How is everyone not paranoid right now? Everyone from partner to senior associates are all calm and telling me not to worry about the economy too much, but every article on the WSJ or CNBC is all doom and everything is on fire. Is the economy really fine or is a storm brewing?

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

When you look at it this way puts some perspective on how much of a slowdown this really is. Yes Q2 dropped from Q1 but we aren’t on life support

Post Photo
like

this is nothing compared to the feeling in March 2020, which was actually concerning. we are still very busy and clients' potential deal pipeline continues to grow. a slowdown is not the same as a dead deal market

like

Agree 100%. During covid things literally stopped. In a recession no matter how bad there are still deals going on but perhaps ay lower volume.

That’s why I work for the worlds largest restructuring firm. No better place to be!

like

Every shop from big 4 to non pa preaches that that rotation of fdd staff to restructuring. They tried doing that during covid and it did not work. I think reputable shops like AM will keep their deal flow sufficiently running to keep high performers busy. I am noticing that fees are gradually being lowered so we may see smaller budget as volume decreases and partners try to keep up with the deal flow.

It seems that PE still have significant purchasing power, and may be motivated to do deals as valuations may be a little lower during recessions

I think people who confidently say one way vs another are both wrong. I don’t think anyone genuinely knows what’s going to happen

like

Correction*** (Not definitely breaking) - probabilities of something breaking

More millionaires are made in recession than any other times. Just need to find the right opportunities! A recession is like a Black Friday, you get good deals. But not with accounting income for sure.

like

I agree. Work for a big 4 and they literally had a town hall saying that there is no recession and that our economist say everything will be fine

like

Nobody knows. How are they so sure?

like

WSJ, CNBC, etc are all reactionary and look at the economy through the daily and weekly trends.
A recession is a feature not a bug of cooling inflation. Hopefully its a controlled slowing and not a crash, but only time will tell. Plenty more work to do today than pre pandemic.

Keep calm. Nothing compares to the covid slow down. Transactions came to a halt litteraly then. Also people learned not to fire people as they need bodies for the rebound

Related Posts

How much should I have saved solely for real estate investments?

I think I want to step my toes in the water by renting an apartment complex and renting it out on AIR BNB.

Has anyone here done this? How much would you advice I have saved before I do this? I know there are fees as well as costs of furnishing, etc. but looking for further advice :)

When your firm requires billable hours, how are they calculated? Actual vs realized (I.e. what you put on your billing sheet vs what is billed to the client). Does your firm differentiate? Which number do they go by? My mind is somehow not comprehending how some big law hours are under my small firm requirement?

like

Whats the move tonight?

like

Any idea what the Sales Transformation Executive (Enabling) role band is at Capgemini? Coming from a regional sales role with an ITeS major and startup sales/partnerships experience of 4+ years.

like

Attending a company holiday party where they're doing a white elephant gift exchange. I barely know anyone except through emails and IMs given that most of us WFH. Fun but office appropriate gift ideas $30 or under?

like

Hey guys. Can you provide me with any recommendations of practice modelling cases.

like

Do companies block Candidates if one accepts the offer letter and don't join?

like

Best ways to earn the trust of a team when coming in as their new boss?

like

I've always had a much wider butt/hips. I started working out in high school and lost a good chunk of weight then but still had relatively wide hips not very proportional to my body. Any advice?

British Telecom or Morgan Stanley which is good to go for career prospective and values the resume?

like

Hi Everyone,

Need some inputs before making an important decision.
I have offer from Cognizant and they are promising that next quarter they will initiate my Canada visa. They are giving assurance when I spoke to them over call. Also, my current employer Accenture is also saying the same to retain me. Can I believe Cognizant? Also, Canada onsite is best in which company - Accenture or Cognizant. Please suggest based on your experience.

Thanks in advance!

like

I recently found out that my current “position” was making over 3k more than I do in 2014, 16k more in 2019 based on contracts that I accidentally found…. I now do two double the work as I am the only one fully trained to do so. How can I bring this up and demand a raise?

like

What are some of the best consulting firms for digital strategy roles? Looking for a change and was wondering which of the T1/T2 firms have digital practices in Canada. I have applied to ATK and McK. BCG is working to establish their presence in Canada but their team is focused on establishing top down. Bain doesn’t have digital focus. Can anyone shed some light on other T2 firms?

like

Anyone here live in Lincoln Square? How do you like it?

like

Does anyone knows the salary for a logistics dispatcher and a logistics manager

like

Should I do the PMC at the Product school? Does it help when transitioning to product?

like

Found a most enlightening work on decolonial history with tons of TIL moments especially about Anti Colonial movements in Egypt, China, Japan and course India in the 19th and 20th centuries. Most histories this period often adopt a Euro-centric lens but this book flips it and tells the stories of these turbulent times from the vantage point of the pioneering Asian leaders like Tagore, Al Afghani, Kang Youwei etc. Lovers of Asian history would surely appreciate this book

Post Photo
like

Anyone joining Walmart in January-2023 ?

like

What do you guys do when you like a mortgage provider but not the specific lender you spoke with? I have a lender that seemed rly immature and a bit rude but I like the company.

helpful

Given the continuing chip shortage situation- what changes are you making to your embedded code bases to handle hardware changes?

like

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

When is too soon to quit a new job?

like

How difficult is it to get the hang of CMAAS from Audit? Will be senior in assurance at EY, considering trying to join PwC’s CMAAS group as a S1 but feeling like maybe I wouldn’t be prepared as I don’t have much technical accounting experience. PwC

like

Which firms have a Financial Due Diligence practice in Philadelphia? I know EY, KPMG, RSM, PWC, GT, and Marcum all have one, any others?

Is it possible to move from CMAAS to FDD without any audit experience? If so, what are some skills that would help with the transition?

like

On average, how many hours do you work per week? Please also specify the firm. I’ll start, I work at Crowe and I work about 40-50 hours per week every week. Cheers!

like

The PwC Deal leader. Do you have something sad or upsetting? Why do you always wear a frown? A smile really makes the world better.

funnylike

any tips or pointers on the case study as apart of interview process?

like

Trying to update resume with approx 1 year in FDD. Any good examples or resources?

like

Whats A&M TT/M&A Tax group culture? Do they have a Washington national tax group? For those in FDD that have B4 experience at A&M how do compare you tax colleagues at A&M vs B4?

like

Staff 2 in audit right now. What are my options for trying to break in to FDD?

like

Thinking of applying to GT FDD. Anyone know what the s1 salary in HCOL is?

like

Anyone switch from middle market to big 4 and regret it?

like

Charlotte senior 1 FDD/TAS salary? Please note if you switched internal or external as well. Thank you!

like

What are the benefits of going the FDD route over audit other than “higher pay”? Note that in Toronto, audit pays higher than FDD at the senior level

like

Does EY have an FDD group out of Miami?

Do mid tier firms pay more than B4?

likefunny

When will we be notified of this year’s promotion in TD?

like

Tips for taking better meeting notes?

like

Anyone in restructuring that I can DM some questions?

like
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

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

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