Hey FB fam! Got counseled out on Friday. Tech Strategy Senior Associate at Strategy& for 2 years, aligned to Healthcare vertical. Looking for my next stop in consulting. Thanks in advance

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

It often does have to do with how the firm is doing. The quality bar doesn’t change, but when the firm is busy people get plenty of at-bats and learning experiences. It’s tougher during slow times.

like

This is one of the issues we need to fix in Strategy&. We use a strategy development model (Eg up or out) but then we use PwC’s separation model (no six month “performance improvement pulse check”, no placement time/resources, same-day/same-week departure, and no time for internal transfers to other lines of service with different skillsets). It’s a very broken model and in my opinion one of the top issues where we are getting the worst of both worlds (strategy consulting and non-strategy practice management). Most strategy firms are aggressive on the counsel ons but give plenty of support before, during, and after. Most non strategy firms let the individual’s personal drive dictate their career progression, but cut ties quickly without warning because at that point the performance issues have been going on for longer/proven durations

like

Experiencing this is full force now. Little-no apprenticeship or development...and the firm and seniors do not care about talent development. At the same time, we work strategy hours/compete with MBB on projects....

Recent IconRecent

OP, find an immigration lawyer and switch to the b2 visa asap

like

Hang in there! Good luck

like

The bench is not an issue at the moment.

helpful

Were you counseled out at the SA2 level?

like

^this. How long until you are cut loose?

like

SA3, things vary by vertical. In FS we have no bench but not all SA3’s that were eligible were promoted. Other verticals may be less sold than we are. You can get counseled out at any level, not everyone goes from SA2 to M1 or SA3.

like

Which office are you out of? Open to relocation?

like

Damn op, that’s kinda messed up - and I’m glad this practice was brought up here as an eye opener when considering S&. Hopefully this visibility opens eyes to other people at the firm so changes can be made. Your positive attitude is why I know you’ll be fine moving forward.

like

I’m all for up and out, but the blind side counseling out is uncool, especially if you’re getting good feedback. With that lack of notice or feedback, it can create stresses on those consultants that aren’t conducive to growth.

like

Remember on the S& all hands call last year when DeAnne was announced they were “looking into introducing a counsel out period for the more tenured members” of the firm?

LOL

like

OP - sorry that this happened, but glad you have a positive attitude. Unfortunately, sometimes we get squeezed by things outside our control. Addressing a few things to dispel FB confusion and rumors:

- unfortunately, CRT’s are more of a black box than processing the project/snapshot feedback. 90% of people are above average, so there are crazy rack and stack politics that go on. Unfortunately, your situation is not unique — just part of the beast, especially within an up or out model. Rare is the case that someone is materially underperforming in obvious ways.

- Capacity is really dependent on the vertical. I know it was impossible to find a SA in IPS, TMTor CM this spring, but there was a bunch of staff that became available in HIA. Not sure if a project fell through or it was something else. Maybe unlucky timing. Maybe it was even due to the few recent partners that left for industry that created an out of whack supply/demand situation that is out of your control. Unfortunately, we do a poor job of helping people switch verticals in this situation, but it’s worth a shot.

- Did your RP explain more about the skills/needs comment? I’m curious if we’re moving away from having “tech strategy” roles. While important, our own internal setup makes it difficult to have a tech consulting group at lower rates than the tech strategy group. I could see the from moving away from this as a possibility, too. Again, it’s unfortunate to not offer alternative moves if this was the case.

Not sure if any of this helps explain things, but it’s not always a straightforward explanation/discussion. Good luck with the search, and I’m sure you will land on your feet.

like

Thank you for the solidarity guys. I’m sharing my burner here in case anyone wishes to connect with me. ad.9@yahoo.com

like

Thanks guys. 😊

uplifting

Burner is ad.9@yahoo.com. In case you wish to communicate via email

Were you given a reason? Sorry to hear that

Good luck OP!

Thank you S2

Sorry op! Is strategy& struggling with a bench or something?

Do you still want to do consulting?

Hey Booz, yes I absolutely want to do consulting for as long as I can. No kids yet and wife is super supportive.
S& always has quite a few people on the beach simply due to the short duration of most projects

Thank you S3

Related Posts

Pros and cons of moving to wealth management under someone like Morgan Stanley? I’ve got about $300K in non 401K equities, mostly VOO, but a lot of individual positions as well, and have always enjoyed managing my money. But curious about perks like free Amex platinum and enticed about the idea of spending less time managing myself.

like

Hello Guys,

Just two simple questions, but need to know the ans!!

How to check eligibility for below questions?

1. Whether Earlier member of Employees provident fund scheme 1952 ?

2. Whether Earlier member of Employees Pension scheme 1995 ?

Working at Capgemini, soon to join Cognizant!!

like

Hi folks,
How do you feel like working with a global team with expectation to work with 3 time zones 😵‍💫. I'm confused to accept or not
India
USA
Taiwan
I'm concerned it might affect my health

I’m really discouraged. My after tax / after 401k contributions etc. take home pay is $6,500 monthly. I have $60,000 in savings / stocks for a down payment but even looking at a $550,000 home, my monthly payment would be about $3,400 from the calculators I’ve been using. Is that too high?

So discouraged that houses where I live are about 50% higher than what they were 2 years ago, and now interest rates are around 5.25% for my credit score. This is like a 1750 sq foot home

like

Is there anyone working in Marketing/Product Management for a health tech firm in Atlanta? I would love to chat.

like
likehelpful

Best healthcare conference to wrap up the year?

like

Is 58,000 for an FP&A role in healthcare industry on the east coast too low? I have one year of audit experience but I have my CPA and will be relocating from the Midwest.

like

Does relocation to touristic cities (workations) really work? I have experience working summer jobs in foreign countries and was thinking about doing that now, or at least plan for next year.

I am curious about the impact it has on the work/life balance as well as the mental health, after several years of doing the same position in different companies.

Friends what are the benefits of green card for parents if they do not want to relocate? Anyone else faced similar situation

like

Hello I just started my first job (I’m 22) and I need to set up a 401k for matching with my company. I’m really confused how this works because I want to try to hit the IRS maximum of $19,500 for Roth contributions this year. Maybe it’s too late in the year now, but it’s asking me to pick my desired contribution % per pay period, but I’m not sure how much to do because it says it’ll kick in 1-2 pay cycles and I don’t even know when the next pay check comes yet. Any tips would be great

like

So BDO doesn’t match 401K until 1 year of service..?

like

What’s a good baseline amount to keep in a checking account? I generally keep mine pretty low <1000 after paying CCs then dump the rest in savings. As I’m building a rainy day fund and then I will start contributing my brokerage account.

For reference <1 year experience at $4500/month (after taxes and 401k contribution)

like

Has anyone started on anti-anxiety or anti-depression meds due to covid? Has it helped in any significant way? My mental health is really suffering and I’m considering medicating but so worried about all the possible side effects 😞

like

Any Art Directors / Senior ADs in SF or looking to relocate? Experience with healthcare clients a plus

like

Do big4 directors retire with the same benefits as partner or some other?

funnylike

Hi fishes,
As an employee of TCS, can we avail any comprehensive/full lab tests/ health checkup tests in Hyderabad.?
While I'm checking on Medibuddy, there's an "amount to pay" displayed on each of the tests.

like

I need some advice. I have a Bachelor of Science Degree in Healthcare Administration with 20 plus years working in different Healthcare roles. I am working as a PBM Claim Specialist. What other positions can I apply for that is fully remote and better pay? Side note I am thinking of applying to nursing school sometime later down the line. Any advice will be greatly appreciated .

like

Anyone made a switch to health tech companies? Do you like it?

like

More Posts

What kind of resources are useful to prepare for Alixpartners online assessment? Any insights are appreciated. Thanks

like

For people going through layoffs right now. It's really hard. But pro tip: sit down and write your obituary assuming you live to be 100. Helps so much to really see this is nothing but a blip. ❤️

like

Hi All,

Mindbody (US- based Product Company) is hiring for below position in Pune Location.

All Flexible option available to work from Anywhere. (WFH/WFO/Hybrid)

If anyone need a referral then DM me. Kindly confirm your full name and position you are interested in..

Thank you.

Post Photo
like

Hi Fishes I've recently started working at Accenture and company has offered me (9.1 LPA including fixed and variable) but I've got one more offer after joining Accenture from Capgemini (in Malasiya - KL) of 7000 Ringgit/ Month. Shall I leave Accenture and join Malasiya or should I stay in Accenture only? Please help me.

like

Deloitte 🐠 who recently joined - what was your sign on bonus like and when was it paid?

like

Has anyone went across to the US from Canada on the TN Visa as a Business Analyst? I’m not sure if it can fall under the Management Consultant category.

like

Why does Neom already have TV ads airing in the states? We can’t easily go to Saudi Arabia, most of us wouldn’t if given the chance, and i don’t think any aspect of the city even exists yet? So weird.

like

Does Havas has any tuition reimbursement programs? And has anyone done one?

like

Hello... is anyone joining Capgemini (Pune) between 20th Dec to 31st Dec?

Thanks in advance...!!

like

Anybody here trying to get into Project Management? If so, what makes you want to get into PM?

like

Damn LIBOR rate up again...

Any tips to clear HSBC initial behavioural assessment round ? The last time I attended could not clear.

like

Had my interview on 12th Feb evening. The same day late night I got an email asking to upload the Application form( Completed the same on 13th Feb). Can I understand only HR discussion pending for me? If yes how much time will it take for me to get the HR call.
Thanks in advance.

Hello fishes,

I'm in dilemma so asking,

Does current market provide 18lpa package to average backend developer having YOE: 3yrs in Java, springBoot, microservices, rest,git ,springreactive

CCTC:7.7

Also is my cctc underpaid considerig current market offerings?

Please reply, honest suggestions are really required

like

About to start back in consulting and my IVF cycle is kicking off as well. How would you recommend broaching the topic with the lead office partner?

like

Can anyone at CohnReznick mention what the fertility benefits are as part of the health plan?

Hi Fishies, I’m 32yrs old and went with IVF due to male factor. I had 5AA t/f(modified FET) on 11/07, today (11/16)I had blood work, nurse told HCG level is: 168.5, and will be checking again on 11/18, to see if HCG is raising. Is this good value? This is my first time IVF , little worried but again not keeping many hopes and become depressed I’d something goes wrong. Meanwhile trying to stay positive as well.

like

VC / PE people who have carry: do you usually have / sign the papers and vesting schedule straight away ? My fund has been withholding a lot of the paperwork and basically I am afraid to get screwed if I leave.

like

Considering a career change as a second year audit staff who is burnt out and overwhelmed in public accounting. For those who have left the big4, would you recommend moving to a smaller regional firm or going into industry?

like

Additional Posts in Consulting

Eid Mubarak! 😊

Post Photo
likefunny

What's a good salary in CH for a Big4 for a Manager position? What benefits can be included?

like

What jobs besides product management pay >500k TC at FAANG?

likefunny

Beside toastmasters, what are other ways to improve communication and public speaking skills? Books, podcasts...?

like

After months of suspense, Accenture UK emailed to confirm I am not getting fired. Time to get 💩

likefunnyuplifting

Kids - All the joy they bring and old age help aside,
To have or not to have?

likefunny

Best consulting firms for PE work (CDD,Value Creation)? Looking for the best firm for exit ops to PE ops eventually. Thanks!

like

Hi All,

Moving out of IT consulting to Product Management side in the next couple of weeks.
The new company I will join is an e-commerce division of a leading food retail group.

Any suggestions about books/ videos that I can access to learn the basics of the product side?

like

I have $2k in Dependent Care FSA that I need to spend soon. I have a nanny who takes payments in cash. I am trying to get reimbursed but she is refusing to sign and write a receipt… what should I do? Is there something other than nanny payment I can use this fund on?

like

What job roles within cyber do you look for, if you are moving out of consulting?

like

Who are the top consulting firms for competitive strategy?

like

Who all is working at client site everyday? Anyone other than the govt/cleared peeps?

like

Anyone make a career change from consulting to law enforcement? It’s always been a dream of mine and I can’t help feeling that I’m just wasting away my years in consulting. Would love to hear if anyone has experience with this type of switch.

funnylikeuplifting

Is there any distinct cultural differences in how the Restructuring (incl. Turnaround, Value Creations) team work between the Big 4?

like

Anyone with experience working for Bridgewater Associates, LP? Had a recruiter reach out for a BA/PM role. Associate level/experienced hire, on portfolio transformation team.

How’s the whole experience? Comp package, benefits, work life balance, etc.

like

If my husband and I are on my insurance, can we both have FSAs for our own firms? Or is that double dipping?

like

I firmly believe the most prestigious company is the company that will pay me the most. What others think doesn’t pay my bills.

likeuplifting

I used to have açaí bowls for breakfast while traveling because of per diem. Now that I’m bracing to be WFH for the long run, I want to start making nicer breakfasts to make me happier. Where are the best places to get açaí? Not the powder, the frozen packets

like

To all my NY 🐠 - booking some last min NYE tickets. What are some good/fun places to go for a group of 10-15 people ages 25-30?

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