Partner Discussions
Benefits

What are the benefits of helping a Partner with BD a lot? Working on proposals and getting on BD calls every day for this new partner while fully staffed ... is this how you progress? Not sure how I should view this.

I finally received a home care license (took 5 years to get) and have a well thought out business plan that’s focused on healthcare trends but need my full time job to pay the bills. I am looking for a partner with an RN degree for my business but can’t find anyone interested in taking the entrepreneurial leap. Any suggestions on how to find someone interested in taking this leap?

On a call with a partner helping a F500 and he’s talking about ways to chop benefits costs and shift employees to cheaper healthcare plans that cover less and how to spin it as a good thing.

Considering buying a used car ($7 - 12k). Two questions: 1. Is this a reasonable price range given my financial situation? 2. Would it be better to pay in full or put down a large down payment and then do low interest monthly payments? Context: 23 yo, 82k salary, 28k in checking/saving, 15k in 401k/stocks, no debt. Monthly spending is as follows (1400 for rent + all bills, 300 for food, ~150 in Misc spending). My partner will be moving in with me next month so around $500+ in savings per month

To get to partner, which one helps more - focus on a Industry (Healthcare/Telecom/Insurance etc.) or focus on a hot tech (AL/ML/DS etc.). Which one enables you for selling more?

Would you take high risk / high reward consulting gig at a small firm? Comp is hourly and project based. Firm has a good foothold in the niche market. Offers lots of flexibility. But no benefits and since it’s project and hourly based it’s feast or famine. If you have a partner (spouse, domestic partner, etc.) and they had a stable job, would it change your perspective of taking the high risk/high reward role?

Received a job offer for an industry senior job that would be a $20K pay bump plus nice bonus and really good benefits (a lot better then my current benefits) and much better work/life balance. However, I was pretty much guaranteed to be early promoted to manager this year (in August). I don’t really see myself staying until partner so I’m trying to weigh out the pros and cons to help me make a decision.

Deloitte consulting partner vs Accenture principal. Is comp and pension comparable? SAP implementation.

I’m a solo practitioner with a focus on bankruptcy/restructuring. I’m in discussions with a former law partner (finance) about forming a partnership. We want to learn the best way to locate independent contractor/per diem associates with finance and/or bankruptcy backgrounds. Any suggestions? NY admissions preferred. Thank you in advance.

Anyone start a consultancy on their own? How was it? Looking at my rate, partner pension definitely soaks up all the winnings (not complaining, we are paid well), but I’d like to be the captain of my own ship and take more of the earnings.

My partner hasn’t been feeling well over the last couple days. Nothing severe, just slight malaise and fatigue. She told me she had contact with someone who was Covid positive but she’s in healthcare so that isn’t anything new. She was prepared. Today she was sent home from work and told to quarantine but has insisted on getting hugs and even coughed on me during one. We’ve been together for a LONG time. This is a pattern for when she gets sick but with possible Covid I expected more precaution

I'm curious- How much is the partner pension in Deloitte?

Hi all! i was trying to make a comeback to work from my Maternity leave..given the covid situation, initially was looking for some remote working options...I thought KPMG would support in the same as they have great policies on paper..!! My bad...😟
anyone else who faced a similar situation? What has been your experience..
your partner or hr actually support you to make this transition easier or u ended up with LWP for months!

Hi all! i was trying to make a comeback to work from my Maternity leave..given the covid situation, initially was looking for some remote working options...I thought KPMG would support in the same as they have great policies on paper..!! My bad...😟
anyone else who faced a similar situation? What has been your experience..
your partner or hr actually support you to make this transition easier or u ended up with LWP for months!

I’m a 5th year associate at an AM200 firm where typical partner track is 7-8 years. The firm is pretty hush re partnership likelihood, but I’ve always gotten good reviews, met hours, and even generated a little business.

That said, I honesty have no idea if I want to be partner. I don’t know what comp looks like, collection expectations, equity buy-in, or benefits looks like.... when is the appropriate time to ask these questions? I’d hate working another 3+ years for something I don’t want.

Partner at firm is looking to hire mid level transactional jr assc. Commercial transactional experience a must. Strong corporate experience preferred. 100 K plus benefits, downtown firm. Feel free to chat if interested. Should add its a smaller shop but in case anyone is looking of has friends laid off on the market.

Just made partner and my wife and I are expecting a baby. Curious if anyone has been in this position previously and how they did their paternity leave. For the record, my business practice is very supportive, but I am worried about metrics/targets in my first year too. Any insight (especially anecdotal) would be appreciated!

Thoughts on technology consulting SM who doesn't see partner track playing out going to a $1.5B PE firm to do tech strategy work as VP for both the PE internally and also for select companies under management.

Not much increase in base pay but 10-20% better bonus and similar benefits. Also an opportunity for carry but not sure how much.

Anyone have experience with exits for technology strategy folks to PE firms?

Why would a partner leave the Firm if they make good money and have a pension waiting?

What is KPMG's parental leave policy for partners versus employees (MDs and below)? Trying to plan life and figure out if it makes a difference to have a child before or after one makes partner in terms of parental leave benefits. Thanks!

I’m about to start up a licensed specialized home care agency, excited but very nervous I won’t be able to pay the bills. I guess that’s the case for any entrepreneur. I don’t have a partner. I kind of wish I did but haven’t found anyone with the same kind of drive. Any suggestions or thoughts on how to network and gain access to healthcare professionals in this age of limited access? Thank you in advance.

My partner has Irish citizenship and I’m American. We’ve talked about moving to Ireland. I have a background in healthcare analytics/data science. Anyone have experience relocating to Ireland and trying to find work in a corporate setting? Tips/observations?

First time home-buyer questions re: tax (or other) benefits.

I am looking to buy a house with my partner (not married). She already owns a home, this would be my first home (and it would become our primary residence).

Our combined income is $325k/yr (120k/205k for her and I, respectively) and we both have good credit scores such that either one of us could get a mortgage for enough to buy what we want.

What are the benefits of the mortgage being in one vs. both of our names? (CONTINUED)

Do big4 directors retire with the same benefits as partner or some other?

Ok rich or going to be rich fishes. I need advice on a 9-5 job vs freelance. My partner is the primary earner makes 400k all in including bonuses. Has a pretty steady job. Puts in 50-60 hrs a week. I earn 145k all in at steady 9-5 job. My job is less demanding. Probably 20/30 hrs a week. My question is if I should go freelance and using his benefits open an LLC. I might earn half the ant but can write off some tax stuff and free up time to put my hands on other things like real estate etc. cont

What does an Operating Partner at a PE firm make (base/bonus/carry/other benefits)? How hard is it to make that move as a big4 Manager/Senior Manager or is there another way in?

How much is the partner pension at Big 4 firms? How many years do you get paid for?

Anyone know if you can get partner pension at two places? Just came across a guy on LinkedIn who was partner at Deloitte for 10 years, now in year 7 at PwC

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 structures but curious if there’s a benchmark you use to think about it

Could someone at McKinsey explain this? My understanding is that the hierarchy at McKinsey goes from Junior Associate to Associate to Engagement Manager to Associate Partner and finally Partner. On the McKinsey career site, I see several position advertised as Consultant ("implementation consultant", "Healthcare Consultant"). Are these contract-based temporary roles? Or do these positions align more to an Engagement Manager level?

I grew up poor. I work in biglaw now. I just about paid off my student loans over the last few years. I saved a small emergency fund, and I’ll now have a good amount of extra money every month. I’m also maxing out my 401k contributions. I’d like to use the extra $ to set myself up for the future, but I don’t know what on my own and I don’t have anyone in my family to talk to about it with. How do you pick a financial advisor? Is it tacky to ask a partner or someone at work for a recommendation?

How does big 4 partner pension work? What is the calculation based on?

My partner is a PhD student, US resident alien, and Indian national who has been a student in the US for 6-7 years now. He’s struggling to find a tax filing platform which’ll allow him to report income from fellowships and PhD salary, and also claim India-US tax treaty benefits. Does anyone know where he can get started?

On paternity leave for next month. Also have a 3 yr old. Partner emails and asks if I have 10 hours over the next couple of weeks to work. What do I do?

How is maternity leave for equity partners handled at your firm? I’ll be the first female equity partner at my firm to have a baby (which is insane, but let’s set that aside) so there’s no policy at this point. I think the other partners are looking to me for suggestions, but I’m not sure what to propose. Would love to hear how other firms handle this. In case it’s relevant, I work at a boutique firm in Chicago.

Anyone in the UK here?

Looking for some FIRE tips. Current ‘waterfall’ is:

1/ Max out pension contributions (just under the new taper threshold so £40k/year) - mix of tracker and active

2/ Max our 3 year carry forward allowance on pensions,

3/ 20k/year in ISA (had paid into a LISA for one year but live with my partner who owns, so unlikely to use this for first home purchase; will wait until 60),

4/ Paying down mortgage before end of 5 yr fix, so we’ll be at 60% LTV.

Any tips beyond this?