Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

which color salary is fake?

Green’s salary abit sus.

Currently A2 in Green and I am not drawing 3.8k. Only 3.6k and there is no news of revision

Not bad what considering that u can complete an accountancy degree in 3 yrs. u start earning much earlier than your other peers who take 4 or even 5 years to get a degree. And if u can finish in 3 yrs it says alot abt accountancy as a profession. The work is easy and doesnt need much brains. So even a tunku abdul rahman smk jiuhu can do. So if u enter this industry why complain? If u want high pay then take up more complex work. Dumb bean counters!

FYI Tunku Abdul Rahman is a Former Prime Minister of Malaysia

Originally Posted by Unregistered

Green’s salary abit sus.

Currently A2 in Green and I am not drawing 3.8k. Only 3.6k and there is no news of revision

3.5 > 3.8 > 4.45 > 5

Nothing sus about it. It may just not apply to your role.

Why your data ends at M1?

What about M2 all the way to SM?

Whoever came up with this payscale is a genius. It starts low but climbs consistently and fairly fast.

It’s a win-win-win for the firm.

Instead of paying you a stable/consistent pay over 5 years, they pay you lower in starting years and higher in later years.

This allow them to weed out the ones who don’t intend to stay long - so they don’t have to pay you as much. These people either can’t endure or adapt lifestyle or just using the firm as a springboard.

Plus it entices people who are indecisive (don’t really like the job but also don’t hate it enough to quit) to stay - because you’ve gone through the Associate years and Senior years is just “a little bit further.” There’s a bit jump next year, just stay la. You can keep thinking this way year after year and end up staying longer than intended.

And it motivates the people who can endure and are it in for the long haul that you can stay from 3k+ and eventually reach over 8k or 9k as Senior Manager.

Just one tip: Do factor in time value of money and total cumulative earnings over your career. Compare against your peers who started outside too.

This is the kind of boomer thinking that’s why attrition rate is atrocious. Think it is like 25% now for big 4.

Originally Posted by Unregistered

Whoever came up with this payscale is a genius. It starts low but climbs consistently and fairly fast.

It’s a win-win-win for the firm.

Instead of paying you a stable/consistent pay over 5 years, they pay you lower in starting years and higher in later years.

This allow them to weed out the ones who don’t intend to stay long - so they don’t have to pay you as much. These people either can’t endure or adapt lifestyle or just using the firm as a springboard.

Plus it entices people who are indecisive (don’t really like the job but also don’t hate it enough to quit) to stay - because you’ve gone through the Associate years and Senior years is just “a little bit further.” There’s a bit jump next year, just stay la. You can keep thinking this way year after year and end up staying longer than intended.

And it motivates the people who can endure and are it in for the long haul that you can stay from 3k+ and eventually reach over 8k or 9k as Senior Manager.

Just one tip: Do factor in time value of money and total cumulative earnings over your career. Compare against your peers who started outside too.

Originally Posted by Unregistered

Whoever came up with this payscale is a genius. It starts low but climbs consistently and fairly fast.

It’s a win-win-win for the firm.

Instead of paying you a stable/consistent pay over 5 years, they pay you lower in starting years and higher in later years.

This allow them to weed out the ones who don’t intend to stay long - so they don’t have to pay you as much. These people either can’t endure or adapt lifestyle or just using the firm as a springboard.

Plus it entices people who are indecisive (don’t really like the job but also don’t hate it enough to quit) to stay - because you’ve gone through the Associate years and Senior years is just “a little bit further.” There’s a bit jump next year, just stay la. You can keep thinking this way year after year and end up staying longer than intended.

And it motivates the people who can endure and are it in for the long haul that you can stay from 3k+ and eventually reach over 8k or 9k as Senior Manager.

Just one tip: Do factor in time value of money and total cumulative earnings over your career. Compare against your peers who started outside too.

Peers who started out outside started at a higher pay, and are still earning a higher pay.
They have better working hours with a lot more free time. Their jobs send them overseas too. They are happier and healthier.

Only the frogs in well will think that audit is great and the only way to go. Narrow minded people.

Let’s compare the salaries between an auditor and commercial joe

Ambitious Type A Auditor Joe
Year 1: 3.5k
Year 2: 3.8k
Year 3: 4.5k
Year 4: 5k
Year 5: 5.5k
Year 6: 6.4K

Average Type B Commercial Joe (3% market increment you)
Year 1: 4.5k
Year 2: 4.635k
Year 3: 4.77k
Year 4: 4.92k
Year 5: 5.06k
Year 6: 5.2k

It only takes 4 years for an auditor to surpass the commercial Joe in terms of salary, and the pay gay widens more as years pass.

You know which will be a better option, it’s simple math and it’s such a pity nowadays Strawberry gen can’t understand that auditor is a late game hero hello??

Understand but not interested.

YOLO.

While you working to midnight, I partying and getting laid.