Partner One

14166 members
Partner 1 and other Partners offer their sage advice.

Is buying in to partnerships still a thing?

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Stupid question - do Big4 partners receive pension for their lifetime from the firms? If yes then how do our firms afford it?

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Serious question. As equity, does it concern you employing individuals that live paycheck to paycheck? People that would do anything to keep their job first and foremost where improving returns to equ… more

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Any fish depend on Wells to meet their numbers? What are your thoughts on Charlie’s and Saul’s third party spending cuts? Is this temporary? Will it work or won’t work?

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likefunny
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What do partners hope to gain from an exit interview?

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Have an industry offer, good position, decent base pay but not a huge jump, narrow role. Currently at big4 with multiple PPMD support, broad role, but hate many aspects of the work. Can’t decide if I … more

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Practice has been growing rapidly but I’ve been in a rut as a few projects went on ice due to COVID, and have been swinging and missing on BD. In parallel, my Practice Leader has been crazy busy beca… more

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Can a client mandate that only vaccinated staff (and consultants) enter their premises ( once the FDA has approved a vaccine)?

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For those that love cars, what was your net worth when you decided to buy a $200-300k sports car? Trying to gauge when can I responsibly afford a dope sports car.

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I'm a 4th year Senior Manager managing a team of 4 senior managers, and then a pyramid underneath that, plus 4 scrum teams offshore. I sold $12M of work but that was just mostly extensions. I'… more

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Do you send your kids to public or private schools? Suburbs or downtown?

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Partners, is there a significant difference in what strategy partners earn vs advisory partners within the same firm; similar to the difference at below partner levels ? Think PwC vs S&, EY vs … more

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What’s the market sentiment now that it’s been over 5 months from the initial lockdowns and impact.l? What are your clients saying and their prospects for the next year?

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I have found myself stuck professionally. I pretty much embody the “digital” mantra of the firm, even before it was cool. I have developed and brought in new tech to massive direct $ benefit. My feedb… more

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Partner Question: If your top line monthly distribution is $100k, how much are you actually earning after taxes, medical, 401k etc.? I’d imagine the big 4 firms have fairly complicated state tax struc… more

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Are J1 visa holders ok to do billable client work? In the name of being trained, This seem to be a good loop hole to displace American workers.

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Anyone got the skinny on Alix consulting? Got pinged by a recruiter for an MD role in digital transformation He claims they compete with MBB and Alvarez. Thoughts?

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What boundaries have you set with teams and with clients that have helped you maintain sanity? How have they slowed or assisted your career?

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Currently being offered income partner at KPMG or director at Deloitte. I prefer Deloitte but they won’t budge to partner at this point. What would you do partners? Any advice?

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Once one is elected partner, how does buying into the partnership work? Do you get share in the profit after buy-in? How are existing partners incentivized to keep electing new partners when it dilute… more

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Would like to exit and I’m interested in travel, leisure, retail and consumer sectors. This seems like a bad time to exit into those industries - would you advise against it? FWIW I’m really sick of m… more

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Anyone willing to provide input on what is salary band/range of an MD in Deloitte/ equivalent in other firms?

likeuplifting
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Hello partner’s. How much would you estimate your net worth to be when you retire? If you have a target goal, what is it?

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Dear partners. I understand that you make a better margin with contractors. But in times like these, why do we start new projects with contractors while we have absolutely equally qualified people, ou… more

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ACN MDs: would you want me to tell you that I’m planning to (hopefully) jump to an industry director role after I make SM where you’re trying to get your foot in the door? Or keep my mouth shut about … more

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I am 40 this year and just made director. Was in industry for 8 years, post MBA but never joined strategy, a mistake for the short run In hindsight. Need advice on if it’s too old to make EP at some … more

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Strategy Q: We have a strategic strong hold in a specific region that is quite demanding, unappreciative and difficult as a customer. Their requests often take the product on a tangent as they have ve… more

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EY PPEDs, what are your thoughts on the Tech MBA program?

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Layoffs coming?

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Partners and MDs: Do you personally like it or find it flattering when young consultants reach out to you on LinkedIn to network? What can make a good impression vs a bad one? What would prompt you to… more

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How does retirement work at your respective firms for Partners and MD’s? Is there a pension plan for you or a buyout plan? Also if you don’t mind sharing, I would love to understand roughly how signif… more

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What are the best exit opportunities for partners and MDs if you want to get out of consulting?

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How bad is the case of personal vendettas in consulting? How do you go about fighting the same? Is the only option getting out of the current company?

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Partners: What is your take (and your firm’s take) on trump’s ban on H1B, L1 VISAs ? Objectively speaking, are VISA holders true value adds to the firm, country as much as it is expected to be ? What … more

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How much do you take home after taxes every year? Is it true it’s $500k+ a year? 😮

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First year dealing with K1s - How do you all deal with these when filing taxes (in a normal year when tax day is 4/15) given you get them after tax day? Do you finalize your taxes by 4/15, pay what y… more

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Deloitte and EY partners - do you have a minimum contract / project size that is allowed ? Or is it completely at Partner discretion ?

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Partners, what is your magic number (in terms of dollars in the bank), after which you intend to retire?

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Female partners ... is it really worth it? Is it really possible/doable?

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