Q: Big4 - Yearly salary increment

any other firms recommended to work as in audit or financial?

Originally Posted by Unregistered

But what's your ultimate career goal? If you're staying in accounting/finance, just do Big 4. Accounting is considered a cost centre in banks and MNCs, so the salary and career progression is slow. Big 4 experience accelerates your career very quickly, but the caveat is that you have to be mentally resilient enough to stay for at least 3 years.

after big 4, where will be the most logical path?

Originally Posted by Unregistered

after big 4, where will be the most logical path?

Depends on what you mean logical. People commonly move on to commercial accounting doing internal audit, fp&a etc in the same industry that they audited in Big 4. Some lucky ones who networked well can even get to move onto non-accounting roles.

PwC had just moved to Marina One.. my dream workplace came true! scenic views of the CBD

Do corporate finance get paid the same as Audit? What are the bonus like?

[gnim]

Originally Posted by Unregistered

how about the pay for first year manager? how many years does it take typically to reach senior manager?

I know of one manager like that.
Abt 6 years to manager ie performance exceed expectation. $8000
She then jump to a small firm as senior manager thereafter, abt $8,200 (yearly increment if $500) but her bonus was 2-3 months so annual abt $115k-$130k. This small firm has a lot of politics but she’s fine cos all the same D big 4 staff. They join force trying to squeeze out the other partner. The salary is Better than being a partner in mid tier.

Originally Posted by gnim

I know of one manager like that.
Abt 6 years to manager ie performance exceed expectation. $8000
She then jump to a small firm as senior manager thereafter, abt $8,200 (yearly increment if $500) but her bonus was 2-3 months so annual abt $115k-$130k. This small firm has a lot of politics but she’s fine cos all the same D big 4 staff. They join force trying to squeeze out the other partner. The salary is Better than being a partner in mid tier.

Strange, I am getting a lot CVs from big 4 audit managers (1st-2nd year) and none exceeds 7k.

Originally Posted by Unregistered

Strange, I am getting a lot CVs from big 4 audit managers (1st-2nd year) and none exceeds 7k.

Do you mean 1-2 years into audit managers role?
Normally how long does it take for one to be audit manager?

Originally Posted by Unregistered

Do corporate finance get paid the same as Audit? What are the bonus like?

based on what i know, kpmg's pay for corporate finance (grad entry role) is the same for audit. what a joke... the big 4 has gotten away with underpaying for far too long imo

Originally Posted by Unregistered

Strange, I am getting a lot CVs from big 4 audit managers (1st-2nd year) and none exceeds 7k.

If this person means senior mgr perhaps?