At a B4, what % of directors (or equivalent to last step), on average, make partner? How many leave voluntarily before getting put up? Just curious how many Ds who want to make partner, don't.

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I don’t know the official number at my B4 firm, but I would guess the % of first year senior managers (what we call them) who ultimately get promoted is less than 20%, halfway split between equity partner and managing director. The other 80% dwindles over the years, with many voluntarily leaving and a smaller percentage getting counseled out several years in if they are not seen as partner material. The last 10-20% are “in the pipeline” and working hard to make their case.

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I think better question is how many religiously follow that goal and get it eventually. Many “wish” to be one and quite a few “wait and watch”

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<10%

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There are a lot of “career SMs” who are never going to make PPMD and they’re ok with it. Most are in their late 40s early 50s making upwards of 250k and have no exit opportunities. It’s the end of the road for a lot of them.

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Less than 2% when you account for turnover.

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Somewhere between 10 and 15 percent of SMs make it to Partner ranks . Rest either leave themselves or get counseled out

Yes - true . Some make peace with it

At D, 20% sounds way too high. I’d say 5-10%

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