A, strategy or tax specialization and they are supported by some local rojaks also.

But a lot depend on whether the company anyhow inflate title. For e.g. some companies can just anyhow throw director/vp/svp/sm title to all sorts of people, I like to look at hierarchy instead of job title.

dun talk nonsense lah...

Hi all!

I've graduated this year and will be starting work soon at one of the Big 4.

To be honest, I'm quite worried if I'll be able to adapt to the working hours, whether I will screw up and be a burden to my team etc. I've only held a few short term part time jobs in the past, therefore I'm scared about the uncertainty about holding my first full time job, especially since I don't have the experience of working long hours before.

I'm not complaining, I know what to expect going into this job, I'm just scared about how I will adapt to working life.

Anyone has had a similar experience before or can give some advice? Does everyone adapt really quickly to working life? Is it normal to be worried about being able to adapt?

Thank you!

Originally Posted by Unregistered

Hi all!

I've graduated this year and will be starting work soon at one of the Big 4.

To be honest, I'm quite worried if I'll be able to adapt to the working hours, whether I will screw up and be a burden to my team etc. I've only held a few short term part time jobs in the past, therefore I'm scared about the uncertainty about holding my first full time job, especially since I don't have the experience of working long hours before.

I'm not complaining, I know what to expect going into this job, I'm just scared about how I will adapt to working life.

Anyone has had a similar experience before or can give some advice? Does everyone adapt really quickly to working life? Is it normal to be worried about being able to adapt?

Thank you!

It's pretty normal to be nervous/worried as a fresh grad going into the working world. If you have worked in an office setting before, you'll be better equipped to getting ready for the grind, as compared to someone with zero working experience. The hours are not as long as you will imagine, with people around you pulling the same hours, it's quite bearable.

i don't know why but i feel that most of the big4 staff are treated as revenue generators and earning below average salaries. salaries appear higher as one progresses but do take note that it includes aws....

Originally Posted by Unregistered

i don't know why but i feel that most of the big4 staff are treated as revenue generators and earning below average salaries. salaries appear higher as one progresses but do take note that it includes aws....

Most positions below partner in Big4 are not revenue generators. They are merely process implementors that can easily be replaced by anyone out there in the market with some exp, that's why Big4 concentrates most of their salary & bonus budgets on the partners.

Anyone knows about E* and K***bonus this year? Got offers from them.

Originally Posted by Unregistered

Anyone knows about E* and K***bonus this year? Got offers from them.

Standard 4-5 months depending on performance and LOB.

Originally Posted by Unregistered

Anyone knows about E* and K***bonus this year? Got offers from them.

EY average performer - 1.3
KPMG average performer - 1.5
PWC average performer - 2

Dunno about DT but unlikely to be better than EY and KPMG.

you got the offer after turf?