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Hi fishes! Nagarro declined the counter offer letter ₹33,00,000 + shares worth 4.5LPA
I've 6+ yrs experience (mobile dev.)
Nagarro offered 18LPA. Initially I told HR for 22 but he mentioned 18 into their internal portal to their senior so after clearing all interview rounds I got 18.
When I asked the HR, he told me to accept it for now and bring the counter offer letter so they can revise offer letter.
But now they declined. Weird.
How does cognizant takes for project allocation?
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DM me for reference
Hello fishes, I have 5+ years of experience in logistics and online operations. I have worked for market leaders like Swiggy and Amazon.
Currently working with Amazon Last-mile at L3 for 3+ years. I am looking for a change in Delhi NCR. Could you please suggest something to me. Flipkart Myntra Delhivery Meesho Blue Dart Dtdc express limited Zomato Pvt Ltd
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Forgot to turn on cabin pressure....
All I want for christmas is client value creation!
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What's amazing is that the 75%+ margin gets diluted down to 11% by the time it gets out to the Street...
Precisely... we use our internal margin calculation to load our projects (i.e. capital charges, administrative overhead), but that doesn't include all the S&GA (i.e. marketing, corporate finance, R&D), interest, taxes, depreciation, and amortization costs on the income statement, which all dilute our net income / margin.
Not just you and also partners’ private jets too..you have to take that into the equation as private jets are absolutely critical for their survival
That’s what I figured. And honestly, ppl should realize sometimes private actually does make more sense.
My last company had two private jets that flew every couple days to our regional offices. Was great to be able to get on, fly out for a day of meetings, then fly back that night. Also a heck of a lot safer than driving 4-6 hrs through the middle of nowhere.
Point is, would you really want your C-suite/key execs milling around for hours in airports? Highly unproductive time at an hourly LCR I wouldn’t even venture to guesstimate as I’m sure the number would make me ill.
Pro
If you feel underpaid, feel free to start your own firm and sell directly to your clients
Chief
You’re COGS, and those numbers are gross margins; gotta cover all that opex and G&A baby. 😅
Totally agree, and this Accenture machine is well oiled 🤣👏🏿
What are you exactly? An anti-profit socialist?
OP, are you sure you are in the right career?
Rising Star
What's your LCR vs TC? There will always be a big difference, as Accenture (and any consultancy) has to pay for overhead in other non client-facing areas (e.g. HR).
Rising Star
Total Compensation (base + bonus + cash equivalent benefits). I believe these are included in the LCR.
When I was at Accenture, talking about our rates was taboo. At Slalom, it’s a regular KPI we track, which is crazy interesting to me. Weird how Accenture tries to keep those rates so secretive
That’s what we charge the client per hour so would that be different than LCR?
I get where you're coming from (I used to think the same as an analyst), but this is not quite how any of this works:
"Your" bill rate is not your own. It covers all sorts of stuff, including ...
1) Items that are also part of your personal cost rate ("load factors"). These account for such stuff as your company equipment, office space, corporate functions services, what it costs to train you, time your practice leadership and PL invest in you, etc.). The internal cost rate that your project pays for you is already significantly more than what you get paid directly.
2) Items that are not part of your personal cost rate as per the system but that the billings you generate still help cover (typically, project or account level non-billable cost). These may include (but are not limited to): non-billable expenses, account-internal PMO cost such as our CFMs, account PMO, non-billable leadership function, senior colleagues whose bill rates may be more in the line of 0.95% of what we bill to the client, plus other factors depending on contract (e.g. inflation if not covered by the client), etc.
In summary: "your" bill rate is not really yours. It's the bill rate of you + a share of everyone who's needed for you to do your job.
Relative to pt 1-
Like delivering our silver / gold security courses in completely useless cartoon / video game formats ... 😬
Or an extra monitor which has to be budgeted for a project, because why not... make everyone work crazy hours with stuff that can be halved time-wise just by having an extra monitor.
Pro
Welcome to the leverage model of consulting
Yep I worked in finance at a big 4 - they will pay a consultant $100k a year then charge the client $600-700k a year for that resource.
We get nothing back
😆
What’s your bill rate ? What’s your level?