Q: Big4 - Yearly salary increment

Originally Posted by Do not need to know

There is also the title there, try telling your family that u work at some unknown company for 10k and they would go like "oh wow nice pay! not bad not bad!". Now try having someone telling them that they work for the world 4 largest auditing firm and holding 8k pay. Human by nature recognize title more than your pay level, or we won't have king, queen, master, lord and peasant cast title.

Lol, just another guy going for BRAND.

When I wave goodbye to my friends from Big 4 and get into my car, it's one of those moments that are totally worth it. If working at a "branded big 4 firm" means I have to take a 50% pay cut, then I happily give up my spot to another guy who "deserves" the job more than me. I will enjoy my better lifestyle, working hours, and pay, they can enjoy their "elite big 4 title", ha ha.

the only people who are impress with big4 are either senior folks (during their time accountant was a prestigious occupation and big5 is like best u can ever go) or clerical/blue collar worker who dun have that much corp exposure.

Originally Posted by Unregistered

Seeing how (low) entry-level salaries are in the big 4 firms, what's their draw towards grads? Esp those high second-upper/magna cum laude kids, and more so in Advisory when there's no eventual qualification that the company can sponsor them for.

2 things:

1) To be made partner eventually.
2) If not, to retire as a Senior Manager still drawing decent salary.

Originally Posted by Unregistered

2 things:

1) To be made partner eventually.
2) If not, to retire as a Senior Manager still drawing decent salary.

More like stability. How may people actually become partner?

big 4 is a stable option for business and accountancy students much like generic civil service positions are for Arts and social science students. its an iron rice bowl, they hire tons of them every annual intake and you get slow and steady progression up to a certain comfortable point.

Originally Posted by Unregistered

More like stability. How may people actually become partner?

big 4 is a stable option for business and accountancy students much like generic civil service positions are for Arts and social science students. its an iron rice bowl, they hire tons of them every annual intake and you get slow and steady progression up to a certain comfortable point.

Im 29, working as a AVP in a FO role in a BB firm.

just had a uni meet up at a friend's wedding dinner. when i hear my fellow acct grads saying they are now in a big 4 in their "assoc" role, telling me how stable their jobs are, how nice and secure their roles, no sacking blah blah blah, i smiled.

as we left the dinner, i passed the valet the parking slip for my SLK, while my "big4 folks" take the train home. (not a big deal anyway, since they take the train home after work at 1145pm, last train since they say they cant claim taxi).

29 and still an Assoc?

Originally Posted by Unregistered

Im 29, working as a AVP in a FO role in a BB firm.

just had a uni meet up at a friend's wedding dinner. when i hear my fellow acct grads saying they are now in a big 4 in their "assoc" role, telling me how stable their jobs are, how nice and secure their roles, no sacking blah blah blah, i smiled.

as we left the dinner, i passed the valet the parking slip for my SLK, while my "big4 folks" take the train home. (not a big deal anyway, since they take the train home after work at 1145pm, last train since they say they cant claim taxi).

no taxi claim? maybe first and last train drivers already know your friends by name. sibei cham.

Originally Posted by Unregistered

no taxi claim? maybe first and last train drivers already know your friends by name. sibei cham.

i can attest to that.. quite common your managers will ask you to go at 1130 to take the train in order to avoid taxi claims after midnight.

May I confirm if big 4 really do not offer the 13th month bonus? Do they give high performance bonus in compensation?

Originally Posted by Unregistered

May I confirm if big 4 really do not offer the 13th month bonus? Do they give high performance bonus in compensation?

0.5 is considered high ok