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What is the pay scale of design ops manager?
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McKinsey & Company Has any industry experienced candidates pivot to MBB Engagement Manager before? My roommate works at FAANG as Senior Analyst (Ops, 6+ YOE) and was approached by McKinsey & Company recruiter for an EM role. He hasn’t done consulting before. Would this be too much of a risk? His goal is to pivot to PE S&O eventually.
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Where do we find the HR contact number?
Utilization rate this time of year?
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When the product is derived from labor and not tangible supplies, you need the timesheets and budgets etc.
Start your own firm and prove viability of this concept in practice. You’d have top talent lining up around the block, and retention rates would be through the roof. The question is could you make it profitable enough for partners.
Ey1 - can you share with us your successful techniques to raise rates?
Alvarez and marsal is the closest you’ll get to this dream
They pay you what you’re actually worth (like 80% increase in TC), have less BS corporate mandated compliance trainings, way less red tape on engagements because of no audit function
Those pain points you mentioned are literally what keeps the firms profitable. I do agree they’re annoying but it’s necessary
Think the problem is the fees are so low compared to the work and stress put in.
OP - what business doesn’t use budgets? Or track costs (timesheets)? Or have goals?
It scares me a bit that you are working with our clients with a rather unrealistic view of how a competitive market works
Chief
In that case I would charge a monthly fee for large enough clients, but it seems like hourly works for you so you’ll keep doing what works. Just don’t be surprised when employees are reluctant about inputting accurate timesheets data or just book time as close to budgeted hours.
If only
Keep dreaming
Chief
Agreed, but firms are not willing to change yet. It’s better to break off on your own instead of changing the old school culture and business model.
There are firms out there already doing this. And they are growing fast.
Chief
Can you name some firms?
Don’t worry industry accounting is trying to figure out how to employee us only for close week
D.H.Scott in Redding, CA & Spokane, WA offers a very real quality WLB. DM me for remote / hybrid / office work - we are recruiting for Tax Manager and a Audit Manager. Top pay PLUS paid overtime and Big 4 benefits.
Rainmakers want to and need to get paid, otherwise they go elsewhere. All the things you dislike are how we pay rainmakers. Without rainmakers the work goes away.
Chief
Regular companies do this all the time. It’s just a different business model and you measure different metrics. You would look at the 5-10 employees and all of the work they complete and revenue generated compared to their salaries. Majority of the time even though we have a bill rate, the quote has a range or even a fixed fee and the billing rate is for internal purposes. However, if it’s truly hourly billing then you need those hours to determine the revenue, but our salaries are fixed so more or less hours doesn’t “cost” anything to the company, it measures loss of revenue as opposed to costing the firm more money.
Yea but will that really happen is the question.