Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

You have proven yourself to be average by joining big 4 audit

Nah, there’s no difference tbh.

If you are capable, you will succeed no matter where you go.

If you are incompetent, you will probably just be mediocre.

Originally Posted by Unregistered

i don't disagree with you.

i think most ppl going into B4 are the average achiever sort. reasonable grades in uni, but not outstanding. beyond prioritizing studying for finals to get good GPA/CAP, they dont bother to buff up their CV, compete for sought after internships or take part in case comps during the holidays, or get some valuable certs.

hence, average achievers (in terms of all rounders). not blaming them cos not everyone is a 'Type A' achiever but as a result, these kind of uni students aren't competitive for the more 'sought after' grad roles. hence, they go into B4 careers which are comparatively average.

just my 2 cents.

Of course the majority of joiners are going to be average performers. But there are also top scorers and high fliers who come Big 4 gunning for the top role.

Originally Posted by Unregistered

Nah, there’s no difference tbh.

If you are capable, you will succeed no matter where you go.

If you are incompetent, you will probably just be mediocre.

That's true but you're ignoring the mismatch part. Look at it another way. Everyone should ideally work in a job suited to the level of their calibre for the most optimal outcome

A top SWE will of course excel in small local tech Sme but it's far better for him to work in google

A top finance grad can work on DBS but it's better for him to work on GS

Same with big 4. Even though top grads will definitely excel in it, their full potential is wasted working in audit. Truth is, the effort to reward ratio for audit is just not worth it for the high flyers

Originally Posted by Unregistered

How much B4 kool aid have you drunk bro?

There are many places and industries where a non-fch, decent grades local uni grad can hit 6 digits annual comp 3 or 4 years in. Tech, O&G or finance for instance. And with comparable or lesser pain points. B4 progression is steady but saying its a hard-to-beat deal is beyond overselling it.

O&G you mean the sunset industry? Loooooooool.

Tech finance and consulting have high up or out culture. Up to you to decide if it's something you want to deal with. IB,consulting and big4 attrition rate sama sama la

Originally Posted by Unregistered

That's true but you're ignoring the mismatch part. Look at it another way. Everyone should ideally work in a job suited to the level of their calibre for the most optimal outcome

A top SWE will of course excel in small local tech Sme but it's far better for him to work in google

A top finance grad can work on DBS but it's better for him to work on GS

Same with big 4. Even though top grads will definitely excel in it, their full potential is wasted working in audit. Truth is, the effort to reward ratio for audit is just not worth it for the high flyers

Optimal for who? Some people are more comfortable and perform better being the big fish in their pond

Originally Posted by Unregistered

That's true but you're ignoring the mismatch part. Look at it another way. Everyone should ideally work in a job suited to the level of their calibre for the most optimal outcome

A top SWE will of course excel in small local tech Sme but it's far better for him to work in google

A top finance grad can work on DBS but it's better for him to work on GS

Same with big 4. Even though top grads will definitely excel in it, their full potential is wasted working in audit. Truth is, the effort to reward ratio for audit is just not worth it for the high flyers

If you’re a top accounting graduate (FCH, DL), then do seriously consider Big 4 - but you will be gunning for the top role unlike your peers.

To my knowledge from LinkedIn, since 2015, every other year (2015, 2017, 2019, 2021), I see a LKY Gold Medalist (top student) starting their career in Big 4. But these are not your average folk as described in the other post.

Originally Posted by Unregistered

If you’re a top accounting graduate (FCH, DL), then do seriously consider Big 4 - but you will be gunning for the top role unlike your peers.

To my knowledge from LinkedIn, since 2015, every other year (2015, 2017, 2019, 2021), I see a LKY Gold Medalist (top student) starting their career in Big 4. But these are not your average folk as described in the other post.

s://.straitstimes.com/singapore/education/7-in-10-ntu-students-land-jobs-ahead-of-graduation-according-to-survey

^ 2015 This guy was top scorer in both accountancy and business (double degree). I don’t think he’ll appreciate being called average.

Originally Posted by Unregistered

Every year also promote (A>SA>AM>M) and total comp 6 digits by the time you hit manager (5 to 6 years). This deal is hard to beat.

Manager can hit 6 digits? I think your math is a little off. IIRC manager pay is about $6/month which adds to $72k/year. Even with a 2 month bonus you're only at $84k. Really don't see how you can reach 6 digits unless you're talking about M3 and not M1 but that's more like 7/8 years of experience and not 5 to 6.

Originally Posted by Unregistered

Optimal for who? Some people are more comfortable and perform better being the big fish in their pond

optimal for personal career, dude. The much lauded 'steady progression' in big 4 is not as uncommon as u think in many other countries. plus you're starting on a very below-average starting base salary.

better to start at as high a salary as possible when you're young. especially when u're aiming to buy a house and get married and put the rest in investments etc.

Some poster above cited a double degree NtU top scorer who went to KPMG in 2015. i think he seriously made the wrong choice.

this dude is the 2021 NBS valedictorian for BBus & BAcc double degree. Bain & Co associate consultant. this should be the kind of roles tt top scorers should aim for. where the comp and exit options are commensurate with their talents:
s://.linkedin.com/in/chow-kai-jin

Originally Posted by Unregistered

optimal for personal career, dude. The much lauded 'steady progression' in big 4 is not as uncommon as u think in many other countries. plus you're starting on a very below-average starting base salary.

^ typo: companies, not countries