Partners or whomever can help me understand about billing and hours. To keep things simple, let’s say you only have one staff to work 1,700 billable hours a year on a $60k salary and you have only one job that and the rate charged to the client is $300/hour and an projected hours budget of 1,700 hours. So ideally you would have revenue of $510k. If the staff takes less time partners make less money and if they take more time partners make more money while the staff keeps the same salary?

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

You posted this in two bowls, but look at the responses in the accounting bowl. The process doesn’t work like that.

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Yes, who else will make the money? Management and partners have to answer as to why we went over budget though as the client will want to understand. This is why both sides have budgets. You don’t want to go over the project budget unless necessary. And being under the budget isn’t good for us because we plan and forecast revenue for our business using our own audit budgets. (I’m only a Senior FYI)

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It’s like no matter what the firm wants the hours to be around the projected amount of hours assuming nothing done was out of scope. This creates the desire to manipulate hours by eating hours if “over budget” or even charging every minute if you might be under budget. It’s a game to get to the “projected” budget.

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What are your thoughts on pay discrepancies based on family structure? Ex. Two people do the same job but one is paid more or given a larger bonus “because they have kids and you live alone” or “because their family is struggling”. Is that an ethical factor if both employees do the same job at the same pace, quality, etc?

Currently working as a process engineer in switzerland (south east). Salarys and Rent are Medium High. Current salary around 80k. Trying to switch to sales (same company). Had a talk with the teamleader. He talked about the job and told me that they were actually looking for a junior sales (and some product management responsibilities ). That they are looking for a junior isn't to bad, because i have no experience in sales (customer contact yes, but no sales) What salary can i expect?

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Good day all!

I am interviewing for a FP&A Manager position in Proserv UK. Could you please disclose the initial salary that I could ask for?

Thank you in advance!

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Hey all thinking of relocating from Canada to Indiana. What is the average pay for an RN at parkview?

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I heard from my head that there is a lot of slowdown in VW Germany... There is Hiring freeze, level freeze and all ... And soon that will spillover to india. So be prepared for very less hikes in coming cycle :( Also automotive sector in general is struggling with tesla laying off 10% workforce recently. Maybe time to make a move? What do you say fishes?

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Hi everyone

I attended interview at amazon for l5 application engineer role ,they told i will be hiring for l4 as my performance was not upto mark one more interview round to go,what will be the salary range for L4 and L5 for an application engineer at amazon could anyone please tell me ?

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Whats the salary range for a senior analyst for a new joiner in nyc region?

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Hi Fishes,

Need advice,

I recently got laid off by PS and my notice period just got over,

I have offers from:

PineLabs,

HealthKart,

Recro,

Rojo Consultancy

All are offering almost same ctc around 19-22 LPA,

I have 3 years of experience as a backend developer,

working on Spring Boot, REST API, Java 8.

Any help is really appreciated,

Thanks in Advance 😅



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Can anyone let me know about average salary at Morgan Stanley for analyst position given I have 2 years of experience. TIA

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Hey Fishes,
What’s the default hike % and bonus we get in HSBC if we join in September for GCB Band 5 role?

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RSM 11/1 raises post your comp below

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2. Level
3. Performance indicator
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5. Raise at 11/1? If so how much?

Would you leave external audit for internal audit even if there is no base increased, just sign on bonus? Been having an awful year round busy season and I’m just done. I have heard from multiple sources that WLB is better.

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I am new joinee,Still unallocated.Can i get first month salary ?

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Full Stack .net Dev with exp 7yr. What type of work role can be expected from Infosys? What is scope of growth? And what could be the max expected salary offering?

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I want to build my career in analytics. I have offer from EY India, EXL and LatentView Analytics.
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If I don't consider pay, which company is the best to go for considering work and culture(peope friendly).

YoE: 5
Tech Stack: SQL, Python, Tableau, PowerBI

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Hi Fishes, I want one information. If a person serving notice period of 90 days, gets released from the project and comes to bench.
Do IBM decrease the notice period to 30 days for such employees?

Hi

Did anyone join EPAM Anywhere under this fixed ctc pay structure instead of Flexi structure? Please respond. I need small information

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Hi fishes

My package is 25.5 LPA fixed. Can someone suggest which tax regime would be better for me. As of now I do not have a home loan to claim tax benefit.
Also what could be the in hand salary in my case.
PF deduction : 153000

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Got so comfortable with being on my own that I really think I will die alone.

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Hello , I have accepted an offer from a UK firm , they mentioned that they will provide coc form to me and then I have to apply for a visa (they will reimburse the visa cost)
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Do you guys have any experience with applying for a visa ?

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Will I get the yearly bonus if i join in october ?

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Hi everyone, I will be highly obliged if someone can share the interview questions for data scientist/decision consultant role in fractal

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Hello fishes


Want to start my career in data science
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!!!!!! Help please

Thank you in advance

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Additional Posts in Audit Bowl

Typical % salary increase for promotion to senior?

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TFW someone tells you they quit and you can't discuss it because but damn is it going to affect next busy season...

likefunny

Just got a rousing pep talk from my partner about how being a partner in public accounting is the “greatest career anyone could ever dream of”. Feel like he’s still trying to talk himself into it, too.

funnylike

KPMG I’m interested in learning more about your AWA alternative work arrangements. Any success stories? When would be the appropriate time to request one? Are certain types more likely to be approved than others? What does a compressed work schedule entail?

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likefunny

Are budgeted hours as big a deal at Big 4? I've legit been asked why I charged 8 hours one day on a client I was assigned 40 for the week. It makes it difficult to hit utilization targets too

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EY just announced that they will not be paying year-end bonuses due to the current economic climate and uncertainty. Do you think other companies will follow suit?

likehelpful

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likefunny

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To GT folks, what is audit PMO, financial transformation service line do?

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