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Subject Expert
Also historically PwC takes 1 year longer to promote from senior to manager compared to the others. This may be changing.
Agreed at the manager level, I've learned however that KPMG has directors as an extra level between senior manager and partner. At deloitte it was senior manager then PPMD (partner, principal or managing director) with MDs basically being non equity partners in terms of "hierarchy"
Yes
Managers are all the same, yes. I think it's different at the Director level, though. I think PwC started calling their tax senior managers directors, but the other firms have Managing Directors, which is a little closer to partner. (I could be wrong. Studying the hierarchy at all four of the B4 isn't my idea of fun.)
We have both senior managers and directors. I’m pretty sure senior manager was added relatively recently to help prepare more for director role
Everyone’s close but not entirely on point.
At KPMG, it goes:
- Manager
- Senior Manager
- Managing Director
- Partner
Managing Director is a partner from a client operational perspective, they sign returns and run the show like a partner - but they’re not an equity owner. You make MD to then show you can bring in and maintain business for a few years before making partner. This is similar to Deloitte.
PwC recently added Senior Manager. Historically it went Manager, Director, then Partner - I think people stayed at Director for a really long time, so they added Senior Manager to separate the roles our more in line with Senior Manager & Managing Director at KPMG and Deloitte.
No idea about EY.
Agreed on deloitte having formerly worked there. Usual path is SM to partner, with the MDs either being people that didn't want to invest or didn't want the added responsibility. I knew a WNT MD who just really enjoyed the position (research and writing) and didn't want a change in job function. Absolutely would have made partner if they wanted it tho