Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

The irony is FS depts in all big 4 appear to be lacking the most ppl. Private equity, banks and insurance/re-insurance firms are the most willing to hire big4 auditors w/o commercial exp at matching or higher salary. Yet no one wants to do FS audit.

cos grinding in FS/insurance audits for 3-4 years sounds easy and bearable when i type all this out but imagine 3-4 years of no life work like zombie until 2-3 am in real life

Originally Posted by Unregistered

cos grinding in FS/insurance audits for 3-4 years sounds easy and bearable when i type all this out but imagine 3-4 years of no life work like zombie until 2-3 am in real life

Yeah, FS audit has the worst peak. Year round, high expectations since frequent inspections, tons of work.

Originally Posted by Unregistered

The irony is FS depts in all big 4 appear to be lacking the most ppl. Private equity, banks and insurance/re-insurance firms are the most willing to hire big4 auditors w/o commercial exp at matching or higher salary. Yet no one wants to do FS audit.

I’m in pwc banking and we are under staffed but there is lower hiring cause the firm still cannot accept the effects of the previous salary increase. Partners say they die die want 50% margin facepalm

Originally Posted by Unregistered

I’m in pwc banking and we are under staffed but there is lower hiring cause the firm still cannot accept the effects of the previous salary increase. Partners say they die die want 50% margin facepalm

How much is fs audit salary and bonus ?

Anyone here joined as A2 after completing work study internship program? How’s the learning curve?

Originally Posted by Unregistered

How much is fs audit salary and bonus ?

same as other depts.

fs audit just harder to hire people because need specialized knowledge which GA seniors won't have, so retention of homegrown associates and hiring FS audit foreigners is important.

unfortunately audit hiring has dropped to a scary new low. i've even referred managers and S2 from big 4 and mid tier but they didn't get a single interview, 2 years ago they would have been flooded with offers. so much for an 'iron rice bowl', at this stage even advisory is not so jialat.

Originally Posted by Unregistered

same as other depts.

fs audit just harder to hire people because need specialized knowledge which GA seniors won't have, so retention of homegrown associates and hiring FS audit foreigners is important.

unfortunately audit hiring has dropped to a scary new low. i've even referred managers and S2 from big 4 and mid tier but they didn't get a single interview, 2 years ago they would have been flooded with offers. so much for an 'iron rice bowl', at this stage even advisory is not so jialat.

Are u from pwc banking oso? Hahahah agreee with evrythng u say.
In 2022 and before, during dec time, they will bring in Banking and insurance A2 and seniors from Malaysia.
In 2023, my Malaysia banking friends say they apply but no interview also. Tats why we so dying last peak T.T

Originally Posted by Unregistered

This is my experience too, unfortunately if you didn't audit FS companies you're **** out of luck.

not true, scroll linkedin, you will find many that have made the switch. banks also have an internal split by which sectors they serve. your valuation, project financing etc need people that know more about the sector than FS knowledge itself.

industry expertise itself is not hard to pick up anyway...

Originally Posted by Unregistered

The irony is FS depts in all big 4 appear to be lacking the most ppl. Private equity, banks and insurance/re-insurance firms are the most willing to hire big4 auditors w/o commercial exp at matching or higher salary. Yet no one wants to do FS audit.

I think you are a bit delusional. The statement is just, no one wants to do audit. Just because you slap FS in front of the word doesnt make it better. Whats stopping the person from just applying to the bank direct? Do you really think that a few years in audit will propel your career? Just look at the pay range for analyst and associate on careers.gov, even with the "slower" progression, audit is still losing out because the pay didnt change for donkey years and is still playing catchup. the profession has just become 3rd tier

Originally Posted by Unregistered

The irony is FS depts in all big 4 appear to be lacking the most ppl. Private equity, banks and insurance/re-insurance firms are the most willing to hire big4 auditors w/o commercial exp at matching or higher salary. Yet no one wants to do FS audit.

Mas regulation is horrible. Do will cry.