{ "media_type": "text", "post_content": "So EY Advisory, Deloitte Advisory, Grant Thornton, etc have recently mandated 45 billable hours/wk, up from 40. Clearly this isn't firm-specific. Anyone have any insights on what's really going on?", "post_id": "59ebd730f21b4e00111d9b45", "reply_count": 42, "vote_count": 5, "bowl_id": "564a5cdb94887803001dd07c", "bowl_name": "Accounting" }

So EY Advisory, Deloitte Advisory, Grant Thornton, etc have recently mandated 45 billable hours/wk, up from 40. Clearly this isn't firm-specific. Anyone have any insights on what's really going on?

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Pwc3 think about this. Audit resource generally is utilized 100per vs advisory you have those work their ass off and those who warm the bench and take trainings. It all adds up to the cost of running the business. Firm needs to recoup that by making the staffed resources stretch a bit when they can. Also audit folks are required to charge 55 a week during their busy season. Having said that id rather keep myself productive weekly at stretch a bit for 45 across than to kill myself to hit 55 a week

Essentially that your career progression grinds to a halt after you leave PA. Im a senior 3, my friend who I started with left at staff 2 to become a Tax analyst in industry. Since then she’s since just a tax analyst and makes 35k less than I do. Most of us just try to survive to manager so 6 figures guaranteed till the day we die.

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They are just trying to make sure you hate your life.

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They assume you lie/are unproductive for 5 hours a week, so they make sure you give them 40hours if work, while they bill 45 and capture that delta.

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Do what I do...do 40 productive hours, bill 45

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PwC 2 pass the loud that you are smoking. Nothing has worse profitability than assurance.

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Woah that seems extreme. If anyone wants to split a referral bonus, RSM does not enforce such policies.

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Don't worry rsm1 your partners will soon copy it and call it workplace innovation

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I think you guys might be confusing top line revenue with bottom line profitability

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Cost nothing to work you. While expensive to hire.

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PwC 3 ditto, audits are often done on 70% discount

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Trying to get more out of the current employees

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Since when? In FSO Advisory, haven't seen anything about this

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Advisory practices are struggling to meet the profitability of tax and assurance.

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I honestly can’t recall when I’ve a 40 hour week.

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Nah PwC 2 is right...some particular jobs have huge profitability but advisory as a whole is less profitable.

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How is advisory less profitable? When i create the initial budgets for projects I'm instructed to aim for a margin of 40%. Audit really gets higher than that?

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Pwc3 the firm makes a bulk of its money from audit services. Even if advisorys margins are better it's typically less recurring and doesn't equal the amount that the firm makes off audit

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This did come out on the EY side at least in NY we had a meeting about during the office visits

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There was an email sent out about it in august

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It's 45 hours for the whole year

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I can recall when I billed 40 hours working 60 pretty readily though

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