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. |
Quote:
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 |
Quote:
|
Quote:
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. |
Quote:
|
Quote:
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. |
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. |
Quote:
I am guessing around 8k-9k ? |
10K+ would be right.
|
how about the pay for first year manager? how many years does it take typically to reach senior manager?
|
Quote:
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. |
Quote:
|
Quote:
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. |
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 |
Quote:
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. |
Quote:
|
Quote:
|
Partner
Quote:
|
Quote:
|
Junior partner
Quote:
|
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.
|
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. |
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. |
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!
|
Quote:
|
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...
|
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? |
Quote:
You have never set foot in the company - it only looks good to you now, but you never know what you will really get. |
Quote:
|
Quote:
|
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 |
Quote:
|
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. |
this one zhuns... at least till AM
Quote:
|
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
|
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? |
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?
|
what is the typical annual package for big4 firms? how many months?
|
Quote:
|
Quote:
|
All times are GMT +8. The time now is 11:34 PM. |
Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2