Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

You need to filter out by education level, I would suspect that the auditor pay would barely reach the median of degree-educated folks at the same age range

For that we can look at the Labour Force in Singapore 2020 report which addresses this:

s://stats.mom.gov.sg/iMAS_PdfLibrary/mrsd_2020LabourfForce.pdf
[Page 27, Chart 12]

The median salary of graduates of the local Autonomous Universities in the age range 25-29 in 2020 is $5,090 (including employer CPF).

Excluding employer CPF (17%), it is exactly $4,350. Taking the middle of the age range, the median 27 year-old graduate of Autonomous Universities in Singapore is earning exactly $4,350. That is only marginally above the pay of an auditor 2 years in (graduation age at 25), and below the pay of an auditor 3 years in (graduation age at 24).

And there are industry differences. From the breakdown by industry, the Finance industry has the highest median pay. Though this is not further broken down into age group for each industry. If you compare your accounting job (probably under "Professionals" rather than "Finance") with the Finance industry, it will certainly feel "barely reaching the median", but across the board, it is definitely at least comparable with the median for a local university graduate.

Have a question for mid joiners (meaning you joined a new B4 as a senior either from a different B4 or mid tier)

Are such joiners offered the standard salary band that is thrown around this thread? Or does HR offer you based on last drawn and negotiation?

Originally Posted by Unregistered

For that we can look at the Labour Force in Singapore 2020 report which addresses this:

s://stats.mom.gov.sg/iMAS_PdfLibrary/mrsd_2020LabourfForce.pdf
[Page 27, Chart 12]

The median salary of graduates of the local Autonomous Universities in the age range 25-29 in 2020 is $5,090 (including employer CPF).

Excluding employer CPF (17%), it is exactly $4,350. Taking the middle of the age range, the median 27 year-old graduate of Autonomous Universities in Singapore is earning exactly $4,350. That is only marginally above the pay of an auditor 2 years in (graduation age at 25), and below the pay of an auditor 3 years in (graduation age at 24).

And there are industry differences. From the breakdown by industry, the Finance industry has the highest median pay. Though this is not further broken down into age group for each industry. If you compare your accounting job (probably under "Professionals" rather than "Finance") with the Finance industry, it will certainly feel "barely reaching the median", but across the board, it is definitely at least comparable with the median for a local university graduate.

What’s the takeaway of this analysis?

Originally Posted by Unregistered

What’s the takeaway of this analysis?

He sour people say he earn below average lor

Originally Posted by Unregistered

Have a question for mid joiners (meaning you joined a new B4 as a senior either from a different B4 or mid tier)

Are such joiners offered the standard salary band that is thrown around this thread? Or does HR offer you based on last drawn and negotiation?

Standard salary band.

Originally Posted by Unregistered

He sour people say he earn below average lor

He got baited hard by the troll.

Trolls try to say one short sentence to trigger you, and bait you into writing long paragraph to reply.

They thrive by using their one minute to waste your five minutes.

Any1 knows how much s1 and s2 are paid across the big4 advisory? Would like to have some figures to compare

Originally Posted by Unregistered

Any1 knows how much s1 and s2 are paid across the big4 advisory? Would like to have some figures to compare

you apply to all four companies and see which one select you first then you can have an accurate comparison.

what is the point if none select you in the first place

Originally Posted by Unregistered

you apply to all four companies and see which one select you first then you can have an accurate comparison.

what is the point if none select you in the first place

Dun choose green. They offer the worst.

Originally Posted by Unregistered

you apply to all four companies and see which one select you first then you can have an accurate comparison.

what is the point if none select you in the first place

Too much work. They just want to apply to the one with the highest pay.