How much does a Partner in Accounting Big 4 make?

Think Big
Think Future - Salaries of Partners in Accounting Big 4 Singapore

By Salary.sg

The top accounting and audit firms in Singapore are Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers (PwC). Collectively, they are known as the “Big 4”. Many fresh graduates in the NTU Accountancy and SMU Accountancy degree programmes aspire to work in the Big 4 firms, for reasons such as the learning and career development opportunities available, and the chance to work with high calibre accountants.

If one gets hired in a Big 4 firm, how much money can you expect to make as you move up the rungs? Thanks to our reader-contributors at Salary.sg Forums, we now know these:

 

How much does a partner in an accounting Big 4 firm make?

If you are an entry-level partner, $200-250k per annum all-in is quite common. The very senior ones will hit above 1 million and tend to be executives.

To reach the Partner tag, there are many internal levels to climb. However, once you hit partner, you’re 99% assured of a job all the way until retirement. It’s up to you whether you wish to retire with a sum of $20,000 to $30,000 or with a sum of six figures and above.

How long does it take to make partner?

Step 1. Keep working through the ranks. It will take you around 10 years to reach senior manager. By then, you will know whether you stand a chance at being a partner.

Step 2. Now that you are a senior manager, you will have to patiently wait for a partner slot to open up. You may either create a new line of business that is so profitable that you are promoted to partner or you could replace your superior’s position when he or she retires.

After the senior manager level, you will have to climb through the next two levels of Assistant Director and Director. Generally, it takes at least 20 years to reach the junior partner level.

So here you go! To make approximately S$200,000 per month as an accountant in any of the Big 4 will take you some years to get there. If this is what you’re gunning for, keep up the hard work and perseverance and you’ll get there.

 

This article was contributed by Salary.sg. Any questions or comments should be addressed directly to them.


Tags: accountancy, accounting, Big 4, salaries, salary, wage, wages