More experienced PwCers: I'm an associate who got a top rating and a large raise during CRTs. How scared do I need to be about getting laid off?

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

You are being a dick.

like

I don't know what exactly is a large raise to you but if it is really large without a title change, I hate to break it to you, but you might have been underpaid previously 😀

like

If this is not a troll, and you want a nice answer - you're fine and don't need to be scared. Continue relationship development to build further security (more important than most people will admit) and the obvious, continue high performance/high utilization/reinvest w people who will be in your FY17 CRT.

like

@OP, I had a feeling that was the case, and especially if you're newer this all can be scary. @p3 if he or she got a 1 at FY16 CRT and isn't on the bench/ has high utilization and continued high performance he or she is fine with what I stressed above. Everyone has an example, an, 'I know someone,' they want to throw out there, and it's scaring people, when not all of the variables of the case or details are presented. Technically, no one is safe ever at any company, but if the things I mentioned are correct for this employee (high utilization, relationship build, and does reinvest with the right people this year) and he or she is a 1 from this year's CRT, the firm won't let him or her go... Sometimes people get bumped up promo for let go so they have a higher title for when they pursue other opportunities, and I'm also not convinced there aren't other variables in that scenario to be honest (eg how many years at that level just to name one)

like

Dick indeed

like

I just dived in barrier reef

like

Happened to me last year. Got a huge raise. Got laid off the following year (this year)...

like

PwC 4, thank you. Not a troll. Thank you. Watching the layoffs is terrifying and I had legitimately no idea whether I was "safe"

You are never safe, I know someone who is promoted and then let go

Oh welcome to corporate America

The firm isn't getting rid of its best talent (again unless other variables are involved)

Also OP - what group are you in ? If it's in my space, I'm happy to connect you to some solid senior leadership contacts

@PwC4 FS tech consulting. Thanks again.

For everyone who was laid off, I am sincerely sorry. Best of luck with the job search and best of luck to everyone still holding on at this firm.

Related Posts

Tax Senior here. I’m well liked around the office, I put in the hours and work hard, I haven’t had any dumpster fire projects, but I am a mediocre performer compared to my peers (not as strong project management, communication, not as confident). I just got told they’re firing me. Should I expect severance? Have other people been fired for similar? What did you do with your career?

like

Anyone know the raise amounts for BCG yet?

like

Currently 25 years old.
Goals:
* Own a home in a HCOL
* 2 kids (eventually)
* Retire at 50 on $125k/year.

Envelope math:
* $125k/year would require an investment portfolio of ~$3M.
* Targeting a $2M home (split with partner)
* 2 kids - $1M to raise both (including college fund, split with partner)
* $500K buffer for unexpected expenses
* 33% tax

Therefore, 6.5-7M retirement savings needed. To hit this (assuming 6% return after inflation), I’d need to save ~$110k/year.

How does this sound?

like

Looking for respectful ways to manage helping people in need of a job or seeking mentorship. I get 3-4 requests a week from mutual contacts asking if I can connect with a former colleague (always broad). Typically the ask is a 30-45 min call. I’ve been laid off, I know how hard a time it is, but equally am working long hours, parenting and want to reserve time for those I know. How do others manage these extra calls into their weeks?

like

How is VISA managing the upcoming economic slowdown? Any word of slowdown in hiring or hiring freeze? How did VISA manage employees during the Covid recession? Any layoffs occur then?

helpful

First year here. Do associates get fired for not meeting the billable requirements?

like

What are some reasons you’ve seen people get fired for? And how long did the warning process take, if any?

likehelpful

A CRO offerred me an internal consulting/biz dev role. They offered 145k TC (20% bump) and slightly better benefits. They also offered accelerated path (6mo to 1yr) to MC. While promotion to MC at my current company is at least 1 year away. The job is interesting to me and fits my careery goal. But my big concern is that I've only been with my current company for a year (this is my first job, post PhD). Would this affect my resume in the future in terms of being viewed as "job hopping"?

like

Not sure if this has been asked before but what are your billable expectations, what year are you, and what size firm are you at?

I have been lurking on fishbowl for a bit and it seems that my billable expectations at my small firm are too high (1850). I don’t hit them but neither does anyone else including senior associates / partners. Anyways, my boss is using that as an excuse to not give me a raise - so any insight you could provide would be helpful!

like

Hi all,
Looking for a career change, I’ve experience in project management, oncology, health promotion, engagement, inclusion and diversity and hoping to work for a pharma. Happy to relocate and would love some guidance and referral please 🙏🏾

like

I’m a WMCA that has been with Merrill 2 1/2 years and my current team 2 years and have never had a raise despite positive annual reviews. Fully paid by FA’s. Is this normal?

What's something you've seen a manager fired for almost instantly?

likefunny

Tax Staff 1, currently making 56k. You think it’s wild if I ask for 59/60 as a salary raise ?

likefunny

Self-Promotion Alert: In association with my upcoming personal finance blog, I have a draft of a blog post about paying off my car that I would love to get some feedback on

DM me if you’re interested

Recently moved to the US and will open a trading account. Which platform would you recommend? Looking for simple interface, low fees and promotion if available. Planning to trade semi-frequently (every second week / monthly) and invest 15k as a start.

like

How much is the variable/ bonus % that people generally get? And also what is the average hike without promotion?

like

Hi Sharks, What is the salary bracket for Assistant Manager and Manager level at KPMG India in Business Transformation Consulting service line ? What's is the Promotion cycle at KPMG India? Is it Assistant Manager - Manager - Senior Manager or Associate Director?

like

Hey everyone,
Is there any portal for IBM ex-employee where they can raise their concern or requests?

like

Due to a recent company-wide increase and additional pay for bilingual direct reports I am only making a dollar and change above them as their supervisor. I was hired into this position in March, having been the first employee in this department. I really tried to get them to budge on salary, they did not, but shortly after accepting they gave the whole company a dollar raise.

Any suggestions on how this might be addressed?

like

More Posts

Would it be too much of a reach to try to go for a financial analyst position if my only experience is in compliance tax?

like

Super scared to give me 2 weeks notice .. I might cry or something how do I do it? I LOVE MY BOSS and My team , but I can’t pass on this opportunity.. I’d be really stupid if I did

like

Where to buy good quality fancy socks without paying $40 a pair ?

like

How do you find in-house positions?

like

Help!! I am on the job hunt and it’s been more challenging then I anticipated. Are there too many people applying not enough jobs? Any tips ? Insights appreciated

like

How many round of interview happen for Schlumberger?

like

Off topic
My Accenture recruiter told me that in order to revise my current offer she would need to reject my current offer first and no need to worry on that part. Is this normal? Please provide genuine feedback.

For partners with kids ~13 and up. How many sporting/music events do you find yourself missing? I’m making it work with weekend stuff, but I know as they get older more happens during the week.

like

What are pre-MBA pay bands at MBB?

like

They started off fine but then turned LinkedIn real quick

Post Photo
like

Brillio is hiring. Please check the below openings. Interested people can DM me.

Post Photo
like

S & p global Hi friends, please 11 Love to my post to get direct message access. Thanks in advance. Johnson Controls , Inc. Coforge ltd S & p global Tata Consultancy Infosys Wipro HCL Technologies

likeuplifting

What is the appropriate amount of time to follow up with a company after they've verbally told you they would be giving you an offer? I don't want to look desperate as I know that's not great for salary negotiation but it's been a week and I really want to follow up!

like

Hi,

My Infosys application status shows "Review In Progress"(Yellow Color) ,but I haven't received any mail from HR for Submitting documents. When can I expect to hear back from HR? Also are there any chances of getting offer letter?

Like

0Comment
Share

like
like

What does the technical assessment at Wynshop go over?

like

Are therapists typically blunt? I just started seeing one and she made me feel uncomfortable. I wasn’t expecting her to be harsh and negative in her assessment of me.

likefunny

Do you think it is quite possible to get fired by asking too many questions as an experienced senior 1? If so, i might get fired after this busy season.

funnylike

Anyone else on here use the app ‘iFunny’ to look at memes daily?

like

Additional Posts in Consulting

Has anyone moved states and changed their home office / region? (Personal choice not project driven)....If so, what's the process? What approvals are needed?

like

I find myself struggling the explain things with the same eloquence as my colleagues. How can I improve my consulting speak? Any recommended books?

like

Anyone else delayed in Term A at LGA?

like

Top consulting firms right there!!

Post Photo
funnylike

Going to name our first son Del, thinking about throwing in Loitte as middle name. As in Del Loitte Jones. Thoughts?

funnylikeuplifting

Anyone know when the metal CSP card will be available?

like

My background isn’t in marketing/branding/PR but I’m being thrown into an engagement for a small organization who has many different sub-brands. I now how to give them high level guidance on how to ensure their branding and message is consistent. Any resources/books you’d recommend I could crash course this on?

like

Wanting to make a shift into strategy/mgmt consulting from HealthIT. Any good books out there to help prep? Looking for anything but preferably technical information to prepare for an interview.

like

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

like

How much severance should you expect after getting booted after 1 year. I got 3 months salary

like

Hey 🐠, what are your recommendations of books, articles, or practice tips to improve communication, both verbal and written? Want to be stronger at running meetings, pitching ideas, writing (cont’d)

like

Hello! I’m going to BSchool in August. Any recommendations on books / websites / videos to be more prepared for management consulting interviews?

Has anyone tried following a low FODMAP diet while on the road? Advice?

like

What are some movie quotes that you use regularly at the office that you wish all your coworkers knew?

like

Houston downtown JW vs Westin.. Thoughts?

like

Is January the longest month ever or what…?

likefunny

this baby next to me kept smiling at me every time she woke me up from my sleep in the plane. I just couldn't get mad at her innocent smiley face. 😀 #littlethingsinlife

like

Anyone from Cyber Security field? Is yes, what are you working on?

like

Can Bama just not win for once? Already annoyed that they’re in the CFP without a conference win.

like

Any recommendations for a work desk?
Not looking for something too big or pricey. Easy assembly / disassembly is a plus.
I see foldable desks going for $100. Any foldable standing desks out there?

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