Any PwC partners able to share some realities of the Career Round Table? I.e. advocating for your people, negotiating bonus/promo, what differentiates people, etc.

likehelpful
Posting as :
works at
You are currently posting as works at

We spend most of our time on outliers (1/2, 4) and promotions. Director promotes get 5-15 minutes of discussion each in the room but there’s usually been pre calls too so in the end it’s probably closer to 30 minutes of total discussion

For promotion to director, two things are compelling to me: are you creating capacity for the partnership and are you 3-5 years from being a partner. If the answer to either isn’t affirmative, then I’m not typically supportive of a director promote. By creating capacity for the partnership I mean are you actively building a book of business (selling), are you building the practice (developing people), and are you able to deliver on an increasingly independent basis

likehelpfulsmart

So, easy first...

There’s really no negotiating of bonus or comp. Tier dictates bonus % / $ and cohort grid dictates comp.

For everything, there’s always some advocacy in the room but what I’ve generally found is that partners that advocate too much, that only have “good” people, that think their folks are super but poke at other partners people lose credibility and respect in the room very, very quickly and the rest of the committee begins to ignore or at least discount their perspectives.

It’s not generally a melee or a war zone although personal conflicts do sometimes come into the discussion. But, it’s more or less an escalation of what’s normally going on: if there’s partners that don’t get on so well, they get on worse in CRT

likehelpful

One partner told me it was like a war zone.

likesmart

My general experience is that what people put in as “differentiators” are more often than not “you did your job” comments! Also, they also lack the “so what?” aspect of it.

“Bobby did a great job of building status reports and delivering them to the client” isn’t a differentiator if you’re an associate or senior (if you’re above a senior, it’s probably a development point...). Now, it’s possible that this COULD be a differentiator IF the impact of it were included. But, usually it’s not included.

I spent more time preparing for CRT calling people to ask what “Bobby” really did and what the impact was. So, this is a long winded way of saying that a lot of what’s in the snapshots isn’t super helpful data

like

In addition to P1s comments, I’d add that the partner group has already spent time reviewing potential promotions and ratings prior to CRT.

For promo, especially to Director, we’ve had two or three check ins as a partner team on readiness and business capacity. Those start in December.

For ratings, we’ve had prelim discussions with HR so we have a sense of how folks are stacking up prior to the actual CRT session.

#G

like

Thanks Bobby! ;)

like

That's helpful. So is it just a minute or two talking about each person? Is any content more important when it comes to promo vs just performance? My RP thinks I'm ready for Director but other partners in the CRT don't know me yet since I'm somewhat new to the firm. Anything I can do to strengthen my profile with the other partners?

Thanks, interesting perspective on a manager perceived to be 3-5 years out from partner before promote to director. From the manager perspective we're a bit more short sighted...

P1 - thanks a ton for your perspective, this is quite helpful.

In your opinion, does data in Snapshots matter or is it largely discounted? Last year I had peers with across the board fantastic data in their Snapshots - including differentiators - who came out as Tier 3 in the CRT. It leads to the popular conception that objective data matters far less than advocacy inside the room.

Is it bad if someone lacks differentiators even though they are at or above level in the snapshot?

Related Posts

Can anyone at Monitor clarify what overtime pay looks like? How often do Cs actually qualify? Recruiter gave a pretty cookie cutter answer. Would appreciate some insight. Thanks

likefunny

How is WLB at Tech Mahindra SBI Belapur client (on site), Can anyone help me with feedback?

like

Curious what comp package and terms it’d take for successful 5+ YOE freelancers to consider staff? Please also leave your YOE w response.

How much of a total comp increase would you leave consulting for (E.g., 20%, 30%)? Trying to figure out what’s a good offer and tipping point for me.

like

Hi guys, could you please let me know what's average salary for business analyst with total 8+ years experience(including salesforce commerce cloud experience (2 years) ?

like

Larsen & Toubro Infotech How to reimburse internet bill in LTI?
Larsen & Toubro Infotech

like

What position is offered in ACS (Adobe Consulting Services) for 5,6,7 years of experience in Experience Cloud solutions like AEM, Analytics, Campaign etc?

Does Adobe provides travel allowances for daily commute?

like

Congratulations!! You are getting that email, call and a meeting to announce the highest salary you have ever received in your career.

like

Anyone have any takes on culture or work life balance at PWC Law or EY Law?

like

Hello Fishes, Infosys I need urgent help. I got selected as Lead consultant in Infosys with package 29 LPA with 20% variable. YOE is 15 years. Is is as per market standard? Or should I negotiate more ? TIA

like

Guys any good SAP Hana implementation projects in Infosys or support projects with onsite opportunities?

like

Will we get salary credited tomorrow? 30th and 31st and weekends

like

Can anyone let me know the benefits at Accenture?

Accepted an offer but the recruiter disappeared before sending me the list of benefits he promised to send, so was curious to see what those are at the moment!

The offer only lists that benefits are changeable, and you receive current ones so they aren't clearly defined)

like

What should be the salary expectations for mechanical engineering graduate with 5 years of experience in inventory, purchasing and as well as product costing?
Preferred city is Bangalore

like

Any AAs at LPL Financial? Interviewing there and want to get a sense for the company and how it really is.

like

Hii fishes, i am starting to interview at jpm, can anyone guide me on the process and what should be my salary expectations be for Software Engineer python, yoe 1.5+ at mumbai

like

Hi Guys,

I interviewed for TCS on 18th of September and got a mail to upload the documents later on that day itself. But after uploading the documents there is no further communication from their end.
Any idea how much time they’ll take to revert ?

like

Anyone ever pay for a prep service for an interview with Amazon or any other FAANGs for a non tech role?

like

Hello all !

Have an interview scheduled next week from itsm pmo role in kpmg .

Any leads about the kind of interview / questions / no of rounds ?
Will be helpful if you can give any idea about the expected package , i have 7yoe .

Any advice is welcome :)

Thanks !

like

More Posts

Anyone here from Accenture Operations?
What is the avg hike % in Base Pay?
What is the avg Variable Pay out %?
Level 9 & 8.

like

Hi, currently I am working as technical support specialist and have 3 years of experience, i have done my devops course and looking to switch in devops, what will be my salary / package if I switch into devops?

Can someone help here.. ?

like

What's your favorite story helping someone buy a home? I'm going through the process now and it's so stressful. I need a little positivity :)

likeuplifting

Got an offer from a startup for 19.5LPA.
Its base is 15L, and I'll be getting 124800 in-hand.

I have 3.5 yoe in typescript/react/NEXTjs fullstack. Out of which only 10 months are on a full time role, rest of time was freelancing.
I am also an open source contributor for some NEXTjs related tooling.

Is this a good offer?

like
like

Has anyone done the Blackstone pymetrics?

like

Recent grads - what was your major and what kind of work are you doing now? Also what was your starting salary?

like

What do you do when when someone at the top of your firm says something bigoted and you don’t call them out immediately?

like
like

How is Tell Day shaking out for everyone? Any good surprises? My bonus was smaller than I thought, but did get promoted to Consultant!

like

What are the monetary benefits of going to client's location(another city) for 3 months. Is there any provision of additional salary?

Hi Everyone, does anyone know the salary bands for SMs in tech consulting at EY London?

like

Do you ever feel like no one would notice if you were gone?

like

Do you Expense Golf tournament entries for Industry events that have a golf tournament, or do you pay for that out of your own pocket? Is there a difference whether the golfing is with Vendors, or Customers?

like

You got it, Boss!

Post Photo
funnylike

Hello everyone. I am an international business and finance fresher looking for a new job

like

Do you have to know some within AmerisourceBergen to work for them? I feel like I have tried 5 times to work for them and nothing has happened.

like

I just bought these. Thanks fishbowl friend .

Post Photo
like

Financial advisors—how do you prepare for a meeting with a new client? What information do you need to gather? What information is useful for your pitch? Where do you find this information?

like

Additional Posts in Partner One

Does the concept of local and high value role exist is Deloitte, Accenture or PWC?... been consulting for 13 yrs

Partners,

My firm is immature in guiding development planning. I have energy to accelerate to the next level of responsibility.

What evidence distinguishes an analyst as ready for the next level?

like

I just took a leadership role in industry after 5 years in advisory (industry hire). Partners, any tips for the transition? What have you seen your clients do well/poorly during big career moves?

like

How did you find out what you want in life? Feeling lost mid-career..

like

So, Partners... What's your spending breakdown like? Curious to see what expenses y'all have. # of yrs as Partner may also help.

Thanks for sharing! Again, just for fun and curiosity.

likehelpfulfunny

Partners- At what point in your career did you feel like you had financially “made it”?

likesmart

I thought this question would be best for partners who’ve been in the industry for awhile...

like

This bowl has been quiet and I see partners commenting on odd posts around fishbowl so I figure you need more fodder: partners, did any of you have parents that travelled as much as you do?

like

Looking for advice: would you stay in partner pipeline at Big 4 or move to one of the MBBs as a principal? I am hearing that with Big 4 getting into strategy more, MBBs will be obsolete soon thoughts?

likefunny
likefunny

Partners, what's been the impact to ongoing sales conversations? Do you think we're all screwed for the year?

like

Tips to build my brand and network as a junior practitioner navigates their career to the next level at the firm?

like

Partners, what are the financial benefits of retiring as a Partner at PwC or other Big 4s?

likehelpfulfunny

Partners, what is your advice to folks who are currently on bench on how to best utilize their time and what value add activities (personal/professional) that they can/should do.

like

Partners, what were some life changes that making partner brought about. Thinking mostly in terms of pay increase, additional security of retirement...but interested in other impacts to your lifestyle

like

Big4 Advisory Partners/Principals - how much do you make in your 1st - 4th year as a partner/principal?
Trying to make a decision whether its worth continuing.

likehelpful

At what point in your careers did you know you wanted to gun for PPMD? Any point wherein you doubted yourself?

like

Just heard FY23 partners at PwC are getting only 40 shares vs.60 last year. Looks like new partners are being shown the middle finger by Tim Ryan in favor of increasing stock price and getting more catalyst hires. Sucks!!

likefunnyhelpful

If an employee files a complaint about workplace behavior, do you treat them differently? I'm faced with reporting an SM for bullying and finding it near imposible to believe that it won't (cont'd)

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal