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Subject Expert
Hello Fishes,
I have got an offer at Wells Fargo for the role Technology Business Systems Consultant and my total YOE is 4.8 into Testing (Manual and Automation)
Is this role relevant to my experience or is it a role for much experienced person than me?
Any idea or information that what is the pay usually offered for this position?
Please provide your thoughts and suggest whether I should change 1. My role or 2. Request for more pay
Thanks in Advance!Wells Fargo
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Hey Everyone,
I am doing a part time MBA program and for one of the coursework I am trying to understand the challenges people faced while transitioning from WFH to Back to office model.
I've created a small questionnaire and will really appreciate if you can spare 10 minutes of your time for the same.
https://forms.gle/88RvEWMhGdbRN2ob9
Does EY gift goodies on joining /on birthdays?
Rising Star
Coach
Hi fishes, Please provide 11 ❤ to enable dm.
Additional Posts in Tax Bowl
I finally did it...put in my notice. Feels good man.
Visual Storyteller
Any public accounting firms in Albuquerque?
Visual Storyteller
Coach
Mentor
Mentor
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unlock all discussions on Fishbowl.
Mentor
Because all of the firms are the same (all layoff) and IF you are good and play your cards right the financial incentives are fantastic
D12 nailed it better than I did. Deloitte was shockingly ruthless and then proceeded to have its two best years ever. Now we could not have known how this was going to play out but it was still stunning what was done. A lot of senior partners were taken out via a special program, and MD’s were also taken out in far bigger numbers than expected
It all worked out but it did shake up a lot of people
Cause it’s a business. You can go work at a bakery, but if demand isn’t high, why is your boss going to keep you? They pay you for a service and when that is no longer needed then they will need less people. As a manager you should know that.
Working at big 4, your raise will be bigger than working at a smaller firm and it looks good on the resume. The benefits such as health insureance and vacation are better. Why would you stay at a smaller firm? Or a crappy fund admin. When you can go to a big 4 and open bigger doors for yourself. Is it a risk working at Deloitte yes but that would go for any firm, if anything smaller firms are known to fire right after busy season, big 4 doesn’t do that usually. Even if your bad you get a pip and look for something else before you get fired. As an adult I would rather get that chance then go to a small firm and get a surprise. Also there are so many people in big4 that you can easily survive being an an average performer.
I recently got a 20k retention bonus to stay at Deloitte, my friends at rsm, gt, and small firms aren’t getting that. I got 14k cash that I used to up my emergency fund.
Deloitte is really looking to bump up hiring, if anyone is interested to join tax private equity please send me a message. They are open to interviewing anyone with any tax experience.
I will be happy to answer any questions you have and have already submitted a few resumes.
I mean all big 4 are like this, and big 4 has more resources and benefits than some midsize firm. And they pay the most
How do you expect serious responses to that question?
It is not a rhetorical question
Coach
Do Deloitte a favor and apply at PWC
Mentor
Lol point proven…
If you want serious replies ask a serious question.
Why should I apply to your firm is not a serious question?
Not a Partner. Just to be level set, all the B4 firms later people off in one way or another at the start of COVID, some called it performance separations to make the PR look good. My understanding is we reduced headcount by 5%. One senior manager in my group was let go with a 6 month severance package. He found a job fairly quickly and benefited from two incomes.
In hindsight, the layoffs in 2020 were a bad idea, nobody could have predicted that the economy and stock market would keep going up. At the end of the day, I’ve stuck around because my career progression at Deloitte and earning potential is much higher if I stay than if I leave. Yes I’ve seen people leave for a decent pay bump. I’ve been at the firm for 8 years and my salary will have increased by 100k over those years and it’s likely to go up another 100k in the next 5. I won’t see this if I leave for industry. I also love the work I do and the variety of clients I have.
You have to be a low performer to be laid off. And that goes for most firms.
If you want the best of big 4, that’s Deloitte. Great firm, great people.
Disagree about low performer. I’ve seen low performers stay cause they were friends with the right people and very good performers get laid off cause they argued with the wrong person. It really is politics sometimes, expecially during a massive layoff cause that’s when they can get rid of someone with no reason.
I refuse to believe that 5% of a workforce is pppr performers
Coach
Low performer gets laid off and takes to a social media platform asking partners why they should reapply 🤦♀️.
Subject Expert
Why do employees think we are something special and wouldn’t be laid off? We are employees in a business to help them produce money. Maybe once you get laid off you’ll realize all this “family” and “team” buzzwords are just BS. No matter what a firm says, it comes down to money.
Subject Expert
I don’t work at Deloitte, but I used to as an auditor and I was laid off back in 2016. I wouldn’t go back to Deloitte because I was laid off after putting in 80+ hours making $52k a year. However, from what I have heard is that they are paying some of the highest salaries currently and getting laid off is just a risk you have to accept and the risk of getting laid off at Deloitte may be higher your salary should be higher so save some of that money for a “rainy day” so if you do get laid off you can still pay for things. Also they paid me a 6 week severance and I got a job a couple weeks after my layoff so it wasn’t that big of deal financially, but I can’t do the 80+ hours.
you should go back and play video games.
Deloitte has a reputation for hiring more quickly and for paying people well. It has other benefits as well. But, it takes minimal research to also hear that Deloitte has a reputation for being quick to lay people off even in very minor changes in the business cycle. Multiple personal connections all had experiences with Deloitte letting them go for reasons that were not performance related including one that had a very questionable experience with being let go a few weeks before an MBA repayment agreement vested.
I’d still personally consider a role at Deloitte if the conditions were right.
Just to provide more context:
I am not a fresh graduate who is looking to get experience wherever I can get it. If I am applying to another firm it’s because I want to stay in public and see better progression somewhere else. Financial incentives are not significantly different between firms and they aren’t going to offset the additional sacrifices needed to rebuild my brand or internal network.
Furthermore, to my knowledge there are no exit opportunities that I can get from Deloitte that I couldn’t get from my current firm. If this is inaccurate then let me know.
So what exactly is the firm looking for? I’m definitely on the chopping block compared to homegrown talent, I don’t hear of experienced hires making it to the partnership, and mass layoffs are always purely political. What is the appeal that firm leadership thinks they have for professionals like me?
Idk what firm you're at, but as someone who left public accounting, I can tell you with confidence that exit opportunities increase with the big 4 title. In my opinion, the growth benefit compared to non big 4 international firms are non existent, but the world still does not see it that way.
Because you’re poor.
Did you just get laid off? If so…it wasn’t because of a recession, this is the time of year that regular performance related layoffs happen…every single year!
Nope. Never been laid off or put on a PIP.
Coach
Op - you have to realize this is a silly question to ask. Why should you work for Deloitte? Because they’ll pay you handsomely for it. And when they can’t pay you handsomely for it, they will axe you, like most other firms. But if you’re really good at what you do, they won’t axe you. It’s simple.
So just be really good at what you do. And that doesn’t mean work the most hours (some people think it means this, but it doesn’t).
????
Why Deloitte specifically OP?
Go back and read through. Seniors and staff answering my question haven’t been discredited, I just haven’t replied to them. The one partner who did give a legitimate reply never came back to answer my follow-up questions.
Don’t apply. We have plenty to choose from. People pick us. And when a recession happens corporate America takes steps, deloitte isn’t any different than others. If you want to be altruistic open your own company and don’t fire people when there is a recession and try to survive. After that you can come to fishbowl and comment.
TMD1- agree. The “they’re all the same” response is a koolaid drinker response that ignores a well earned reputation. More importantly, it doesn’t mean you shouldn’t work at Deloitte! It just means if you value long term stability keep this in mind, but there may be other trade offs.
I’ll always remember how they cut a bunch of people on October 16, 2016 i believe. The week before their PPMD bash in Vegas. I left as soon as i could after that.