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Q: Big4 - Yearly salary increment

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  #4111 (permalink)  
Old 10-12-2021, 01:46 PM
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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
So is you deciding what is optimal for a person? People want to work where you huan lo? Go into banking then get so burnt out become hawker? LOL

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  #4112 (permalink)  
Old 10-12-2021, 01:59 PM
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I’m a FCH. The above truth is not the whole truth - while we are not saying Big4 offers “the best deal” in the market, it is a consistent and reliable way there. The alternatives you mentioned are much harder to get in.
When are you leaving? The valedictorians and most FCHs that I know have all left. Even those that hardcore say "audit for life" have left.

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  #4113 (permalink)  
Old 10-12-2021, 02:02 PM
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Some poster above cited a double degree NtU top scorer who went to KPMG in 2015. i think he seriously made the wrong choice.
He has left and is doing well in and outside KPMG.

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  #4114 (permalink)  
Old 10-12-2021, 02:11 PM
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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.
Some M1s now got S$7.2k.

S$7.2k x 14 = S$100k.
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  #4115 (permalink)  
Old 10-12-2021, 02:15 PM
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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.
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Some M1s now got S$7.2k.

S$7.2k x 14 = S$100k.
I'm guessing the difference between the numbers provided by the 2 of you is because of KPMG's 20% raise? Since 6k * 1.2 just nice = 7.2k.

Please correct me if mistaken.
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  #4116 (permalink)  
Old 10-12-2021, 02:17 PM
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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.
s://.linkedin.com/in/chow-kai-jin
But the NBS LKY Gold Medalist for Accountancy in 2021 went B4 instead.
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  #4117 (permalink)  
Old 10-12-2021, 02:20 PM
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I'm guessing the difference between the numbers provided by the 2 of you is because of KPMG's 20% raise? Since 6k * 1.2 just nice = 7.2k.

Please correct me if mistaken.
Yellow adjusted the salaries 2 months ago. M1 from tax now got S$7k+. Not sure about audit. Should be similar I guess.


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  #4118 (permalink)  
Old 10-12-2021, 02:22 PM
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Yellow adjusted the salaries 2 months ago. M1 from tax now got S$7k+. Not sure about audit. Should be similar I guess.
Oh then this is quite recent news.

Sorry some of us are dinosaurs from a previous generation haha.
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  #4119 (permalink)  
Old 10-12-2021, 02:31 PM
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Keep going guys! It's with such passionate posts and views that provides the readers insights in to a career at Big4.
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  #4120 (permalink)  
Old 10-12-2021, 04:07 PM
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Asides from audit, the tech consulting in B4 pays quite well for Manager grade too. 7k x 14 months for someone with 4 to 5 years exp is decent.
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