Q: Big4 - Yearly salary increment

Originally Posted by Unregistered Yellow

I'm an SM in yellow (consulting), alot of 'rah rah' news from townhalls, etc that there will be a new compensation scheme. But as of today no concrete details whatsoever, apart from 'wait for it' and we will release more news closer to Sept/Oct.

But alot of my colleagues and team members fed up and have left the firm. Hard not to do so when outside offers are almost 20-30% more than our salary for FY2021.

I am going to grad soon and applying for big 4. I heard that yellow firm culture is bad, is it true?

Originally Posted by Unregistered Yellow

I'm an SM in yellow (consulting), alot of 'rah rah' news from townhalls, etc that there will be a new compensation scheme. But as of today no concrete details whatsoever, apart from 'wait for it' and we will release more news closer to Sept/Oct.

But alot of my colleagues and team members fed up and have left the firm. Hard not to do so when outside offers are almost 20-30% more than our salary for FY2021.

Hi how much were you drawing as an SM? Forum posts suggest it should be 8-9k

Originally Posted by Unregistered

I am going to grad soon and applying for big 4. I heard that yellow firm culture is bad, is it true?

Can't speak for audit. Consulting wasn't really good a few years back, but much better now.

Originally Posted by Unregistered

Hi how much were you drawing as an SM? Forum posts suggest it should be 8-9k

Lets just say it's at the higher end of the range you quoted.

Originally Posted by Unregistered

Lets just say it's at the higher end of the range you quoted.

Thank you. As a fellow associate, mind sharing how many years you were an M before promoted to SM? Thanks!

I’m not in any of the Big4 but am interested to join.

Which one has the highest salary offer?

Originally Posted by Unregistered

I am going to grad soon and applying for big 4. I heard that yellow firm culture is bad, is it true?

Morale very low now.

Originally Posted by Unregistered

Morale very low now.

morale improve after boosted increment?

Originally Posted by Unregistered

morale improve after boosted increment?

increment is not out yet.... tbh with so much work now.. need more people to tank.

How long does it take to reach 100K pa in big4?

Originally Posted by Unregistered

morale improve after boosted increment?

Haha with the amount of work and high resignations, do you think the morale can be boosted so easily? They have to make early announcement on the increment news if not there are really no one left. Expect another big wave of resignations after bonus and things will get even worse.

If you have a choice, dont join big 4, especially EY. With the stricter regulations and tight margins, things are getting worse by the day. There are no aws, no weekends-need to work to clear workloads and study sqp, no culture-most homegrown seniors/managers have already left, and unappreciative partners who are turning a deaf ear to the staff suffering, you need to seriously consider whether you really want to join them. The wage and career progression are not as good as its heydays.