Tell me what you know about partner pension for Big 4 and MBB.

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Are there benefits to being an analyst (non partner track and non client facing) at MBB? What are typical exist opportunities given the lack of exposure to strategy?

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if there's no pension anymore and a significantly lesser lump sum payout, why become a partner at EY?

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It was really late at the client one night and the partner was going to order the team dinner but said we had to deduct it from our per diem. This feels extremely cheap. Am I right or is this normal?

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Are there any benefits to booking a Skyteam Alliance partner airline? Currently delta platinum and would like to do a trip with my sister (no status) to South Africa

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Are the salaries/benefits different between a partner and principal?

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Question for big 4 partners/Managing directors. Is becoming partner or MD a choice or if partner role is not available an employee accepts MD role? Also,are there any post retirement benefits for MD?

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Question about EHE.... is this only for a PwC employee and not spouse on the same work health insurance ? Isn’t your partner covered??

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my partner and I just negotiated for more $$, more PTO and dog care reimbursement during production! THIS IS THE FUTURE!!! 💫

likeupliftingsmart
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What are the benefits of being a partner besides title and money?

likehelpfulfunny

I don’t get some firms’ org chart. Its all jumbled. Wouldn’t it make sense to organize by industry then functional? (E.g. Corp Strat Partner, HC Partner all report up to a [Healthcare] Partner)

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Partners: how much exactly is Partner pension? This is my main motivation for staying in consulting. Is it the average of your highest 3 years of earnings as Partner? Is it the same at EY and Deloitte

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Looking for insights on GT Partner/ Principal pay in the Northeast (preferably Advisory), pension structure, sales targets etc. Any information will really help!

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My little brother is traveling on an AA partner airline. He booked his own tickets. At the time of check-in, would he be able to use my frequent flyer number to get platinum benefits (upgrade)?

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Anyone work in offering development as an offering lead at Deloitte? Can you talk about pay, benefits, advancement opportunity? (Can you make partner). Also, how are these roles funded?

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Anyone know what the PwC partner pension plan looks like for fully vested partners (I believe 20 years)? I had heard it's 50% of final average pay of highest 4 years but curious if anyone knew

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Partners at big 4, when do the pensions begin paying out? ie if you have been a partner for 10 years at 50 and retire when does the pension start paying out?

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What does the average pension package look like for a mediocre tax partner retiring from a big 4? Let’s assume the person was a tax partner for 15 years in the southeast.

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Partner pension @ EY. Did it change over the last few years? What did it change to? Worse?

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A1 > A2 - 2% raise. VC - 2k. Obviously there isn't any overtime or a stock purchase plan at KPMG. 401k match is 4%. Partner says I'll get promoted next year if I keep up my production. Cont.

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Hi all- new to fishbowl. Not really sure how to use and explore the app yet but I saw this bowl and figured I would introduce myself. I am a wholesaler for 401K and I am able to partner with advisors who currently uncover 401K opportunities or are looking to learn how to. Reply if you are an advisor in the NYC area and interested in learning about how to expand your business.

likeuplifting

Does anyone really believe these “partner pension plans” / pyramid schemes will really last for a few more decades?

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Deloitte 🐟 - thoughts in the benefits of being MAD or partner?

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Been working in 401k service about 8 years, looking to go indie as a consultant. Any FAs here partner with consultants or thoughts on my market, particularly in light of DOL rule?

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Can partners retire before the mandatory retirement age? If allowed and a partner does retire early, what impact does that have on pension, healthcare, and other retirement benefits?

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I've heard a couple of things about how the partner pension amount @ PwC is determined, both similar in approach.

Both calculations I have heard of result in an annuity paid until death, at which point a surviving spouse (if any) receives the annuity.

The first calculation I have heard is that you get 80% of your highest earning year as a partner (e.g. If your best year was $1M, you'd get $800k as an annuity).

The second calculation I have heard is that they look at your three highest earning years as a partner, and take the second highest and you get 100% of that. (e.g if your three highest earning years were $1M, $800k, and $1.2M, you'd receive $1M as an annuity).

Is ANY of this true, or just all rumor? Any PwC partners that can chime in and explain the pension plan fact for fact? Perhaps with sample numbers?

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Don't want to complain about my raise but the partner must think I'm a moron if I'm going to fall for the "look at all these other benefits we offer" speech 😂😂

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How does the Partner pension system typically work? What I've heard second-hand seems too good to be true (or at least actuarially unsustainable.)

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What is the "new" EY Partner Pension max fully vested benefit for those who join the Partnership today? I keep hearing it got "gutted". Did it really?

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I heard the EY Partner Pension has changed for new and future partners. I'd that true? If so what is it? I know it was full vest maxes at $400l per year

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Curious about this whole partner pension thing. How does one become fully vested? And, if you reach partner at 40, how early can you retire with a pension?

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The Partner Pension is the most underrated Big 4 feature out there. Make $3-400k per year from 59 until you die on top of your savings Roth/401(k)/investment income/social security? Dam Son. 🙋‍♂️🤓🏅

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Hey partner 1, what is the retirement benefits I hear Partners get?

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How is PwC'a partner pension plan? Heard you get a certain $ amount every year after 10 years of service. Is it the same for other Big 4?

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If yoy have an emplyee pension and are promoted to partner, do you get to collect both when you retire?

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What is the KPMG Managing Director and Partner "fully vested" pension benefit at retirement, say 58? I have heard at EY Partner pension can be $400/k per year.

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Deloitte people - do we have any benefits at USGA events like the US Open? Saw we're a partner and was wondering if we have a tent (or the like) at the 2017 US Open in Erin Hills, WI

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Ever wonder how much more you would make if your firm didn't have a partner pension expense?

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Who has real insights into the financial benefits of equity partner (e.g. How often are you paid? Is there pension?)?

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I just got back from maternity leave last week and have a meeting with hr/partner tomorrow. Am I being let go?

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Related Posts

Are there any account roles open that aren’t in Pharma? Seems like every AD post I come across is to work on healthcare

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Hello, I've been working as a Healthcare Consultant for over 4 years now & I am currently a Consulting Manager near the Philadelphia area seeking an opportunity in NYC. Anyone know anything avail?

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Between two offers, "Associate Principal" for m&a consulting in the Healthcare industry vs a Director at a F300 company doing M&A and Partnerships. Consulting pays about 50k more. What does the future look like in consulting? I am a bit nervous jumping from from "industry side" to the "consulting side".

Hello there audit folks! Anybody considering a shift to financial due diligence? Happy to discuss opportunities at EY, please DM me if interested. We are really looking for folks with healthcare or tech experience and can move extremely quickly during the interview process. I've been in the group for years and transitioned as a senior so can share the positives and negatives.

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Salary range and insight into benefits at Guidehouse for managing consultant? I’ve had 2 interviews so far and am looking to get more info into TC, culture, WLB, etc.

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Any insight into the Oracle Healthcare Program Manager position?
Currently a Senior Clinical Consultant with Cerner with over 15 years of program management experience. Looking at what the comp of a manager is. A referral would be nice too.

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What is comp like at a pension fund?

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Can someone explain how to maximize the 401k employer contribution -- by when during the year should I have invested the full $18k to get the 1.5% match?

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EY people- Is there a big difference between Director/ED benefits vs Associate Director?

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How do you sell the benefits of managed money to your clients?

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What’s the general guidance on the order to maximize retirement contributions for tax benefits for an normal individual and for a self employed/small business owner before moving to taxable accounts or alternate vehicles like cash value life policies?
I’ve seen for individual: match trad 401k->match roth 401k->max roth IRA->max trad IRA->max trad 401k->max roth 401k->max HSA
For self employed: max SEP IRA/solo 401k->max roth IRA->max trad IRA->max HSA

Of course situations differ but in general?

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Hi all,
I was made aware that I could work for consulting companies under a personal LLC and increase the pay received. My understanding is this is because I would have to pay my own insurance, benefits etc. Can anyone provide any additional details or literature on this?

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Does EY reimburse for internal travel? Eg team meetings ? About to join EY and may have to travel in the first month. Also, is driving an approved mode of transport and get mileage reimbursement ?

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Working for Deloitte. To preface I’ve been an FTE at large insurance/healthcare companies for over 10 years. In process of interviewing for a “Senior consultant role” location TN recruiter is asking for salary but won’t tell me what range is. Can someone provide me a ballpark figure working in cloud. Also would you consider this a step up career wise? I’m currently a EUT Architect

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M2 NYC metro area working in healthcare consulting base around $131K low for an M2 in a high COL or market? No MBA, but want to pursue in the next 2 years to pivot to working in health strategy.

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What would u do? 3 YOE HCOL city and I have 2 potential options:
1) move to a boutique healthcare strategy consulting firm in a similar role as I have now (client facing consulting role).. 120-130 base + 20% bonus
2) a product specialist role at Meta (FB). This told role product management, it’s analytics heavy. $107k base, 10% bonus, $30K stock.

At the end of the day, TC for both is similar. As far as exit opportunities I’m not sure what is better, so looking to get other people’s opinions.

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My company reimburses CFA exam fees if I clear level the exam and if I stay in the firm for 2 yrs from reimbursement date. I don’t wish to be in the same firm . Can i still apply for CFA scholarship?

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Hey anyone willing to swing a referral for roles in change management consulting or healthcare consulting

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Additional Posts

How long does it typically take to get a verbal offer from ZS Associates (Strategy Insights and Planning) after the final interview?

like

Hi, How long can a person remain on bench at Infosys Infosys Infosys Limited, Basically what are the bench policies here, project allocation etc , Any Info will be appreciated

Hi All, any one know how much time Bank of America will take for offer release after document submission.because already 4 days gone and I didn’t got any response even no one contacted me.
Thanks in advance

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Can someone give insight on the salary range for a mid-level associate at Jackson Lewis and Littler in Atlanta?

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Anyone here ever been to RCA? Is it worth it ?

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Relatable right ! 😂😊

Post Photo
funnylike
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If you could go back in time what would you tell yourself before taking out student loans?

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I hear Grant Thornton has been doing more layoffs? We need staff (associates, seniors, managers) in forensics / disputes and investigations in SF if anyone is looking to make a move! Message me

like

CDM these days - yay / nay? Old glory? New news from anyone currently there or who was there within the past year?

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Has anyone cheated on their partner, felt horrible from the guilt, confessed to them and then managed to still save the relationship? Or is cheating something no one gets over ever?

like

Planning to do a PRM or FRM qual. How useful is it to move from Big 4 Risk and reg consulting to industry? Finding it hard to get anything other than non-PM roles

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Accenture CEO said on earnings call that accelerated performance cycle will help manage low performers at greater pace if need to pull levers.
More layoffs are incoming soon.

About last layoffs, we didn't do any layoffs it's cost adjustments mostly in operation centers and restructure due new growth model. 🤷‍♂️

likehelpful

This job is miserable without travel.

likefunnyupliftingsmarthelpful

Does B4 let people go the same day as their resignation only if they’re going to a direct competitor? How about MBB or a tier 2 consulting firm?

Have people been let go immediately in case they go to FAANG or other industry firms?

like
like

What is the business analyst hierarchy in Nagarro.

like

Is it worth moving to western countries if you have a stable life in India and the household income is close to 3 lac per month?
What are the advantages and disadvantages of this move?

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