Hearing rumours that McKinsey’s balance sheet is not so great. Lots of deferred Partner comp and signs of unrest. Any truth?

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

The MBBs are masters of the craft but it is a declining market, has been for decades, and all are suffering right now, especially Bain, which is the least diversified in terms of mix of services.

like

If that’s make you sleep better, sure, P1: yes, the market is declining. You’re not alone - everybody’s having a really tough time right now! Damn, I hope the market picks up, already!

like

The $1.5b fines and settlements plus all the legal fees have to come from somewhere. In a time when the industry went through a difficult time already. Spread over the ~3,000 partners, and you can expect some disappointment in the profit shares.

like

Probably more apparent in morale - great time to poach experienced juniors who aren’t tied up by comp structure

like

I came to the firm after having accolades in multiple industries and underachieved in plain. Many sponsors, juniors or friends also left by frustration or by hunger games reviews or will soon because of RTO

like

How’s the situation at BCG? What’s a year 1 Mdp going to make?

Related Posts

I have approved I-140. Indian nationality so priority date not close to current. If I switch employer, does my employer need to apply for PERM and i140 again as soon as I join, to get H1B extensions?

Only For MacBook Users -
I slightly dropped my MacBook and apparently (slightly) damaged the keyboard and trackpad as per service Center. I don’t see any visible damage to the system but that’s what they say and are charging me about 28k for this even though my system is in warranty period (will complete a year in a few days). Are there any workaround for this? Like I can use external keyboard or maybe negotiate, anything else?

like

So I left my analyst role at a financial firm last year to get into real estate. Now I miss having a structured work environment.

Does anyone know of any open entry level business or data analyst roles needing to be urgently filled?

like

Tax Lawyer looking for referral to Big Law, Tax, M&A (London). Would appreciate any referrals. Thanks in advance.

like

Hiring Alert !! @KPMG
Skill - SAP ABAP, Fiori UI5
Exp - 4 to 6
Location - Bangalore
Immediate Joiners are preferred
Ping me if you are interested and meet the above criteria.

like

Are text message breakups acceptable? Better than complete ghosting right

like

Larsen & Toubro Infotech Openings for PEGA CLSA at LTI
Larsen & Toubro Infotech
DM for referral

like

Hi fishes,

I had actually applied through a referral to Deliotte for Fx settlemets position. I got a call from Hr asking for CTC and notice period. Haven’t heard back since 2 weeks. Does it take long for them to schedule a interview or what could be the case?

like

Hi Everyone, I am looking for a job change. I have 5+ years of experience (2 years in Indirect Taxation and over 3 years in Business Finance). Currently I am into Retail Business Finance. If anyone has any leads, please provide reference. Thanks

like

Any reviews about HCL UOB Project work, technology stack and wlb in this project? I have an offer from HCL? Need inputs on the wlb and job security in HCL

like

Hi fishes LTI or Wipro or Harman connected services Please suggest which company is better join. salary offered is almost same. With respect to wlb and job security which is good?

like

What is the average salary for a controller data analyst role in industry?

like

What was your final round interview like? Have two coming up with two MD’s at the same firm and trying to be easy breezy about it.

like

Hi fishes,

I have just now applied in
Grant Thorntonn for the role of Analyst - Fin Ops - US Operations- NB.
I am a 2020 B. Com (Tax and Finance) Graduate with 8.77 CGPA. Also passed ACCA Financial Management and Taxation UK Skills level exams.

Can someone refer me for the same?

Grant Thornton

like

Hi Fishes anyone recently got interviewed for Dynamics 365 team in India ? What is the interview process like ?

anyone have an idea of What the Southern California salary for Deals S1 level looks like for public accounting?

like

How much maersk pays for 17 yrs of exp ?

Can I learn Java on my own , if yes then what will be the strategy??
I'm from non IT industry and want to switch.

like

I know this is subjective but what are some of the easiest/toughest SF certifications to get?

like

Best experiential/activation agency?

like

Additional Posts in Partner One

Big4 partners, do you feel the journey has been worth it when gauging by the variables of money, family, sphere of influence, and happiness? Or industry still seems more alluring? Thanks for your wisdom.

like

Big4 Advisory Partners/Principals - how much do you make in your 1st - 4th year as a partner/principal?
Trying to make a decision whether its worth continuing.

likehelpful

Question for some of the senior partners on this bowl: do you mind sharing what does the the top end of partner comp look like? Is it like 2-3M annually? And how many years it took you to get there after becoming partner?

like

Partners, what were some life changes that making partner brought about. Thinking mostly in terms of pay increase, additional security of retirement...but interested in other impacts to your lifestyle

like

Executive presence - what is ONE thing that helped you the most in significantly improving your executive presence during workshops, town halls, kickoffs etc.

like

For the Partners and really anyone in a leadership position: how do you motivate your people to take initiative? i.e. inferring next steps and taking action without waiting to be explicitly told to

like

Anyone invest in franchises and in particular has anyone used a company called FranChoice to help you match w a franchise?

like
likefunny

For KPMG PPMD, how long did you spend at the director level before making it to MD? How long at MD to Partner?

like

Curious what % of partners/MDs have spouses who also work. And regardless of non/working spouse, what do you do to feel a work/family balance?

like

Big 4 Partners, what is your take on mental health breaks? If an employee in your team takes a mental health leave would they be looked at unfavourably/ would someone’s candidature be shelved if they say they’re returning from a mental health break and looking for a job at your firm?

like

For those that are home grown (at least 2 levels) into the PPMD level, how has your relationship with juniors that you’ve been close to from the start evolved? Have you had to pull away from them (intentionally or not) or are you just as close? Is the saying “it’s lonely at the top” rung true for you?

like

Does the concept of local and high value role exist is Deloitte, Accenture or PWC?... been consulting for 13 yrs

How is a Partner’s sales bonus at your firm calculated? Also, what if multiple Partners have connections at the same client when a sale is made? How is the bonus fairly distributed?

like

Partners,

My firm is immature in guiding development planning. I have energy to accelerate to the next level of responsibility.

What evidence distinguishes an analyst as ready for the next level?

like

What’s the hardest things you find about being a partner?

likefunny

How do you identify potentials in people?

Negotiating an offer with MBB. How should I negotiate for unvested RSUs? I have about $400K with a vesting schedule over the next 3.5 years. Thank you!

like

I thought this question would be best for partners who’ve been in the industry for awhile...

like

PwC is getting a lot of hate out there :(

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