Apologies for the dumb question but what exactly does partner mean in today’s world? In olden times it would have meant you were a partial owner right? Does it still? Or does it just mean extra highly paid employee with a lot of leadership responsibilities?

We don’t use the term at Accenture of course since we’re public, but I’m curious what it really means at b4 or MBB, beyond just extra high paychecks? Are there actual partner benefits, like owning private shares of the company?

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

Yes you literally own shares of the company

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Big 4 partners are equity partners because use of the term is regulated. Other firms can play it looser.

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Correct. If I did not own equity I could not refer to myself as a partner/principal at a regulated accounting firm.

Yes, the B4 are organized as LLPs I believe, as opposed to C Corp which most public companies are structured as. So there are still “shares” (mostly referred to as units), but 100% of the units that exist are owned by the ~3000 partners or however many there are, instead of there being any units owned by outside investors. Accenture shares can be owned and traded by anyone via an exchange.

Every Partner has some number of units, they typically receive more units each year based on performance and other factors, and presumably retiring Partners have to sell units back to the firm so they are available for new Partners. The number of units held is a piece of how Partners are compensated. For example, if someone has 1000 units, and based on profitability for the year, the firm decides on a payout if $600 per unit, that Partner will get 600k. I believe they also have other forms of comp like a base salary and other incentives.

Anyone feel free to correct or add.

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If I own shares of Accenture, am I a partner?

No. You’re a shareholder.

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