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Q: Big4 - Yearly salary increment

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  #9211 (permalink)  
Old 05-10-2022, 10:38 PM
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Anyone here personally knows a junior partner?

How much do they roughly earn and whats the buy in?
Will help me decide if the grind is worth it. I see my junior partner hardly comes to office, usually work from home and doesnt reply emails at night . I have no idea how busy she actually is , possibly busy , possibly not. Anyone can share some light? is partner workload very light - I assume so if you have a good SM
Buy in is roughly half a mil, but there will be financing plans for you for the buy in.
Annual compensation is around $400k for audit, but varies between firms. Depends on your portfolio too.



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  #9212 (permalink)  
Old 05-10-2022, 11:53 PM
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Hi guys, may i check if sqp is important? Do i need to pass sqp papers in order to get promoted to managerial positions in big 4 audit? Or it differs across the big 4s whereby some need but some dont need? Thank you all in advance

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  #9213 (permalink)  
Old 06-10-2022, 12:35 AM
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Hi guys, may i check if sqp is important? Do i need to pass sqp papers in order to get promoted to managerial positions in big 4 audit? Or it differs across the big 4s whereby some need but some dont need? Thank you all in advance
All the JHK where got sqp? Ask your big 4 management to wake up their idea.

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  #9214 (permalink)  
Old 06-10-2022, 12:36 AM
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Deloitte is fully committed to paying fair remuneration to its people. Sauce: currently in DT.

Management is not worried about losing staff at all, hence surely the pay must be competitive!
Management don't bother bringing competitive pay package because they know fresh grad are willing to throw themselves at them every year.

There you go. Updated your slogan for you.
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  #9215 (permalink)  
Old 06-10-2022, 08:08 AM
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://.ft.com/content/4d014b21-c4f6-4562-ab33-48a51d0312b0
Accountants work to shed ‘boring’ tag amid hiring crisis

+++++++++++++
In her speech, Ho of the PCAOB identified lower starting salaries compared with other professions as a key problem. “Starting salary in the audit profession is lower than other professions, such as data scientists and IT professionals,” she said. “In my opinion, this is a crisis. We cannot afford a world with no accountants or a capital market with no auditors.”

The US Bureau of Labor Statistics found median annual salary for auditors and accountants nationally to be $77,250 for 2021, though pay for those at the largest firms is significantly higher. Social media forums and jobs boards often carry complaints from early-career accountants about gruelling hours, as well as low pay.
...
And Nasba’s Conrad said an economic downturn might help swing people back to the profession.

“When the economy is good, the market is good, there is a lot of M&A activity, people that might go into accounting may say they’ll go into finance,” she said. “If the economy starts to turn and we start to see lay-offs as we have recently among the investment banks, you may see people coming back to accounting.

“Accounting is solid. You can always get a job as a CPA.”
+++++++++++++

Looks like US auditors also complain about low pay. Although they should really look at what's being paid by sinkie Big 4. They will probably think its some kinda slavery level wage lol.

And the most hilarious thing of all, is when the body that's supposed to promote accounting as a career, publicly admits that their profession's greatest hiring strategy, is to catch those refugees who were laid off from the more prestigious investment banking jobs!

I'm sure this inspires confidence...
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  #9216 (permalink)  
Old 06-10-2022, 08:08 AM
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L

Should I go KPMG or DT tax? Offered both places but they want me to drop rank to associate.

Any advice?
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  #9217 (permalink)  
Old 06-10-2022, 09:30 AM
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Big 4 give you low pay and low rating and still think they're doing right
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  #9218 (permalink)  
Old 06-10-2022, 01:18 PM
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Hi guys, may i check if sqp is important? Do i need to pass sqp papers in order to get promoted to managerial positions in big 4 audit? Or it differs across the big 4s whereby some need but some dont need? Thank you all in advance
No need la but good to have.
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  #9219 (permalink)  
Old 06-10-2022, 01:58 PM
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No need la but good to have.
Thanks for your reply. May i check which color/firm dont need? Because from what i understand is that some require sqp/cpa/acca in order to be promoted to mgr positions but i cant confirm that.
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  #9220 (permalink)  
Old 06-10-2022, 02:21 PM
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L

Should I go KPMG or DT tax? Offered both places but they want me to drop rank to associate.

Any advice?
you are senior in a non big 4 isit? from
big 4 to big 4 shouldn’t drop rank
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