How do the pension benefits work for partners/principals at the big 4? Can anyone share details on vesting rules or calculations? I assume it varies from firm to firm…just wanting to understand the difference with what Accenture offers MD’s (401k, VEIP).

likesmarthelpful

What’s the typical salary / benefits package for a managing director at Deloitte (consulting, not accounting)?

like

My age: 42, Spouse: 53. Spouse retired. Current real estate value - $6 M (Net after loans is $4.5 M) Combined 401K/IRA accts = $1.9 M Liquid/short term assets: $250K.  Net Monthly income from rents $10K Monthly expenses $14K. $4K shortfall after rents Estimated future income: Spousal 401K draw in 6 yr (~$5K/mo) Spousal pension in 9 yr ($5K/mo) My MD pension - 9 yrs to vest, 16 yrs to draw- ~$5K/mo My 401k draw - 17 yrs - $5K/mo Options: Retire in 6 years, 9 years or earlier. Thoughts?

likefunny
Share this 🔥 post

Got an offer for MD role @ D - looking at 5 or 6 years until retirement, but D pension vests over 10 Anyone have any experience in negotiating vesting period?

like

Got an offer for MD role @ D - looking at 5 or 6 years until retirement, but D pension vests over 10 Anyone have any experience in negotiating vesting period?

like

Manager here in Big4 consulting. I enjoy the people I work for, and have an amazing MD and the best flexibility. I should be promoted to SM shortly. I don’t really care for my job but I don’t want to switch jobs b/c my situation is the best it will get (increasing salary and amazing work life balance). My plan is to stay at my company for the next 5 years, save money, get the employer match, and pension with no aspirations of making MD. Just me, or anyone else feel the same?

like

I want to buy a house with a pool but my husband thinks it is not financially sound and will end up being a money pit since we live in a climate where we can't use it much outside of 3-4 month summer season. We live in the DC, MD, VA area. We have three kids under 10 years of age and I think the benefits for them outweigh the costs. Anyone own a home with a pool and regret it? Why or why not? Did it increase or decrease your home value? Did it make it harder or easier to sell?

likefunny

I'm looking for a new healthcare related opportunity in the MD area (open to remote). I've seen a few roles, but noticed the lack of diversity amongst leadership at a few places. I also read some reviews that concerned me in that regard. Any suggestions? Where have you guys landed and do you like it?

like

Looking for someone who has insight on how to break into Life Sciences/Healthcare consulting? My friend graduated UG with a bio/life sciences degree and doesn’t want to go the MD/PA route anymore.

like

KPMG MDs: A few q for you: 1) What was your %raise when promoted from D. or Sr. D. to MD? 2) What special retirement benefits (pension/401k contributions changes) do MDs get vs. Director? 3) Is there a post-retirement health care benefit?

like

Big 4 partners, can you provide any insights into the Partner v MD decision when you were up? Were you given the option? Can you share the pros v cons, especially from salary and pension standpoint.

likehelpful

What is an MD starting salary at the Big 4? And what is the pension like compared to partner’s pension? MD worth it?

like

Anyone here involved in life science/healthcare PE/VC? MD working in consulting, trying to figure out how to make the jump and if there are specific recruiters I should try to network with.

likehelpful

Are there any special retirement benefits for a MD vs principal?

like

Hi fish, I have master degree in Public Health and a Bachelor of Medicine (oversea and MD equivalent), 1.5 YOE in consulting firm but not healthcare. Any opening now for entry level healthcare consulting? Really wanna go back to the healthcare industry.

like

Has anyone left US and moved to another country? What have you done with your 401k and other firm benefits(2nd MD, counseling etc.)

like

Is MD (Doctor of Medicine) pretty much useless if you don’t practice medicine? Are there any other fields where it is in demand like healthcare consulting, pharma etc?

like

Life / Career Advice: I applied to medical school since my MCAT score was set to expire, ended up getting into 1 program. I also have an opp to join a well funded/well established Healthtech Startup (6 figure salary w/ equity + benefits) as a BD professional. I enjoy the business side of things and am unsure if I would end up practicing Medicine (medicine is also a long arduous path). At the same time, having an MD holds a lot of clout/authority in HC. Any thoughts on what I should do?

like

I’m 20 weeks pregnant and just told my MD. Went great. I know I need to tell my team but am really worried they will judge me. It’s been a rough few weeks and I’m nervous they’ll say “well that makes sense she is pregnant”. I know it’s insecurity. But today someone said about a client “well she’s getting back from maternity leave she won’t really want to work” (woman said this btw). I know I shouldn’t care but I do. I am the lead.

like

Seeking referral to Microsoft for a healthcare position. Trained MD with healthcare strategy consulting experience. Please advise on how we can connect and really appreciate your help!

like

Related Posts

Need help 😔 I want to move to LA so badly but having trouble finding jobs. I work in the fed health space and have lived in the same city for nearly a decade. I honestly don’t mind leaving healthcare.

like

I’m between jobs, no longer have health insurance, & w/out a definitive start date. Really concerned what my options are going to be if I happen to get sick... anyone else in the same boat?!

like

Just turned 50 and allocated about 10% in my 401k to a long term bond fund which is already down 3% this year . I am not a fan of bonds especially with the current rate environment. Any suggestions instead of bonds to protect principal . Money market ? Target date fund ?

like

Besides pay/benefits, what are changes that happen when you move from a C to M levels? Do you have access/exposure to different tools that help you do your job/take on bigger responsibilities?

like

Things to do before resigning? Like, gym membership reimbursement?

like

KPMG US announces deep pension and 401k benefit cuts. And no raises unless your one of the few being promoted.

likesmarthelpful

Just joined D and looking at rollover options from old 401k. Are there any arguments against rolling over and leaving the old 401k as is?

like

I'll be joining the consulting world very soon and am thinking about getting a new personal credit card. My meal expenses are per diem so I'm thinking about the AmEx Gold card as it has 4x points on dining. I was wondering if anyone had any suggestions on personal cards for consultants and how to go about my corporate card as well! TIA

likefunny

What's everyone's thoughts on job hopping? How frequent is too frequent? Are there any benefits to frequent hopping?

like

Could use some structural layout help for a deliverable: Creating a one-page report that reflects a product offering, its benefits, and its significance (the ‘so what’) - currently only having multiple bullet points for each as the content, but think it’s not suitable aesthetically for a presentation. Any suggestions for how I should best format it for exec management? This isn’t a PPT.

like

My last day at my current job is Wednesday and I’m not starting my new job until 10/4. My health insurance ends on midnight Wednesday. What should I do for those 10 days in between? Seems ridiculous to pay for COBRA for only 10 days.

like

Is it true that McKinsey & Company professional development doesn’t get 401K match or an annual bonus? Just base salary and the profit sharing? Please confirm!

upliftinglike

I have 60k in Cash (High Yield Savings and Checkings accounts). And 60k in Investment Accounts (401k, IRA,Taxable, Etc). Have 2 investment properties. I’m 25, should I be more diversified? I want to make sure I’m capitalizing on my cash as much as possible. Should I be putting more into the Markets in stead of having so much cash?

like

What do you invest in if you’ve already maxed out 401k and HSA and don’t qualify for IRA?

like

Am I making a mistake? Thinking about signing with Strategy& and giving up my 2nd year bschool reimbursement ($80k) from my internship.

like

Deloitte 🐠 starting a part-time MBA this fall (Ross) and potentially have final interviews with D soon. Any chance for tuition reimbursement before 2 years of work? Good question for final round?

like

How do people feel about federalizing education. This would put teachers on the GS pay scale where federal employees with a bachelor's degree would all have a minimum salary and federal benefits.

like

What is Deloitte's tuition reimbursement policy? Can it fully fund a part time Masters degree in 3-4 years?

like

Has anyone heard of Kaufman Hall? What's the culture like? Reputation? A recruiter reached out to me about their healthcare practice and I can't find much online

like

Hey! — one of our portfolio companies in the healthcare space is looking for someone to build out its customer success function. Looking for senior manager/principal, healthcare exp required, dm me!

likesmarthelpful

Additional Posts

like

best books to practice quant questions for consulting and ibanking?

like

Got asked to move all hours of one project into another billable code under a different client. What does this mean? Curious to know if this would hurt anyone's metrics? Like the SM on the other side?

like

I just finished an art direction internship in LA I’m and looking for what’s next. I’m happy to stay in LA or move to NYC. Any leads would be appreciated!

like

Got an offer with Microsoft for L60 recruiter.Any idea on the salary ranges for the same and also around the work culture.Will help in my decision making.

helpful

WFH life

Post Photo
likefunny

New to DC - best coffee shops preferably with decent seating to work remote?

like

Any openings for manager or senior manager with 14 yoe

like

My background isn’t in marketing/branding/PR but I’m being thrown into an engagement for a small organization who has many different sub-brands. I now how to give them high level guidance on how to ensure their branding and message is consistent. Any resources/books you’d recommend I could crash course this on?

like

Stern/Ross/UCLA for MBB?

like

When you show up to client site and no one from your team or client team is there, how okay is it for me to wfh for rest of the day? No one tells analysts when they're taking PTO or wfh I guess 🤷‍♀️

like
like

Analysts who left in their 1st year either (voluntarily or laid off) where did you end up and how long did it take you? Consulting isn't for me and I'm obviously only eligible for entry level roles

like

Best SPG in SoHo or Chelsea?

like

Inhand salary for 7.8 LPA fixed in Accenture?

like

Just saw Baby Driver - very cleverly done and great tunes

like

Advice for finding client-side creative opportunities? Especially where I could work remotely? I know how to find normal advertising jobs, but I think I need a little break from this ad scene/culture.

like

363 words. Most in 10 pt. font. More than a dozen bullet points. Black text, white template. One. Single. Slide. Welcome to government consulting.

likefunny

How to fix the American health care system as a European: tell me where I’m wrong…

likefunny
Download Fishbowl to see what others are saying
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

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal