and how many % actually makes it?

Only 2 out of 100 fresh associates because nowadays fresh graduates lack long term career direction and foresight. They tend to seek out for instant gratification, which only turn into their biggest regret in their career life.

Commercial firms may give you an initial pay bump of 20% once you leave, but you will stagnate once you are there (e.g 2% increment a year unless promoted but this is tough because you won’t get promoted unless someone above you leaves).

Huh why even grind toe to toe with jhk. U do know u dun need any good qualification to reach M right. If u can get a head start why go pwn yourself.

I know u can be sub par and just give ur time away. But that is not a good career advise for ppl.

LMAO. I think there's a bit of lack of basic critical thinking here.

If only 2 out of 100 associates make partner (i.e. 2%), the number of partners being made up will remain the same no matter how much you address the issue of attrition at the lower ranks.
(let's assume 2% per annum for arguments' sake, unless someone can provide the actual hard data).

Because each Big 4 firm can only make up so many equity partners.

It's not about the lack of suitable candidates to make equity partner, but whether there's a business or financial case for a firm to make up X number of partners in the first place.

Even if more auditors "tough it out and grind" like you say, that simply means instead of competing against 10 other survivors on the partnership track for those 2 spots, you're competing against 20 other survivors for the 2 spots.

Though big 4 all about good exit ops.

Otherwise why join big 4?

Sadly this is partially true these days. Singapore is too small and flooded with jhk now. While u still in b4. Outside alrdy oos for you after you are done with b4.

Do you know comp science used to be dumping ground just a few years ago? All these hype will change few years down the road. But i am definitely not advocating anyone to study accounting. An industry that is full of msians is seriously just too low ses.

s://.icaew.com/insights/features/archive/the-qualities-of-a-big-four-partner

You are missing the point. Please refer to the link. The point I am trying to state is that only 2-3% of members make it to partner statistically.

You're also missing the point, which is that the whole reason only 2 to 3% make it (as you say) is because the entire sector runs on natural attrition model. It depends on the other 97-98% contenders quitting or dropping out along the way.

Like the SAF, there's literally room for only X number of Generals. There's no organizational case to increase the number of General positions. The entire structure is designed to encourage attrition.

More equity partnership slots will not magically open up in the Singapore market. Realistically speaking, there is nothing that can be done in the Singapore market to "generate business and grow the cake" since the market for audit services is already fully saturated by the Big 4.

Partner talk is silly. Just use M/SM as the premise to talk about remuneration and progression if want to make a point. Otherwise, why don't we talk about progression / remuneration of being senior mgmt at commercial firms too.

Or are we acknowledging that our partners are not good enough to get into those roles are commercial