Is there a long term demand for accountancy grads?

Reply to Is there a long term demand for accountancy grads? on Tue, 04 Sep 2018 12:49:07 GMT

RoastChickenDance — Tue, 04 Sep 2018 12:49:07 GMT

The FInancial Time’s 2018 Skills Gap survey reveals what lies ahead in the jobs market

https://www.ft.com/__origami/service/image/v2/images/raw/http%3A%2F%2Fcom.ft.imagepublish.upp-prod-us.s3.amazonaws.com%2F5427eb06-acfb-11e8-94bd-cba20d67390c?source=next&fit=scale-down&quality=highest&width=700\">

https://www.ft.com/content/64b19e8e-aaa5-11e8-89a1-e5de165fa619

Reply to Is there a long term demand for accountancy grads? on Mon, 20 Aug 2018 16:27:39 GMT

sherlocktan — Mon, 20 Aug 2018 16:27:39 GMT

I guess studying accounting does not necessarily translate to working in an accounting role/firm? There are alot of different roles which suits an accountancy graduate. The financial skills will be useful in a bank, in a company, in various financial institutions or even in the civil service. Taken from that macro perspective, then yes, there will be long term demand for accountancy graduates.

Reply to Is there a long term demand for accountancy grads? on Mon, 19 Mar 2018 15:11:41 GMT

ngbrdad — Mon, 19 Mar 2018 15:11:41 GMT

What’s the difference between the accountancy courses offered by NUS, NTU, SMU ?

For NUS it’s together with a business administration degree right ?

Same for NTU ?

For accountancy alone which of the 3 schools is the best ?

Reply to Is there a long term demand for accountancy grads? on Sat, 24 Feb 2018 06:52:55 GMT

Kingal — Sat, 24 Feb 2018 06:52:55 GMT

Any different in Business and Accountancy course offered in NTU and NUS?

Seem NTU offered double degree for Business and Accountancy.

Reply to Is there a long term demand for accountancy grads? on Thu, 01 Feb 2018 10:16:16 GMT

octopusmum — Thu, 01 Feb 2018 10:16:16 GMT

Just to add, during my time many years ago, most of us used the Big 4 as the stepping board. think it is still the same…

Reply to Is there a long term demand for accountancy grads? on Wed, 13 Dec 2017 10:20:18 GMT

meinteel — Wed, 13 Dec 2017 10:20:18 GMT

mummyxoxo:
Just curious, does anyone have any idea of the pay range for fresh graduate in big 4 and in stat board (accounting related)? From what I heard, big 4 starting pay is $2.9k. Isn't this much lower than the median pay for fresh graduate nowadays?

Yes, Big 4 has a lower starting pay of between $2.7k to $3k depending on your class of honours. However, their salary increment is very fast as the review is held very often and each jump can be a few hundred.

My friend started at $2.7, 1.5 years later he is getting $4k.

Reply to Is there a long term demand for accountancy grads? on Mon, 11 Dec 2017 04:48:51 GMT

mjl — Mon, 11 Dec 2017 04:48:51 GMT

mummyxoxo:
Just curious, does anyone have any idea of the pay range for fresh graduate in big 4 and in stat board (accounting related)? From what I heard, big 4 starting pay is $2.9k. Isn't this much lower than the median pay for fresh graduate nowadays?

It is true that the big 4 starting pay is rather low, $2800 to $3000.
https://www.glassdoor.com/Salaries/singapore-audit-associate-salary-SRCH_IL.0,9_IM1123_KO10,25.htm

Some of my daughter’s friends from Accountancy who got 1st class honours and have had several internships under their belts went for consulting jobs in firms such as JP Morgan, Bane, were given starting salary of $5k to $8k.

Reply to Is there a long term demand for accountancy grads? on Sun, 10 Dec 2017 11:02:24 GMT

jtoh — Sun, 10 Dec 2017 11:02:24 GMT

http://www.salary.sg/2017/graduate-employment-survey-2016-published-2017/

By Average Gross Monthly Salary (in brackets are the 75th-percentile salaries)

SMU Law (4-year programme) Cum Laude and above – $5,095 ($5,800)
SMU Law (4-year programme) – $4,915 ($5,800)
NUS Bachelor of Laws (L.L.B) (Hons) – $4,898 ($5,600)
NUS Bachelor of Medicine and Bachelor Of Surgery – $4,887 ($5,200)
SMU Information Systems Management (4-year programme) Cum Laude and above – $4,603 ($4,750)
SMU Economics (4-year programme) Cum Laude and above – $4,425 ($4,750)
NTU Business and Computing – $4,407 ($5,000)
NUS Bachelor of Computing (Computer Science) – $4,385 ($5,000)
SMU Business Management (4-year programme)Cum Laude and above – $4,234 ($4,583)
NUS Bachelor of Dental Surgery – $4,221 ($4,450)
NUS Bachelor of Business Administration (Hons) – $4,207 ($4,500)
NUS Bachelor of Computing (Information Systems) – $3,969 ($4,500)
NUS Bachelor of Arts (Architecture) – $3,960 ($4,250)
SUTD Bachelor of Engineering (Information Systems Technology and Design) – $3,952 ($4,450)
SMU Accountancy (4-year programme) Cum Laude and above – $3,943 ($4,583)
NUS Bachelor of Engineering (Computer Engineering) – $3,942 ($4,500)
SMU Economics (4-year programme) – $3,906 ($4,300)
SMU Information Systems Management (4-year programme) – $3,897 ($4,167)
NTU Accountancy and Business – $3,893 ($4,250)
NUS Bachelor of Engineering (Industrial and Systems Engineering) – $3,879 ($4,250)
NTU Computer Science – $3,848 ($4,333)
NTU Aerospace Engineering – $3,840 ($4,435)
NTU Computer Engineering – $3,833 ($4,420)
SMU Business Management (4-year programme) – $3,831 ($4,000)
NUS Bachelor of Engineering (Electrical Engineering) – $3,765 ($4,200)
SUTD Bachelor of Engineering (Engineering Systems and Design) – $3,763 ($4,100)
NUS Bachelor of Engineering (Engineering Science) – $3,707 ($4,026)
SIT University of Glasgow Bachelor of Engineering with Honours in Mechanical Design Engineering – $3,685 ($4,200)
NTU Physics / Applied Physics – $3,683 ($4,000)
SIT Manchester Bachelor of Science with Honours in Nursing Practice – $3,624 ($3,838)
NUS Bachelor of Science (Pharmacy)(Hons)6 – $3,597 ($3,950)
NTU Information Engineering And Media – $3,570 ($4,000)
SUTD Bachelor of Engineering (Engineering Product Development) – $3,565 ($3,800)
NUS Bachelor of Engineering (Chemical Engineering) – $3,562 ($4,000)
NUS Bachelor of Engineering (Mechanical Engineering) – $3,560 ($3,800)
SMU Social Sciences (4-year programme) Cum Laude and above – $3,548 ($3,668)
NTU Science (with Education) – $3,546 ($3,850)
NTU Mathematical Sciences – $3,535 ($3,750)
NUS Bachelor of Science (Nursing) (Hons) – $3,529 ($3,600)
NTU Arts (with Education) – $3,525 ($3,615)
NTU Electrical And Electronic Engineering – $3,517 ($3,800)
NUS Bachelor of Engineering (Civil Engineering) – $3,509 ($3,800)
NTU Mechanical Engineering – $3,505 ($3,959)
NTU Civil Engineering – $3,505 ($3,800)
NUS Bachelor of Engineering (Materials Science And Engineering) – $3,501 ($3,900)
SIT Trinity College Dublin Bachelor in Science (Diagnostic Radiography) – $3,486 ($3,650)
NTU Sociology – $3,480 ($3,850)
NTU Chemical And Biomolecular Engineering – $3,476 ($3,800)
NUS Bachelor of Engineering (Environmental Engineering) – $3,470 ($3,832)
SIT Newcastle Bachelor of Engineering with Honours in Offshore Engineering – $3,469 ($3,575)
NUS Bachelor of Business Administration (Accountancy) (Hons) – $3,465 ($3,800)
NTU Mathematics & Economics – $3,458 ($3,750)
SMU Accountancy (4-year programme) – $3,455 ($3,600)
SIT Newcastle Bachelor of Engineering with Honours in Electrical Power Engineering – $3,452 ($3,550)
NTU Business – $3,444 ($3,800)
NTU Economics – $3,440 ($3,850)
NUS Bachelor of Social Sciences – $3,423 ($3,650)
SIT Newcastle Bachelor of Engineering with Honours in Chemical Engineering – $3,405 ($3,750)
SIT University of Glasgow Bachelor of Engineering with Honours in Mechatronics – $3,404 ($3,875)
NUS Bachelor of Environmental Studies – $3,399 ($3,500)
SIT University of Glasgow Bachelor of Science with Honours in Computing Science – $3,391 ($3,400)
NUS Bachelor of Science (Hons) – $3,386 ($3,650)
NUS Bachelor of Science (Real Estate) – $3,368 ($3,735)
NTU Linguistics And Multilingual Studies – $3,368 ($3,500)
NUS Bachelor of Engineering (Biomedical Engineering) – $3,366 ($3,500)
NUS Bachelor of Science (Nursing) – $3,363 ($3,425)
SIT Newcastle Bachelor of Engineering with Honours in Marine Engineering – $3,354 ($3,500)
SIT DigiPen Bachelor of Science in Computer Science in Real- Time Interactive Simulation – $3,346 ($3,500)
NTU Chinese – $3,345 ($3,500)
SIT Technische Universität München Bachelor of Science in Electrical Engineering & Information Technology – $3,339 ($3,488)
NTU Maritime Studies – $3,328 ($3,500)
NUS Bachelor of Arts (Hons) – $3,321 ($3,600)
NUS Bachelor of Arts (Industrial Design) – $3,320 ($4,000)
NTU Bioengineering – $3,317 ($3,510)
NTU Materials Engineering – $3,317 ($3,500)
SMU Social Sciences (4-year programme) – $3,311 ($3,500)
SIT Trinity College Dublin Bachelor in Science (Physiotherapy) – $3,310 ($3,500)
NUS Bachelor of Business Administration – $3,282 ($3,500)
NTU Sports Science and Management – $3,272 ($3,500)
SIT Newcastle Bachelor of Engineering with Honours in Naval Architecture – $3,266 ($3,500)
SIT Newcastle Bachelor of Engineering with Honours in Mechanical Design & Manufacturing Engineering – $3,266 ($3,500)
NUS Bachelor of Music – $3,250 ($3,500)
NTU Chemistry & Biological Chemistry – $3,234 ($3,500)
NTU Biological Sciences – $3,222 ($3,550)
NTU Environmental Engineering – $3,216 ($3,400)
SIT University of Glasgow Bachelor of Engineering with Honours in Aerospace Systems – $3,185 ($3,300)
SIT Trinity College Dublin Bachelor in Science (Occupational Therapy) – $3,149 ($3,225)
NTU Psychology – $3,136 ($3,500)
NUS Bachelor of Science (Project and Facilities Management) – $3,113 ($3,276)
NTU History – $3,082 ($3,500)
NUS Bachelor of Arts – $3,063 ($3,200)
NTU Accountancy – $3,063 ($3,100)
NUS Bachelor of Applied Science (Hons) – $3,058 ($3,350)
NUS Bachelor of Business Administration (Accountancy) – $3,020 ($3,100)
NTU English – $2,997 ($3,400)
NTU Communication Studies – $2,996 ($3,365)
NUS Bachelor of Science – $2,995 ($3,225)
SIT Technische Universität München Bachelor of Science in Chemical Engineering – $2,970 ($3,200)
SIT Glasgow School of Art Bachelor of Arts with Honours in Communication Design – $2,922 ($2,975)
SIT Glasgow School of Art Bachelor of Arts with Honours in Interior Design – $2,893 ($3,025)
SIT Newcastle Bachelor of Science with Honours in Food & Human Nutrition – $2,876 ($3,050)
SIT University of Glasgow Bachelor of Engineering with Honours in Aeronautical Engineering – $2,840 ($3,293)
SIT Wheelock Bachelor of Science in Early Childhood Education – $2,807 ($3,000)
NTU Art, Design & Media – $2,761 ($3,000)
SIT DigiPen Bachelor of Fine Arts in Digital Arts & Animation – $2,682 ($2,800)
SIT Nevada Bachelor of Science (Major in Hospitality Management) – $2,607 ($2,850)
SIT Culinary Institute of America Bachelor of Professional Studies in Culinary Arts Management – $2,586 ($2,800)
NTU Biomedical Sciences & Chinese Medicine – $2,577 ($2,800)

Reply to Is there a long term demand for accountancy grads? on Sun, 10 Dec 2017 05:17:09 GMT

mummyxoxo — Sun, 10 Dec 2017 05:17:09 GMT

Just curious, does anyone have any idea of the pay range for fresh graduate in big 4 and in stat board (accounting related)? From what I heard, big 4 starting pay is $2.9k. Isn’t this much lower than the median pay for fresh graduate nowadays?

Reply to Is there a long term demand for accountancy grads? on Sun, 19 Nov 2017 12:20:03 GMT

meinteel — Sun, 19 Nov 2017 12:20:03 GMT

mummyxoxo:
RoastChickenDance:
Much easier to move from big 4 to civil service than the other way around too.

Just curious, what is the benefit of doing so, given that big 4 offers better career growth?

Big 4 offers much better career growth - for the first 3-8 years of your career. It is very hard to climb beyond a manager unless she has wide networks of business owners. Furthermore, most people are drained out within the first 3-5 years. They will move to trading companies or public service which will provide comparable pay with WAY less workload and mental stress.

She must be prepared to frequently work overtime and possibly to sleep in office during the peak audit periods (if she is going the audit route). She should also aim for Chartered Accountant (CA) Singapore which would further add to her stress and working hours for about 2-3 years but extremely useful certification for her future.

Reply to Is there a long term demand for accountancy grads? on Sun, 19 Nov 2017 08:38:00 GMT

mummyxoxo — Sun, 19 Nov 2017 08:38:00 GMT

RoastChickenDance:
Much easier to move from big 4 to civil service than the other way around too.

Just curious, what is the benefit of doing so, given that big 4 offers better career growth?

Reply to Is there a long term demand for accountancy grads? on Sun, 19 Nov 2017 01:14:11 GMT

mummyxoxo — Sun, 19 Nov 2017 01:14:11 GMT

Thanks all for the insights! Will share it with my niece

Reply to Is there a long term demand for accountancy grads? on Sat, 18 Nov 2017 18:05:52 GMT

FantasyLandDreams — Sat, 18 Nov 2017 18:05:52 GMT

mummyxoxo:
My niece is graduating from NUS Accountancy soon. She is thinking of applying for (1) Big 4, (2) AGD / AGO. Can anyone advise which is a better choice for her future career, in terms of work experience, learning development, salary and welfare benefits?

Big four.

Reply to Is there a long term demand for accountancy grads? on Sat, 18 Nov 2017 17:08:41 GMT

mindays — Sat, 18 Nov 2017 17:08:41 GMT

mummyxoxo:
My niece is graduating from NUS Accountancy soon. She is thinking of applying for (1) Big 4, (2) AGD / AGO. Can anyone advise which is a better choice for her future career, in terms of work experience, learning development, salary and welfare benefits?

Am in the accountancy/finance sector. I would personally recommend her going for the Big 4. It is highly stressful for the 1st 3 years or so and it may be difficult to find a balance between work and life initially, but in the long run, the yields are a lot higher.

Reply to Is there a long term demand for accountancy grads? on Sat, 11 Nov 2017 03:56:43 GMT

mummyxoxo — Sat, 11 Nov 2017 03:56:43 GMT

My niece is graduating from NUS Accountancy soon. She is thinking of applying for (1) Big 4, (2) AGD / AGO. Can anyone advise which is a better choice for her future career, in terms of work experience, learning development, salary and welfare benefits?