Consulting

At your firm, what’s the difference between Partner and Principal?

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Tenure. Partner is more senior than Principal. Then comes Managing Director & Partner (with Equity)

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EY is the same as deloitte. Partner (has equity and CPA), principal (has equity but no CPA - essentially “partners” under most consulting practices), managing director (no equity).

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Principal for us is like a Super Senior Manager. We call SVPs and EVPs partners. (There’s a VP level in there too)

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Partners (audit, advisory)/Principals (consulting) have equity in, and have to pay into the firm. They also earn revenue based on the firm’s overall revenue. MDs have the same level of authority and responsibility to sell but don’t have to pay into the firm and don’t earn based on revenue. They earn a salary.

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Principal is the level below Partner. Partners have equity - principals are giving their all to hopefully get equity soon.

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Principal is a senior manager, often on multiple projects, and with more BD responsibilities

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