Just wondering what is the salary range for managers in audit firms in Malaysia?
Those in Big 4 or mid tier firms feel free to comment
This post has been edited by tannyboy91: Dec 12 2020, 12:43 AM
Manager salary in Audit Firms
Manager salary in Audit Firms
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Dec 11 2020, 10:56 PM, updated 6y ago
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Just wondering what is the salary range for managers in audit firms in Malaysia?
Those in Big 4 or mid tier firms feel free to comment This post has been edited by tannyboy91: Dec 12 2020, 12:43 AM |
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Dec 11 2020, 11:04 PM
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Dec 12 2020, 12:42 AM
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Dec 12 2020, 12:43 AM
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Dec 12 2020, 12:43 AM
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Dec 12 2020, 03:05 PM
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QUOTE(anggaPra @ Dec 12 2020, 09:25 AM) He left the firm on 2017.. with the stagnant increment it should b more or less the same now.. or even lower due to pandemic idk lol.. cus i know UHY middle management salary are being cut.. not sure about big 4 tho Audit salary and the workload really doesnt go hand in hand. However they get promoted easily compared to corporate |
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Dec 12 2020, 03:54 PM
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QUOTE(agewisdom @ Dec 12 2020, 03:30 PM) Audit workload doesn't let up and you're not really learning valuable skills from a market standpoint. Once you reach manager/senior manager, the more important skills are relationships. Whether you got business contacts to get more clients and increase audit fees. That'll help you go up to partner. 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?Technical skills usually Big 4 got plenty of people to cover, from managers to technical partners. It's relationships and marketing skills that'll get you ahead to partnership level. Unfortunately, this means if you're can only get ahead if you're from the upper class tier [real upper class] or if you manage to 'jilat' enough corporate clientele. To get to higher levels like senior manager or partnership, you have to be able to bring in more profits than what you're getting, else why they bother to make you a partner. If you've the right contacts and can bring in big clients, you DON'T need much technical skills. All your downliners can mostly handle and you just 'sign'. If you don't make the jump, don't bother staying in audit firm. For that sort of stress, jump to investment bank better. Higher salary, higher bonus, same shit stress levels. At least IB skills might be more useful later when switching. Audit - stay max 5 years. |
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Dec 12 2020, 03:55 PM
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QUOTE(gogocan @ Dec 12 2020, 03:20 PM) tax manager in some big 4 starting at RM 9k...a bit low but for 30+ age not bad la. But not many can tahan the workload.. that is why the turnover is quite high in audit firm. But I heard some Assistant Managers in firm their salary range around 5-6k?workwise once attain the necessary experience CV also dah cantik.. better jump to GLC MNC to get more with lower workload. |
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Dec 12 2020, 03:57 PM
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Dec 12 2020, 04:28 PM
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QUOTE(agewisdom @ Dec 12 2020, 03:30 PM) Audit workload doesn't let up and you're not really learning valuable skills from a market standpoint. Once you reach manager/senior manager, the more important skills are relationships. Whether you got business contacts to get more clients and increase audit fees. That'll help you go up to partner. Not easy to get into IB, unless you graduated from those Ivy League unis overseas or you scored really good like first class honoursTechnical skills usually Big 4 got plenty of people to cover, from managers to technical partners. It's relationships and marketing skills that'll get you ahead to partnership level. Unfortunately, this means if you're can only get ahead if you're from the upper class tier [real upper class] or if you manage to 'jilat' enough corporate clientele. To get to higher levels like senior manager or partnership, you have to be able to bring in more profits than what you're getting, else why they bother to make you a partner. If you've the right contacts and can bring in big clients, you DON'T need much technical skills. All your downliners can mostly handle and you just 'sign'. If you don't make the jump, don't bother staying in audit firm. For that sort of stress, jump to investment bank better. Higher salary, higher bonus, same shit stress levels. At least IB skills might be more useful later when switching. Audit - stay max 5 years. |
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Dec 12 2020, 04:29 PM
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QUOTE(agewisdom @ Dec 12 2020, 04:17 PM) Not non stop, but maybe for 1/2 year since most clients year end at 31st Dec. Also depends on the seniority. Those more senior may get better clients, so not so bad. Some shitty clients, OT is because the client's messy accounts and giving late information. And also lack of skilled audit seniors to do a good job. Depends on luck, when started out in audit firm. If you follow the right senior or manager you will climb smoothly despite the work load if the opposite it will be hell for you. Must know how to jilat or play politics by mixing with the right people |
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Dec 12 2020, 04:33 PM
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QUOTE(ceo684 @ Dec 12 2020, 04:17 PM) 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). Wow good illustration, may I know if you have started your career as an auditor before. You seem experience hahaAudit 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) |
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Dec 12 2020, 05:06 PM
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QUOTE(ceo684 @ Dec 12 2020, 04:48 PM) I'm not a qualified auditor by any cert. Sometimes I feel audit is not really value adding. It’s more of a compliance thing because regulation requires it to be there to provide assurance to stakeholders. Other than that, it’s not much of a value to organization compared to sales or marketing in a organizationMy only experience with accounting was the basic compulsory Accounting A (first year one sub) which business major people have to take in uni 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 |
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Dec 12 2020, 05:22 PM
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Dec 12 2020, 05:24 PM
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Dec 12 2020, 05:26 PM
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