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 Manager salary in Audit Firms

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miromiro
post Dec 12 2020, 05:08 PM

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20k + sun set orange

This post has been edited by miromiro: Dec 12 2020, 05:08 PM
TStannyboy91
post Dec 12 2020, 05:22 PM

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QUOTE(Screen @ Dec 12 2020, 04:19 PM)
Not high as before, especially after Covid.

Basically we are having more stress (bad results from clients due to Covid, more risks), less pay, and nothing motivating enough to look forward to (some firms freeze promotion or just terang2 say no bonus).
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Really??
gogocan
post Dec 12 2020, 05:22 PM

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QUOTE(tannyboy91 @ Dec 12 2020, 03:55 PM)
But I heard some Assistant Managers in firm their salary range around 5-6k?
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big 4?5-6k more like supervisor level only
SUSBug Juice
post Dec 12 2020, 05:23 PM

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QUOTE(ycs @ Dec 11 2020, 11:19 PM)
pls dont waste your life auditing
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According to k, becum youtuber straight RM155k/m.
TStannyboy91
post Dec 12 2020, 05:24 PM

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QUOTE(gogocan @ Dec 12 2020, 05:22 PM)
big 4?5-6k more like supervisor level only
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Supervisor or assistant manager. Which is higher in terms of rank
cHaRsIeWpAu^^
post Dec 12 2020, 05:25 PM

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my gf senior exec MNC also 7k wo.

she said AM at least 9k, manager at least 12k.
gogocan
post Dec 12 2020, 05:26 PM

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QUOTE(Screen @ Dec 12 2020, 04:19 PM)
Not high as before, especially after Covid.

Basically we are having more stress (bad results from clients due to Covid, more risks), less pay, and nothing motivating enough to look forward to (some firms freeze promotion or just terang2 say no bonus).
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This year got bonus or not
TStannyboy91
post Dec 12 2020, 05:26 PM

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QUOTE(cHaRsIeWpAu^^ @ Dec 12 2020, 05:25 PM)
my gf senior exec MNC also 7k wo.

she said AM at least 9k, manager at least 12k.
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MnC can pay well I think. Usually even those assistant managers or managers in big 4 will also join MnC as senior

This post has been edited by tannyboy91: Dec 12 2020, 05:37 PM
anggaPra
post Dec 12 2020, 05:29 PM

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QUOTE(ceo684 @ Dec 12 2020, 03:09 PM)
Senior executive (senior con) already getting 5k
Manager also 5k?  Doesn't really make sense
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that's what my ex-boss said.. make sense to me because you can be a manager in audit within 3-5 years due to high turnover, especially true if you have just been promoted to manager.. and this is audit which typically pays lower as compared to consulting.. but then again the salary range is huge.. managers with more experience or managing bigger portfolio may earn over 10k..
SUSCmyong88
post Dec 12 2020, 05:32 PM

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All my accounting exe and above have minimum 2 years audit background. People with audit background are very procedural and very easy to train. I like people with audit background. For instance, they never leave question/problems I've asked unanswered,however long it may be for they to find a solution. They also very so
seldom use the words forget and don't know.
SUSagewisdom
post Dec 12 2020, 06:05 PM

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QUOTE(tannyboy91 @ Dec 12 2020, 04:28 PM)
Not easy to get into IB, unless you graduated from those Ivy League unis overseas or you scored really good like first class honours
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Nah, IB is perennially short of staff. The issue is you usually need an audit background or something equivalent so that they don't have to train you from scratch. And you'll need to actually keep on applying. Better yet if you've read up on prospectus, circulars, SC guidelines etc. Cos' most of the time, I don't think IB actually train you well. Depends on the immediate superior.

Thework hours are really long and the job is actually pretty boring and mind numbing for most people except for a select few. IB work is worst than audit. Imagine looking at the damn prospectus for the 100th time checking. In audit, maybe at worst, you look at the 10th draft and that's rare.

And having deadlines all the time... Most external audit deadlines are mostly internal, but IB a lot of deadlines are set by Bursa, SC ... so it's rush, huff and puff...

IB might be interesting but it's not everyone.
SUSagewisdom
post Dec 12 2020, 06:09 PM

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QUOTE(Cmyong88 @ Dec 12 2020, 05:32 PM)
All my accounting exe and above have minimum 2 years audit background. People with audit background are very procedural and very easy to train. I like people with audit background. For instance, they never leave question/problems I've asked unanswered,however long it may be for they to find a solution. They also very so
seldom use the words forget and don't know.
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That's because most audit firms hire those with:

1. Professional qualification
Meaning, they actually learn basic things like double entry and other technical stuff. Degree holders depending on the uni sometimes focus too much on theory, like what's the purpose of financial reporting, theoretical stuff like opportunity cost in accounting etc.

2. Audit training
Basic excel skills and word training etc. already learned on audit. So your life is easier.


Screen
post Dec 12 2020, 06:10 PM

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QUOTE(cHaRsIeWpAu^^ @ Dec 12 2020, 05:25 PM)
my gf senior exec MNC also 7k wo.

she said AM at least 9k, manager at least 12k.
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Bro audit firms pay shit ton lesser than MNCs la haha

This is how auditors jump out and occasionally humble brag to their friends on their 50% increase in salaries and shit
Screen
post Dec 12 2020, 06:14 PM

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QUOTE(tannyboy91 @ Dec 12 2020, 05:22 PM)
Really??
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To keep it simple, client not performing = they dont want to pay as much as before = maintain fees or request to cut fees or drop to lower tier firm = less income for firms = less income for partners = less income for everyone else
Screen
post Dec 12 2020, 06:16 PM

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QUOTE(gogocan @ Dec 12 2020, 05:26 PM)
This year got bonus or not
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Unlikely sad.gif

They dont terang terang tell u, just give you false hope so that they retain staff until after peak
JimK
post Apr 11 2021, 09:00 PM

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For someone left from big 4 and senior enough, to join smaller firm like YYC those to atleast SM/ED, does it help if we were to do own firm biz next time?
mitun
post Apr 11 2021, 09:15 PM

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Auditing is probably the best thing an accounting graduate can start their career with. You learn at an accelerated rate and you are able to handle a lot more responsibilities than someone in a commercial firm at the same level. Literally whatever you do later on in your career you can be sure the auditing experience will be relevant and useful because you gain practical experience on how businesses are run as well as technical experience. Not to mention 70-80% of you colleagues are women who have no time to meet other men outside of work. 3-5 years easy then move on.
Insecurepassword P
post Dec 8 2021, 02:00 PM

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QUOTE(gogocan @ Dec 12 2020, 05:26 PM)
This year got bonus or not
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Mana ada bonus...

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