Severance pay: I am worried about being laid off. Is severance pay the norm in consulting (MBB, OW, ATK, Strategy&)? How did it look like in the past? Any experience?

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

I think OP is asking for data points of how firms handled it in 08..

like

And to answer your question, my best friend was with MBB and he used to tell me that severance pay was very good. He was an SM though. Again, good luck!!

Maybe they mean EM?

OW: the max of 2 months or 2 weeks for each year worked

Related Posts

Hi fishes , I am working as an automation tester (python+selenium) , have experience in api testing. My current CTC- 2.8lpa
Yoe-1.5+
How much salary can i expect ?

Have an explorative call tomorrow with Amazon for a Sr Financial Specialist, Catalyst - FSI Angler. Anyone know the comp range on this?

likesmart

What’s the Global Annual Bonus and individual Performance Bonus like at Accenture ? L6 MC Senior Manager in HCOL US location. Heard the firm has been doing well, which is reflected in the bonuses?

like

Any reviews on OpenText Bangalore? And average hike% ?

like

Hi ,
I have an experience of 1.8yrs as a business analyst in wipro with 4lpa ,how much can I expect with an another company.

like

Hi fishes, I'm having below 2 offers. I'm little bit confused. Can you help me to choose one. Factors : career growth, work life balance. YOE : 2.7 yrs 1.Shell - Senior process data engineer (11+ 2L(variable) + 2.3L joining bonus (1 year) ) 2.Tiger Analytics - data science - python developer (14L fixed + 1L(2 year clause)) Shell Tiger Analytics

like

What CTC I can expect for Senior Test Engineer ( Automation ) role in BNP Paribas CIB
CCTC - 8
Experience - 5+ Years
Any suggestions would be helpful, also help with WLB , company policies and yearly hikes

like

I’ve been hearing a lot about pharma and working for a Pharma client in discussion of salaries here. Do people working for a pharma client make significantly more?

Hi BNY employees,

What was your last rating ? Hike % & bonus % of CTC ?

Provide your input in comment.

like
like

I got an offer from IBM earlier they didn't discuss the salary and directly sent the offer letter, now I have another offer which is 1.3 lacs more than the IBM's offer. Will IBM counter that offer and provide matching or slightly more than what I received from the other firm?

like

Accenture Can someone give me an idea of what an L9 vs L10 salary would look like for AFS Cyber? 1.5ish YOE, final interview coming up. Thank you!

like
like

My temp contract has been extended. I’m relieved to be able to pay the bills, but after giving 70-80 shots a day, I literally dream about giving vaccines almost every night! Struggling to keep positive about finding a new permanent job - I was laid off at the end of April, have applied to over 60 jobs, had 6 interviews, and no offers. I can’t go back to chain retail - it damn near broke me in my 20’s, and it’s much worse now.

like

Hi All,

What will be the In hand salary for this compensation in IBM Bangalore
YOE - 6.7 years
Technology - Salesforce Developer
Current CTC - 10

Thanks

Post Photo
like

How to discuss higher salary based on change in expected work hours per week

like

Congratulations!! You are getting that email, call and a meeting to announce the highest salary you have ever received in your career.

like

Do HCL revise offered salary or counter offer if other in hand offer shared?

like

More Posts

What’s an honest PM salary range for some Midwest cities? Minni, etc etc.

like

Narrowing down my first above $1k watch. What would you go with?
BB58 vs Omega Moon Speedmaster vs Grand Seiko snowflake

like

I'm 1 year out of college and recently inherited $400k and have another $120k saved up from internships and work.

I know the standard thing to do is DCA into an index fund/ETF but is there anything else I should be doing to invest my money and hedge against inflation. I'm just concerned with the political turmoil going on and trying to figure out what ETFs I should be investing in and how much I should be putting in every week.

How would you recommend investing the money?

like

Selling decent size mini fridge before I move out at the end of the month. $100 if interested

Post Photo
like

Please recent honest feedback/review about The Siegfried Group? I would appreciate your help to make a desicion ASAP

like

Husband and I have been TTC for almost a year. His semen analysis came back all normal with the exception of morphology at 1% (Kruger Strict criteria). Anyone have insights into morphology and it’s impacts on fertility? From what I’ve read and after talking to our fertility specialist morphology seems subjective.

like
like

How should I prepare for Customer Success Manager ? Please suggest..

like
like

Hi Guys,

I have 11 years if IT expe

I'm currently serving notice period. Last working fate is September 2nd week. Hardly one and half months left. Worse thing is I do not hold any offer yet.

Thinking of transforming my career to Devops line , I dropped my paper. I started learning and doing hands ons on devops

But I'm little afraid how to get placed in devops role. Will they recruit me ? Or will they expect genuine experience in devops line.

Kindly provide your suggestions and help.on this.

like

Effective Dating field in Object Definition

Happy Monday! Keep Learning!!

Available effective dating values 👇

#SAP #SuccessFactors #MDF #MetadataFramework #ObjectDefinition

Post Photo

Jumping off a related topic: am I delusional to not care about jr/int/sr level titles? I've been a "copywriter" since the day I started and steadily gained responsibility, autonomy, and money. Happy with career progression, always getting juicier assignments, work directly with ECDs/CCOs... am I missing something crucial? Is my case an anomaly? Or is it okay not to push for a title upgrade?

like

Hello Fishes,

Capgemini has new openings as below
If anyone interested and needs referral, please letme know.

Post Photo
like

As a data scientist with knowledge of Java, Python, and R, what are some interesting languages for me to learn? I keep hearing software people in my circles talk about Go and Haskell. Do you think learning one or both languages could be useful for my career?

Hi guys, I am MBA Tier 1 college passout. Currently working in Pwc as Technology Consultant. I have 2 job offers(CTC is similar) 1. Adobe - Value Consulting 2. Mastercard - Management Consultant Which job profile should I choose. My parameters are: First is good role Second is work life balance Third is market relevancy Please help me. Thanks in advance Adobe Mastercard Accenture Deloitte Boston Consulting Group Bain & Company McKinsey & Company Kearney and Company

like

Is $100K CAD a reasonable salary for a Senior Art Director in Pharma?

like

Which company would you most want to work at. Used to be the FAANGs for me, but no longer. I want to work at Stripe or Square.

like

I think the Rainforest Cafe takes the whole rainforest theme too far.

This one time I was sitting there eating my chicken tenders and they bulldozed 40% of the restaurant.

funnylike

Hi Fishes,

Can anyone please shed some light on the work culture at Autodesk India?
Do they have any extra benefits (apart from the CTC) in terms of wellness allowance, WFH set-up cost, wellness being offs or any coupons/goodies that you get.

This is for the communications department.

like

Tier 2 IR looking to move to facebook or google, what should i ask for ?

like

Additional Posts in Consulting

Currently in industry at 135k salary, poor healthcare, amazing wlb, a month of parental leave, work is okay.

Considering data science roles at :
return to Deloitte aim for SC in GPS
trying out EY GPS aim for SC
Gov job range is 100-120k and would need to negotiate up pto otherwise I’d for sure decline

-any perspectives appreciated

like

What does bench life look like for you?
For me a typical day looks like this
9 am- sign in and check emails
930-11 : look for a new job
11-2 lunch and nap
2-3 : sometimes meetings, mostly begging people for billable work
3-4:30 - proposal work if I have it or more job hunting
5-9pm family time and dinner
10-3am - netflix, videogames, cry myself to sleep

likefunnyupliftinghelpfulsmart

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

like

About to have annual comp discussion. What should I expect? Is there any room for negotiation

like

Can partners comment whether Pwc is having another round of layoffs. This is so scary! Shouldn't they rid of partners who can't sell first?! Or pause hiring? Opp. cost to find and train talent again?

like

My parents are coming from India in a few weeks. Any recommendations on a good health insurance policy for them to buy? Typically the policies bought from India aren’t very helpful in the US if you actually need to use them. Thanks!

like

How soon into joining a company can you gain paternal leave?

likehelpful

I know Mck is the top for strategy, but in terms of digital/design in top consulting firms which do you think is better? Mckinsey digital or deloitte digital? (Or another..?)

like

Can someone help with the base salary range for a 6+ years experienced finance professional with FRM and CFA certifications in Big 6 firms in Advisory practice?

Also, what should be the expectations for joining bonus during the current times?

like

Any staff level tech consulting roles open? Or are postings TBD/in the Fall?

like

I feel stuck as a Strategy Manager and want to make a career pivot at 35. But have no idea what i should do? Any suggestions, resources or books that I should read to help with my existential mid thirties crisis? I have experience in technology consulting, corporate strategy, freelance consulting and law. Do I go back to being an Attorney, or do I retrain and become a financial advisor or something else?

like

Lots of us are skilled at delivery but most sales books seem to focus on the pitch and closing... What are your best resources for learning to develop and nurture strong, lasting client relationships?

like

Hi all,
I’m currently working for a small technical consulting start-up firm. I make good money, have great benefits, and they seem very happy with the work I’m doing, so I know I could move up quickly. However, tech consulting is definitely not my dream job. I want to get into data analytics, and I have an offer from a big company to do just that. I’ve only been at my current company for about 8 months, but I don’t ever see myself loving this job. How do I know when it’s time to make a change?

like

Do you guys sometimes feel as though you have a lot of friends, and yet none at all?

like

Hi fellow 🐠 new to the firm (< 1 year). I've been on a long term project that I haven't enjoyed at all. Request for different project wouldn't be received well (continued)

like

Avoiding eye contact with everyone boarding the plane in order to maximize my chances of having an empty seat next to me bc obviously that's how it works... 🙏 Please Delta Gods!

like

What are some of the best books you’ve read about people and investing? Such as dealing with people (business psychology almost) and then investing (real estate more specifically)!

I am looking for books that give practical advice, not just big picture theory and motivation.

like

What the hell is PWC's human-centered design badge on LinkedIn that every intern and new employee posts? It's horrid but now I'm curious.

funnylike

Do any of the top consulting firms hire into the Engagement Manager level after an M7 (if they had manager experience elsewhere)? I know MBB probably doesn’t but what about other tier 2 firms after that - and asking for US or Canada

likehelpfulfunny

How to transition firms to MBB from Big 4/ACN when you don’t really have a connection there? Randomly connect with people on LinkedIn at the office you’re interested in and hope for a referral? Can I reach out to a recruiter at the firm directly there? Currently in Tech Consulting but wanting a shift in career path to strategy or tech strategy. Currently have almost two YOE and wanting to gain insight into the process and how long that may take

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