EY's average utilization for FDD folks are 50%.. how's other firms doing?

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

That’s deceiving because it’s for all FDD including partners. Last year the average was in the 60%’s.

likehelpful

Yeah think the goal for SMs is less than 1200 hours for the year. Can't remember if they use the same 2080 hr base for utilization that the 1200 is based on.

I work at a MM firm and at the staff level we’re at 68% YTD. We’re busy, I’m triple booked on deals through Jan as a staff. But my WLB has been terrific (ie I don’t feel overworked for now).

upliftinglike

Wish my firm doesn’t push ppl to meet the 80% goal every week while there is not enough deals for too many ppl.

like

For all of FDD or your level?

like

Personally, I am at just below 75% but I am expecting it to go to 65% after the holiday break with the firm wide one week off period.

like

Yup gotcha that’s fair. Ey3’s concern seemed to be lower utilization due to holidays which adversely impacts kpi. Saying firm holiday dont hurt util stat was misleading so I’m trying to make a point that it does

like

My group is in the 50s too

like

we're in 70s for FDD groupwide

Switch to healthcare if you’re tryna pump those numbers up

Related Posts

I'm 6 months old at D! Planning early promotion next year.. counselor and pm both are backing me.. I need to go to India for at least 4 weeks in Dec ... most probably would be rolling off from current project by then .. would this vacation hurt my promotion chances coz of utilization etc?

At any level above Senior, how do u manage the relationship between utilization and realization, which is an inverse relationship. Seems to be either blow the budget (and write it off), or eat a lot of time.

like

Team is already talking about eating hours. My utilization is down cause I was in unassigned for a month in Dec/Jan. What's worse pissing off the partner or having a low utilization? -staff 1

like

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

Post Photo
likefunny
like

How do I say to my counselor, "be prepared to see a big fall of my utilization because of things out of my control" without sounding like complaining or having a lot of negativity?

like

We stay until 8 or 9 everyday and then at the end of every week my manager tells me to book only 40 hours. It sucks ass and now I have to explain to my counselor why my utilization is so pedestrian...

like

2 weeks unassigned in may. Can I use PTO for those 2 weeks even if I haven’t accrued it yet? 1st year, and what are the cons of two weeks off? Like utilization. Etc

like

Why do some people get laid off and others not? Is it always utilization? Do people typically know they're at risk before it gets to that point?

like

Anyone else here have terrible utilization because their deals die and a code never opens? /can’t find another code to book hours? I’m sitting on over 200 billable hours at this point

like

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.

How common are credit checks for roles in accounting or finance positions? Will high utilization on credit card balances and low credit score be a deal breaker? I’ve been irresponsible and made mistakes, but wondering if I can switch jobs now or if I’m best off waiting 1-2 years and cleaning up my credit first.

like

Counselor told me yesterday that the firm is considering cutting me due to low utilization. Any recommendations?

like

Partners - What are your thoughts on our delivery centers? Have you utilized them on your engagements? Interested in your experiences

like

In the last PDM town hall, they said they were going to lower utilization targets for those that work on projects with capped hours. For those people, have you seen your utilization target lowered? I haven’t seen shit change for me.

like

I’ve been on the bench with less than 10% utilization for 3wks now. I’m a first year and the past month has been slower with not many new projects coming in. I do see a few new projects come in every week but I’m not getting staffed on them. Should I be worried? Should I ask my PM if I should be worried? We’re in a pretty small group less than 20 people

like

I’m struggling. I left an agency I liked last year due to growth limitations and since then I’ve worked at 2 different agencies and can’t seem to find my footing. The first one seemed like a good fit at first but then it turned out to not be the best place for me so I left. At my current agency I feel super undervalued. I’m always raising my hand and offering to help where I can and no matter what I do, I don’t feel utilized or valued or part of the team.It’s really taken a toll on my confidence

like

Controversial question - what are some roles/functions to avoid at Google for ex-management consultants, in terms of potential under-utilization of skills and limited career progression? Common exit opps tend to be in StratOps, PMM, PgM/Solutions Consultant, roles in Sales; would anyone not recommend any of these roles?

like

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.

like

Anyone leave Deloitte for Booz Allen? Thoughts or experiences? Utilization and compliance are absolutely doing my head in.

like

More Posts

What types of questions/polls/posts do you want to see/discuss?

like
like

Enjoy it while it lasts!

Post Photo
like

Hi I worked as a surgical Neurophysiologist. How much surgical Neurophysiologist make in Toronto. Is there any body have an idea about this

like

I am so nauseous and have been eating straight carbs for over a week now.. Any healthy lunch/breakfast ideas that would be easy on my stomach?

like

Any creative directors (any level, CD/GCD/ACD) you would move agencies to work for or learn from? Who and why?

likehelpful

Creative directors, what is your salary and how many years have you been in your CD role?

like

Like this for good karma (Gives me the opportunity to DM people)

like

Late twenties M here. I like to travel, go on hikes and am pretty easy going. Any f wants to chat and see how it goes?

like

If you could live in London or Copenhagen, which would you choose, and why?

like

New offer. What does this mean?: “Policy is that we don’t consider the green card until someone is at 2.5 years prior to the last extended date on their current visa.”

helpful

If in your employee handbook states that if you leave within the first year of your green card, you need to pay back all the expenses, but when the green card was initiated, I did not sign anything, can they hold me to it and ask me to pay?

like

New to Product Owner role.

What is the max salary product owner can get in Canada! And what are the factors that determine the salary for product owner

likesmart

Hi Fishes,
My Appraisal is due this september. Can anyone of you tell me how much hike can i expect.
Cctc:6.5
Designation:Engineer
Exp:2.6
I joined in jan2020 but the training period of our entire batch was extended due to covid. Hence getting first appraisal in sept 2021.
Thanks in Advance😀

What is the max salary range ,if i am interested in joining BofA with 6 years of exp in Java developer role.

like

Hey fishes- can someone please help me to understand how much time bny takes to process the offer letter after all discussions are done. For me it's been more than a month and still they say we are on it.

like

Recently relocated from NYC to Tampa. Going back to square one with familiarity with judges/courts. In NY, we used “the robing room” to share reviews & cautions about judges. Anything similar here?

like

Anyone have an attorney recommendation for pursuing a construction defect claim against a roofing contractor? Preferably South FL

like

Some employees received a retention bonus/contract recently. Makes me feel they aren't going to do anything else to keep up with the market inflation, or attempt to retain the rest of the employees. Good time to exit or pray they do a market correction with the year end hikes?

Any 🐠 here who have left ClearView? How is life? would you have done anything differently at ClearView to set yourself up for a great exit?

like

Additional Posts in Transaction Services, M&A, Deal Advisory

Estimated Comp for M&A Tax Big 4 CPA Senior Associate? HCOL

like

Can anyone advise on new Sr. Consultant, Deal advisory, valuations salary in downtown Toronto office?

like

Can someone give me a range for salary for auditor with 2 years experience transferring to FDD associate? In HCOL (New York/ SF). I have been requested to give a figure and don’t want to go too low. Thank you!

like

Any M&A tax practices out there that will allow remote/mostly remote work in the future? Where?

like

Has anyone tried to get an extension on an offer and they push back?

like

Does FDD get easier the more deals you do? I’m on my first actual deal (first one was a partial due diligence and barely did anything) and sometimes I’m so clueless when management is explaining a schedule or a piece of support while my manager understands quickly and needs to explain it to me (I’m a staff 1).. thank you

like

Is it possible to transfer from audit 8 months in to FDD considering this market? I feel undervalued and want to contribute more…

like

CohnReznick is looking to add some Managers and Seniors to the Transactions team. You have the ability to work remote 100% of the time with no travel. We have offices in every major city. Very reasonable hours, great offshore team, easy to use databook and report templates, large sign on bonus, very large performance bonuses, and salaries that match the Big 4. DM me for referrals.

like

When will it end?

So do higher ups (managers/directors/etc) in FFD talk to each other about the progress of seniors and associates in a similar manner to how the staff are ranked during audit roundtables??

like

Anyone here interested in a career in M&A transaction advisory? My group at RSM is hiring aggressively - if you are in audit and are looking to pivot into a career of consulting, feel free to DM me, and I’ll do my best to answer any questions you may have, concerns about pivoting into a new role, and walk you through the basics of a typical deal lifecycle and how we deliver value to our clients.

like

CohnReznick is looking to add some
Managers and Seniors to the
Transactions team. You have the
ability to work remote 100% of the
time with no travel. We have offices in
every major city. Very reasonable
hours, great offshore team, easy to use
databook and report templates, large
sign on bonus, very large performance
bonuses, and salaries that match the
Big 4. DM me for referrals.

likehelpful

I see a lot of Jr. Level folks (myself included) in this bowl asking about certain finance exit opps like MM IB and PE etc.

At some point is the comp that much better?

From Big4 Transparency: S1/MCOL/2YOE/FDD making $97k. Managers MCOL close to $150k.

very Selective jobs( MF PE and BB IBs) kinda blow these numbers out of the water... but for the more attainable exits like MM IB and and corporate development... considering wlb and pay, is the grass much greener?

Thoughts?

like

FDD/TAS Senior > Restructuring (Rx) analyst or associate (FAS/Banking) - Has anyone seen it done before? Would starting from Valuation instead of FDD be a better stepping stone to Rx banking. Also, I would imagine the best Rx banking exit would be to HL. Is FTI Rx (FAS) considered better than EY-P Restructuring consulting? How about compared to AM Rx (FAS). Thanks for any input!

like

Currently exploring an opportunity to join RSM transaction advisory, any insights into culture, WLB, comp progression?

like

Any EY referrals for SaT M&A Consulting Intern? Don't know if referrals apply to interns but I recently denied an audit offer from EY and looking to increase my chances for M&A.

likefunny

Has anyone found groups in FDD that have better hours than others? If so, what group, how did you do it, and how do you stay? I’ve heard that there are groups that do IPOs in FDD that work less, although I’ve never seen an IPO group.

like

Does anyone have experience/knowledge regarding whether the different B4 deal analytics teams 1) work remote 2) still travel? Looking to potentially make a switch but have heard different things across the board, including seeing that most of the job postings for senior roles in these groups are tagged to offices and don’t say remote.

like

Anyone at A&M in the digital finance group care to share their experience before applying?
I am working in finance transformation at kpmg (formerly accounting advisory) and am very interested

like

I think KPMG has a pretty good training and onboarding process for new FDD hires (Lakehouse bootcamp, reading and training materials for review, and the shadow program). How’s onboarding and training looking like for PwC / EY / Deloitte?

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

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