Just joined a consulting firm for a month and a great opportunity that I cannot pass by comes. Now, I need to repay my signing bonus. Since it is the same year, do I just minus the tax and plus the 401K amount and repay the firm back or is is the entire amount? Currently in NYC and the offer letter says full amount. But I have seen many post that if repaying in the same year, you just have to repay the net amount (Full Amount - Tax + 401K amount). Need some help! TIA!

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

I would imagine you will need to pay the amount as per your offer letter

401 K was your choice and the IRS taxed you, not the company. As far as the firm is concerned they paid you $X and they would want $X back (I might be wrong )

like

Yes ^^ It stung paying back the gross amount.

Related Posts

Just moved to the city and I'm excited to get out and try some new restaurants. What's your all-time favorite spot to grab a bite in Charlotte? (Bonus points if you can tell me what makes it awesome!)

like

New to options on fishbowl - I have a call itm with Robinhood that expires tomorrow. If I don’t sell it, what happens? Will they exercise or am I better to sell it?

like

Is anyone aware of any healthcare / healthcare consulting companies based in the Bristol area (UK)? Thanks

like

Just checked coinmarketcap and with the exception of tether the top 85 coins by market cap are all down in the last 24h

like

Any advice for an extremely young, incoming Merrill FSA?

like

Getting an offer from Accenture later this week. Wondering what to shoot for in TC for IT Manager role… I have 8yrs exp, MBA from state school, CISA, in MCOL city.

$165 base? Bonus?

Any advice on negotiations appreciated!

like

Incoming MBA, I have my tuition paid for and rent covered (I will be an RA). So the only thing I need to pay for is food and entertainment. Do you think 20k is enough to last me through the 2 years? I will make a little money interning in the summer, so that would be a safety valve if I blow through the 20k.

Or… should I take a small loan?

Big 4 junior level feels while trying to get promoted with no raises, no bonuses, no travel benefits, and 60 hour weeks with no separation between work/home “but you should just be happy you haven’t been laid off”

Post Photo
likefunny

I recently accepted a position with a new org. One of the benefits I asked about with offer was the parental leave policy and was told (in writing by HR) 16 weeks paid after 1 year, which is as good as you can hope for in US. Now I’ve been sent the employee handbook to review/sign and it says only 12 weeks, which is less than the org I’m leaving. What might my recourses be to negotiate 16 weeks when the time comes? Also, should I be viewing this is a red flag?

like

For EESP - which is better share withholding or payroll withholding? Thoughts?

like

Save your money.

Post Photo
like

Hey Guys, Hope you all are doing great. Can someone let me know about the work culture, is Saturday working, are there any shifts and benefits of HSBC Electronic data processing india, ecospace, Bangalore?

Safest wallets / exchanges for buying VET and safe moon? 😭

like

What’s a good budget for rent if I’m making 138k + 14k sign on in NYC? I’ve got like 10k in student loans and about 5k in credit cards. No other obligations.

like

Anybody using Marcus high yield savings? 1.9%APY seems like a no brainer, just want to be sure I’m not missing anything.

like

I found the following perks in Deloitte should also be considered at RISE

1. Office Phone reimbursement
2. Well-being allowance yearly 25k
3. Vacation allowance of 25k
4. Amount of Rewards and Recognition min 5k compared to current reward Rs.1500

likefunny

Are y’all waiting to do a mega backdoor Roth to see what they do about build back better this year or just moving forward with it?

like

I got two offers in analytics ( risk management) HSBC and EY india Salary difference is 60k yearly and EY offered 2 lacs joining bonus. Which one will be better to join.

Overall 9 years of experience. Relevant 4.5 years

like

More Posts

Weird market movements today! Some wildly up, others falling apart- with no relation that I can see

Thinking of starting a tutoring business franchise, like Sylvan, KUMON, or Mathnasium. Do these businesses usually suffer during economic downturns like a recession?

like

I get so frustrated and annoyed when people make stupid common sense mistakes and I think it’s starting to affect my relationships. Don’t really know what to do.

like

When covid first hit, I was delighted to be working from home. My hours even improved. Now, because of some triggering events, I’m dealing with horrible panic attacks on the daily. I’m dissociating and can’t focus long enough to get work done. I JUST hit a year at this firm and am going on a one month stress leave. Worried I might not kick this mental state in that time. Any advice as to what I can do while on leave so I can come back focused and ready to work?

like

I have a senior business process manager interview next week, any tips? It requires 4 hour long interviews in which one is a business case study. What would you recommend while I am prepping?

like

Intl Tax folks, how long did it take before you were confident in your role? I've worked for the past 3 years in a practice that is heavily consulting based (inbound and outbound structuring) and I feel like I'm only just starting to understand the foundational concepts (where I can explain them clearly to clients) and offering a shred of value. Then I'll have calls where partners discuss complex tax, legal, treasury and other related concepts that all go over my head.. it becomes overwhelming

like

Hi fishes,

1)What is the Hike process in BNY Mellon?
2)When we expect Variable pay bonus to be paid and how much % BNY is paying on yearly basis?
3)What is the Financial cycle for BNY Mellon?

like

Started a new PMM role this week and my manager, a VP, has no bandwidth to onboard me to anything. Has anyone been in the same boat, and if so, how did you go about onboarding yourself to a new product/portfolio?

like

AWS vs Cloudflare BDR roles

AWS lowballed but I negotiated to match Cloudflare. Cloudflare offers more equity but AWS has a higher base.

I love Cloudflare. The people are great but it’s an engineering culture and the sales team isn’t as well shaped up and I can’t go for a promotion until at least 18 months of tenure. I am an investor in the company and think of them super highly. I’ve already got half a years SDR experience and AWS promotes quicker.

AWS has prestige but is it worth it?

like

Hi Fishes,

The Be Well Work Well gifts that some people have been posting about on LinkedIn, is for everyone at PwC AC Kolkata or is it just for Assurance staff?

like

Does ibm give any Diwali gifts?

Hi Fishes,
Any Idea about Pega Practice at Optum?
Please do reply as I have joining in 4 days ,So honest replies are welcome :)

Hi Fishes. Just got the following offer and would like to know in hand salary. Please let me know.

Fixed: 30 LPA
Bonus: 3.33 LPA
Gratuity: 72130
Stocks: 2 LPA every year for 4 years
Benefits: 91k Broadband, meals and insurance
Total: 37 LPA plus joining bonus of Rs. 2 lakh

like

Does anyone know a discount code for Omni Hotels?

Good neighborhood for buying rental investment properties in Dallas? Have budget of around $400k.

like

I would like to know how much persistent pay for 7.x senior architect.

33 M in NYC. Open to chatting!

like

I heard so much about minimum billable hours here by staff. I never saw that email. Is it inly for certain groups?

salary band for Accenture Management Consulting 2nd year Manager in Chicago (Tier 2)? Was offered $120k base. Thoughts?

like

FTI Senior Director base + bonus in NYC?

like

Additional Posts in Consulting

Realistic Digital Expert at McK salary range?

Unsure if I’m qualified to command the average on Glassdoor 😅 I thought McK salaries were pre-set

like

I want to become a better people manager. I haven’t ever gotten any formal training in this and now my career will demand it. Any training, conferences, books you good folks recommend?

like

If anyone wants in or out of Consulting and needs a resume review, send me a message 😇

Wishing everyone sucess this week!!

like

Any entrepreneurs out there that feel like there’s a million things no one told you before starting your company? (Good&Bad) 5 years in myself and nearly could write a book with my list of sh*t no one told me… curious to know what’s on your list???

like

When we come back from covid, can we all just agree to give up handshakes? I find handshakes so unpleasant and now we can all appreciate how gross and germ-spreading they are!

like

Been with D for 8 months. This is my 2nd job in 2.5 years but thinking of jumping ship with all the lay-offs in my area. Will I be seen as a job hopper? Really like it here don’t want to be laid off.

like

Hello 🐠, new job and have the option of choosing healthcare providers. Deciding btwn Aetna, UHC, and BlueCross (all same deductible and out of pocket), but slight price diff. Any recommends? Thanks!

like

Any book recommendations for learning about investing smart in your 20s?

like

What are the best consulting firms in Europe to do AI strategy work in public sector? I have Canadian experience and I’m looking to move geographies.

like

What are the pay and benefits like at ROIHS?

like

Hello! I’m a clinical healthcare worker and am currently working on a master’s in finance to pivot to healthcare consulting.

I’m trying to get an internship next summer (I have the time off work) but am having difficulty finding internships for non-MBA master’s degree candidates. (I have a clinical MA and doctorate & it’s been an auto-reject from analyst internships.)

Would anyone be willing to connect for internships or work for companies that love non-traditional candidates? Thank you

like

Manager Ratings: Generally speaking, in consulting, for a long term project, if there’s a team of 6 people (1 person managing everyone, and below that person 5 different people who are associates or senior associates) is there pressure on the manager to give at least 1 of the 5 associates/senior associates a bad review? Assuming everyone performed anywhere from good to great, would a lot of managers feel it would make them look bad to let all 5 have a good review?

likehelpful

Top consulting firms in the Aerospace / Aviation,l or Defense / Intelligence spaces? Looking for business or tech strategy jobs here

like

Accenture Strategy 🐟: what’s the Big 4 equivalent of Senior Manager or Principal? I understand Accenture Strategy may have a few additional layers compared to Big 4?

like

Any married people do couples counseling? Did it help?

like

Not sure if I am getting laid off. What are some key signs. Thanks in advance for your help?

like

Hey 🐟 fam. I’m starting a new gig next week that’s 90% WFH. I’d love some recommendations on a second monitor. Nothing crazy pricy, but something that’ll work well with my MacBook Pro. Thanks y’all.

like

For people in consulting - do you often read books about project management and motivation? Would appreciate your recommendations (preferably the ones with more than one thought for the whole brick of text 🤨).

like

Clinton looks like she's wearing grillz on my Sheraton tv...

like

Top consulting firms for building mobile apps - IOS or Android?

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