Any partners here who did NOT buy in to equity when it was offered? What were your reasons (e.g., vesting period too long, better opportunity cost elsewhere, unclear exit clauses)?

funnylike
Posting as :
works at
You are currently posting as works at

It’s sort of a weird question in that if you didn’t want to be an equity partner you wouldn’t put yourself through the pain of the process, and therefore you wouldn’t ever get offered equity to turn down.

likesmart

P3 no. Employees don’t vote. Period.

like

Anyone else?

funny

I was at ECG and didn't see any value in equity for a failing company.

like

I know folks who’ve done this. Think people are misunderstanding the question. They’re asking about equity partners that are offered the chance to buy more. More recently many folks worry that the internal share price is already high, they’re carrying debt from their initial partner loan, and they have other commitments like mortgages

funny

I was talking about friends at other firms. I am aware that we don’t have equity partners. Hence why I said I know folks… not I didn’t…

like

There is such a thing as a “non-equity partner” at some firms. Other firms call that role “MD”. Somebody might opt into such a role instead of equity partnership if they will not hit the vesting requirement before mandatory retirement age for the partnership. But once you are an equity partner you do not usually get the “option” to buy more shares - rather you are awarded shares as you get more responsibility.

helpful

The mechanics of a private partnership are such that all equity partners have capital in the firm. It is not a choice.

I think they could have worded the question differently but I know people who were offered partner, but took non equity partner because of their age.

Related Posts

Informatica openings any?
9+ experience

like

I'm wondering if an introvert can excel and be happy in a BizOps role? Any introverts here who can testify? Is it feasible? What factors need to be considered?

like

Has anyone transitioned from traditional to a digital role? How did you go about adjusting? I'm in print looking for a new opportunity to expand to digital. I'm not sure where to start.

like

Hey all, I’m the founder of Stories Company, a creative agency focused on design for internal/B2B work at Fortune 1000s. Currently hiring a senior designer or AD. 85K-125K. Thanks so much!

like

BNP Paribas CIB Can some one help me provide referral for BNP BNP Paribas CIB BNP Paribas

URGENT: Can anyone refer me for an entry-level software engineer/ Trainee Software engineer role (Java preferred)? I need a job on an urgent basis as my current organization has asked me to put down my papers due to changed business requirements (read layoffs) and has given me 30 days to find a new job. And I would really appreciate you guys if you can provide me with any help in this situation.

#layoffs

Thanks in advance

like

Guilt and shame about working in a legal position for years where, instead of using my law degree (was supposed to do legal work per the job posting), I served as a personal assistant to my boss/did nothing for maybe half the time. I feel like I was paid for work I didn't do. I've since left that job but the guilt and shame remains. I feel that I lack the character of a lawyer and that I am unworthy of the profession. I don't know how to make up for the lost years or how to forgive myself.

like

Hi,

I am about to join Amazon team in del18 -B&M Sites suppose in case if I don't like the work can I request them to change my role to some other department in 1-2 months also any insights about this role?

like

Hi All.
I am looking for Salesforce Functional BA roles in Accenture. I am currently working with Persistent Systems. Please let me know if there are any relevant openings.

Hi Fishes

Want your opinion. how much base pay can be expected for a senior associate position in Technology Consulting for someone with ~7 years of experience.

like

Can someone share about the interview format to get a data architect role in the consulting wing at google cloud

Any tips for interviewing for a Analyst role in VISA implementation sector ?

like

What is the average/approx salary for a Transactional Support Specialist role in the JPM Payments dept? Is this a good role? Insights and comments are greatly appreciated!

like

Could anybody throw light on variable % in oracle gsc for consulting technical manager position? Is it a part of ctc? How much of this we can expect on an average for an year?

like

I received a Senior Game Developer position at Globant Game Studios and just wanted to know if anyone has any idea about this department. I received Bangalore as the base Location and they told me Pune is having all the team, in future will they ask me to join in Pune? Which I don't want to.

Globant

like

Hi. I got selected as a consultant in Global business services role (SA&MA) in DI. Can someone throw some light on this practice as what it does? Will the clients be India based or overseas?

like

Got an offer of 8LPA from JPMC for the role of Test Analyst. YOE - 1.4 years, Location - Malad, Mumbai.
I would like to know how much I can negotiate with the HR on this offer.
I don't have any other offer in hand.

like

Looking to apply for a position at Deloitte. Does anyone mind referring me? I am based out of NYC, that is also where the position is. Deloitte

like

More Posts

Has anyone working tech for a bank been laid off yet? Tech layoffs all over the media but no one is talking about developers at banks (who make up 1/3 of headcount in some cases)

like

Can anyone suggest to me any good sites to find remote jobs in the US which pays around $60k to $120k annually.

YOE - 3.2
Tech stack- git jenkins docker Kubernetes AWS ansible.

like

For folks who recently got their EAD, how long from the time of filing your I-485 did you get it?

like

I need 11 likes for DM

like

Anyone in Accenture Salesforce practice willing to chat? Current Senior associate at big 4 specializing in CPQ and Sales cloud

like

Hello folks I got selected in TCS through MBit company should I go with it or not please help me here as I’m totally confused after seeing bad reviews on google.

like

Boston Consulting Group BCG interview coming up. What are compelling reasons for answering reason looking to move when coming from competitor?

like

Would you rather...
Pitch the idea your GCD will love, or the one your conservative client will buy off on.

Can't have your cake and blah blah blah.

like

Having a Seder for a group of friends (multiple faiths) with kids. Any recommendations on haggadahs that would be fun for a mixed group?

How do you handle the next day after being up until 4am the night before on a deal? My other deal teams don’t know I was up so late, but obviously I’m going to be much slower in the morning. It sounds whiny to say “sorry for the delay I was up all night” when everyone else is also so busy...

like

Hey folks, this is my first post—so please go easy on me! I really want to understand the dynamics of rebates within the pharmaceutical industry better. Anyone feeling particularly knowledgeable and kind want to help?

likefunny

That International Women’s Day logo isn’t deserving of the day & the women it celebrates. Can one of the talented women here please give it the love it deserves and re-design it? I would but...🙋‍♂️

like

Be honest. Why do you keep coming back to this app?

like

Yep, it’s Friday.

Post Photo
likefunnyhelpful

One of the reasons I want to transition from industry to consulting (tier 1) is that I get frustrated when I have to collaborate with mediocre people. My assumption is that Tier 1 consulting firms hire really sharp people and if I can get in, I’ll be collaborating with folks on top of their game (not expecting much from clients). I’m aware there are personal aspects I need to work on like my mindset, patience etc etc, but I just get so frustrated with blatant stupidity.

likefunny

I am trying to break out of being a channel-specific marketing manager (email marketing, app, SMS) in a CPG/clothing Fortune 500 company. My career goal is to work remote & break into total brand strategy. Initially I'm applying for job titles like: Associate Brand Manager, Sr. Brand Specialist, CRM Manager. The core things I'm highlighting is the impact I made to the overall email marketing program (w/ stats), managing projects, & providing creative direction. I'm frustrated, any advice?

like

Opinion on Quinn? (Would prefer an opinion from people who actually work there and aren’t just bitter from opposing them)

like

Is anyone familiar with Deloitte TMC team? How does the work look like for the Corptax implementation and Altreyx? Please give some advice for the pros and cons. Thanks!Deloitte

like

It seems like most DevOps jobs and gigs are related to AWS, GCP, or Azure. Is there a realistic career path in the enterprise space moving forward for other tools, or rolling your own w/open source?

Bain & Company Coming as an AC at Bain & Company with 0 tenure credit, is it possible to be promoted to SAC in 1.5 years if you're a high performer, or is it 2 years minimum?

like

Additional Posts in Partner One

But what if you *are* Partner 1?

Post Photo
likefunnyuplifting

Would you say being a partner is more demanding than being an industry exec?

Looking for advice in context of being a EY SM that will be part of NewCo if it goes through. Would I be better off shooting for MD this year vs waiting 2-3 years for Partner?

like

How much do MDs make? What is their comp structure like?

like

Hey Partners! I accepted a position at another firm and was bumped from manager to Senior consultant level. Could you give me some advice on 3 key things I can focus on to help me re-advance quickly?

like

How do you identify potentials in people?

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?

like

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?

like

Have any of you considered FIRE? I'm sure some of the partners are young and rich enough to retire. So why not say screw working until 60 and to hell with the pension? Travel the world and live life while I can?

like

Looking for advice: would you stay in partner pipeline at Big 4 or move to one of the MBBs as a principal? I am hearing that with Big 4 getting into strategy more, MBBs will be obsolete soon thoughts?

likefunny

Do partners know each other’s compensation? I see partners selling engagements for vastly different numbers b/w shorter ‘interesting’ strategy work and longer ‘boring’ transformations. Thoughts?

like

Partners - do recruiters/headhunters ever reach out to you? What types of roles/levels do they reach out for?

When you independently search for other opportunities (if you do), what types of roles do you look for?

like

What has been more beneficial to your career and why: specializing in a service offering or an industry?

like

Partners, what's been the impact to ongoing sales conversations? Do you think we're all screwed for the year?

like

Partners, what is your advice to folks who are currently on bench on how to best utilize their time and what value add activities (personal/professional) that they can/should do.

like

Executive presence - what is ONE thing that helped you the most in significantly improving your executive presence during workshops, town halls, kickoffs etc.

like

Partners, what are the financial benefits of retiring as a Partner at PwC or other Big 4s?

likehelpfulfunny

Just heard FY23 partners at PwC are getting only 40 shares vs.60 last year. Looks like new partners are being shown the middle finger by Tim Ryan in favor of increasing stock price and getting more catalyst hires. Sucks!!

likefunnyhelpful

Partner 🐠 - what are some traits of top candidates for final round partner interviews?

likefunny

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

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
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

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal