What's the latest strategy& rumors? We having more layoffs? Is the overlord still mad at us because we didn't realize 200% revenue increases and displace McKinsey?

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

If you're planning to gain market share, you can't have your resources running on 100% billability. You need to have slack capacity to (1) do the biz dev work and (2) staff on projects when new wins above baseline (for on-par growth) come in. As you say, the opportunities lie in raising overall advisory quality to S& levels and simplifying the operating model to encourage more collaboration.

like

Sounds like we have very similar opinions. And they said we didn't get along over here.

like

To S&1 point, goal is to raise PwC to S&, not lower S& to PwC... However it's a blend, and in said blend the whole ends better off but the pieces are in a lower place. You can't have S& doing 7 month long ops projects (like I was in under 2 S& managers)... yes there will be exceptions, but we will price ourselves out when competing against Accenture who has strong blended rates with SDC teams. Strategy work is quick in and out, move on to another project or work stream... But can't expect to be staffed in the exact same project and same capacity for 6 months. That's the PwC way rubbing on S&. Sounds good on paper, in practice strategy work doesn't work that way. All IMHO so take FWIW.

like

Lol that was actually good

like

Have you seen the gray bags... close enough

like

No retention bonus this year? Heard they promoted pretty much everyone last cycle...

like

Definitely having retention bonuses. They promoted a lot but sent most pwc strategy people back to pwc and laid off a fair amount of newer hires and legacy Booz folks ...... allegedly

like

Sounds like folding S& into the mothership

like

Depends on industry, but from what I've seen, the legacy Booz folks tended to be the survivors. Really a matter of which partners called the shots (which tended to be the Booz folks). But with that said, the end goal should still be to push PwC rates closer to S&, not other way round.

like

There is so much back office / IFS it makes me sick

like

Lol- 😆. Love the evil overlord visual. Needs to have an all black uniform to convey that.

From what I've seen: hard to justify a mix of S& and PwC people on same project doing seemingly similar tasks (client doesn't care who does what, most of the time). In one of my previous projects, 2 S& managers commanded a premium in an operations-related Project that simply did not make sense. Matter of time until a shuffle occurred, esp for those PwC that were elevated to S& outside of Director/Partner level

Purge the non performers, re-evaluate target recruiting schools, maintain competitive salary + bonus... maybe we'll have quality to sell and then we'll be able to justify premium pricing.

I don't see why they don't do these things... I feel as if our advisory arm (consulting) is so bloated.

Ultimately, I would like to be (more) proud to have the PwC stamp on my resume, and would like the S& people as well. I have to believe it begins with campus recruitment standards and cutting the fat.

Related Posts

I’ve been thinking about looking for a new job, but given everything going on with the Coronavirus and layoffs, it doesn’t seem like this is a good time to start looking. What do others think?

like

What do you think of today’s (6/9) IBM major worldwide Cloud outage? Could it be related to the recent major layoffs?

like

Any layoffs in Luxoft , will there be any difficulty for bench employees

like

how many employees got laid off from zs in recent days and which job profile has been affected the most?

like

Are BAs comparatively safer than Dev’s when it comes to layoffs?

like

I got laid off today 🥲 would appreciate anyone who can help refer UX or product designer roles. 🙏

like

Am I more or less likely to be laid off if the economy tanks even more if I just started as an analyst two months ago

like

I’ve been on the bench with J1 for about 3 months. I was worried that because I couldn’t find another project, I would get laid off so I found J2, which pays more, is very meeting heavy, but I really like. I’ve kept J1 because I’m still on the bench doing absolutely nothing and getting paid. Thinking about looking for a role on a project with J1 that’s not along my career path but will allow for me to do work with no calls so that I can manage both jobs. Does anyone have experience or advice?

like

Was laid off in Sept. Unfortunately we will be seeing many more coming. It's what happens in a recession. Unfortunately I now also have my age against me. Not in a mentally good place at the moment.

Need advice - I've been talking to a Partner contact at a big-4 firm where I REALLY want to work. She sent my info to the managing partner in my city, but I haven't heard anything for about 3 weeks. Been playing it cool because I know these things can take time, BUT, I just got let go from my current firm. I have til 12/15 to find a new job.

Do I tell her my timeline is now a month, or is telling them I'm getting fired going to tank my chances of getting the job?

like

Thoughts on Veteran status and the ongoing corporate layoffs?

like

I was just laid off. I feel lost, feeling both pumped up for the future but pained because I was a high performing, straight laced, and by the book team member. Looking for Muslim leaders who are recruiting. Extensive experience in strategy and implementation of Data and RPA technologies. PMP and RPA developer certified. SQL, R, Python, UiPath, Agile, waterfall.

like

Is it just me or do 90% of the jobs being laid off by big tech sound made up? Many job descriptions with multiple bullet points that all kinda revolve around the same idea. One of my buddies works for a big IT company and literally just sits on meetings all day. No one really contributing to anything other than agreeing to whatever the speaker is saying. Are these kind of jobs finally being exposed? Six figure employees getting paid to sit and bounce ideas off each other?

like

It has been slow year. I started to hear there are layoffs going on in my group. I was wondering if there are signs your next? Also do you get an email to tell you are selected or something?

like

In big law going on 6 years and I’ve always met my hours, but lately, cannot get enough work to keep busy. It’s been slow for some time, but I didn’t notice because I was working on matters in other offices. Is it time to move on? Are people really going to be laid off for not hitting hrs?

like

I got laid off but due to the WARN act, I am still on the payroll for a while. If a background check is done to look at employment history, do they see my official working end date, or the day I am off the payroll?

I felt very good following Dana’s Town Hall. Having heard other networks are already facing furloughs and layoffs, did you feel as encouraged?

like

Should I negotiate a severance package even though it’s not in my contract and it’s not required by UK law?

like

Hi! 23 year old BDR here, got laid off from a seed stage start up - my first lay off ever, yay. surprised, sad, and lost now. looking for a remote SDR/BDR position now, my mom just started chemo so I can’t go into the workplace for a while and need to help her at home. If anyone can help with a referral or knows any open positions, please dm me. Graduated from UCLA last year, 3 months experience as a BDR for SaaS, hungrier than ever to sell and help my family out. Thank you!

likeuplifting

I'm genuinely sorry to hear abt the layoffs at AirBnB and my heart goes out to your coworkers who are affected. How can a company approach restructuring in a way that is ethical?

likeuplifting

More Posts

I need an alternative to syncron eyes to capture screens on desktop computers in my com sci class. We are getting windows 10, and I’ve been told it doesn’t work.

What are the travel opportunities for a functional consultant at PWC AC Banglore and also any info about moving abroad internally

like

Have McK phone case coming up, has anyone had feedback on why you haven’t passed? Looking to avoid missteps.

like

Any designers with ~4 years experience in nyc looking? Agency side but work is for a finance client. DM me for info and I’ll pass along books.

likehelpful

Best book you've read recently on personal finance?

like

Any idea about salary for game artist?

like

Does UBS renegotiate after giving a counter offer?
UBS

What’s the salary range for an operations manager at a startup in TO? Overseeing sales, rev, support, success, and a bit of other company ops stuff. Glassdoor has a big range so I decided to ask here for more insights. Thanks.

like

Any recent update on Celsius? With BTC price gained about ~10%, has Celsius been out of water?

like

The EA/Admin profession used to be a gateway for many people to get their foot in the door and grow into different career paths. For most organizations this is no longer the case. Do you see EA’s/Admins growing into different roles within your orgs? If so, what paths are taken? What steps are taken to get there? What I’d like to learn is whether our profession still has the capability to be a doorway or if others are seeing the same things I am; limited opportunities for development.

like

How are the ETL/BI projects at Kolkata location for PwC India ?
How is the WLB? Do they assign 2 or more projects simultaneously?

like
like

Would you say being a partner is more demanding than being an industry exec?

Partners, what were some life changes that making partner brought about. Thinking mostly in terms of pay increase, additional security of retirement...but interested in other impacts to your lifestyle

like

Partner 🐠 - what are some traits of top candidates for final round partner interviews?

likefunny

What has been more beneficial to your career and why: specializing in a service offering or an industry?

like

Anyone else feel lethargic and sleepy? I feel like I'm getting very slow and dull mentally and physically. How can I stop this? Work out? Eat more fruits?

like

Hello fishes, got an offer from KPMG Global Services, Mumbai as Consultant - SPI (within Deal Advisory).
Can anyone help me know the quality of work, work culture and wlb ?

Other offers I have -
ZS Associates - Business Operation Associate Consultant, Mumbai.
Quantiphi - Senior Business Analyst, Mumbai.

I've my eb3 priority date of April'19. In how many years could I possibly expect to get my GC realistically?

like

Cerner Corporation or Accenture? Which is a good company to join

like

Additional Posts in Consulting

How far in advance do you typically book a honeymoon? Also any recommendations are welcome for any all inclusive locations!

like

Someone reached out to me on LinkedIn about becoming an author on the side. Has anyone heard about such a thing?!? The person said she’s worked with 800 consultants writing their books and marketing it for them.

like

Female 🐠ers! What type of tights to y'all wear that are indestructible. Bought new ones and it already has a hole!

like

AML consultants: Anyone have CAMS? If so, do you have any study tips? And do you really have to send a copy of your diploma??

Thinking of picking up a tan blazer...worth it?

like

Best roommate prank you've seen/done. Go!

like

How does your firm measure utilization? I work for a small boutique that defines it as utilization = number of billable hours/2,080 and full bonus payout occurs at 80% plus.

like

Anyone have any recommendations for home office ergonomic desk chairs?

like

Is it worth interning at an investment bank during my MBA internship summer if I plan on going back to consulting afterwards anyways? It would be just a resume enhancer.

like

I had so many plans for the weekend, studying for a certification, finishing some work, writing a summary for my counselor, etc. please tell me tomorrow isn't Monday 😵

like

Does anyone know if things like jury duty or bereavement leave count against your utilization? I've heard it doesn't count the same way holidays and PTO do, but not sure how that is possible.

like

Anyone live at home right after college (while consulting)? Curious as to reasons why/if you feel it was a good idea

like

I just connected some dots and got a colleague off the bench and on some billable work. What a great feeling! 🤓

like

A week or so ago, someone shared a stacked bar chart of each MBB/Big 4 firm that highlighted the percentage of consultants that say they work 40, 50, 60 hours etc a week at each firm. I have searched endlessly to find that chart but haven’t had any luck. Not even on google. Does anyone know the chart I’m referring to?

like

What's the FSI strategy team like at KPMG?

like

Since we’ve all been working from home for months now, what’s the best office chair out that y’all are using for our long work from home hours? Looking to invest in a better one than my ~$150 one from Amazon.

like

Hi All,

Moving out of IT consulting to Product Management side in the next couple of weeks.
The new company I will join is an e-commerce division of a leading food retail group.

Any suggestions about books/ videos that I can access to learn the basics of the product side?

like

I hate it when someone says as discussed...and vaguely describes the task when you know for a fact they absolutely did not discuss it with me

like

Big 4 to West Monroe transition thoughts/experiences? (E.g. WLB, benefits, culture, projects, etc) TIA!

like

Any audio book recommendations to listen to when backpacking / vacationing?

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