Q: Big4 - Yearly salary increment - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Q: Big4 - Yearly salary increment

Reply
 
Thread Tools
  #1 (permalink)  
Old 11-09-2011, 04:31 PM
Junior Member
 
Join Date: Sep 2011
Posts: 7
ricardo is on a distinguished road
Default 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.

Reply With Quote
  #2 (permalink)  
Old 11-09-2011, 05:48 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by ricardo View Post
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

Reply With Quote
  #3 (permalink)  
Old 11-09-2011, 05:51 PM
Junior Member
 
Join Date: Sep 2011
Posts: 7
ricardo is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
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.

Reply With Quote
  #4 (permalink)  
Old 12-09-2011, 11:42 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by ricardo View Post
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.
Reply With Quote
  #5 (permalink)  
Old 12-09-2011, 12:21 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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 ?
Reply With Quote
  #6 (permalink)  
Old 12-09-2011, 12:36 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Reply With Quote

  #7 (permalink)  
Old 12-09-2011, 06:09 PM
Junior Member
 
Join Date: Sep 2011
Posts: 7
ricardo is on a distinguished road
Talking

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.
Reply With Quote
  #8 (permalink)  
Old 13-09-2011, 11:12 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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 ?
Reply With Quote
  #9 (permalink)  
Old 13-09-2011, 01:14 PM
Unregistered
Guest
 
Posts: n/a
Default

10K+ would be right.
Reply With Quote
  #10 (permalink)  
Old 13-09-2011, 09:40 PM
Unregistered
Guest
 
Posts: n/a
Default

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

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Salary Increment to be 5.2% Salary.sg Income and Jobs 1 25-09-2021 07:24 PM
Yearly increment Button Income and Jobs 29 06-01-2018 09:43 PM
Annual Increment for Civil Service 2011 bswuming87 Income and Jobs 4 10-04-2011 09:19 PM
Annual Increment 1nch3r Income and Jobs 0 12-11-2010 12:36 AM
Can your Increment beat Inflation? Salary.sg Investments and Net Worth 9 24-04-2008 03:37 PM

» 30 Recent Threads
Lawyer Salary ( 1 2 3... Last Page)
18,842 Replies, 7,976,194 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,825 Replies, 922,306 Views
Roles in accenture singapore ( 1 2 3... Last Page)
5,671 Replies, 1,415,713 Views
SIA AO grades ( 1 2 3... Last Page)
111 Replies, 53,967 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
5,029 Replies, 2,795,887 Views
MOH Holdings ( 1 2)
12 Replies, 13,846 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,038 Replies, 3,605,707 Views
Career as Teacher ( 1 2 3... Last Page)
7,047 Replies, 4,469,280 Views
DBS ACE Programme ( 1 2 3... Last Page)
79 Replies, 24,555 Views
Singtel Management Associate... ( 1 2 3... Last Page)
1,184 Replies, 409,243 Views
ST Electronics ( 1 2 3... Last Page)
3,250 Replies, 1,062,509 Views
How much are you earning per annum? ( 1 2 3... Last Page)
13,558 Replies, 5,657,586 Views
IMDA (under MCI) ( 1 2 3... Last Page)
475 Replies, 231,485 Views
GovTech ( 1 2 3... Last Page)
3,516 Replies, 1,204,404 Views
Compare civil service salary ( 1 2 3... Last Page)
15,141 Replies, 10,301,479 Views
BCA (Building and Construction...
1 Replies, 154 Views
Compare Your Annual Income ( 1 2 3... Last Page)
34 Replies, 10,329 Views
MOH (Ministry of Health) ( 1 2 3... Last Page)
33 Replies, 43,807 Views
Micron starting pay ( 1 2 3... Last Page)
663 Replies, 272,320 Views
ST engineering starting pay ( 1 2 3... Last Page)
117 Replies, 83,464 Views
Digital Academy Program at ST...
0 Replies, 86 Views
How much CPF do u have? ( 1 2 3... Last Page)
66 Replies, 37,705 Views
Singapore Power EDGE Program ( 1 2 3... Last Page)
30 Replies, 7,373 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,127 Replies, 801,966 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
884 Replies, 271,719 Views
Singapore Examination and...
2 Replies, 4,191 Views
Singapore LNG Pay
7 Replies, 4,100 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,263 Replies, 1,026,425 Views
If you can't find a company here... ( 1 2 3... Last Page)
119 Replies, 26,036 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 01:26 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2023, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2