Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

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...

Then the risk:reward ratio not worthwhile, you still want to be partner?

Originally Posted by Unregistered

Then the risk:reward ratio not worthwhile, you still want to be partner?

raise fee lor

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?

Originally Posted by Unregistered

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

Partnership is the pinnacle of a professional’s career. It confers on the recipient title, status and wealth. A partner gets paid many times more than a director, yet the roles aren’t 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. That’s 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 you’re in the right area of the business. A growing market. Do something that you’re passionate about – you’ll need to communicate this passion on a daily basis. You must build a personal brand and a network – become “famous” 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. It’s your responsibility. Invest in yourself. Acquire powerful sponsors & mentors, and take every opportunity that you can to learn new things.

Ok noted.

Hard pass. Too much work.

Does blue give any bonus when hiring ppl with cpa aus? Or just sca?

Originally Posted by Unregistered

Ok noted.

Hard pass. Too much work.

That’s why young people nowadays can’t succeed because they are not willing to suffer at the initial stage to enjoy the fruits from their labour.

Is 16 years to partner normal or fast track in big 4