Are there any boutiques that pay as well as a long-term (10+ years) strategy Partner in the Big 4?

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They could pay 2M a year total but you won’t get the pension after retirement like in a big 4, and usually it will be mostly based on performance, in a boutique, you were absolutely eating what you kill and if you don’t kill anything or you only kill little things, you’re not gonna get that 2 million. In a big four, you can make 1.5 million and basically hide for the majority of your senior career.

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When I transitioned to a big 4 early in my career, I used to tell myself I would never ever just mail it in for the majority of my senior career but now I am old and that’s exactly what I should be doing! All of my peers are.

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Depends how you define boutique but there are many firms that are not Big4/MBB that can pay $2M+ for successful consulting partners. Usually these high-earners have strategy experience but are selling/delivering more than strategy.

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What target TCO?

10 years should be 1.4-1.6 I would think)

2M a year

Definitely. But higher risk, higher reward situation. Comes with a lot more freedom and scrappiness without the cushion of Big 4

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