{ "media_type": "text", "post_content": "Do principals also have utilization goals? Can they just choose to bill 0 hours on project and work “for free”?", "post_id": "5a1f2e6e6c14b40013bbd441", "reply_count": 5, "vote_count": 1, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Do principals also have utilization goals? Can they just choose to bill 0 hours on project and work “for free”?

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

At PwC, 1) yes, partners have utilization goals...they're lower but we do get tracked, and 2) god forbid a partner has an engagement go off the rails and zero hours charged. First question will be who is/was providing oversight. Bottom line is we're supposed to charge hours worked just like staff. If we haven't convinced our clients that our time is worth paying for, then we shouldn't be partners.

like

Just found out that out PADS dont hit our utilization numbers. So im guessing that means that they dont have util goals.

Everyone is billable. PADs and CSPs have utilization targets, don’t know about MDs.

First time hearing the acronym PADs. Reminds me of what I buy for my period every month 🙈 guess our “PPED” isn’t much better though

We have PPMD. A little harder to make dirty. Maybe.

Related Posts

Can anyone recommend any trainings or certifications to up my game? I am a project manager and feeling lost after joining back from maternity leave. It’s been 8 months now

like

Industry 🐠, what are the biggest pros/cons of working with Trinity (vs. other LS firms) from the client perspective? Has it changed at all in the past 2-3 years?

like
like

I want to go client side. Any strategy here who made the jump?

like

What is adjusted utilization?

like

Do airline bathrooms average the highest utilization of any public bathrooms? Every time I go in its wall to wall w dudes dropping heat. Ladies is this the same for you?

likefunny

Has anyone ever taken a gig from Solomon Page or Creative Circle, and then tried to renegotiate with the agency after a few months to cut them out? Like, at what point do they still deserve to take have for finding you the gig?

like

A partner called me from SF to NYC to discuss the deck for a client meeting on Wednesday. He just 'forgot' to tell me he's working remote for today and tomorrow..bitch!

like

While everyone’s situation is unique, it appears to me that there is a general (and substantive) difference between the mindset of senior execs/partners (Gen Xers) and the Gen Z/Millennial troops as to the need to head back to the office. There is a world of difference between “the office” as code for “client lunches, rounds of golf” vs “needless commuting time that will eat into a working day that is already unsustainable”. Do you feel your organization is in touch with where you are?

likehelpful

Looking into applying to a sport tech accelerator: still in the idea generation phase but missing a coder. Anybody with passion for sport & experience in coding (+ interest/time for a side project)?

like

If you are on an FWA, do you need to meet your FWA utilization hours every week? I.e I am 75% so do I need 30 charge plus whatever admin hours to mercury? I am talking to my people consultant and she seems to think so. In a job that is highly seasonal, how is this possible??

like

Advice Needed: I might be moving out of state/region in a few months. I am on an internal project right now, so not in my assigned practice. I'm debating on if I should stay - continuedbelow

Can't wait for the day when it's finally friday and I dont have to submit time!

likesmartfunny

Is it likely that if I put my notice in the middle of the project, Deloitte partner will pay me a one-time retention fee to keep me here for a short term duration (because of lack of available resource)?

like

Agency leaders my question for you is simple, what’s yo target metric for utilization of talent at your org? Talent being designer / developers / creatives.

like

Is it normal to be “available” during the summer as an a2 going into a3, little nervous about utilization.

like

Utilization QTNA. If I’m on a call for an hour and multitasking doing other work during that hour — do I bill one hour or two?

likefunny

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

like

Welcome to Whose Job is it Anyways! Where the deliverable is made up and the utilization doesn't matter.

like

We are here to guide clients: but this is not always the case when your client believes they are the target audience for their product. How do you convince them that they are not and trust the agency?

like

Additional Posts

Anybody have experience with DoD sales? Would love to hear how you establish and grow your business.

like

Pro tip: write the correct judge’s name on your draft orders 😂 What’s the worst faux pas you’ve seen on a filing?

Post Photo
like

MBB folks, what’s the glamour with FAANG to you? I ask because I have done multiple strategy projects for/with FAANG, and could likely get an offer, but I still want MBB 🤨 Am I missing something?

like

Anyone know how long it takes for L2 consular processing? And the EAD that goes with it? I would like to switch from H1B to L2 given all the issues we are seeing.

like

I would like to ask for a few recommendations of books that is related to mental health or psychology

like

Former BIG4 India folks! Need your help! I worked in EY India but they are known by diff partnership name like SR Batliboi etc. when applying for GC, shall I need to write SR Batliboi or EY is fine?

like

Deloitte Second Years: Raise percentage and office.

like

Any BCG fishes open to talk about referring for PL role? Please DM me. TYIA!

Got laid off from PA, picked up a temp role in fund accounting, hated the work and quit, got a role for 10k higher in internal audit and love it so far. The one thing I've learned from all of this is

like

Any thoughts on what to ask for as a Junior Art Director with a few years experience in Toronto? Salary vs freelance day rate vs freelance hourly? Asking for a friend!

Will likely end the year with 190k pqm and $25k spend on United... Is there even a tiny chance of making global services?

like

You just received a bonus of $15k net and you have three options: 1. Reduce Student loan from 27k to 12k 2. Invest 50% and reduce student loan from 27k to 19k 3. Invest all the 15k and continue with the current student loan schedule. Which of these options would you choose and why? Interest on loan is 4% annually

like

I’m looking for a partner. Despite what Fishbowl says, I’m at ACD level. I work at a big tech firm in San Jose. It’d be freelance to start. Interested? Exchange info with me here: jumpthestick@gmail

like

So my roommate has been staying elsewhere since we began quarantining and has been returning intermittently. Roommate has been paying half the electricity bill, which I have felt weird even charging for, but my friends have insisted that it is still both our responsibilities. Given WFH is permanent as of now, the electricity has been a bit higher with me home for the 10 hours I’d normally be gone. And with summer approaching, AC is going to double that cost. Do I still keep charging half? AITA?

likehelpful

What's the ideal price range for purchasing a house if my salary's 104k?

like

SM interviewing w PwC and heard they are adding a level and time to Partner will take longer. Truth?

like

Does anyone use novel studies in their classroom? If so, how do you like it?

like

My wife and I started an llc for a software service in 2019. We filed a joint form 1040 where we included our business expenses related to llc as it is permitted under irs guidance not to make a partnership/corp election for a married couple. The llc is still in a developmental phase but we plan to release in 2021 and raise capital from investors, go for IPO and issue stock in a distant future. Do we must convert to corporation and if yes, when? We filed all legal docs for llc in 2019.

like

I am way too relaxed before my interviews and it almost feels wrong.

likefunny

Would anyone be interested in practice interviewing next weekend? I have less than 3 years of experience so preferable someone in a similar situation?

like

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

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal