QUOTE(starfen @ Apr 11 2010, 08:21 PM)
i m currently pursuing accounting degree. for years of gathering knowledge and suggestions about accounting field, people always say go for the big4 audit, as it provides learning and exposure. It's like a MUST to join big4 for at least 3years to have good job prospect. However, i heard my seniors said that those who leave big4 after 3years of experience only make 4k+ in commercial line. there is no doubt that the experience and qualification prepare you to the higher position like CFO. but this position is like one in a million, u dream to achieve it but not everyone can make it eventually. what i'm questioning is that pay for accounting does not grow as fast as other industries like consulting(which can reach 5figures in 5years experience),engineering or investment banking.is that true? jz got confused again regarding future career path,money matters a lot afterall. hope someone can enlighten me
I suspect that is because of 'value creation'. Employees that create value, such as that of consultants or investment bankers which help multiply a firm's income through creative skills are move in demand. Auditors follow prescribed standards and techniques to do their job, which is why the salary does move slower.
This is only true when you're in the 'technical' phase of your career. When you enter the 'management' phase, then it is how effective a leader you are, and at that time auditors with the proper experience and mentality can make lots of money, having the experience to make good financial decisions that can save thousands for a company.
Another point I would also like you to ask your seniors, is that if those who leave a Big4 firm after 3 years to enter commercial only make RM4k+ in commercial line, then how much does a senior who never joined a Big4 firm but started commercial makes after 3 years?
3 years is also quite fast for a Big4 firm. You would only reach the level of Senior Associate. Working for 5-6 years, and you should be Asst Manager or Manager, which would net you a whole lot more than RM4k.