benefits in Big4 Management Consultancy - 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




benefits in Big4 Management Consultancy

Reply
 
Thread Tools
  #1 (permalink)  
Old 20-10-2014, 11:32 PM
Senior Member
 
Join Date: Jun 2014
Posts: 47
boongaylim is on a distinguished road
Default benefits in Big4 Management Consultancy

Hi,
I am negotiating a job as a consultant in one of the Big 4. Can someone tell me more about their benefits, so that I can negotiate the salary more effectively? They are offering me 1 year contract, renewable.
Do they pay for some of the job-related training programs that I may attend in Singapore? If so, I can settle for a slightly lower salary.
What about their medical benefits? Is the family covered?
The more I know, better I can negotiate with HR.
Thanks,

Reply With Quote
  #2 (permalink)  
Old 21-10-2014, 02:03 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by boongaylim View Post
Hi,
I am negotiating a job as a consultant in one of the Big 4. Can someone tell me more about their benefits, so that I can negotiate the salary more effectively? They are offering me 1 year contract, renewable.
Do they pay for some of the job-related training programs that I may attend in Singapore? If so, I can settle for a slightly lower salary.
What about their medical benefits? Is the family covered?
The more I know, better I can negotiate with HR.
Thanks,
Are you for real? You have the opportunity to join a top paying firm that almost every top grad from Ivy is dying to get in and you are hung up on training expense reimbursement and medical benefits?

BTW, I didn't know they open consulting associate roles on 1 year renewable contracts these days. I've always thought they hired MAs on perm basis and usually an offer is made even before a candidate graduates.

Reply With Quote
  #3 (permalink)  
Old 21-10-2014, 02:30 PM
George
Guest
 
Posts: n/a
Default Big4 staff

Quote:
Originally Posted by Unregistered View Post
Are you for real? You have the opportunity to join a top paying firm that almost every top grad from Ivy is dying to get in and you are hung up on training expense reimbursement and medical benefits?

BTW, I didn't know they open consulting associate roles on 1 year renewable contracts these days. I've always thought they hired MAs on perm basis and usually an offer is made even before a candidate graduates.
Top paying firm - depends on what you call top paying and how many people draw such amounts. Many folks in my company (name withheld) draw a mere 2-3k per month. Some draw more than 20k per month, but these are the partners. Most others draw varying salaries (not top paying) and need to jump jobs every 2 years to kepp up with the cost of living.

Training and medical benefits - what is wrong in these? Many companies offer them, including big4.

Yes, many managers/consultants in my company (most from NUS/SMU or other private uni, none from Ivy Legue) work on contracts. Sometimes contracts become regular jobs, other times the contracts simply expire. Some of these are mid-career professionals struggling to make ends meet.

Reply With Quote
  #4 (permalink)  
Old 21-10-2014, 02:42 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Are you for real? You have the opportunity to join a top paying firm that almost every top grad from Ivy is dying to get in and you are hung up on training expense reimbursement and medical benefits?

BTW, I didn't know they open consulting associate roles on 1 year renewable contracts these days. I've always thought they hired MAs on perm basis and usually an offer is made even before a candidate graduates.
I think TS mean big4 account/audit company - E&Y, PWC, DT, KPMG. That expalin why he is on contract and asking for things like benefits.

Advise to TS, nobody out there call these companies big4 management consultancies though they sometimes do certain projects like mgt consultancy. Your title give the impression that BCG, McKinsey, Bain, Oliver Wyman (these are the big4 management consultants btw) offerd you a consulting job.

For big4 account/audit especially for contractor jobs, treat it as a good opportunity to earn some experience and build CV. Its more or less like a sweat shop with high turnover due to the stress and work hours, do not expect too much in terms of benefits or the company to invest in your development.
Reply With Quote
  #5 (permalink)  
Old 21-10-2014, 02:43 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by George View Post
Top paying firm - depends on what you call top paying and how many people draw such amounts. Many folks in my company (name withheld) draw a mere 2-3k per month. Some draw more than 20k per month, but these are the partners. Most others draw varying salaries (not top paying) and need to jump jobs every 2 years to kepp up with the cost of living.

Training and medical benefits - what is wrong in these? Many companies offer them, including big4.

Yes, many managers/consultants in my company (most from NUS/SMU or other private uni, none from Ivy Legue) work on contracts. Sometimes contracts become regular jobs, other times the contracts simply expire. Some of these are mid-career professionals struggling to make ends meet.
Think some confusion due to the title. TS probably means big4 audit firms and not big4 management consultancies.
Reply With Quote
  #6 (permalink)  
Old 21-10-2014, 04:46 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by boongaylim View Post
Hi,
I am negotiating a job as a consultant in one of the Big 4. Can someone tell me more about their benefits, so that I can negotiate the salary more effectively? They are offering me 1 year contract, renewable.
Do they pay for some of the job-related training programs that I may attend in Singapore? If so, I can settle for a slightly lower salary.
What about their medical benefits? Is the family covered?
The more I know, better I can negotiate with HR.
Thanks,
I am also confuse over the title like the rest, base on above post i assume u r talking about the Big 4 auditors instead?

If u have a proper job now, my advice is not to take up a contract role.

If u r unemployed for some time already, my advice is just accept and grab whatever that is offered.

I was once a contractor in KPMG as well, all I can say is they treat all jr staff regardless of perm/contract like revolving doors. You happy accept and work, not happy just get lost cauz there is usually another 10 desperate candidates they can call up.

No point talking about training & development cauz they really dun care about these at this level since turnover is so high. I can't remember KPMG's medical for contract cauz I seldom use it and probably only a thousand dollars worth a year at most.

If u r unemployed, important thing is to get something in the CV. At least give u a chance to convert to perm in the future or use this to look for another job when contract end.
Reply With Quote

  #7 (permalink)  
Old 21-10-2014, 06:56 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by boongaylim View Post
Hi,
I am negotiating a job as a consultant in one of the Big 4. Can someone tell me more about their benefits, so that I can negotiate the salary more effectively? They are offering me 1 year contract, renewable.
Do they pay for some of the job-related training programs that I may attend in Singapore? If so, I can settle for a slightly lower salary.
What about their medical benefits? Is the family covered?
The more I know, better I can negotiate with HR.
Thanks,
unless is legally required certification, no training budget for contract staff one lah. medical insurance and usual outpatient claim got a bit, but also cap at very low.

end of the day you have to be realistic, the whole idea of contract job is to save on all the benefits and make it easy to terminate. the job is "consultant" in name only.
Reply With Quote
  #8 (permalink)  
Old 22-10-2014, 03:17 AM
Unregistered
Guest
 
Posts: n/a
Default

Ummm what is the confusion here? When people say 'Big 4 consulting', it generally means accounting big 4. If people want to refer to the top tier, they will say 'MBB'.
Reply With Quote
  #9 (permalink)  
Old 22-10-2014, 06:54 PM
Unregistered
Guest
 
Posts: n/a
Default

was on contract in EY before, no training except for those e-learning compliance click intranet type. medical nothing to shout about, just basic insurance and some outpatient claim. in general i find even contracts with stat board / glc offer better benefit than them
Reply With Quote
  #10 (permalink)  
Old 22-10-2014, 07:25 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by boongaylim View Post
Hi,
I am negotiating a job as a consultant in one of the Big 4. Can someone tell me more about their benefits, so that I can negotiate the salary more effectively? They are offering me 1 year contract, renewable.
Do they pay for some of the job-related training programs that I may attend in Singapore? If so, I can settle for a slightly lower salary.
What about their medical benefits? Is the family covered?
The more I know, better I can negotiate with HR.
Thanks,
Base on your previous post you are jobless for quite some time already, tbh you should just accept the offer and rebuild your career. Besides HR won't take you seriously in any negotiation when you don't have a job now.
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
Q: Big4 - Yearly salary increment ricardo Income and Jobs 15301 Today 07:06 PM
Big4 bitemee Income and Jobs 15 06-09-2021 09:42 AM
Benefits of EP naushadnasir General Discussions 0 29-04-2014 03:05 PM
Fresh graduate auditor salary in midfirm/big4 (For malaysia) helic Income and Jobs 4 28-10-2013 07:58 PM
Overseas Big4 vs SG Relationship Manager EggsBenedict Income and Jobs 2 12-11-2012 11:28 AM

» 30 Recent Threads
UOB Management Associate Program ( 1 2 3... Last Page)
1,452 Replies, 783,930 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,301 Replies, 4,981,418 Views
Career as Teacher ( 1 2 3... Last Page)
10,818 Replies, 6,661,094 Views
Compare civil service salary ( 1 2 3... Last Page)
16,342 Replies, 12,452,060 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
169 Replies, 308,687 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
678 Replies, 387,858 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 813,707 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,920 Replies, 2,901,955 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,713 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,323,161 Views
Lawyer Salary ( 1 2 3... Last Page)
21,013 Replies, 10,327,547 Views
GovTech ( 1 2 3... Last Page)
5,159 Replies, 2,162,195 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 357,864 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,049 Replies, 440,352 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,374,783 Views
ST Electronics ( 1 2 3... Last Page)
3,767 Replies, 1,543,991 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,794 Replies, 1,042,931 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,337 Replies, 4,767,513 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,826 Replies, 4,655,731 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,282 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,064 Views
MX12 reappointed at MX11
8 Replies, 757 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
307 Replies, 368,614 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,191 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,329 Replies, 1,141,656 Views
MFA- Foreign Service... ( 1 2 3... Last Page)
54 Replies, 84,905 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
511 Replies, 268,359 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
206 Replies, 134,416 Views
Singapore Airlines ( 1 2 3)
22 Replies, 11,250 Views
NUS (National University of... ( 1 2 3... Last Page)
318 Replies, 318,768 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 07:23 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2