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I think that exists as ‘expert parter / partner track’ vs ‘partner’
There are no “non equity” partners in McKinsey or Bain. Nor are there in Big 4, thus the Managing Director rank. Career paths, especially into partnership, between Big 4 and McKinsey/Bain are not comparable.
There are non equity partners in the big 4
Not sure about US, but Canada and a number of other territories have non-equity partners. And these are different destination from MD designation.