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ricardo 11-09-2011 04:31 PM

Q: Big4 - Yearly salary increment
 
Hi everyone.

I have a question about big 4. I understand that the pay increment is alot when you get promoted.

1) My question is, what if you are not promoted. Are there still salary increment?

2) If there are salary increment, does it apply to all the following position or only selected position?
- Associate 1 and 2
- Senior Associate 1 and 2
- assistant manager
- manager
- senior manager

Regards.

Unregistered 11-09-2011 05:48 PM

Quote:

Originally Posted by ricardo (Post 16195)
Hi everyone.

I have a question about big 4. I understand that the pay increment is alot when you get promoted.

1) My question is, what if you are not promoted. Are there still salary increment?

2) If there are salary increment, does it apply to all the following position or only selected position?
- Associate 1 and 2
- Senior Associate 1 and 2
- assistant manager
- manager
- senior manager

Regards.

Big 4 (Deloitte Touche Tohmatsu, PricewaterhouseCoopers, Ernst & Young, KPMG). Accountant.


No distinction according to Class of Honors known yet.
Y1 associate: $2,700
Y2 associate: $3,100
Y1 Senior associate: $4,000
Y2 Senior associate: $4,500
Assistant Manager: $5,100

ricardo 11-09-2011 05:51 PM

Quote:

Originally Posted by Unregistered (Post 16197)
Big 4 (Deloitte Touche Tohmatsu, PricewaterhouseCoopers, Ernst & Young, KPMG). Accountant.


No distinction according to Class of Honors known yet.
Y1 associate: $2,700
Y2 associate: $3,100
Y1 Senior associate: $4,000
Y2 Senior associate: $4,500
Assistant Manager: $5,100

Thanks. How about increment? I am more concern about pay increment when there is no promotion.

Unregistered 12-09-2011 11:42 AM

Quote:

Originally Posted by ricardo (Post 16198)
Thanks. How about increment? I am more concern about pay increment when there is no promotion.

For the first 5-6 years up to A.Manager level, the promotions are the increment. For 90% of ppl the move from Associate to A.Manager is almost guaranteed as long as you don't kena big screw up. My friend used to work HR in one of the Big4, she say internally they don't even classify these as promotions.

If you fail to get these "fake" promotions at the time when all your peers are getting, then I suggest you just get out while you can. No point asking what is the increment because even if have, you are more or less considered condem case liao.

Unregistered 12-09-2011 12:21 PM

Quote:

Originally Posted by Unregistered (Post 16213)
For the first 5-6 years up to A.Manager level, the promotions are the increment. For 90% of ppl the move from Associate to A.Manager is almost guaranteed as long as you don't kena big screw up. My friend used to work HR in one of the Big4, she say internally they don't even classify these as promotions.

If you fail to get these "fake" promotions at the time when all your peers are getting, then I suggest you just get out while you can. No point asking what is the increment because even if have, you are more or less considered condem case liao.

Thanks for sharing, that is interesting to know. If somehow one gets to senior manager level (in KPMG for instance) and doesn't get promoted for the next 3-5yrs, does he still have increment ? or his pay is going to be constant at say 8.5k, effectively meaning he is getting pay cut year after year, beaten by inflation ?

Unregistered 12-09-2011 12:36 PM

Quote:

Originally Posted by Unregistered (Post 16214)
Thanks for sharing, that is interesting to know. If somehow one gets to senior manager level (in KPMG for instance) and doesn't get promoted for the next 3-5yrs, does he still have increment ? or his pay is going to be constant at say 8.5k, effectively meaning he is getting pay cut year after year, beaten by inflation ?

Once you reach Manager level the promotion will slow down because these will be real promotions. There will be annual increment (assume no recession) but the rate of increase will slow down compared to earlier on because people in their mid 30s are far less mobile to jump ship.

My understanding is most people will diao at Manager or SM level for many years and never reach the junior partner level because beyond that got heavy P&L responsibilities and most people dun have business development skill.

ricardo 12-09-2011 06:09 PM

Thanks to both the question and reply from both of you. No nick for me to refer to. ha.

That more or less sum up my question. So generally.

1) From A1 to AM is usually a norm if no screw up. So promotion = increment. No need to differentiate between promotion and increment

2) From AM onwards, there is still yearly increment but the amount is not as great compared to A1 to AM.

3) To get a substantial increment, need to get promotion from AM onwards.

Once again, thanks for the information.

Unregistered 13-09-2011 11:12 AM

Quote:

Originally Posted by Unregistered (Post 16217)
Once you reach Manager level the promotion will slow down because these will be real promotions. There will be annual increment (assume no recession) but the rate of increase will slow down compared to earlier on because people in their mid 30s are far less mobile to jump ship.

My understanding is most people will diao at Manager or SM level for many years and never reach the junior partner level because beyond that got heavy P&L responsibilities and most people dun have business development skill.

Typically for a 1st tier accounting firm like KPMG, what's the pay range like when you hit Senior Manager?

I am guessing around 8k-9k ?

Unregistered 13-09-2011 01:14 PM

10K+ would be right.

Unregistered 13-09-2011 09:40 PM

how about the pay for first year manager? how many years does it take typically to reach senior manager?

Unregistered 13-09-2011 09:51 PM

Quote:

Originally Posted by Unregistered (Post 16255)
Typically for a 1st tier accounting firm like KPMG, what's the pay range like when you hit Senior Manager?

I am guessing around 8k-9k ?

About there. SM range is very wide because this is the default rank where most people will end their career. I would say around 8k - 11k for SM and 6k - 8k for M.

Also to note that once you hit M level usually got sales KPI to meet (although still not direct P&L responsibility), so many people leave to join corporate finance at this stage.

TomyP 20-09-2011 10:06 AM

Quote:

Originally Posted by Unregistered (Post 16268)
About there. SM range is very wide because this is the default rank where most people will end their career. I would say around 8k - 11k for SM and 6k - 8k for M.

Also to note that once you hit M level usually got sales KPI to meet (although still not direct P&L responsibility), so many people leave to join corporate finance at this stage.

Don't know anything about the industry then dun try to talk like lao jiao. Big4 manager already >14k, Senior Manager should be at least 18 or 20k a month.

To: TomyPee 20-09-2011 11:01 AM

Quote:

Originally Posted by TomyP (Post 16389)
Don't know anything about the industry then dun try to talk like lao jiao. Big4 manager already >14k, Senior Manager should be at least 18 or 20k a month.

Hi Tomypee,

You must be a LJ since you commented other not to talk like lao jiao.

Actually who are the Big 4 that we are talking about.

My Big 4 might not be the same Big 4 that you are referring.

Just like the LJ I indicating might not be the lao jiao that you indicate.

Unregistered 28-09-2011 02:15 PM

agree with PP
 
TonyP, it seems you don't have any idea of the big 4 auditing firms, namely E&Y, KPMG, PWC, Deloitte, so shut up. 14k for Manager? if that is the case, then you wont see Audit Managers in Big 4 leave the industry in high number.

to set the record straight, the right range are as follows:

Associate Year 1 - 2700 - 2900
Associate Year 2 - 3000 - 3200
Audit Senior Year 1 - 3500 - 4000
Audit Senior Year 2 - 4500 - 4800
Assistant Manager - 5100 - 5400
Manager - 6000 - 8000
Senior Manager - 8000 - 11000

madgoat 28-09-2011 02:50 PM

Quote:

Originally Posted by Unregistered (Post 16688)
TonyP, it seems you don't have any idea of the big 4 auditing firms, namely E&Y, KPMG, PWC, Deloitte, so shut up. 14k for Manager? if that is the case, then you wont see Audit Managers in Big 4 leave the industry in high number.

to set the record straight, the right range are as follows:

Associate Year 1 - 2700 - 2900
Associate Year 2 - 3000 - 3200
Audit Senior Year 1 - 3500 - 4000
Audit Senior Year 2 - 4500 - 4800
Assistant Manager - 5100 - 5400
Manager - 6000 - 8000
Senior Manager - 8000 - 11000

While I don't have the actual report with me, these numbers do seem to gel in with my experience with the big4 and the finance industry in general.

As for TonyP's 18k - 20k for Senior Manager, I'm 99% sure that's not the case. $20,000 salary is likely to be for a rather large-sized practice lead generating around $6 to $10 million in annual billings.

Unregistered 28-09-2011 04:47 PM

Quote:

Originally Posted by Unregistered (Post 16688)
TonyP, it seems you don't have any idea of the big 4 auditing firms, namely E&Y, KPMG, PWC, Deloitte, so shut up. 14k for Manager? if that is the case, then you wont see Audit Managers in Big 4 leave the industry in high number.

to set the record straight, the right range are as follows:

Associate Year 1 - 2700 - 2900
Associate Year 2 - 3000 - 3200
Audit Senior Year 1 - 3500 - 4000
Audit Senior Year 2 - 4500 - 4800
Assistant Manager - 5100 - 5400
Manager - 6000 - 8000
Senior Manager - 8000 - 11000

I can corroborate the above number. Got a friend in Deloitte drawing 4.3k and she is a senior auditor with ~5 years of experience.

Unregistered 28-09-2011 06:52 PM

Quote:

Originally Posted by Unregistered (Post 16700)
I can corroborate the above number. Got a friend in Deloitte drawing 4.3k and she is a senior auditor with ~5 years of experience.

What about the annual figures? How much is the bonus typically?

Unregistered 29-09-2011 11:36 PM

Partner
 
Quote:

Originally Posted by Unregistered (Post 16700)
I can corroborate the above number. Got a friend in Deloitte drawing 4.3k and she is a senior auditor with ~5 years of experience.

How about just promoted to partner? What is the junior partner salary?

Unregistered 30-09-2011 09:52 AM

Quote:

Originally Posted by Unregistered (Post 16750)
How about just promoted to partner? What is the junior partner salary?

Should be at least 16k p.m. and bonus around 10 - 15 months.

Unregistered 30-09-2011 11:50 PM

Junior partner
 
Quote:

Originally Posted by Unregistered (Post 16763)
Should be at least 16k p.m. and bonus around 10 - 15 months.

No wonder when you are not partner yet, you are basically just make up a number in big 4. Bank is better, at least they share the bonus and remuneration evenly to downline. But 10 to 15 months is alot of bonus......? This apply for junior partner?

Unregistered 01-10-2011 02:31 AM

slightly less than 6mths back i interviewed 2 candidates from big4. they were both am and drew 6k and 6.5k respectively. both said this is all in no additional allowance, aws, bonus.

Unregistered 03-10-2011 11:11 AM

to high for am
 
if by am you mean it's assistant manager, then the above is too high. which means this people are only fetching for higher salaries on their next move, ask for the pay slip if you really want to know the truth, from there breakdown can be seen. there are also exception to the rule, such as expat whites coming in from other offices, they normally demand higher rate than their local counterpart, sad but true.

but if by am you mean Audit Manager, then the range is fine.

btw, this year, the big 4 gave out 2 - 3 mos of bonus, if you factor that amount then the salary is a bit higher.

Unregistered 03-10-2011 08:11 PM

i meant assistant manager. 1 is indian another is malaysian. maybe relocated staff gets a bit more? anyway, they weren't suitable.

i remember few years back a friend who used to work a short stint in big4 told me the pay there is quite transparent. no screw up then annual increment is $500. increment years another $1k. that's the general rough guideline.

fresh/associate 1 $2.5k
associate 2 $3k
consultant $4.5k
senior con $5k
am $6.5k
mgr $8k

this friend entered mid-career into mgr and i only know his take home was 5-fig including think $800 allowance. joined from bank avp and gov scholar before that. he's off the scale but maybe his cred helped.

my other friend whose wife was an audit mgr in another big4 had a combined salary of 14k+. i know my friend then was 6-7k so put his wife is in the range about 8k.

some years back i had an ex-collague joining big4 as consultant. his pay was 3-4k then so even if there's no raise (only for experience) 4k for consultant is quite inline with the scale above.

i heard that the 5th (accenture) pays a freshie 5k after 3yrs. in all, the numbers that i got from close friends, hearsay, and interviewees are not far off.

Unregistered 04-10-2011 12:28 AM

Above not true
 
Your data is over the limit, i am still in big 4 now and is 2nd year senior manager, i have data from hr about rates we provide our incoming staff, so yours is inaccurate..too high!

Unregistered 04-10-2011 01:40 AM

Quote:

Originally Posted by Unregistered (Post 16897)
Your data is over the limit, i am still in big 4 now and is 2nd year senior manager, i have data from hr about rates we provide our incoming staff, so yours is inaccurate..too high!

would you be able to share the rates for new incoming and the general guide for annual increment?

Unregistered 04-10-2011 09:43 AM

Previous poster had his data right, please browse above and ignore the data where manager gets 8k above is too much, btw, name the firm and me and my colleagues will rush to move if that is true..max for manager is 8k, unless you counted in the cpf allowance for foreigners, please let us talk about base rates...

Unregistered 04-10-2011 07:46 PM

I am offered 16k/month for senior manager role in banking risk advisory, and potential to be partner in 2 years depending on revenues brought in.
It is a 25% pay cut from where i am from, but more stable.
Any advice?

Unregistered 04-10-2011 07:53 PM

Quote:

Originally Posted by Unregistered (Post 16936)
I am offered 16k/month for senior manager role in banking risk advisory, and potential to be partner in 2 years depending on revenues brought in.
It is a 25% pay cut from where i am from, but more stable.
Any advice?

Reject it. Simple decision.

You have never set foot in the company - it only looks good to you now, but you never know what you will really get.

Unregistered 05-10-2011 11:31 AM

Quote:

Originally Posted by Unregistered (Post 16936)
I am offered 16k/month for senior manager role in banking risk advisory, and potential to be partner in 2 years depending on revenues brought in.
It is a 25% pay cut from where i am from, but more stable.
Any advice?

If I were you, I would accept it as banks need Basel 3 compliance by 2018 which means a lot of demand for advisory work. Partner for such advisory role can fetch at least 1million in bonus

Unregistered 05-10-2011 12:15 PM

Quote:

Originally Posted by Unregistered (Post 16936)
I am offered 16k/month for senior manager role in banking risk advisory, and potential to be partner in 2 years depending on revenues brought in.
It is a 25% pay cut from where i am from, but more stable.
Any advice?

Pathetic, for a senior manager role in Big4 consulting anything less than 18k/month is a joke. Negotiate for at least another 2k more.

Unregistered 04-04-2013 03:47 PM

manager at KPMG
 
Job title/grade: Manager or M1/M2/M3
Pay scale: S$6,000 to S$9,000

This is extracted from salarysingapore website.
What the working life of a manager under risk consultant at KPMG? Hectic? I have heard horror stories from frens who are auditors at one of the big 4

Unregistered 04-04-2013 04:24 PM

Quote:

Originally Posted by Unregistered (Post 35264)
Job title/grade: Manager or M1/M2/M3
Pay scale: S$6,000 to S$9,000

This is extracted from salarysingapore website.
What the working life of a manager under risk consultant at KPMG? Hectic? I have heard horror stories from frens who are auditors at one of the big 4

Wow I have a friend who is now AD in KPMG, so if Manager is up to S$9,000 does this mean AD is $9,000 to $15,000???

Unregistered 08-04-2013 10:00 AM

Interview at KPMG
 
I am a mgr now in another company, not consultancy, and gg for an interview at KPMG soon, I applied for Mgr, so I am unsure if HR will be interviewing me for this post, or maybe lower since I have no consultancy exp.
My annual is in the range of 95k, and with 8yrs exp (not in consultancy). Current job, pretty lobo, Im just bored.
Not too confident scoring this int, as I assume work to be hectic .. no life.. etc.

Unregistered 11-04-2013 11:13 AM

this one zhuns... at least till AM

Quote:

Originally Posted by Unregistered (Post 16688)
TonyP, it seems you don't have any idea of the big 4 auditing firms, namely E&Y, KPMG, PWC, Deloitte, so shut up. 14k for Manager? if that is the case, then you wont see Audit Managers in Big 4 leave the industry in high number.

to set the record straight, the right range are as follows:

Associate Year 1 - 2700 - 2900
Associate Year 2 - 3000 - 3200
Audit Senior Year 1 - 3500 - 4000
Audit Senior Year 2 - 4500 - 4800
Assistant Manager - 5100 - 5400
Manager - 6000 - 8000
Senior Manager - 8000 - 11000


Unregistered 11-04-2013 02:59 PM

Interview at KPMG
 
m gg for interview at KPMG, manager level.. not really looking forward after hearing these stories. The pay is not fantastic and seems like there are frequent long hrs

Unregistered 14-04-2013 06:37 PM

Hello, which of the big4 pay the most, which one pay least? someone said to me it's in this order...true not?

EY
KPMG
PWC
Deloitte

And why the range all never overlap? Like this person say:

Associate Year 1 - 2700 - 2900
Associate Year 2 - 3000 - 3200
Audit Senior Year 1 - 3500 - 4000
Audit Senior Year 2 - 4500 - 4800
Assistant Manager - 5100 - 5400
Manager - 6000 - 8000
Senior Manager - 8000 - 11000

So nobody earn 4100? If i 3rd year can make to 3500, i can confirm next year 4500 unless i screw up and condemn?

Unregistered 15-02-2014 12:33 AM

How much can a mid career G1 associate in KPMG expect to make if he previously has 3 years of experience in the public service doing IT consulting but was told to take a pay cut since he doesn't have IT auditing experiences?

cbee 15-02-2014 02:11 PM

what is the typical annual package for big4 firms? how many months?

Unregistered 21-11-2014 11:08 PM

Quote:

Originally Posted by Unregistered (Post 48269)
How much can a mid career G1 associate in KPMG expect to make if he previously has 3 years of experience in the public service doing IT consulting but was told to take a pay cut since he doesn't have IT auditing experiences?

How much should one expect for a G1 pay?

Unregistered 28-01-2015 03:07 PM

Quote:

Originally Posted by Unregistered (Post 35784)
Hello, which of the big4 pay the most, which one pay least? someone said to me it's in this order...true not?

EY
KPMG
PWC
Deloitte

And why the range all never overlap? Like this person say:

Associate Year 1 - 2700 - 2900
Associate Year 2 - 3000 - 3200
Audit Senior Year 1 - 3500 - 4000
Audit Senior Year 2 - 4500 - 4800
Assistant Manager - 5100 - 5400
Manager - 6000 - 8000
Senior Manager - 8000 - 11000

So nobody earn 4100? If i 3rd year can make to 3500, i can confirm next year 4500 unless i screw up and condemn?

Is the pay the same for other roles in the big 4, such as those doing ib consulting?


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