Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

Accounting sucks lah. Go commercial also got so many deadlines each month. Cannot suka suka take leave and cannot take more than 1 week of leave each time cause of the deadlines.Go holiday also need to worry about work and my team always OT. The boss also work while holidaying overseas and on MC

Whats the problem. Its like this since 30 years ago. See the cfo old liao still copy and paste. Got time go event talk abt hw accting can save the world.

Originally Posted by Unregistered

Based on the 2023 GES survey, most courses are paying $3.8k to $4.2k at the median range. B4s are increasing to match the pay.

The current $3.6k pay is comparable to a few courses, sports science, communication major etc etc.

Comparable? It’s 3rd from the bottom for NTU based on 2023 median salary graduate employment survey.

Everyone on discord and Reddit were lamenting this. We are only better than Chinese Medicine and Art/Media.

Please just study hard for A levels.

Originally Posted by Unregistered

Comparable? It’s 3rd from the bottom for NTU based on 2023 median salary graduate employment survey.

Everyone on discord and Reddit were lamenting this. We are only better than Chinese Medicine and Art/Media.

Please just study hard for A levels.

To those locals thinking of joining this industry. Your ability to negotiate salary in Singapore audit job market will become weaker over time. This audit industry will reach a point where government has no choice but to open the floodgates to even more Malaysian Chinese auditors. This is because of aging population plus lack of local interest / talents in this space. These Malaysian Chinese will gladly take your jobs for a lower pay, work twice as harder and at least last long enough for their PR application to be approved before jumping to another sg company. Oh and just wait till KL-SG high speed rail is built. Associates could easily travel to SG daily for audit. Even your partners or SMs could be based in Malaysia.

Originally Posted by Unregistered

To those locals thinking of joining this industry. Your ability to negotiate salary in Singapore audit job market will become weaker over time. This audit industry will reach a point where government has no choice but to open the floodgates to even more Malaysian Chinese auditors. This is because of aging population plus lack of local interest / talents in this space. These Malaysian Chinese will gladly take your jobs for a lower pay, work twice as harder and at least last long enough for their PR application to be approved before jumping to another sg company. Oh and just wait till KL-SG high speed rail is built. Associates could easily travel to SG daily for audit. Even your partners or SMs could be based in Malaysia.

yea, heard one of the Big 4, seniors are based in foreign countries, while the associates (locals), are the ones doing the vouching work. You can observe the the ratio of ft to locals in your firm.

Msian associates are indeed harder working than locals. maybe it's the power of 3.5. They are willing to put in the hours.

Originally Posted by Unregistered

yea, heard one of the Big 4, seniors are based in foreign countries, while the associates (locals), are the ones doing the vouching work. You can observe the the ratio of ft to locals in your firm.

Msian associates are indeed more hard working than locals. maybe it's the power of 3.5. They are willing to put in the hours.

Indeed more hard working*

Hiring malaysian is a low move cause clients can't tell the difference based on the names. Getting ripped off for audit fees for work being done by non local uni grad is really the new trend moving forward

Originally Posted by Unregistered

Hiring malaysian is a low move cause clients can't tell the difference based on the names. Getting ripped off for audit fees for work being done by non local uni grad is really the new trend moving forward

I believe except for the advisory or consulting dept within the B4, which may require CVs of the team, audit departments don't need them. For audit, it is more on the firm's reputation and which firms offer lower audit fees.

From the partner's perspective, they are likely to hire whoever can effectively complete the work. Msian associates generally shows strong work ethic compared to locals and they intend to stay long term within the B4, which helps address high turnover issues. So, it might become increasingly common to hire from neighboring countries.

Originally Posted by Unregistered

Pls provide source.

recent offer, tax&assu

Originally Posted by Unregistered

Last time is $3.6k for a1, they increased again ?

Ard these two weeks

Originally Posted by Unregistered

Accounting sucks lah. Go commercial also got so many deadlines each month. Cannot suka suka take leave and cannot take more than 1 week of leave each time cause of the deadlines.Go holiday also need to worry about work and my team always OT. The boss also work while holidaying overseas and on MC

all these talk about don't go into accounting but for those of us who already grad a few years ago because we started before 2020, what jobs can we even take? every job also reject at screening stage, say no relevant experience