| Today 01:19 AM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Those that got increment when they jump out, are they from the fs department? I myself from the non-fs team and went for many interviews but there is no way I get offer that has % increment in terms of basic salary. I feel that many of the employers are unwilling to pay more than $5k for someone who only knows how to audit and lack commercial accounting experience.
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ex-am here, used to do shipping and commods. exited sometime last year right after promotion, got an increase from 6 to 7.2
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| Today 01:01 AM |
| Unregistered |
Those that got increment when they jump out, are they from the fs department? I myself from the non-fs team and went for many interviews but there is no way I get offer that has % increment in terms of basic salary. I feel that many of the employers are unwilling to pay more than $5k for someone who only knows how to audit and lack commercial accounting experience.
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| Today 12:47 AM |
| Unregistered |
Quote:
Originally Posted by Unregistered
the purpose of EP is to encourage highly skilled foreign workforce from overseas to diffuse the technical know-hows to local firms...
auditor from 2 hr drive diffuse nth but competition to the lowest pay possible for this industry
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Its bs in the first place. Its just firms are ball lickers to low cost in the past, till now.
Its funny what skills set can be transfer to local work force.
Fk up the quality only? Thats a skill.
Finally someone with thinking mind. All these local accountancy grads have been lied to for years. Compete in a section with low quality workforce and only interedted to rush to bottom.
STAY AWAY FROM ACCOUNTANCY.
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| Yesterday 11:38 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
But idk why some auditors ep really got rejected. Some of them are going back Malaysia dyyyy.
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the purpose of EP is to encourage highly skilled foreign workforce from overseas to diffuse the technical know-hows to local firms...
auditor from 2 hr drive diffuse nth but competition to the lowest pay possible for this industry
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| Yesterday 11:33 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Big 4 audit firms dont differentiate because they can no longer afford to differentiate, if you havent realize there are audit programs that cater for non-accountants now.
just 6 years ago, my batch of 46 had only 2 private U within the batch. now? lol, pretty sure the most recent intake only 50% is from local U, not to mention this 50% is already the batch that entered accountancy with a crap JC score
glorious times
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FYI i think they also have poly program for poly grads... seems like just have to take ACCA/CA afterwards and u are as good as local FCH in par eyes...
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| Yesterday 11:14 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Big 4 audit firms dont differentiate because they can no longer afford to differentiate, if you havent realize there are audit programs that cater for non-accountants now.
just 6 years ago, my batch of 46 had only 2 private U within the batch. now? lol, pretty sure the most recent intake only 50% is from local U, not to mention this 50% is already the batch that entered accountancy with a crap JC score
glorious times
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6 years ago means you in your 30s already lah or manager level if you still around
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| Yesterday 11:13 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
the longer u wait in big 4 the harder it is for u to find some legit commercial accounting position without being lowballed. this industry is dominated by middle age auntie and uncles who may not even have a degree, forget abt CPA/CA. chances are most SMEs rather hire a 5k per month 8YOE auntie accountant as compared to ex-auditor. 1st they cant afford u, 2nd as compared to these laoniao, u more likely to jump again as u want more salary 2 years later...
I jumped out as S1, was offered a 30% increment plus a title drop (senior to analyst) . recently got another offer which gives me a 40% jump (this is after my 2 years in commercial with 20% adjustment - promoted once) same batch friends trying to jump out now, she was offered mostly at her current big 4 salary / 5-10% increase, what's worse is most FP&A job will take those from FP&A or accounting advisory functions. Auditors are not competitive in the Finance BP / FP&A fields cos of the lack of knowledge in Tableau/Power BI/ management reportings
if u want jump, jump asap. dont think the jump as mgr get 40% bump works anymore
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to be fair, there is always two sides of a coin, i myself left with a 30% increment as s1 recently. honestly best decision of my life. in fact i managed to get 2 offers that offered 30% increment (big MNCs)
the reason i left is because when i look around, my peers cant even string together two complete sentences, and some of them the accounting knowledge is non-existent, and yet i draw the same salary as them. no thank you.
the point im trying to make is, as long as you can articulate the value of your experience in audit, e.g being able to see the big picture and correlate financial information + some technical, its easy to get a job, because well look at the current state of the people coming out of audit. one of the interviewer was surprised i could give some JEs for initial and subsequent measurement of a bond when some people with 5 years FS experience can even do the same... and im not even from a FS background...
i guess im just thankful that i got pretty good exposure during my first 2 years and had decent seniors and managers to guide me, but i can quickly see that even that is going downhill as some of the seniors nowadays are questionable at best...
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| Yesterday 11:03 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Big 4 audit firms don’t differentiate between universities, whether private or foreign. seems like commercial firms do. university name still matters even after you have worked for a few years. lol
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Big 4 audit firms dont differentiate because they can no longer afford to differentiate, if you havent realize there are audit programs that cater for non-accountants now.
just 6 years ago, my batch of 46 had only 2 private U within the batch. now? lol, pretty sure the most recent intake only 50% is from local U, not to mention this 50% is already the batch that entered accountancy with a crap JC score
glorious times
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| Yesterday 09:46 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
why so many audit seniors rather do shipping company audit than do construction audit?
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Construction is a low pay dead-end industry. Which accountant or auditor will pick this industry if given a choice?
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| Yesterday 09:22 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
i am a big 4 partner, i have a suggestion - how abt i just hire EP babies at 3.5k starting pay ? and the 4.8k kids are not necessarily smarter
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LOL. Why do you need 'smarter' in the first place? This is audit. Any 3rd world immigrant with a cert from a degree mill can do the job. It's not neurosurgery or strategy consulting.
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