Deloitte Managers
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Connect with some actual MDs. Forced retirement for partners is 62, not 60. True MDs make about 10% less over their tenure than a partner, however, they often have less aggressive revenue goals or talent management expectations. It’s all a trade off. My guess is if you are 38+ and still building your career toward PPMD you were inspired by money but not driven by it... The best advice I received is whatever your age go for partner and you can always switch to MD at the last minute if you run the financials and the buy in doesn’t make $ense

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D1, understand a normal partner comp is from $300k - $1M or so; partners assuming additional positions can go into multiple millions. What can MD’s realistically expect? Was under the impression that it’s much more moderate

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How much is the buy-in roughly? The purchase is like buying shares of a company, and these shares buy you the right to profit-share, when you leave the firm, the shares are sold back to the firm, possibly for more than what you paid for (if company performs better and is worth more than when you bought in). Is this how it works? If yes, then the loan should be paid off by the proceeds, and it would make sense to become partner at any age.

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Buy in typically around 300k. The money is loaned to you and you are making monthly payments for the same. Takes about 10 years to pay it out.

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