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Q: Big4 - Yearly salary increment

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  #8661 (permalink)  
Old 31-07-2022, 05:41 PM
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You already self-conclude what.
Equity partner's take & SM gunning for partner's take: **** idea
Everyone else down the chain: Great idea! Support.
Please read again, OP stated his/her view, asking for opinions...

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  #8662 (permalink)  
Old 31-07-2022, 08:00 PM
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Then the risk:reward ratio not worthwhile, you still want to be partner?

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  #8663 (permalink)  
Old 31-07-2022, 08:40 PM
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Then the risk:reward ratio not worthwhile, you still want to be partner?
raise fee lor

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  #8664 (permalink)  
Old 31-07-2022, 09:07 PM
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my suggestion:
Govt can regulate and set a quota to the number of CPAs eligible to sign. Lower competition to push fees up.
Audit firms can only let these signing CPAs be profit sharing since they are the ones bearing the risk. everyone else salaried.
Can this work?
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  #8665 (permalink)  
Old 31-07-2022, 10:09 PM
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Then the risk:reward ratio not worthwhile, you still want to be partner?
We keep hearing this risk reward thing in audit. Sound like an excuse for partners to get their big pay checks. When you reduce turnover rate and have more capable managers and associates staying longer in firms, the risks per se decline. High risk now because new employees are constantly hired with too little time to understand clients fully
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  #8666 (permalink)  
Old 01-08-2022, 12:07 AM
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Partnership is the pinnacle of a professionalís career. It confers on the recipient title, status and wealth. A partner gets paid many times more than a director, yet the roles arenít too dissimilar in terms of skills, hours, stress and inputs. The average Big 4 partner was paid almost £700,000 in the UK last year. Thatís roughly 6 times what a director gets paid, and about 25 times the national average wage. Making partner is about getting as far as your skills will take you, and being rewarded for it.

Key to your success is the creation of a plan. So, what should your plan look like? Make sure that youíre in the right area of the business. A growing market. Do something that youíre passionate about Ė youíll need to communicate this passion on a daily basis. You must build a personal brand and a network Ė become ďfamousĒ for what you do. Develop the broad-based business skills required to successfully build and run a portfolio of clients, and learn how to sell professional services. Most of all, do not expect your firm to get you to partner. Itís your responsibility. Invest in yourself. Acquire powerful sponsors & mentors, and take every opportunity that you can to learn new things.
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  #8667 (permalink)  
Old 01-08-2022, 07:54 AM
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Ok noted.

Hard pass. Too much work.
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  #8668 (permalink)  
Old 01-08-2022, 09:25 PM
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Does blue give any bonus when hiring ppl with cpa aus? Or just sca?
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  #8669 (permalink)  
Old 01-08-2022, 10:00 PM
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Ok noted.

Hard pass. Too much work.
Thatís why young people nowadays canít succeed because they are not willing to suffer at the initial stage to enjoy the fruits from their labour.
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  #8670 (permalink)  
Old 01-08-2022, 11:13 PM
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Is 16 years to partner normal or fast track in big 4
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