Q: Big4 - Yearly salary increment

Currently a third class, graduating next year. What are the chances of getting into big4 audit?

Currently a third class, what are the chances of getting into big4 audit? Graduating next year

Hi can anyone confirm if the below average pay from senior to SM in a big 4 firm is correct?

S1: 4150
S2: 4700
AM: 5300
M1: 6000
M2: 6700
M3: 7400
M4: 8100
SM1: 9000
SM2: 10000
SM3: 11000
SM4: 12000

Originally Posted by Unregistered

Audit is a relatively low skilled job with long hours, there is only so much you can pay a local to do it instead of quitting before it stops making economical sense.

Not entirely true

Low skilled is only at Intern, or Junior Associate level where the bulk of work is vouching, casting, tracing vouch documents which is really super brain-dead and doesn’t require much critical thinking or technical knowledge. There is relatively little to no element of judgment involved.

At more senior levels, you need knowledge in relevant financial reporting frameworks to execute the work. At higher management levels, it’s more of a project management role.

But the long hours is true.

Originally Posted by Unregistered

Hi can anyone confirm if the below average pay from senior to SM in a big 4 firm is correct?

S1: 4150
S2: 4700
AM: 5300
M1: 6000
M2: 6700
M3: 7400
M4: 8100
SM1: 9000
SM2: 10000
SM3: 11000
SM4: 12000

Seems correct to me

Originally Posted by Unregistered

Hi can anyone confirm if the below average pay from senior to SM in a big 4 firm is correct?

S1: 4150
S2: 4700
AM: 5300
M1: 6000
M2: 6700
M3: 7400
M4: 8100
SM1: 9000
SM2: 10000
SM3: 11000
SM4: 12000

This is disregarding the 20% for Chartered Accountants?

Yes. This is disregarding the 20% SCAQ qualificafion. With the qualification, add an additional 20% increment starting from S2 for blue.

Originally Posted by Unregistered

Yes. This is disregarding the 20% SCAQ qualificafion. With the qualification, add an additional 20% increment starting from S2 for blue.

Ok thank you

But like that the S2 Chartered Accountant will earn more than AM who never take the exam?

Originally Posted by Unregistered

How much is 5k+, low or high 5k?

Why, you wanna move to EY SaT?
S2 is 6k, so you can + - accordingly

Originally Posted by Unregistered

Not entirely true

Low skilled is only at Intern, or Junior Associate level where the bulk of work is vouching, casting, tracing vouch documents which is really super brain-dead and doesn’t require much critical thinking or technical knowledge. There is relatively little to no element of judgment involved.

At more senior levels, you need knowledge in relevant financial reporting frameworks to execute the work. At higher management levels, it’s more of a project management role.

But the long hours is true.

I was speaking more to the junior levels since a good number hop over to corporate around the 3 to 4 year mark.