Advice: Jumping from Big 4 to Bank

[simiishthis]

Originally Posted by Unregistered

There's no way I will make the move @ 10%. Banks are in a very bad situation right now with Brexit taking place. There are too many negative factors in play here, i.e. the meager increment, the distance from home, the unstable banking industry at this time and the probability of there even being a variable bonus payout is low as well.

Stay with the Big 4 and move into consultancy if you are not already in it. Consultancy is booming.

Hmmm i got a revised offer of more than 25 percent increase. Now wondering if its worth it to make a move from a big 4 to the internal audit department to do IT internal audit. Anyone or if anyone have friends who made this kind of move before manager, can you share your exp? Like whats the prospect like? Cos in big 4 the career progression is quite stable whereas in bank its not and there are pros and cons with each choice. Any advise or comment will be much welcomed!

You should share the salary before and after... But 25% sounds reasonable.

[simiishthis]

Originally Posted by Unregistered

You should share the salary before and after... But 25% sounds reasonable.

Before will be high 4k after wil be low 6k.
But i do want to look at other factors besides the salary hence the question above.

Originally Posted by simiishthis

Before will be high 4k after wil be low 6k.
But i do want to look at other factors besides the salary hence the question above.

I see you are SA2 level. There is no need to look at the salary factor as 90% of big companies out there can offer you this 25% increment. Big 4 is known for underpaying all their staff, even up to director level (10-13k for 12-15 years experience? Ha!) Only when you make partner then you start to enjoy the big bucks.

IA is a great and stable place to be in. I'll take the move @ 25% if I were you. Congrats

Originally Posted by simiishthis

Hmmm i got a revised offer of more than 25 percent increase. Now wondering if its worth it to make a move from a big 4 to the internal audit department to do IT internal audit. Anyone or if anyone have friends who made this kind of move before manager, can you share your exp? Like whats the prospect like? Cos in big 4 the career progression is quite stable whereas in bank its not and there are pros and cons with each choice. Any advise or comment will be much welcomed!

So did u make the move?

Originally Posted by Unregistered

I see you are SA2 level. There is no need to look at the salary factor as 90% of big companies out there can offer you this 25% increment. Big 4 is known for underpaying all their staff, even up to director level (10-13k for 12-15 years experience? Ha!) Only when you make partner then you start to enjoy the big bucks.

original poster might no longer be here but just to add...

big4 director level 10-13k with 12 to 15 years experience? really? how about variable components like bonuses? how much in terms of basic wage? 3-5x?

iirc, M1 M2 M3 are bagging 6,7,8k... i assume SM1, SM2 (not sure if there is a SM3 or AD thereafter) would be between 8k all the way to 10-11k.

Directors should at least be $13k upwards...

Originally Posted by Unregistered

original poster might no longer be here but just to add...

big4 director level 10-13k with 12 to 15 years experience? really? how about variable components like bonuses? how much in terms of basic wage? 3-5x?

iirc, M1 M2 M3 are bagging 6,7,8k... i assume SM1, SM2 (not sure if there is a SM3 or AD thereafter) would be between 8k all the way to 10-11k.

Directors should at least be $13k upwards...

Directors are known to be paid $13k-$16k. Maybe there are a lot of high flyers here so they think it's a pittance.