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Q: Big4 - Yearly salary increment

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  #8401 (permalink)  
Old 03-07-2022, 07:35 AM
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which color salary is fake?
Greenís salary abit sus.

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

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  #8402 (permalink)  
Old 03-07-2022, 10:25 AM
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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!

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  #8403 (permalink)  
Old 03-07-2022, 11:29 AM
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FYI Tunku Abdul Rahman is a Former Prime Minister of Malaysia

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  #8404 (permalink)  
Old 03-07-2022, 11:30 AM
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Greenís 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.
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  #8405 (permalink)  
Old 03-07-2022, 11:31 AM
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Why your data ends at M1?

What about M2 all the way to SM?
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  #8406 (permalink)  
Old 03-07-2022, 11:39 AM
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Whoever came up with this payscale is a genius. It starts low but climbs consistently and fairly fast.

Itís 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 donít intend to stay long - so they donít have to pay you as much. These people either canít endure or adapt lifestyle or just using the firm as a springboard.

Plus it entices people who are indecisive (donít really like the job but also donít hate it enough to quit) to stay - because youíve gone through the Associate years and Senior years is just ďa little bit further.Ē Thereís 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.
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  #8407 (permalink)  
Old 03-07-2022, 12:31 PM
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This is the kind of boomer thinking thatís why attrition rate is atrocious. Think it is like 25% now for big 4.


Quote:
Originally Posted by Unregistered View Post
Whoever came up with this payscale is a genius. It starts low but climbs consistently and fairly fast.

Itís 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 donít intend to stay long - so they donít have to pay you as much. These people either canít endure or adapt lifestyle or just using the firm as a springboard.

Plus it entices people who are indecisive (donít really like the job but also donít hate it enough to quit) to stay - because youíve gone through the Associate years and Senior years is just ďa little bit further.Ē Thereís 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.
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  #8408 (permalink)  
Old 03-07-2022, 12:45 PM
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Quote:
Originally Posted by Unregistered View Post
Whoever came up with this payscale is a genius. It starts low but climbs consistently and fairly fast.

Itís 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 donít intend to stay long - so they donít have to pay you as much. These people either canít endure or adapt lifestyle or just using the firm as a springboard.

Plus it entices people who are indecisive (donít really like the job but also donít hate it enough to quit) to stay - because youíve gone through the Associate years and Senior years is just ďa little bit further.Ē Thereís 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.
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  #8409 (permalink)  
Old 03-07-2022, 01:08 PM
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Letís 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, itís simple math and itís such a pity nowadays Strawberry gen canít understand that auditor is a late game hero hello??
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  #8410 (permalink)  
Old 03-07-2022, 01:13 PM
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Understand but not interested.

YOLO.

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