Given the slow down of deals and pending recession I heard that firms over hired and utilization is taking a beating. Has anyone else heard the same. Will there be any action taken?

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

We are still busy. My utilization is at 110% and our hiring is still strong. Not a crazy as the last 2 years but we are still decently busy. No worries from me yet

like

100% utilization still. Middle market just has way too much money floating around needing to be spent, although the type of deal may differ. People are still pessimistic but deal flow doesn’t look to change at least in the near future.

like
Recent IconRecent

I’m on two deals and getting hit up by recruiters for FDD roles so I think it’s more area dependent. Tech sector getting hit but healthcare people are getting smacked with work rn

like

Yessss. I’m like “where is this slow down. I certainly don’t see it” as a healthcare FDD person

like

Every team in my office is doing like 2-3 deals right now. Hopefully this slow down hits soon 😂

likehelpful

Just curious. How many deals a year do people work on? From my interviews it seems like you may go weeks with no work than work 3 deals at once and do 60+ hours of work

like

If you're in tax, probably 100+ deals a year.

like

I tried internally transferring to FDD at Deloitte as audit senior and was told (1) already backlog of seniors internally transferring and (2) deal activity is slowed to point where current FDD seniors are on the bench

like

Again it depends on firm and client mix. We have 3 open senior positions, all growth hires. Middle market has continued to be busy but not surprising that larger, Fortune 500 type companies are slowing m&a.

My utilization is around 50% now. Many seniors are the same

like

damn, whats expectation? im a couple of levels above and im above that

I’m getting blasted by recruiters via linkedin on a daily basis.. not worried

like

FDD

like

There will be layoffs for national/global firms to let go low performers. They tend to be opportunistic like that.

like

Yes

Lay offs?

That’s how things work in deals and partners know it^. Utilization isn’t a straight line

It is true, but this happens all the time. No firm can target perfectly on demand and supply. Do your best and the problem will not impact you.

Agreed it’s sector specific. We’re still growing quickly and still hiring. YE bonuses should be good :)

Seems to be a vast array of different situations. I do think the over hiring if analyst though hasn’t been great for the firms. A lot on the bench

Even in a recession there will be deals because smaller companies will either consolidate or be absorbed.

Related Posts

I think hospitals would benefit tremendously from hiring designers to help facilitate better space utilization, communication, etc.

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

I don’t understand how people keep posting about the bench and being unassigned. I’m in advisory(not audit) and my entire LoS is trending 90%+ utilization

like

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

Do you pay your credit cards in full every month?

I ask because I’ve let my credit spending get a bit lax since moving and adopting a puppy recently, so I haven’t been paying them off in full every month like I used to (though still well above the minimum payment, and keeping utilization at 30% or under). It got me thinking about how many people adhere to this advice.

like

How do i see my utilization?

like

About to finish my first year. I’m a specialist. Only going to hit 65% of my hours (took a 4 week vacation cause of wedding/hm).

I never say no to work and i have fantastic reviews, and the head of my practice (with whom I work a lot for) has great things to say about me.

I’ve been fully utilized starting ~June, but first few months were slow. Am i fine?!

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

I’m an occupational therapist looking to transition out of traditional OT. I would like to get a remote position in Utilization Review or Appeals/Denials. I also recently got a data analytics certificate so would be open to healthcare analytics. Anyone know a resource or looking to hire for these?

like
like

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

Received offer from BCG for ECT AD role. Read numerous comments about ECT being not attractive compared to Generalists track. Also heard challenges about billability/utilization. Any views/guidance is appreciated.

Background - I am not super keen to become an equity partner and comfortable to stay on ECT track. Main reason to join will be opportunity to work with different clients, smart talented people and good brand. I may consider going back to industry after 3-5 years in ECT.

like

I am curious how other inclusion teachers are being utilized when the school is doing remote learning. I find that I am sitting in the zoom class and have very little opportunity to contribute. I am having discussions with my teachers on ways that I can better support them and the students when remote.

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.

Hello, I am looking to make a career change that starts at a minimum 75K salary. The economy is tough right now and I can no longer afford to stay in my current role. I have a bachelors degree in Sociology with experience in managed care, utilization management, & clinical admin.. Does anyone have any suggestions for a possible higher paying career that I would be qualified for based on my background?

Got offer from BCG for ECT. Read numerous comments about ECT being not attractive compared to Generalist track. Also heard challenges about billability/utilization. Any views/ guidance appreciated!
I am not super keen to become a partner (selling) and main reason to join will be working with different clients, smart talented people and a good brand. End goal (at the moment atleast) is to stay for few years and return to the industry. 15 YOE

like

How does it feel to earn less than US Consultants while also struggling for utilization

like

What other performance factors are considered for PDM besides utilization?

like

What are ways to deal with high latency mricroservice in a given region. Given that it's Cpu utilization is not exhausted.. So no vertical scaling ???

During initial onboarding with the firm, does the first week or so count towards utilization or is there somewhat of a grace period?

like

More Posts

Happy Monday afternoon to everyone except to those recruiters who ghost job seekers 👻

likefunny

I got notice everything at the new firm is good to go. Now to give notice. I’m dreading it. I really really like my boss but this opportunity is too good to pass up. How do you even start? I’ve been in this role 8 years. How to give notice?? Yikes! I’m giving about 2 1/2 weeks notice. 10/17 start date. Any help is appreciated!!!

like

Thoughts on Mindshare Chicago?

like

Anyone in Bay Area for the holidays? 29M

If you work in PR: what is your salary and how many years of experience do you have?

like

HCL Technologies any one joining hcl on 21 Monday, any onboarding details communicated to you or not.

likehelpful

Any coat recommendations? Looking to spend under $400 mid/long length in a dark grey or black. Never bought a coat before looking for something good quality that won’t break the bank

like

I am interviewing for a clinical specialist position with Haemonetics. Does anyone have any experience working for them?

like

I love what I did in physiotherapy but two years into the career im struggling to see progression or long term future satisfaction. What have people shifted to from this career?

like

Any dietitians here? Recently moved to Dallas/Fort Worth area, wondering what the average salary is. Thanks!

like

How is everyone’s workload? I was insanely busy the last month but the past week or so has slowed significantly.

like

When you look at all these stupid ideas trying ICO, it definitely feels like dot com bubble 2 is approaching. I still think a bulk of investment is going to more legit ideas, but a lot of alt coins are gaining higher valuations. When do you think we will hit the burst? End of 2018?

like

Bank is asking for verification of employment in securing mortgage. What contact should I give at KPMG?

like

What is the proper dress code as a realtor? I've never been the type to wear suits but I feel out of place if I don't wear them

like

Hi everyone looking for refferal in data science and analytics domain.

Yoe- 2

Tech stack - SQL, Python (Pandas, NumPy, scikit learn, Dash), NLP, AWS (Athena , S3 , Lambda) , Pyspark, ETLs, Elastic Search, Databricks, Excel, C, C++,HTML ,CSS

Looking for good learning opportunities to develop my skill set and grow financially.

like

What is the comparision between Infosys band 6B and Band 8 of IBM? Any pointers please!

like

Deloitte Manager or IBM Manager?? Please suggest.
Almost same fixed package.. skill SAP Functional Close to 10 Yrs experience.

Does anyone getting similar mail daily :Know Your IBM January'22 - Register Now ?

Anyone who resigned recently from IBM GBS. Can you please help me how to initiate separation using workday. I am not getting any option in workday.
IBM

like

People who work in any engineering capacity are usually very hardworking but it's not just because we have to be, it's also that we find this stuff really fascinating, kind of like a book you can't put down

like

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

EY TARAS or EY GCR??? Between these 2 service lines which has better pay and opportunities??

like

Is Wall Street prep worth it to help break into IB?

like

How long did it take you to feel comfortable running deals?

like

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

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

like

Just started IB. Prior to this I was in valuations at deloitte. Today I worked 11 hours and im getting texts from coworkers now. I already feel burnt out. Can someone help guide me and explain to me how people do this?

funnylikeuplifting

FDD 🐠 I will be promoted to audit SM in October, however looking to transfer to the FDD practice. Based on discussions with partners in the practice, I would be brought in as an experienced manager with opportunity to promote to senior manager in FDD next year. Is the learning curve steep, or should I push to come in as SM? Any thoughts would be greatly appreciated.

like

Deloitte folks: What is the difference between SAMA M&A and Financial Advisory M&A work?

like

Does the size of the deals you work on impact your exit opps? I'm considering a role at an MM firm (non-PA firm) and they mentioned the deals are usually in the $200M area of size, which I realize is smaller than big 4 deals

like

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

like

PwC FDD vs. EY FDD? Which one would you choose, if the pay are the same? And Why?

like

What time do most people log on / log off and how many hours do you bill. Feel like I’m on from 9am to 10pm most days and not able to bill that time

like

Whats the general sentiment on tech M&A in 2023? Will there be more or less deals, smaller or larger? Or the same amount? Will there be more demand for M&A Advisory, or will companies bring in more in-house corp dev to handle it?

like

Can anyone confirm if EYP Deal Tech is currently hiring at the Consultant level? EY EY-Parthenon

Does AAS pay the same as FDD?

like

What would analyst comp + bonus be at A&M in the TAG group?

like

Is there a way to gain some modeling skills from FDD? My plan is to exit as FP&A or Corp Dev but I heard they are looking for modeling skills. I know that working I can try to move to IB and then try that route but IB hours seem to be too brutal for me.

like

Best practices to avoid burning out in FDD?

like

What is a look back analysis?

like

Saw some people from EY TAS change their titles to Strategy and Transactions on LinkedIn. Is this just a fancy name change the group did or are EY TAS folks now doing strategy work in addition to the typical FDD work ?

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