Q: Big4 - Yearly salary increment - Page 801 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Q: Big4 - Yearly salary increment

Reply
 
Thread Tools
  #8001 (permalink)  
Old 11-06-2022, 10:23 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Damn, Posts like these make me feel old.

I come from a time where people work hard for 2nd Upper because it’ll improve their odds of getting into Big Four, and even the FCH / some Dean Listers head to Big Four to kickstart their career.

Yea we know about the hours and the low points of the job, but we felt the trade offs were justified with accelerated progression, learning opportunities, and getting to manager in just five years.
All these hoops for a 3k starting salary? Same as the jhks

Reply With Quote
  #8002 (permalink)  
Old 11-06-2022, 10:52 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I wait 5 to 6 mths for this. After this is call interview then video record interview then zoom or msteam interview then see rejected anot.. b4 interview need do short assay.. i got rejected .. yellow god bless
Waited 5-6 months for your application status to change to under review? Also, For which role?

Reply With Quote
  #8003 (permalink)  
Old 11-06-2022, 10:55 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
All these hoops for a 3k starting salary? Same as the jhks
During my time it wasn’t even 3k yet.

But to us we saw more long term instead of going after instant gratification.

So it wasn’t all about the salary, as unusual as that may sound.

Reply With Quote
  #8004 (permalink)  
Old 12-06-2022, 12:10 AM
Unregistered
Guest
 
Posts: n/a
Default

://.afr.com/companies/professional-services/ey-to-tell-staff-spin-off-will-offer-more-opportunities-20220608-p5as2m

Nobody concerned about this? EY split of consulting arm? Lesser upside as a partner in the audit entity if yellow splits audit & consulting.

===============
But an executive search veteran who works in the sector warned that the financial attraction of becoming a partner would be diluted if EY’s consulting operation had outside ownership.

This was because a share of the profit would have to go to the new owners or shareholders in a separated advisory firm, rather than being distributed to equity partners as is currently done, he said.

“If you’re not a partner, what does it mean for you? I would suggest some of the attraction of working in the environment would be diluted,” the person said. “A large attraction of working at a firm like EY is to become an equity partner. So if you are not a [currently a] partner, I would suggest you’re not going to benefit much from any transaction.

Partners have ‘vested interest’ in a split
The veteran, who asked not to be named because he did not want to upset EY’s partnership, said the staff would be keenly aware that partners had a “vested interest” in promoting the split because they would be in line for a windfall if the consulting arm was split.

“That’s going to drive certain behaviours and bias around the transaction itself. I don’t think the immediate transaction is inevitable. If you’re an experienced equity partner... they will be expecting at least a seven-figure payout. I also don’t buy into the narrative it’s going to make more opportunities naturally.”

Another executive search veteran, Warwick Bowd, a managing partner at executive search firm Derwent, said any split would disrupt the steady partnership path that big four firms offered staff.

Warwick Bowd, a managing partner at executive search firm Derwent.

“The whole big four career proposition is largely based around a steady, somewhat predictable pathway to partnership, so when you have uncertainty or speculation of any kind it has the potential to make people feel uncomfortable,” Mr Bowd said
======
The senior EY source rejected the idea that the split was being examined purely to line the pockets of equity partners, but acknowledged that the partners would be well aware they would receive the bulk of the proceeds of any sale.


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #8005 (permalink)  
Old 12-06-2022, 10:56 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
://.afr.com/companies/professional-services/ey-to-tell-staff-spin-off-will-offer-more-opportunities-20220608-p5as2m

Nobody concerned about this? EY split of consulting arm? Lesser upside as a partner in the audit entity if yellow splits audit & consulting.

===============
But an executive search veteran who works in the sector warned that the financial attraction of becoming a partner would be diluted if EY’s consulting operation had outside ownership.

This was because a share of the profit would have to go to the new owners or shareholders in a separated advisory firm, rather than being distributed to equity partners as is currently done, he said.

“If you’re not a partner, what does it mean for you? I would suggest some of the attraction of working in the environment would be diluted,” the person said. “A large attraction of working at a firm like EY is to become an equity partner. So if you are not a [currently a] partner, I would suggest you’re not going to benefit much from any transaction.

Partners have ‘vested interest’ in a split
The veteran, who asked not to be named because he did not want to upset EY’s partnership, said the staff would be keenly aware that partners had a “vested interest” in promoting the split because they would be in line for a windfall if the consulting arm was split.

“That’s going to drive certain behaviours and bias around the transaction itself. I don’t think the immediate transaction is inevitable. If you’re an experienced equity partner... they will be expecting at least a seven-figure payout. I also don’t buy into the narrative it’s going to make more opportunities naturally.”

Another executive search veteran, Warwick Bowd, a managing partner at executive search firm Derwent, said any split would disrupt the steady partnership path that big four firms offered staff.

Warwick Bowd, a managing partner at executive search firm Derwent.

“The whole big four career proposition is largely based around a steady, somewhat predictable pathway to partnership, so when you have uncertainty or speculation of any kind it has the potential to make people feel uncomfortable,” Mr Bowd said
======
The senior EY source rejected the idea that the split was being examined purely to line the pockets of equity partners, but acknowledged that the partners would be well aware they would receive the bulk of the proceeds of any sale.
Final year local uni student here. This is very informative, thank you for this
Reply With Quote
  #8006 (permalink)  
Old 12-06-2022, 11:48 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
://.afr.com/companies/professional-services/ey-to-tell-staff-spin-off-will-offer-more-opportunities-20220608-p5as2m

Nobody concerned about this? EY split of consulting arm? Lesser upside as a partner in the audit entity if yellow splits audit & consulting.
Obviously nobody cares about this here lah. The horizon of posters here doesn't even extend beyond 3 years given the obsession with minute pay increases, job applications and bashing foreigners. You can tell that everyone here is either a uni student, a fresh grad or A1-A2.

Only SMs and above care about this, and they wouldn't be posting here.
Reply With Quote

  #8007 (permalink)  
Old 12-06-2022, 12:33 PM
Unregistered
Guest
 
Posts: n/a
Default

how many partners did yellow admit this year
Reply With Quote
  #8008 (permalink)  
Old 12-06-2022, 01:01 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Damn, Posts like these make me feel old.

I come from a time where people work hard for 2nd Upper because it’ll improve their odds of getting into Big Four, and even the FCH / some Dean Listers head to Big Four to kickstart their career.

Yea we know about the hours and the low points of the job, but we felt the trade offs were justified with accelerated progression, learning opportunities, and getting to manager in just five years.
After 5 years another 5 years. And after 40s still doing no value or purpose stuff. Some evb some ethical issues to short cut and falsify findings. Chasing for position and cash while doing the wrong thing or no purpose shyt.


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #8009 (permalink)  
Old 12-06-2022, 03:36 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
During my time it wasn’t even 3k yet.

But to us we saw more long term instead of going after instant gratification.

So it wasn’t all about the salary, as unusual as that may sound.
times have changed
Reply With Quote
  #8010 (permalink)  
Old 12-06-2022, 06:24 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Obviously nobody cares about this here lah. The horizon of posters here doesn't even extend beyond 3 years given the obsession with minute pay increases, job applications and bashing foreigners. You can tell that everyone here is either a uni student, a fresh grad or A1-A2.

Only SMs and above care about this, and they wouldn't be posting here.
Got a few SAs la
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Salary Increment to be 5.2% Salary.sg Income and Jobs 1 25-09-2021 07:24 PM
Yearly increment Button Income and Jobs 29 06-01-2018 09:43 PM
Annual Increment for Civil Service 2011 bswuming87 Income and Jobs 4 10-04-2011 09:19 PM
Annual Increment 1nch3r Income and Jobs 0 12-11-2010 12:36 AM
Can your Increment beat Inflation? Salary.sg Investments and Net Worth 9 24-04-2008 03:37 PM

» 30 Recent Threads
Hospital (Private or Public)... ( 1 2 3... Last Page)
1,004 Replies, 511,034 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
18,722 Replies, 5,600,184 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,593 Replies, 4,025,867 Views
Lawyer Salary ( 1 2 3... Last Page)
21,477 Replies, 10,912,888 Views
Career as Teacher ( 1 2 3... Last Page)
11,829 Replies, 7,266,879 Views
GovTech ( 1 2 3... Last Page)
6,675 Replies, 2,666,323 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,625 Replies, 3,676,703 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
2,356 Replies, 1,200,816 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
930 Replies, 494,994 Views
Roles in accenture singapore ( 1 2 3... Last Page)
8,192 Replies, 2,604,175 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,963 Replies, 1,579,559 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,441 Replies, 730,630 Views
Compare civil service salary ( 1 2 3... Last Page)
16,531 Replies, 13,019,131 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,690 Replies, 1,518,464 Views
JP Morgan ( 1 2 3... Last Page)
215 Replies, 195,903 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,591 Replies, 1,274,285 Views
Any Ministry or Statboard still... ( 1 2 3)
29 Replies, 14,951 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
6,124 Replies, 4,963,022 Views
New Employer asked for CPF...
5 Replies, 19,462 Views
MFA- Foreign Service... ( 1 2 3... Last Page)
67 Replies, 91,643 Views
Keppel Associate Programme 2018 ( 1 2 3... Last Page)
42 Replies, 53,270 Views
Best Stat board/Ministry ( 1 2 3)
24 Replies, 39,413 Views
ST Electronics ( 1 2 3... Last Page)
3,972 Replies, 1,714,507 Views
For those with 2-5 YOE, what is... ( 1 2 3... Last Page)
1,207 Replies, 483,079 Views
Rakuten Software Engineer (Fresh... ( 1 2)
13 Replies, 6,668 Views
Salary for JPM Summer Analyst
2 Replies, 196 Views
DSO (under Mindef) ( 1 2 3... Last Page)
55 Replies, 72,278 Views
INL Agency? Brand Communication...
6 Replies, 833 Views
How much are you earning per annum? ( 1 2 3... Last Page)
14,390 Replies, 6,665,721 Views
Working in SIT (Singapore...
4 Replies, 6,226 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 01:04 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2