Ah, sounds like I also didn't appreciate the lit. v. corporate differences either. Interesting insights, thanks.jkpolk wrote:Alot of corporate juniors dont do any of that pro bono/biz dev stuff. biz dev at v50 corporate as a junior is not happening unless you're coming from a business career or are otherwise connected as fuck (you went to an M7, your parents are rich/famous, etc.). pro bono is a tough sell because you can go 0 to 100 so quickly on actual work - biting off serious pro bono and then getting fucked when a few deals hit at once is a mistake you only need to make once.onionz wrote:I'm always curious in threads like this--are people posting hours based strictly on "paid" work, or anything the firm considers billable from an associate perspective? (i.e., pro bono work, writing alert memos or other biz-dev-y stuff). I assume it's strictly "paid" work, as the 1350 figure would be super low all in. For example, about 1/5 of my total hours are for pro bono and other biz dev items. As far as I'm concerned, if a partner asks me to do something, I'll do it and it's immaterial to me whether it's for a paying client or something else. But my firm also doesn't have any sort of target billables of any sort so maybe that's part of my misunderstanding.
First Year Missed Bonus -- Should I Be Polishing Resume? Forum
Forum rules
Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
-
- Posts: 421
- Joined: Thu Feb 23, 2012 11:22 pm
Re: First Year Missed Bonus -- Should I Be Polishing Resume?
- VulcanVulcanVulcan
- Posts: 196
- Joined: Wed Aug 04, 2010 3:50 pm
Re: First Year Missed Bonus -- Should I Be Polishing Resume?
What is “M7”?jkpolk wrote:Alot of corporate juniors dont do any of that pro bono/biz dev stuff. biz dev at v50 corporate as a junior is not happening unless you're coming from a business career or are otherwise connected as fuck (you went to an M7, your parents are rich/famous, etc.). pro bono is a tough sell because you can go 0 to 100 so quickly on actual work - biting off serious pro bono and then getting fucked when a few deals hit at once is a mistake you only need to make once.onionz wrote:I'm always curious in threads like this--are people posting hours based strictly on "paid" work, or anything the firm considers billable from an associate perspective? (i.e., pro bono work, writing alert memos or other biz-dev-y stuff). I assume it's strictly "paid" work, as the 1350 figure would be super low all in. For example, about 1/5 of my total hours are for pro bono and other biz dev items. As far as I'm concerned, if a partner asks me to do something, I'll do it and it's immaterial to me whether it's for a paying client or something else. But my firm also doesn't have any sort of target billables of any sort so maybe that's part of my misunderstanding.
-
- Posts: 33
- Joined: Sat Nov 18, 2017 7:18 am
Re: First Year Missed Bonus -- Should I Be Polishing Resume?
Business school (MBA) version of T14VulcanVulcanVulcan wrote:What is “M7”?jkpolk wrote:Alot of corporate juniors dont do any of that pro bono/biz dev stuff. biz dev at v50 corporate as a junior is not happening unless you're coming from a business career or are otherwise connected as fuck (you went to an M7, your parents are rich/famous, etc.). pro bono is a tough sell because you can go 0 to 100 so quickly on actual work - biting off serious pro bono and then getting fucked when a few deals hit at once is a mistake you only need to make once.onionz wrote:I'm always curious in threads like this--are people posting hours based strictly on "paid" work, or anything the firm considers billable from an associate perspective? (i.e., pro bono work, writing alert memos or other biz-dev-y stuff). I assume it's strictly "paid" work, as the 1350 figure would be super low all in. For example, about 1/5 of my total hours are for pro bono and other biz dev items. As far as I'm concerned, if a partner asks me to do something, I'll do it and it's immaterial to me whether it's for a paying client or something else. But my firm also doesn't have any sort of target billables of any sort so maybe that's part of my misunderstanding.
-
- Posts: 1932
- Joined: Tue Jan 19, 2010 2:30 am
Re: First Year Missed Bonus -- Should I Be Polishing Resume?
1350 is really low. I think you need to be hitting at least 1700 or 1800 to stick around next year. But the substance of your review is obviously great. I'd focus on hitting the ground running this year and getting your hours up. If you do that, I think you'll be fine.
- Cobretti
- Posts: 2593
- Joined: Tue Aug 21, 2012 12:45 am
Re: First Year Missed Bonus -- Should I Be Polishing Resume?
Juniors at my firm do plenty of business development hours, but that just means we're building a deck for a potential client or something, not exactly wining and dining them with the partners.jkpolk wrote:Alot of corporate juniors dont do any of that pro bono/biz dev stuff. biz dev at v50 corporate as a junior is not happening unless you're coming from a business career or are otherwise connected as fuck (you went to an M7, your parents are rich/famous, etc.). pro bono is a tough sell because you can go 0 to 100 so quickly on actual work - biting off serious pro bono and then getting fucked when a few deals hit at once is a mistake you only need to make once.onionz wrote:I'm always curious in threads like this--are people posting hours based strictly on "paid" work, or anything the firm considers billable from an associate perspective? (i.e., pro bono work, writing alert memos or other biz-dev-y stuff). I assume it's strictly "paid" work, as the 1350 figure would be super low all in. For example, about 1/5 of my total hours are for pro bono and other biz dev items. As far as I'm concerned, if a partner asks me to do something, I'll do it and it's immaterial to me whether it's for a paying client or something else. But my firm also doesn't have any sort of target billables of any sort so maybe that's part of my misunderstanding.
Want to continue reading?
Register now to search topics and post comments!
Absolutely FREE!
Already a member? Login
- jkpolk
- Posts: 1236
- Joined: Thu Nov 10, 2011 10:44 am
Re: First Year Missed Bonus -- Should I Be Polishing Resume?
Possible just a different mentality/focus re pitches between firms. It's true, it happens, but I think "putting together decks for pitches" is probably under 25 hours yearly per junior at the places i've been (with 25 being a generous upward bound). marketing department handles a lot of that.Cobretti wrote:Juniors at my firm do plenty of business development hours, but that just means we're building a deck for a potential client or something, not exactly wining and dining them with the partners.jkpolk wrote:Alot of corporate juniors dont do any of that pro bono/biz dev stuff. biz dev at v50 corporate as a junior is not happening unless you're coming from a business career or are otherwise connected as fuck (you went to an M7, your parents are rich/famous, etc.). pro bono is a tough sell because you can go 0 to 100 so quickly on actual work - biting off serious pro bono and then getting fucked when a few deals hit at once is a mistake you only need to make once.onionz wrote:I'm always curious in threads like this--are people posting hours based strictly on "paid" work, or anything the firm considers billable from an associate perspective? (i.e., pro bono work, writing alert memos or other biz-dev-y stuff). I assume it's strictly "paid" work, as the 1350 figure would be super low all in. For example, about 1/5 of my total hours are for pro bono and other biz dev items. As far as I'm concerned, if a partner asks me to do something, I'll do it and it's immaterial to me whether it's for a paying client or something else. But my firm also doesn't have any sort of target billables of any sort so maybe that's part of my misunderstanding.