{ "media_type": "text", "post_content": "What’s good utilization to be at? I started January 28 and have 98%", "post_id": "5e950b73004d45001a17f32a", "reply_count": 39, "vote_count": 10, "bowl_id": "564a5cdb94887803001dd07c", "bowl_name": "Accounting" }

What’s good utilization to be at? I started January 28 and have 98%

funnylikehelpful
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OP - Some of these idiots just spill out whatever first comes to mind. Your target utilization depends on your practice area and level. ITTS has 95% utilization for staff, 89% for senior, etc. The higher your level the less the target utilization is. Also some groups go by full utilization or effective utilization. ITTS goes by effective utilization. You should probably ask someone in your group about what is expected. Although given the current landscape while billing is still expected, I think there is a little bit of wiggle room since it's expected that we aren't going to hit our earning goals as a whole. Since I'm in Transaction Tax (SSL of ITTS), a lot of our time is based on M&A deals. Those deals have either died or have gone pencils down. I've still managed to stay around 70-80% utilized. But there will be a time where I'll probably not bill a single hour in the week. This week is lookin' like that so far.

helpful

Lmao who tf goes off full utilization? That would be idiotic.

funny

I’m at a smaller local firm, and in Tax. Our firm average is about 94-96% each year. I am one of the top performers and mine is between 122-135% each year. My point is that the firm average is more like a C average at my firm... you can “pass the class”/not get fired, but your bonus is not gonna be great. (Not sure what big 4 comp is like, but our bonus is based on utilization.)

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145% you're screwed at 98%

likefunnysmart

@assistant auditor-controller 1, I am SM1 moving to 2, and I had 90%. Depend on the size of your firm or the type of mandates you perform. I have people to manage, admin work and still perform this year after year. I am in forensic accounting btw

You’re fine. Utilization too high isn’t good too, people may doubt your efficiency

likesmart

Is this a real post...... c’mon man.....

likesmartfunny

This is also highly dependent on your level. The higher you get up the ladder, the more admin and BD time you're going to have. Being that you just started in Jan, I'm going to assume you had at least a week of no billable training time. Not fair to compare yourself to people who have been billable all year.

likesmart

98%???? Why not 100%?

likefunnysmart

This is also very dependent on your group. In our group the busy time is January-April and July-October, so thats when our utilization is the highest. Doesnt your group send out weekly emails with everyones utilization? Filter by your group/level and there's your answer.

likesmart

What about a weekly report with the chargeable hours of the previous week?

does it even matter

like

70-85 is typical based on staff level

like

Staff 1 at 96%

75 here as a senior associate

like

The only thing uve ever cared about is net realization % and net margin. If your utilization is low but you're bringing in money that just means you're multitasking and thinking about things beyond numbers that affect only you.

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In not in PA but I only work 5 hours a day approximately due to no childcare and I feel like I'm doing as much as I would be in a full 8 hour day. But I'm busting my ass in those 5 hours when it's crunch time.

I’m at 80

75 here

General rule is to be within 10% of your goal and then you’re fine. So at 98% you’re doing just fine.

I was 135% annualized. Yep I had a mental breakdown and now diagnosed with depression and anxiety. What O am getting at is do not overly worry about utilization rates - overly being the key word. You do what you can. Side note: EY expects100% utilization staff to senior. And I think 90% for managers or was it 100 too. I do not remember.

45%- and still making more €£¥$ Work smarter, not harder. 😉 🤔

Consistently at 75-80 in my past 4 years as an honorable auditor....am I getting canned👀

Yeah 98% since January isn’t good at all. From January you should like 150%.

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Snuck out of work. Turned off my phone. Just bought tickets for Avengers: Endgame. Fuck utilization

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Can't wait for the day when it's finally friday and I dont have to submit time!

likesmartfunny

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