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Compare foreign banks with the Big Four to see which one is more suitable for you?
(1)-At the invitation of Banzhu (Tsinghua, Shui Mu), I wrote something about the comparison between working in foreign banks and the four major jobs. In banks and accounting firms, the work is not the same because of the different specific departments. This paper only makes a comparison between these two types of companies in general, which is purely personal (but absolutely true and does not contain personal preferences), hoping to help everyone. (2)-The degree of busyness seems to be known to everyone in the world. The accounting firm crazilybusy and the bank can't be said to be idle, but it can only be said to be relatively normal. Actually, it is. The Audit Department has a busy season and a low season. When busy, it stays up until 2 or 3 o'clock every day, and there is no weekend. Sometimes it flies directly from one city to another, and it can't stay at home for a day. In the off-season, I am very idle. If I am bold, I don't have to go to the company. If I go, I can read books by myself. Therefore, the advantages of the audit department are: earn money to earn holidays when you are busy, and it is a good time to review exams when you are free. The tax department has no obvious busy season and off-season, but it will always be very evenly busy, and it is common to work continuously until eleven or twelve o'clock. In fact, in accounting firms, especially in the tax department, being busy is also closely related to personal character (the audit department has no choice but to be busy), that is to say, accounting firms are busy in general, but some people can get off work on time almost every day. Associate is usually the lowest level in the company, which means that everyone in the company can ask you to help them, but both the manager and the senior will politely say to you, "You have time, can you do me a favor?" At this time, the soft-hearted people will agree even if they are already busy to death, so it is their own suffering, and it is likely that they will not even have overtime pay. Some people will say that they are not free, and managers and senior usually don't insist. Some tough associate will say that they are busy and don't take new jobs to ensure that they can get off work on time. However, if you always say that you are busy, others will not give you any more work, so you have to weigh it yourself when evaluation. Therefore, if you want to be a topperformer, get toppay, and have the opportunity to be promoted to a manager in the future, you must work hard, which is probably the busiest. Of course, toppay doesn't look at who is the busiest, and there are some thankless ones. (3)-Personnel composition 1) The ratio of men to women is almost the same in foreign banks and accounting firms, with more women than men (about male: female is1:3 or 4), but the higher the level, the more men there are (alas, it's really unfair), and the biggest bosses are almost all men. Relatively speaking, Puhua is the most male. 2) The employees are mainly young people because they are all foreign companies. In contrast, the personnel composition of accounting firms is younger. Accounting firms are promoted to a higher level every year. If they don't have a manager in senior for two or three years, it is estimated that they will leave. In addition, if they resign before they arrive at senior, accounting firms always keep young people as the mainstay. At the same time, because their Big Four have not been in China for a long time, they are old even if they are over 35 years old, and they are mainly high-level manager and partner. Banks have a relatively large age span. Although most of them are young people, there are many people who are still staff in their thirties. Because banks don't want employees to leave the bank, employees themselves don't have much pressure to leave the company, and employees who have worked for a long time are not very willing to leave the bank. 3) Employee-level accounting firms: mainly associate, senior, manager, Partner Deloitte also has a consultant level between associate and Senior, KPMG is Associate for three years, then assistant manager, which is essentially Senior, and Assistant Manager will be promoted to Manager after two or three years. Manager is big or small, which is related to performance and years as a manager. However, managers at different levels are all managers, and report are given to partner. Except for the difference in salary, there is no jurisdictional relationship, which means that the largest manager has no right to manage even the smallest manager. Except for Senior manager, all managers are the same in external title and are all managers. Foreign banks: staff and executive staff are ordinary employees, but staff is divided into several levels, and they have to be promoted one level at a time. Executive is the general manager who has the right to sign and make decisions. However, the level of executive is very fine, and there is a direct jurisdictional relationship between managers at different levels, with one level in charge and one level locked. 4) Foreign employees Foreign banks are like accounting firms. Although their parent companies may be from Europe and America, most mainland companies are actually managed by Hong Kong, so the big bosses are generally from Hong Kong, all of them are foreigners, and there are very few Chinese employees. The foreigners here mainly refer to Hong Kong people, with some from Southeast Asia. There are also foreigners in Europe and America, but very few. Among the big four, Deloitte has the least foreigners, because one of Deloitte's global strategies is localization, so in contrast, employees are more likely to appreciate as managers and partners. Ernst & Young has many Hong Kong managers. Puhua has many managers in Hong Kong and Southeast Asia. (4)-Income I think you may know the salary of accounting firms, but you don't know much about the salary of foreign banks. 1) The basic salary of an accounting firm is not high. Especially in the first two years, it is usually not as high as a better foreign company. The salary of the audit department, plus overtime pay and compensation, is very common even if the first-year employees get more than 10 thousand a month during the busy season, but they really get a lot of youth. I know that some employees who have worked in former aa for less than two years have already bought houses in Sihui. Therefore, working in the audit department of an accounting firm, making money is still very attractive. But personally, I think the basic salary of senior level in accounting firms is high, and the general basic salary is more than 10 thousand. If the senior who has switched jobs has the ability, it is also possible to talk to the boss about a monthly salary of 20,000 to 30,000 (catching up with the manager, but this situation is rare). 2) foreign banks I don't know if some people think that foreign banks are a place with high wages. In fact, the salaries of foreign banks are less than those of accounting firms. Not counting overtime and other income, only the salary, the lower-ranking managers of foreign banks are not as much as the senior (especially seniorII) of accounting firms (but not as busy as accounting firms). The basic salary of a general staff is similar to that of an associate in an accounting firm. 3) Overtime: Overtime paid by an accounting firm does not necessarily mean working overtime for several hours. How much work after work can be counted as overtime pay depends on why the customer works overtime, how much service fee the customer gives, and how much overtime will be approved by the customer's manager (because employees' overtime is directly regarded as the cost of the competent manager, so some managers don't want employees to work overtime frequently, so whether they are willing to approve employees' overtime work is up to themselves). As far as I know, Puhua's overtime work is basically how much he gets (but it seems that Puhua's senior doesn't have overtime pay, so I can't remember clearly); KPMG used to be ok, but now it is said that there is a new overtime policy. The total number of overtime hours minus 20 is the actual overtime pay, that is to say, overtime less than 20 hours a month is not considered overtime. If overtime is 50 hours (provided that it is approved by the manager), overtime will be paid for 30 hours at last. Anyway, overtime is stricter than before; Not to mention Deloitte, it all depends on the customer. Overtime is not guaranteed, and Ernst & Young's situation is not clear. This is the best for foreign banks. Overtime is almost always a few hours of overtime pay. Employees work overtime until 7 o'clock, which is not overtime at all in accounting firms, and can be paid overtime in foreign banks according to the facts. Because managers don't have overtime pay (nor do managers in firms), some high-ranking employees sometimes earn more than low-ranking managers with overtime pay. 4) Travel allowance for employees in the audit department of accounting firms, travel allowance is a big income, but this income has also shrunk now. There are very few business trips for foreign banks. 5) Wages increase every year. The wages of accounting firms have increased a lot, especially for the junior to senior,senior to manager, and the increase is even more, with an annual increase of more than 10%, 50%, and even a doubling of wages. Foreign banks have also upgraded a little more, but the upgrade is not as regular as that of accounting firms, and sometimes it doesn't rise after several years, so it generally rises less, that is, the inflation rate is a few percent. 6) The staff of the bonus firm has no bonus, the manager has a bonus, and the partners should have bonuses and dividends. The manager's bonus is tied to his performance. Foreign banks are different. HSBC seems to have no bonus, while Hang Seng seems to have a bonus. 7) Summary Generally speaking, the associate salary of the firm is similar to the general staff salary of foreign banks, but the firm has overtime and poor compensation, so the total income is much more. The firm has been upgraded regularly, and the salary has increased a lot every year, so senior earns much more than the small manager of a foreign bank. There is not much difference between two local managers with high level.