After getting kicked out of McK late last year, this gives me schadenfreude 🤣

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Well yeah - I went to industry AND YOU SHOULD TOO!
15% of the working hours for 80% of the pay of a principal/AP?
Why not!
(I don’t have ambitions for partner, I’m happy)

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A2: I can bet you’re team red 😁

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Better to have loved and lost than to have never loved at all, i.e. myself who got dinged in the final round at McK

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I don't know, I think if I knew I was going to get tossed, I wouldn't have come

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"No"

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THE AUDACITY

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As someone who had acess to the full report, I can tell you: this so called news sucks.

The report only accounted for US offices (UK is mentioned as well) and most importantly, the report clearly mentions the firms bring people from other offices to use in US projects - and they never mentioned it in the news.

Yeah, retention is a problem for most firms now. Yeah, all major firms have been reporting high levels of utilization (I don't think any MBB/T2 had an utilization lower than 90% in this year - maybe BCG). But this news gets a report that says "it's bad" and claim it says "it's a major crisis for consulting"

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What you mean grew 40% while is up 10%, BCG2? 40% is locally?

Consulting firms when you leave after no promotion, no raise, 70% pay pump when leaving for industry, and high company profits

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A few thoughts:
1) those bragging about 95% utilization are missing the point. That’s not sustainable - you can’t invest in your people, growth opportunities or relationships when your staff are that stretched.
2) Agree McDonalds and consulting are different animals wrt hiring - but it’s valid to compare/contrast across segments even though they don’t target the same resource pool
3) Consulting firms have always been overly aggressive in managing their workforce, not always wise at the micro but usually smart at the macro level. I was part of a RIF 12 years ago; received a great separation package and then spent the next few years as an independent contractor filling roles they could no longer supply because they didn’t have anybody with my skills - making 2.5x what I was while an employee there. I don’t hold any ill will; it was probably one of the best things that happened to me in my career.

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If that is true, can somebody give me a referral to McKinsey? I work my ass off at a boutique I kind of regret joining.. 1st gen immigrant with a degree from a nontarget LAC, so I could really use a leg up to get an interview.

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Currently considering a boutique from Big4. A 20% hike will be more than what my current firm will give me in 3 years. Would you really consider forgoing that?

Where’d you go friend

Cultural cross-tie alert: SG is one of Charlton Heston's finest hours. Plus you get to see Edward Robinson infatuated with a lettuce leaf. And when do they distribute it? On Green Day.

Kicked out?

No weed, just kicking poorly illustrated with emojis

Wow

How does getting kicked out work? Asking for a friend..

Serious related question...is it true that recruiting is suddenly harder? Haven't tons of people jumped ship from their firms to actively pursue other consulting roles. You not only have a more mobile network of experienced hires but a new graduating class with students who just went through a terrifying period of uncertainty that I imagine would drive them to a stable, well-paying industry.

What am I missing?

I don’t get this post??

20-25 years ago, the best and brightest who wanted a prestigious job that paid a lot of money either went into consulting or IB. Now they go work for FAANG. Even the gap between consulting and the better jobs in industry have narrowed considerably.

Or startups

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I had a dream where my utilization was -0.4%. I woke up in night sweats.

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Got email to put my counselee on PIP. His performance is top mark, but bc the panel aren’t factoring in his paternal LOA and his overall utilization. I’ve notified of the need for adjusted (cont’d)

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TIL: Just attended the kickoff session of a Flexibility and Predictability committee for a multi-project account. They mentioned that Booz and McKinsey exclude PTO from utilization calculation.

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What are firms utilization and sales expectations for manager? My sales for first year manager is 1m and utilization is 70%. Is this generally normal, lenient, or aggressive? I’m at a small boutique ~100 people

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Has anyone successfully utilized pathrise or a similar service to find a role? I have an entry-level colleague who wants to know if it’s worth the rates.

Background: Pathrise is a mentorship/career guidance program.

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How does it feel to earn less than US Consultants while also struggling for utilization

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What were some challenges y’all faced this week?

I’ll start. Trying to get non local resources utilized. National Leadership thinks this is the answer to our problems but local leadership is hesitant.

What was your utilization for this year and what area of fraud/forensics are you in? Mine was 73% in eDiscovery.

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Someone correct me if I’m wrong… for PDM Analysts/Senior Analysts with 93% utilization target, working 40 hours a week, factoring in holidays/collective disconnect days… there’s 1 day of PTO available across the entire performance year in order to meet utilization by Jan 8? Is that even legal? Lol

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Worth pursuing business development as an experienced analyst going into senior? Its something I'm pretty good at but it seems like at my level youre mostly evaluated on utilization...

I wish admin utilized Tier 1 supports with teachers. Smiles, appreciations and acknowledging ones efforts would do a great deal to boost morale and climate. I just don’t understand what that is so hard to do.

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Any Monitor Deloitte people in here based out of Southeast Asia? What is the avg. salary raise (base + performance bonus) should I expect from 1st year Consultant to 2nd year C? Current performance scatterplot is at highest top right, utilization rate 90%. Thanks!

Have any respiratory therapists found jobs OTHER than being a clinical RT? I want to possibly change careers, but I am finding that a lot of jobs (clinical liason, utilization review, etc) want you to have a nursing degree, not a respiratory degree. I feel like as an RT we are limited to jobs.

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Promoted to SSE with 25% hike and VP as 9% . I had received ACE award in Q3 . I have also maintained utilization report 100% still I got less VP. Can I ask manager to revisit the component

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Will I get laid off by having low utilization? I have been asking for works but my utilization has been 50% YTD. First year. I'm very worried about the upcoming CRT review

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Do you have flexibility within EY-Parthenon to join different types of projects, say from m&a to strategy or restructuring? I’m interviewing with them and I just don’t believe it when people tell me you can actually be utilized flexibly.

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PwC people. Got an email for minimum utilization required for tier 1 or 2 bonus. What is this?!

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Can someone explain utilization and realization to me? I just wrapped up my first week on an engagement (9/30 client) and am a first year at a national firm. I understand billable hours and the budget

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Deloitte 🐠: Can people who got 1 or 2 ratings before share your metrics, i.e client/adj utilization, PRD hours, applaud awards, anything else...Thanks!

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does EY have significantly more vacation to use than Deloitte? I would get 22 pto plus 3 personal plus 10 family sick leaves at EY. deloitte has only 23? that too it sounds against utilization

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I started working for a company a few months ago and my working hours have been crazy. It has now gotten to a point where it takes a serious toll on my mental and physical health. I’m constantly expected to pull 50-hour weeks but I feel like even this isn’t enough. I’m under constant stress. Tried to flag to my manager a few times that my workload has been unbearable but I always get a hard push back. Should I jump ship and quit? Has anyone been in the same situation and has some good advice?

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Dang PwC fired me today……





for saying I’m going to Deloitte.

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