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Q: Big4 - Yearly salary increment

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  #7811 (permalink)  
Old 02-06-2022, 11:29 AM
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Orange a1 3.4 w/o bonus
I thought a while back ppl saying orange increase to 4k. Knew that's too good to be true lol.



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  #7812 (permalink)  
Old 02-06-2022, 11:31 AM
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Tiagong green,yellow and orange will be increasing pay to fight with blue. Anybody know what is the latest salary now for these 3 firms? Please help to fill in the figures everyone!! Thanks!!

Green:
A1-
A2-
S1-
S2-

Yellow:
A1- 3,350 w/ bonus
A2-
S1- 4,500
S2 - 5,100

Orange:
A1-
A2-
S1-
S2-3.4 w/o bonus
dk why would any fresh grad choose yellow / orange over blue given the diff in pay

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  #7813 (permalink)  
Old 02-06-2022, 11:35 AM
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Originally Posted by Unregistered View Post
Tiagong green,yellow and orange will be increasing pay to fight with blue. Anybody know what is the latest salary now for these 3 firms? Please help to fill in the figures everyone!! Thanks!!

Green:
A1-
A2-
S1-
S2-

Yellow:
A1-3,350 w/ bonus
A2-
S1- 4,500
S2 - 5,100

Orange:
A1- 3.4 w/o bonus
A2-
S1-
S2-
PS put wrongly
dk why would any fresh grad choose yellow / orange over blue given the diff in pay

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  #7814 (permalink)  
Old 02-06-2022, 12:12 PM
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PS put wrongly
dk why would any fresh grad choose yellow / orange over blue given the diff in pay
Why would anyone choose local uni over Ivy League?


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  #7815 (permalink)  
Old 02-06-2022, 12:20 PM
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Why would anyone choose local uni over Ivy League?
Because cannot get into ivy league.

Same applies to big 4, cannot kpmg, go with the rest.
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  #7816 (permalink)  
Old 02-06-2022, 01:43 PM
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Anybody from green can also help to fill up the figure for green. Thanks!
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  #7817 (permalink)  
Old 02-06-2022, 01:50 PM
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Because cannot get into ivy league.

Same applies to big 4, cannot kpmg, go with the rest.
How much kool-aid did you drink?
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  #7818 (permalink)  
Old 02-06-2022, 02:41 PM
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Hi guys, I was an ex audit senior that left for a commercial accounting role. I strongly suggest that if you guys care about the prestige and money just stay put in big 4 and grind through the corporate ladder. You will be handsomely rewarded.

Your audit managers and partners are right, once you go commercial you will be ‘stuck’ and ‘pigeonholed’ in a back office and cost centre roles with very limited progression and measly 3% increment every year. One could be stuck as senior accountant for 5 to 10 or even donkey years who knows. But in audit, you are guaranteed career progression to at least SM level and if you defy all odds and stay on to persevere you will become equity partner one day unless you screwed up. Sky is the limit when you hit equity partner and you will command great respect from ppl around you, unlike commercial roles where you will always be viewed as a back office cost centre (these kind of employees most commercial firms are trying hard to replace u to cut cost). In audit, you are technically a front office/client facing role bringing in the revenue for the firms and hence your career is an iron rice bowl in audit.
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  #7819 (permalink)  
Old 02-06-2022, 03:02 PM
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Hi guys, I was an ex audit senior that left for a commercial accounting role. I strongly suggest that if you guys care about the prestige and money just stay put in big 4 and grind through the corporate ladder. You will be handsomely rewarded.

Your audit managers and partners are right, once you go commercial you will be ‘stuck’ and ‘pigeonholed’ in a back office and cost centre roles with very limited progression and measly 3% increment every year. One could be stuck as senior accountant for 5 to 10 or even donkey years who knows. But in audit, you are guaranteed career progression to at least SM level and if you defy all odds and stay on to persevere you will become equity partner one day unless you screwed up. Sky is the limit when you hit equity partner and you will command great respect from ppl around you, unlike commercial roles where you will always be viewed as a back office cost centre (these kind of employees most commercial firms are trying hard to replace u to cut cost). In audit, you are technically a front office/client facing role bringing in the revenue for the firms and hence your career is an iron rice bowl in audit.


The above post holds the truth accept for FO positions in banks, PE, CFO and financial controller positions and critical financial leadership positions in financial institutions, asset management and property companies.
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  #7820 (permalink)  
Old 02-06-2022, 04:33 PM
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Quote:
Originally Posted by Unregistered View Post

Your audit managers and partners are right, once you go commercial you will be ‘stuck’ and ‘pigeonholed’ in a back office and cost centre roles with very limited progression and measly 3% increment every year. One could be stuck as senior accountant for 5 to 10 or even donkey years who knows. But in audit, you are guaranteed career progression to at least SM level and if you defy all odds and stay on to persevere you will become equity partner one day unless you screwed up.
Change firm if you are stuck? Take charge of your own career.

Anyway don't pretend you already leave big4
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