Now that the "standard" promotion timeline from undergrad to Manager is 8 years at Strategy&, I'm not sure why anyone would choose to join. Curious - are undergrads not aware they'll be 30 before they make manager? At this point, promotions are faster in industry and with less work. I feel sorry for our new joiners.

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

The fact that people are focused on number of years rather than the skills actually needed to be a manager tells you everything about the problems we are seeing with today’s workforce.

like

Industry promotions are title inflation. Also their salary increases are much lower for each promotion compared to consulting

likesmartfunny

This is not true

likefunny

Are you a DL? Feel free to send me a DM and I can send you the ppt slide from HR

8? How is that possible?

With 3 years at A and 4 as a SA that's still too long. I can't imagine adding another year to either level

like

Why would I cry a river? That’s exactly what I said… multiple times above. Clearly a skills issue.

like

This is not true. I've been seeing the S& group has been promoting people faster than PwC non-S&. 1 yr to Sm, and 1 yr to D. dont know how but i guess their sr partners have more weight in the 'informal' decision making when allocating promotion slots

funny

It’s cute, only when you know that they added SM level in the mix not too long ago (like 6-7 yrs ago?). It used to be M to D and Pr (non cpa partner)

like

8 years of professional experience is nothing, and AI will make it change so much more significantly

like

I did two years at analyst, two years at consultant, then three years at senior consultant.

Another year at consultant wouldn't have been a particularly big deal and I am not sure it necessarily would bother me what my title was so long as I was being paid well.

The pay in consulting was significantly higher than industry then though that came with significant travel and a lot more hours. Living on the road however helped me pay off student loans a lot faster.

like

Sorry, what does Manager mean for Strategy&?

I'm at LEK and it's a 4 years to C, which is one post-MBA level, and then 2-3 years to make M, so it's similar.

M is a 2-3 role, then it's 1-2 years as Principal before making Partner.

M1 for us is 241k base

Can confirm this is true (7yrs) - spent 3 yrs at the associate level / 4 yrs at the SA level because of homegrown pathway - was up for manager but didn’t make the cut (despite having 100% ratings) and was CTL this year without warning because my DL and I were not close so they did not want to / have to go up to bat for me like their friends - sure there are the occasional 1 offs that speed through the ranks and play the game perfectly

This isn’t true. Rather, it’s a very oversimplified version of the truth.

—you are not talking about strategy&. You are talking about legacy ESV. The other strategy& groups don’t have this restriction.

— This (undergrad minimum) was our policy pre-Covid for all strategy&. Only sa1A to SA1B is new(ish) and it’s only for legacy ESV

- these timelines change every 2-4 years depending on business conditions. And,, shocker, business conditions are terrible. Especially in ESV-strategy& (minus 1 group) for the last 2 years

- a lot of this is a consequence of promoting everyone who could breathe a few years ago, ending up with poor talent at SA and M — which we have finally, finally managed out.

- “standard” is not “minimum”. I’m glad they’re reminding Directors and Partners to not just promote people left and right.

like

It’s happening there too? I guess too many cooks!

Related Posts

I found out a soon to be 2nd year associate got a 10k raise making his salary 110k now, while I, the soon to be 3rd year associate got a 2k raise making my salary 107k. So now the 2nd year male associate is making more money than me. How do I bring this up to the partners?

like

I work at an agency and I'm about to be promoted from senior to lead designer. What do you think would be a fair % of salary raise?

like

I am looking forward to HR round for Macquarie Gurugram. All rounds went well except for numerical reasoning section in psychometric test. My yoe is exactly 8 years. My current CTC is 16.2 and expecting raise in current company in 2-3 months.

Q1- What is the maximum I can demand in Macquarie in HR round? Initially, before interviews started, I mentioned 27LPA (negotiable). I have a past offer (not current) of 25.5 LPA.

Q2 do they decline offering in case we get adamant abt high salary 27Lpa?

like

Just checking in… How was your review? Did you get a raise, bonus, both or neither? How are you feeling about your job going into 2023?

like

3rd cycle A here..... What are the chances for 4th cycle promotion?

Post Photo
likefunny

Hi JPMorgan Chase

I got mid year promotion to a 601 level. What can I expect in terms of hike and bonus in the year end?

like

I feel like all of my friends who work in tech are very open about their starting salaries and the increases each year. I am going to work in public accounting and I feel like when I look up how much I will make after being promoted or early promoted it’s very cryptic. Can anyone tell me the standard salary % increase in PA after your first, second, third promotion?

like

Newly joined in Birlasoft, I could not find IFSC code in personal details and other details are missing in myworld.
Please advise what should I do ? Should I reach out to Hr Or raise a service now request?

So I was offered a role in Strategy Consulting in after 2 years in Risk Consulting however, after 2 years I’ve only worked on Internal audit engagements few ad hocs such as updating risk register and the delegation of authority matrix.

Honestly speaking I am doing good and I am up for promotion in October however I am not fully enjoying my time but I fear that the move would not be a good and I can’t hit the ground running which scares me.

Any advice and past experiences in such career shit?

like

Curious what’s a fair salary in MA? Was just told that there is likely not going to be a chance for a raise during my upcoming performance review due to my salary already being “above average for the industry” based on my employer’s questionable research. I’ve been with the company 8.5 years & am the only one in my role, which they can’t operate without. I execute tasks from two investment advisors and two financial planners - they make the decisions of what should happen & I make it happen.

like

Any Accenture UK consultants here?When does the performance cycle start every year? Ill join in Jan and they promised me a promotion after first year so wondering if I can still hit the annual targets

like

Partners, till what age can an SM realistically hope to be considered for Partner promotion?

like

Hike expectations for someone who got mid year promotion ?con to scon

like

Hi guys,
What's the annual hike at band 601 in CB LOB. How much time it takes to get promoted to next level 602. How much will be the annual bonus at 601 level & percentage hike we will get at the time of promotion.

like
like

NYS
I work for NYS, I have been able to get interviews for the next step up position, I'm currently an 18, I would like to move to a 23. What are good interview strategies to use when looking for a promotion.

like

I've done so well in this new role within the company that they are hiring another person to assist with what I do. I've voiced to my boss that I'd like to manage this department and they indicated that this is the thought for the future. Now they are asking me to train this person while I have my plate full. Is it wrong for me to expect either a promotion or to be paid to train this person?

like

What would be the hike percentage for getting promoted from Associate consultant to Consultant?
Will I get the promotion percentage + year end cycle hike percentage (let's assume that I am getting 3 rating) or just promotion percentage?
YOE : 6+

like

What is the average hike provided in Reliance Jio for an employee who is already at market standard and at Manager position. Consider he rated top in a fiscal year with no promotion? Please consider 4 year average while answering if possible.

like

I work at a mid tier firm in an audit group of ~20 people. We’ve recently had two seniors and a manager leave, and I just found out another senior with a ton of big jobs is leaving in three weeks. I also just found out I’m being promoted to senior with a raise of 10%. In light of all these departures though, I kind of want to ask for more.... should I? And what % raise is appropriate? Any insight appreciated!

likefunny

More Posts

Anyone from Deloitte SCNO here ?

Any one from corteva project? Please DM or comment

like

15 days left for my joining but I did not received anything about onboarding, when do they send mail for this?

like

Hello Team,

GBT team inform to submit the card details for travel and hotel booking. When I am trying to submit the details getting some issue like enter your RSA securid passcode as well as help me how I can login into concure application.

like

Will there be any title changes on the HR system or even internally?

Hello,

I am looking for a job change and feel that I don’t get enough interview calls as my notice period is of 3 months. Every company want immediate joiners.

What can I do here?

TOYE - 10 years
Skill set - RPA, UiPath, C sharp

like

Everyone, please start book marking your nominees for "Fishbowl Thread of the Year."

Planning prizes (gift cards?) for 1st/2nd/3rd place by most votes on 1/1/2021 12 PM CST

My money is on the "Singles in Consulting" bowl having some juicy stories.

like

Realized I like to sit cross legged while I work and my current chair doesn’t have enough room for that. Anyone have chair recommendations? Flexible on price

like

This group is dead - Partners definitely are boring

like

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

like

Has anyone jumped from audit in Canada/US to the UAE recently? I was chatting with a mentor and they said, you get paid significantly more, and you aren’t taxed. Checked online, the salaries are probably 20% higher - not worth the move IMO… Anyone make this move and can share their experience?

like

Hi all! On 28thjuly, i completed my managerial round at Deloitte and HR responded that she will update by EOD or Friday. But i haven't received any call yet. Can anyone let me know how many days will it take for HR to call to update status of Managerial round?Deloitte

like

Old coworker/friend wants to hire me for a freelance project. Anyone have any idea what kind of number I should charge her? I want to give her a good price, but don’t want to underestimate the work.

Any books/resources to understand the ML algorithms with the maths behind it?

like

Does anyone here know of a good resume/cover letter proofreading and optimization service? Looking to get mine professionally checked and would greatly appreciate it if anyone could share their personal experience. Thanks!!

like

The place I'm interviewing with is asking for a writing sample. If something is public record, can I use it without my current company's permission?

like

Today, my entire class stated they do not feel comfortable working with the school's instructional coach. How can I, as a teacher, encourage them to open up and receive helpful strategies and help with their homework if they are not comfortable? Any suggestions? I don't have time to assist everyone.

like

In-house agencies of LA/OC?

Wonderful
Boeing
Disney (Yellow Shoes)
Beats

I’ve been looking for a comprehensive list but have come up short.

like

What do you guys think about BitTorrent ?

like

Additional Posts in Consulting

Fish who have sold clothes on apps (eg, Poshmark, Mercari, etc) - how long was it from your first listing to your first sale and what’s your estimated sale ratio (items bought/items available)? I’m just getting started and want to be realistic 🤗 (I know I won’t sell everything in my closet). Any tips on getting the first sale and how to prep for shipping? Thanks!

like

Has anyone ever taken short-term disability for an arm injury (e.g., broken hand, torn rotator cuff, etc.)? I’m feeling guilty about it for some reason but don’t see how I can reasonably perform at the same efficiency level. Looking for tips or lessons learned on discussions with HR, leadership, mentor etc.

like

So help me god through this sickness

like

Accenture IBB Consultant salary range?

like

Can someone explain what risk consulting is... Don't quite understand

Can you backdoor Roth every year? Or do I build up my ira account and then backdoor one time?

like

Best advice for new analysts or graduates?

like

Does EY reimburse for internal travel? Eg team meetings ? About to join EY and may have to travel in the first month. Also, is driving an approved mode of transport and get mileage reimbursement ?

like

I work in SAP consulting and I am currently a Manager. I want to work for Google and move to the Bay Area. Can some one please tell me: 1. What skills should I study for? Do I need to get technical? Learn SQL etc? 2. What is the right way to apply and maintain the salary band if not make more because I definitely cannot afford to downgrade 3. What job titles should I be searching for that can leverage my SAP functional skillset? Any help would be IMMENSELY appreciated! Please guide me.

like

I recently joined a new consulting gig 1 week ago, if I leave now for a new Industry offer, do I need to disclose it for my background check and employment history? I have no project lined up yet.

smart

Fishbowlers - do you book your vacation and ask for forgiveness later, or ask for the green light from your PM and then book?

like

Advice or Book recommendations on how not to get bothered by others/ friends/ peers? What they think or what they do!
Been struggling lately

like

Can someone share with me Avis car rental or enterprise car rental discount codes ?

Currently on a secondment so don’t have access to my McKInsey one (phone reset and lost it)

Please and thank you :)

likefunny

I feel like someone from Deloitte should warn them what a bad idea this ad is... WARNING: it’s a bad idea.

Post Photo
likefunny

At University they should teach us how to do excel after having lunch and 6 pints with the team :/

likefunny

Any book recommendations about human psychology / thought processes?

like

Have any of you worked with team members / managers who take your work and sell it on, like it’s theirs to the broader stakeholders. How do you navigate around that?

like

Just starting out in consulting as a technical analyst...any book recommendations

like

Books to learn more about how to drive sales in consulting? Any recommendations?

likehelpful

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