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Q: Big4 - Yearly salary increment

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  #8821 (permalink)  
Old 03-09-2022, 02:21 PM
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Quite a jump! Sounds good

To those who are still in audit, can I ask what keeps you going?

During my time, almost a decade ago, it was a 87.5/90, 3.85/4.0 course

Is the end goal to go into mnc to be controller or CFO?

Or has the dream fallen apart?
Your batch is the one that spoil market seriouslyÖ

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  #8822 (permalink)  
Old 03-09-2022, 07:06 PM
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how about senior 1? is the same for all dept?
offer letter mentioned assistants 15 days AL, seniors and above 20 days

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  #8823 (permalink)  
Old 03-09-2022, 07:45 PM
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Hihi, if you donít mind me asking, can share more about your time a decade ago? How were things like in terms of environment and culture? Why people with 87.5 or 3.85 want to come here work long hours for 3k? (Or was it even lower back then?)

I have heard a lot of stories about your generation but donít have any friends who are like in mid 30s to ask. Just always hear from my boss comparing we are not hungry enough compared to last time.
There were second lower to FCH. It is not the ideal job for FCHs even in those times, but you do see a couple of FCH doing it and it was seen as a viable starting career. Not well paying, but you get a decent base after a couple of years and there is an guaranteed upgrade of responsibilities overtime (career progression).

Hours are bad, and the culture could be bad or bearable depending on which team and seniors/managers that you are working with. People do complain alot too. But if there are deliverables and timeline, people will put in the hours and badger the clients to get things done. If one dislikes it, we will just leave after 1 - 4 years. Typically, you will have 50% +- per batch to last till senior 2nd year, and 20%+- last till manager.

I am not sure how different it is now. I could see how there would be a ton of complaints or a higher level of unwillingness to join the industry. But I assume for those who joined, basic work ethics and principles such as meeting deadlines and completion of deliverables are being uphold?

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  #8824 (permalink)  
Old 04-09-2022, 12:46 AM
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There were second lower to FCH. It is not the ideal job for FCHs even in those times, but you do see a couple of FCH doing it and it was seen as a viable starting career. Not well paying, but you get a decent base after a couple of years and there is an guaranteed upgrade of responsibilities overtime (career progression).

Hours are bad, and the culture could be bad or bearable depending on which team and seniors/managers that you are working with. People do complain alot too. But if there are deliverables and timeline, people will put in the hours and badger the clients to get things done. If one dislikes it, we will just leave after 1 - 4 years. Typically, you will have 50% +- per batch to last till senior 2nd year, and 20%+- last till manager.

I am not sure how different it is now. I could see how there would be a ton of complaints or a higher level of unwillingness to join the industry. But I assume for those who joined, basic work ethics and principles such as meeting deadlines and completion of deliverables are being uphold?
Also interested to join hows the team composition. Like a lot local or jhk. And whether mgr review the work or jusr short cut stuff when deadlines are tight. Some even with no work done etc. Does that happen a last time. Seems quite common nowsaday. Can understand why more ppl complain audit is a bullshyt job now. And u not even sure those mgr are competent enough or bcos they stay long enough to be at that position.
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  #8825 (permalink)  
Old 04-09-2022, 01:08 AM
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Also interested to join hows the team composition. Like a lot local or jhk. And whether mgr review the work or jusr short cut stuff when deadlines are tight. Some even with no work done etc. Does that happen a last time. Seems quite common nowsaday. Can understand why more ppl complain audit is a bullshyt job now. And u not even sure those mgr are competent enough or bcos they stay long enough to be at that position.
S4 level and above will have more jhk, which is inevitable. If that particular batch has a higher than usual attrition rate, they will need to fill the gap. I know this forum complain alot of jhk. I left at S4, but those that I work with or talk to were actually quite ok.

Lack of guidance/managers' review were always there, and I am pretty sure these are perennial issues because of silly staffing arrangement/budgeting, and that will result in a negative loop of lack of manpower and uneven quality. You end up self learn and do thing in ways that you believe is correct, without people's review or get wrong review. If you are good, it is fine. If you are bad, you contribute to the negative loop. At one point, I stop rolling forward AWP and just cut/modify them, because there are AWP that are unnecessary or just plain wrong.

The negatives have been there. How much you take away from your job, depends on yourself and some adjustment of mentality.
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  #8826 (permalink)  
Old 04-09-2022, 07:43 AM
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Hihi, if you donít mind me asking, can share more about your time a decade ago? How were things like in terms of environment and culture? Why people with 87.5 or 3.85 want to come here work long hours for 3k? (Or was it even lower back then?)

I have heard a lot of stories about your generation but donít have any friends who are like in mid 30s to ask. Just always hear from my boss comparing we are not hungry enough compared to last time.
Was the one who shared the decade ago comment
During then, computing wasnít one of the top degrees yet

It was law/Med
Then Chem engineering / Pharma / accounting / biz

So in acc, we had a lot of the law/Med rejects

Our parents told us at least it was a professional degree, and we could make something out of ourselves
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  #8827 (permalink)  
Old 04-09-2022, 07:48 AM
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Anyway yeah, my friends have mostly left already
Some are accountants, others went into FP&A
Some went into teach, others went into banks

All in all, only 2 I know who are still in the audit firms
But they feel that their pay could be higher

ESP for the girls, itís hard to find a partner with the hours
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  #8828 (permalink)  
Old 04-09-2022, 12:21 PM
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Work style is changing already.

Last time the associates wonít dare to leave before the seniors.

Now? I got associates who just leave and say donít make it their problem and expect them to OT when itís the manager who went to promise such a tight timeline while giving them such a short timeframe.
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  #8829 (permalink)  
Old 04-09-2022, 12:24 PM
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Also I suspect Covid / work from home really weakened the bonds between teams.

Last time we will feel bad, and just suck it up to not disappoint our seniors who we view as close friends going through thick and thin together.

Now they view seniors as just a person or a name on the other end of the zoom call, some more a lot people donít even turn on camera.

Naturally you donít feel bonded or committed to this person.
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  #8830 (permalink)  
Old 04-09-2022, 01:09 PM
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Also I suspect Covid / work from home really weakened the bonds between teams.

Last time we will feel bad, and just suck it up to not disappoint our seniors who we view as close friends going through thick and thin together.

Now they view seniors as just a person or a name on the other end of the zoom call, some more a lot people donít even turn on camera.

Naturally you donít feel bonded or committed to this person.
No la its just a job that serve no purpose.

16hrs a day go there flip papers and copy and paste. Mgr also know how to say yes to partners and client but on tgeur end not doing what they shld be doing.
Some job fully dont review. Useless ppl at wrong role. Jhk just there to get the money while wasting their life away. Whats worst is discrimination at work place becos there is lesser locals. Its amazing how the firm is filled with more than 70% non local, include pr.
Locals are just quoto for the pass limit. Increment of 500buck is to match the up coming e pass. Please dont be dumb to join thinking u worth that.. becos u worth more. Only stupid 1 go in there be a quoto for them to get more passes.
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