{ "media_type": "text", "post_content": "For those in FDD, TAS or even investment banking, is your performance still based on billable hours?", "post_id": "60e496cc483b70002a627d75", "reply_count": 10, "vote_count": 2, "bowl_id": "564a5cdb94887803001dd07c", "bowl_name": "Accounting" }

For those in FDD, TAS or even investment banking, is your performance still based on billable hours?

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

Not directly, as long as your utilization is in a normal range or explainable if on the low end. No reward for being an hours hero

like

Yes

It’s usually one of the factors in your eval (tas/fdd). There are other ones too, so it’s not the sole factor. I think it depends more on the firm.

You probably won’t have to worry about utilization for the foreseeable future (think 100%+ utilized)

FDD, TAS, IB. One of these is not like the others 🤔

Quote from my friend at GS IB “I don’t charge my hours, I just work.”

like

Related Posts

I’m a 2017 associate in NYC biglaw. I logged approx. 2300 billable hours in 2019. Is that light, normal or heavy in the biglaw market for RE associates at my level? Thanks in advance for thoughts.

I’m pretty sure colleagues at my firm are inflating their billable hours. Is this the norm? I suspect many of you will think this is obvious and/or that I’m naive but wtf? I find hitting 2200 is tough even with a good sized work load. Am I just expected to play the game? I don’t want to sound self-righteous but if most are lying just to make the requirement, then maybe the requirement should be lower.

like

Anyone have slow months where you burn through a lot of your allotted pro bono/professional development hours to keep hitting minimum daily hours? The past few weeks have been like this for me. Should I be concerned (I.e., will this reflect poorly on me, come review time? Will I have dug myself too much of a hole if I keep burning my non-billable hours?) I’ve been asking partners if I can assist in any projects so I can fill my plate, but I’ve only gotten small (4-6 hour) tasks handed my way.

like

Just got into a full time grad program for international affairs that starts in January of 2021. (completely changing careers). I need to stay working at my firm until then and possible after to get the billable hours for my CPA. I passed all 4 exams and I refuse to give let that go to waste...... how do I tell my employer I'll be going to school in a way that they'll still let me work part time? Extremely nervous they're just going to let me go.

likefunny

Any reviews of working at DLA Piper? Looking for London specifically but also interested to know of any other experiences/reviews. Salaries, billable targets et al

like

How do you all track your billable hours? Want to move away from an excel sheet I manually update. Do you guys use software?

like

What happens if you don’t hit your billable hours? I am a first-year that had a very slow February and slow start to March. I’ve been reaching out to various teams for work but things seem slow now & I’m worried that I’m not going to hit my 1800 target.

like

Opportunity freelancers - What’s your goal for billable hours per week?

Is it just me or the average billable work in infrastructure transactions has blown off steam in the last couple of weeks?

Which offer would you choose? 1) $135k, 1900 billable hours, formidable and growing mid-sized firm in the city; or 2) $145k, 2000 billable hours, biglaw but not a prestigious one?

like

My HR rep told me that to apply for your CPA license in MA you only need 1 year of work experience, not 2009 billable hours. Didn't sound right- can anyone confirm/deny?

like

Ever been let go before your billable time entries were in? Was let go today and not all of my time made it in as it was due next week. I’m expecting a heavy payout but I’m wondering if they can withhold since my billables are not in? Seems like their loss at this point.

like

For those of you who are in-house, how did you get comfortable with needing to be more of a generalist? I know some in-house roles, especially at large companies, are specialized. However, even then it just seems like you’re expected to know about so many different areas (with far less support than at a firm). I’m tired of billable hours, but I really love (& feel more comfortable) being a specialist.

like

I can't wait 'til the day I can quit. As audit ain't nothing but bullshit. Audit programs won't be a bore. Time entry won't be a chore. Realization, billable hours will be no more.

like

How many days is it acceptable to have 0-3 billable hours when you know a storm is coming?

like

Do you count Sundays as a weekday? Somehow I always end up with an ASAP billable work. Not complaining, just making observations.

like

What does your firm allow you to count towards non-billable hours other than standard business development?

likehelpful

In the event you don’t have enough billable hours/low on projects to fill your timesheet, you ________________

like

Opinions and any information regarding billable hours and quality of work life at Stockwell, Harris, Woolverton & Helphrey...anything info appreciated!

What are legitimate options in careers for a tax manager coming from a midsize PA firm and 7 years of experience? I am feeling totally burned out of PA going to have 2,000 billable hours by EOY. Would really appreciate all suggestions!

like

Additional Posts

Deloitte-ers. Interviewing for a supervisor position in NZ. How difficult is it to relocate between offices nationally and internationally? Is overtime allowed? What do the bonuses look like? And finally how many hours are we expected to work daily? Any answers would be appreciated!

like

Is $2800 in rent per month too much on $118K salary and $30K bonus in NYC? HELP!

like

Is the genetic payload being delivered by COVID-19 useful? Worried that with numbers dropping, I am missing out!

like

My friend is looking to hire auditors with financial services background (2-5 years) into a tri-State area fund! If anybody is looking for that type of role, happy to help connect a fellow PA and help them get a big raise and better work-life balance :)

like

Good Marriott hotel in Vegas for Christmas time? Platinum elite member hoping for upgrades.

like

Does D give you a severance package when you're fired for poor performance?

like

If making banner ads suddenly stopped being a thing, what percentage of the industry would immediately be laid off?

like

Boutique firm or Big 4?

like

What are some good questions to ask in an interview to determine the financial strength of an agency? It’s an independent agency without any public financial information.

like

How do you define work-life balance? And how much of that balance is reasonable to expect for someone with ~2 YOE, be that in the Big 4 or in smaller niche/boutique firms?

like

Does anyone make employees submit their formal complaints via written/email? I’m tired of these “I want to complain and I want you do something, but don’t tell anyone” requests.

like

Deloitte hiring freeze? I had a verbal offer and reviewed benefits 3 weeks before the covid environment. I was informed that I would be contacted when there was an update. Wait or reach out? Advice?

like

A client was pinging me back and forth about an error they were encountering. I asked them “do you have a sec to hop on a call?” Lol who have I become

funnylike
likefunny

Project is ending and I think i am going to miss my manager. Good managers really do make a difference. 😊

like

Anyone have some good or bad things to say about EY’s FSO Advisory (Banking group)? Culture, WLB, comp $, the people?

like

State your firms retirement benefits...401k and so on. Accenture is 100% match up to 6%, but only after year 1.

like

What’s a typical salary for an acd in philly?

like

Difficulty balancing daily demands of executing on project needs while creating collateral/tangible assets for my practice.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
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