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Hi All, My sister has done Computer Science engineering Bachelor degree and has 5 years of work experience in India. She is applying for MBA at https://www.kenan-flagler.unc.edu/programs/mba/full-time-mba/ and https://kelley.iu.edu/programs/full-time-mba/academics/majors-minors/marketing.html. Her overall goal is to get into Software Product management. Any suggestions if any of these MBA’s can open path in the desired space or if she is better of doing an MS in Comp engg. to further develop deeper Technology skills. Thanks
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Mentor
Salary range for Highspot solution architect?
Visual Storyteller
Additional Posts in Transaction Services, M&A, Deal Advisory
FDD bonus at FTI?
Got accepted for the SaT rotation program!
Coach
It’s really not that complicated - billing rates are the same or even higher than B4, but it’s really because overhead is so much lower. They work hard to keep overhead low.
Can you refer me…
It’s pretty straight forward, employees get between 20-45% of cash collected for hours they bill (rate depends on level), 10% pays for back office overhead, and the partners get a share of the remaining profits. Calculate your TC as a % of your billable hours x bill rate, at B4, and you’ll start to feel angry. Also, no cash outflows for retired partner pensions or all these lawsuits B4 has to deal with.
Oh...so I'm not actually at 28%...I was taking 70% for what we collected on average. Undo that and I'm actually at 19%.
Mentor
No digital lab initiative with hundreds of thousands of hours wasted and millions of dollars in rewards wasted. That is just one item. B4 will spend money on anything except increasing employee wages.
Anyone else getting Siegfried vibes from A&M or is that just me
What’s funny is a few weeks ago people were like “oh boy. Here comes A&M people pretty soon telling us their bonus. Tbh I don’t mind. I like to know things like that so I can consider options when I leave”
My dad is a partner there. Firm just says “we are going to pay our people well. Keep the high performers and people we like. Coach the others out. No 401k contributions. Not going to offer top of the market salary. But bonus will be unlike anything else offered in the market. My dads senior directors at A&M can earn as much as partners at other firms if they work enough. Meanwhile directors at PwC might not even make $200k. How can they afford it? Same way big law firms afford to pay first year associates $200k. They’re being paid $200k but billing 2800 hours (hyperbole. Idk.) and bringing in $600k in fees. Also, my dad probably doesn’t have as sweet of a deal as PwC audit partners and no pension.
Coach
Agree - I really like their “match” approach. Optimizing my retirement contributions and tax savings.
The low overhead approach isn’t really noticeable to employees individually in terms of having “less” of anything tbh. Training/CPE programs are great, employee events frequently again with offices reopened, and on and on.