Q: Big4 - Yearly salary increment

Does Big 4 consulting have a lot of politics?

i am a big4 partner. i am so successful in life.

Hi all,

Does EY provide mobile allowance?

Thank you.

Originally Posted by Unregistered

i am a big4 partner. i am so successful in life.

How are equity sg partners paid ?
Monthly or how

Originally Posted by Unregistered

How are equity sg partners paid ?
Monthly or how

You buy in at an extortionate amount for your fixed share of equity. No capital? Firm offers you a loan to fund your buy-in and you hope you generate enough annually to pay off the loan + interest and hv some leftover for yourself n to contribute your own cpf. Oh and pay income tax.

Every month u draw a measly sum of the firm's anticipated profits based on your fixed share.

Slog for a few years and your share will gradually increase, and you upgrade from drawing a measly sum to a not so measly sum.

Slog for a few more years n u might just be entitled to a bonus drawing on top of your usual drawing as an equity partner, if u are a rainmaker.

sounds good?

Originally Posted by Unregistered

You buy in at an extortionate amount for your fixed share of equity. No capital? Firm offers you a loan to fund your buy-in and you hope you generate enough annually to pay off the loan + interest and hv some leftover for yourself n to contribute your own cpf. Oh and pay income tax.

Every month u draw a measly sum of the firm's anticipated profits based on your fixed share.

Slog for a few years and your share will gradually increase, and you upgrade from drawing a measly sum to a not so measly sum.

Slog for a few more years n u might just be entitled to a bonus drawing on top of your usual drawing as an equity partner, if u are a rainmaker.

sounds good?

Very good!!!! Bestest deal in sg

Hello, does EY close office on Christmas eve till new year?
i.e. Employees get free leaves?

Originally Posted by Unregistered

Hello, does EY close office on Christmas eve till new year?
i.e. Employees get free leaves?

Yes free leave but still have to complete work on time.

By the way, how's the job market now

Back in my day… 90% of accountancy graduates started out in big 4… 90% gave up halfway and went to industry as APAR / Fund / Financial Accountants but the remaining 10% who were mentally strong to persevere became partners. Most of the partners I know are currently making serious money here (average 400-600k all in per annum). Those who left earlier only making around 200k per annum. Difference in pay is 2-3x more…

Stay woke salaryman, be a business owner rather than an employee…

Originally Posted by Unregistered

Back in my day… 90% of accountancy graduates started out in big 4… 90% gave up halfway and went to industry as APAR / Fund / Financial Accountants but the remaining 10% who were mentally strong to persevere became partners. Most of the partners I know are currently making serious money here (average 400-600k all in per annum). Those who left earlier only making around 200k per annum. Difference in pay is 2-3x more…

Stay woke salaryman, be a business owner rather than an employee…

Are you sure all the remaining 10% have become partners?