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 Manager salary in Audit Firms

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SUSceo684
post Dec 12 2020, 03:09 PM

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QUOTE(anggaPra @ Dec 11 2020, 11:16 PM)
My ex-boss was Deloitte audit manager.. his last drawn salary was 7.8k.. he said audit manager salary range also quite big.. some only earn about 5k.. some earn 10k+..
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Senior executive (senior con) already getting 5k
Manager also 5k? Doesn't really make sense
SUSceo684
post Dec 12 2020, 03:24 PM

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QUOTE(Blofeld @ Dec 12 2020, 03:10 PM)
small firm managers are not paid very high.
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I was in the no.4 big4 as senior con before in the past 2 yrs bruce.gif
SUSceo684
post Dec 12 2020, 04:05 PM

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QUOTE(tannyboy91 @ Dec 12 2020, 03:57 PM)
Do senior consultant really get that type of salary? Cuz imagining the freshie (big 4) say getting 3k as their base then their increment is 300 per year? Or more?
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3k starting is pretty much standard
Increment it depends but double digit % is not unheard of.

I did not dedicate my soul to audit lah, as I came in as experienced hire in advisory - but I think it also depends on which career tier as well as how many steps are in the "staircase" of the firm's career levels.

This post has been edited by ceo684: Dec 12 2020, 04:06 PM
SUSceo684
post Dec 12 2020, 04:07 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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Manager pay also depends on the line of work and size of firm.
Fast food outlet manager may earn similar to a big 4 freshie.

I've also been in startups where the marketing manager only got 5k.
SUSceo684
post Dec 12 2020, 04:17 PM

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QUOTE(tannyboy91 @ Dec 12 2020, 03:54 PM)
So to those accounting grads out there, they won’t be missing out if they don’t join audit as their stepping stone career path?
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If you know the business process flow well enough then you will have had a taste of 'street smarts' to in commercial firm in accounts role (since you already qualified accountant by virtue of professional cert/ACCA/degree etc).

Audit experience to me, no offense, is a compressed crash course in learning the business process since you need to trace all the money is following the correct practices, i.e. no fudging accounts. Which is in effect you get to know what goes where but not necessarily learn how a business is run in detail (w.r.t. marketing/product management/credit control). Essentially, you can trace and question where the money is coming from/flowing out/and is it recorded correctly according to acctg standards but sometimes a little bit of common sense needed,

I got asked by auditor (one of the big 4) before because they noticed there was a spike in ancillary side dish product sales.
The big picture - when a new MAIN product is launched and when number of total customers go up (because of that new MAIN product success),
then the ancillary side dish product also recorded a spike in sales (which should be attributed to the growth in customer base accordingly) whistling.gif
SUSceo684
post Dec 12 2020, 04:48 PM

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QUOTE(tannyboy91 @ Dec 12 2020, 04:33 PM)
Wow good illustration, may I know if you have started your career as an auditor before. You seem experience haha
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I'm not a qualified auditor by any cert.
My only experience with accounting was the basic compulsory Accounting A (first year one sub) which business major people have to take in uni laugh.gif

My work experience is largely comprised of:
product management (L3 escalated operations/marketing admin support/formulating and executing business functional spec requirement end-to-end from planning to production launch)
product development (core services development/PMO buruk) - end-to-end PMO buruk i.e. PMO role without formal PRINCESS or PMP cert
consulting buruk (in house BPI/tool development/advisory whilst being in big 4 as senior con in Advisory division umbrella) - i.e. NOT dedicated as Consulting division for external folks

This post has been edited by ceo684: Dec 12 2020, 04:51 PM

 

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