How common is it to join a firm out of undergrad and get fired/laid off within 1 year or less of being there?

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

Asking for a friend?

like

I’m not going to sugar coat it. It is not common. At all. But it happens and it’s not the end of that persons career.

like

Happened at S& the last 2 years (for MBA hires)

likehelpful

Happened to me. I was offered a job with a small consulting firm that I interned with out of college. Fast forward 8-9 months, sequestration hit and my entire contract was cut. Since they were a small company and didn’t have the overhead to bench me, I was laid off. I was worried for a little while, but hustled jumping from small to medium level companies until I was able to land myself with a large name in the industry that eventually led me here. I’m currently a SC in S&O making $120k at 28 without a MBA. Not too shabby in my opinion given my rough start.

likeuplifting

About 1 out of 10 people leave in the first year is my guess. The majority of them are probably voluntarily leaving. The rest are fired.
You have to screw up pretty bad to get fired the first year - a company that’s doing that a lot is going to have a hard time recruiting new students. So they avoid it

like

Happens all the time to good people at Accenture.

like

We have a history of doing that - it’s not unheard of but very uncommon

like

It's okay folks, OP is lying, he said that he's happy here.

like

Btw, this didn't happen to me haha-- I am happily working at PwC, was just curious of how common this may be

like

My friend got laid off within 2 weeks of joining out of undergrad (not consulting)

like

If you are not staffed and junior at Accenture there is usually nobody to advocate for you and it’s all a numbers game there.

like

Very common. Ask Uncle D.

Why is that P1?

It happened at PwC last year. A bunch of new hires from August 2015 were laid off early 2016

@AccenturePartner: Hold on, all the time at ACN? Been here a decade: not true. Ugottatrulysuk4thatandthatisrare. Also: as a public company, no such thing as partners

Related Posts

How is job security in BNY Mellon | Pershing Technology department?
It's very scary to here abot lot's of layoffs in other companies these days.
......
#Layoffs #firing #Job #Termination

like

PPEDs: Just found out that a Partner, who was promoted in 2017, was fired. IDK the circumstances. What can they expect to walk away with besides 401k & normal pension plan?

like

If the layoff is not necessarily to go through performance improvement plan, then is there a standard dashboard look to evaluate ourselves about how close we are at?

likehelpful

Hi!!
I am looking for a referral for Marketing/Product management role, lost previous job in a layoff.
YOE: 2.5

Wow! What a day! What type of company starts layoffs right before the holidays? Lost my job this morning and I am stressed out. Is there any chance of finding a new job before the holidays? I'm doubting it.

likehelpful

O&M Creative: more shuffling still to come? And by shuffling, I mean layoffs too.

like

Hey! Any Google folks know if it’s possible to negotiate fully remote if a contract role is hybrid? Personally, I don’t want to relocate and go to the office on a contract role given the current economy. Plus, I’m assuming contractors are the first to go in layoffs. I just think it’s a fair trade off if I’d be allowed to work fully remote. I’m also trying to have flexibility to manage my Airbnb business in a different country. Same time zone as the home office if I’d travel weeks at a time.

like

I was recently (in April) fired from a good nursing position that I was at for 5 years. I reached out to my old ADON to get some information on where we had our vaccinations from and she told me that I should come back and the administrator that I had issues with is gone. Is this something I should even consider? I miss my patients and some of my coworkers and the pay is better, but I don't feel like I would really be welcome to come back.

like

Blue shield of CA fired 375 people. Any other insurance companies having massive layoffs?

like

Worried about potential recession and layoffs...

like

Anyone stealth layoff, stealth layoff? I heard stealthier layoff. They gave stealthed layoff stealth layoff. Stealth layoff stealth layoff.

likefunny

Hi all, i was fired today because i said the truth!! Isn’t that interesting?

like

Given the outbreak, are places actually going to be hiring right now? Recently laid off from 9-5 and my freelance is starting to fizzle.

like

Has anyone working tech for a bank been laid off yet? Tech layoffs all over the media but no one is talking about developers at banks (who make up 1/3 of headcount in some cases)

like

Hi connections, I was fired by my company Home Credit yesterday, 70% of my channel has been fired. I worked here as an Engagement manager. I lead the project of inhouse products where I deals with B2C centric markets( Usability of products, cross-selling, contact policies, PNL setup, awareness etc) as well as the B2B centric marketing segment ( end-to-end project management, defining performance metric, gathering information, recommendations etc). Plz give me a reference, connect on 8544357887

like

So are the layoffs at Deloitte over ?

Hi,

Is this a good time to join HP? As they have recently announced 6000 layoffs in 2 years.

like

I have heard lay off happens in CitiusTech, is anyone aware about this

like

After you are stealth laid off, other than job search, what do you do? I assume they won’t give you work and even if they do, you can politely decline? How do you feel about you are not progressing anymore and seeing other people progressing in their career? I have no intention to make partner, but still feel a bit stuck not doing that much.

like

I was recently laid off and I am actively search for a new role. I am mainly targeting Business Analyst, ScrumMaster, Product Analyst, roles but I am open to others.

Must be located in Austin, Texas or fully remote.

EXP
5 Mo- Business Analyst 3
1.5 Y- Venture Capital Associate
1.5 Y- Strategic Planning Analyst

Certifications
ScrumMaster
Specialist Accounting and Finance
Specialist Business Intelligence

Contact
737-707-5156
ajaspercannon@gmail(dot)com
www.linkedin(dot)com/in/jcstrategy

like

More Posts

Dogs in offices are cool, but who's offering some comfy siesta benefits? 😴💤

likesmart

Can someone from Leo Burnett explain why your LinkedIn titles say “Human Being”? It adds an extra step since I have no idea what industry the person inviting me to connect is in or what their title is

funnylike

I recently heard someone say that: "Wokeism is destroying academia." Curious everyone's thoughts on this...

like

This is provisional offer letter , yet to receive original offer letter. Let me understand the ctc, variable pay, and in hand salary. 12lpa is the ctc right.

Post Photo
like

I’m a non-TX immigration attorney mentoring a UT student who went to my undergrad. He’s done incredibly well in OCI and pre-OCI. Thus far, he’s landed interviews with (all in Houston): Baker Botts, Sidley Austin, Kirkland, Winston Strawn, Reed Smith, Norton Rose, and Locke Lord. Also Perkins Coie in Dallas. He’s leaning transactional, but also open to litigation. Any insights/advice on these firms in the TX market? Any to avoid?

like

Having a discussion with someone about seo. They were adamant that seo works differently on a mac book for some reason. Am I missing something?

funnylike

UI designers everywhere: Please stop making “peek-a-boo-only” interfaces.

likefunny

Have McK phone case coming up, has anyone had feedback on why you haven’t passed? Looking to avoid missteps.

like

what will be in hand salary of this breakup please help.

Post Photo
like

Guys, does Barclays have any projects which works in Power Platform technology ( Power Apps, Power Automate, etc)??

I need a referal

like

Would an MBA be required to switch from Product Management within LS/biotech to Tech (faang or other b2c)?

like

Hi All

If you have any openings for Network Engineering please refer me. Skills : Routing, Switching, SDWAN, Multivendor, Python.

Thank you in advance.

like

IBD came to states at 8. My cousins back home are getting arrange married. My parents are starting to pressure me and pity me. But I have no interest in following a "timeline" and am pretty ambivalent when it comes to kids. I already have a SO and do not see a reason to tie the knot just because other people my age are. Anyone else getting pressured and its getting annoying?

like

This is not about dating, but about family relationships. I live far from my family and provably only see them once a year. They have been visiting for the past month and to go from not seeing them to seeing them so often has been an adjustment. I love them, but get so impatient with them and then I feel so guilty. Anyone else have this complicated dynamic with family?

like

I have been an assistant manager at a retail store for a year and a half. This chain has about 60 stores. I get paid hourly. What is a fair hourly wage for an assistant manager position ima store of this caliber?

like

Anyone going to III points music fest in Miami on oct 21st

like

Anyone here work in law in Miami (ideally - media, entertainment or IP practice)?

like

I just learned that I get to argue all of our pre-trial motions and do a direct examination at an upcoming trial. What are your best tips for preparing and setting yourself up for success? I want to hear them all! I’m beyond excited for the opportunity. It’s for our biggest client, so I really want to impress!

like

We are a small shop of 10 and are sorely lacking any people of color on our team. How do we recruit interest without coming right out and asking for POC to apply?

like

I’m sad that instead of showing that there are no differences between human beings, we are advocating for races (what I understand it is very necessary). Just afraid that will create more division.

like

Additional Posts in Consulting

Trying to decide between an offer at Deloitte and a counter-offer at Booz. Deloitte has the name recognition and better benefits but I have a really supportive team at Booz and good work-life balance. Any insight is appreciated! I would be starting at Deloitte as a Consultant in GPS. Currently a Senior Consultant at Booz.

like

🐠 Fam - What’s a good whiteboard solution for my home office? What do you use and from where do I get it? Thanks!

like

Maybe this is a dumb question, but thoughts on IBM right now? Got a call today from a recruiter for SAP OCM position (managing consultant ). Said they’re hiring a bunch but then I see layoffs. Huh?

likehelpful

Question from a newbie consultant - What are some good online courses/ books to improve consulting skills?

like

Definitely not a fan of Westin's "Eat Well" proposition. I'm working in the room at 2:00 AM and the most appetizing menu item is a cold turkey avocado and arugula wrap. I just want a burger and fries!

like

We use Deloitte India for a number of parts of our delivery. Recently I have seen some unethical practices that violate labor laws and do not align with Deloitte principles. My manager says it isn’t my problem as they are a vendor but I can’t help thinking I have an ethical responsibility to do something. Any advice as to how to approach this without being fired?

likehelpful

Any idea why EY is not on the list of Vault 50 top consulting firms but it is on the prestigious list?

like

Does anyone else suffer from caffeine withdrawal?

like

Know this may be a long shot in terms of actual responses but:
@PPMDs, what are your thoughts on the current/impending COVID specific layoffs at your firm?

E.G. Glad for the opportunity to reduce the headcount of mid performing SMs with little/no chance of making PPMD? Sad to see a firm you’re a part of undergo such unforeseen circumstances?

like

Bench time = ski time. Ready to get some true Slalom time in today

like

What does a product manager do at a tech company? Is it comparable to a strategy consultant?

like

Any good business/consulting books on amazon kindle that y’all have read that has helped you in your job?

like

am i automating myself out of a job? writing a lot of SQL and upper management asks for the code directly 🥵 obviously want to deliver but i feel like i’m losing my power.

like

Do any strategy arms of Big 4 or MBB do pre-MBA internships?

like

Hey all, new hire here! Going to receive a $250 wfh credit; any recs on what I should get to build out my home office?

like

How does one get the courage to eat alone at a restaurant? Deathly afraid

like

Top 10 books to read about consulting life ?

likefunny

EY and KPMG denied my applications 😥 please take me I want out of here!

like

Thoughts/reviews on Indian Matchmaking?

likefunny

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