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Yesterday 10:47 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Equity partner in big 4 earns how much
I’m sure you can Google but I’ll save you some effort

s://big4accountingfirms.com/big-4-partner-salary/

I’m not going to help you with the currency conversion. Do that yourself.
Yesterday 10:44 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Can someone explain to me this concept of singapore equity partner in the big 4?
Are u paid a salary/bonuses?
Uhh company law was never my best subject but let me try.

Big4 are structured as Limited Liability Partnership instead of Companies.

So instead of shareholders, they have Partners.

Equity partners aren’t just employees, they literally own a share of the business. Except instead of “shares” like companies, it’s structured like a stake which is determined by their partner ship agreement. So the senior partners would likely have a larger stake. And you can’t freely buy/sell this stake like shares - its all based on the agreement with the partnership.

They draw a monthly salary, but beyond that they get PROFIT SHARING which is the big bucks. It ties in directly with the firms performance and their contributions.

The range between junior and senior partner is huge - you can Google “big 4 partner salary” to get a rough idea.
Yesterday 01:19 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
So given that
1) I am already a CA
2) I’m not part of the “want to quit already” group
3) I do care about jumping from a Big4 audit to KP audit if they are paying 20% more

You recommend I go over if I get the opportunity to do so?
Yeah why not?
My friend in KP audit draws higher salary than my other audit friends, and the **** you get in audit is the same in any big4 lol
Yesterday 12:07 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I don’t think there is any reason.

You would be just happy to get any big4 job when you grad
KP only pay 20% when you get CA, so the first few years don’t matter at all, but by the time you reach senior associate and get CA, you just want to quit already. No one care about jumping from a big4 audit to KP audit

And of course everything comes down to opportunity. Everyone wants to apply KP but KP won’t hire everyone.
So given that
1) I am already a CA
2) I’m not part of the “want to quit already” group
3) I do care about jumping from a Big4 audit to KP audit if they are paying 20% more

You recommend I go over if I get the opportunity to do so?
Yesterday 11:27 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Any inputs from the senior associates here?
I don’t think there is any reason.

You would be just happy to get any big4 job when you grad
KP only pay 20% when you get CA, so the first few years don’t matter at all, but by the time you reach senior associate and get CA, you just want to quit already. No one care about jumping from a big4 audit to KP audit

And of course everything comes down to opportunity. Everyone wants to apply KP but KP won’t hire everyone.
Yesterday 07:22 AM
Unregistered Equity partner in big 4 earns how much
19-09-2021 11:45 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
So what reason is there for choosing one of the other three besides KPMG if you are already a CA?
Any inputs from the senior associates here?
19-09-2021 11:19 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Is Senior Manager the maximum level you can go by being an office “worker”? And further progression is more sales-based like having the connections to bring in customers?

Lol if I wanted a sales based role I go be salesman or marketing in the first place.

Or if you have those connections, you don’t really need to depend or beg the firm for promotion right? They will be rushing to promote you.
Revenue generation is of course the most important aspect for any firms. Even if you join any banks/ FIs, at the C-suite/ top management level, it’s all about business development - growth, partnerships/ M&A to increase revenue/ operating profits
19-09-2021 10:34 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Heard rumours that DT currently reviewing salary to match other 3, anyone can confirm?
I doubt anyone here will be able to confirm such information. Please try asking your superiors instead.
19-09-2021 04:25 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
BTW I am a incoming M in Yellow. I have no sales target. Focusing on technical work and act as SME for complex project.
which industry are you in?
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