Big4 partners, do you feel the journey has been worth it when gauging by the variables of money, family, sphere of influence, and happiness? Or industry still seems more alluring? Thanks for your wisdom.

like
Posting as :
works at
You are currently posting as works at

Easily. I’m too old and have been in consulting too long to navigate the politics of a Senior industry position. Takes time in the trenches to learn those skills. Chess versus checkers. I haven’t been playing chess long enough to anticipate the checkmate setup moves against me.

Plus, I love my job. It’s perfect for me, but that’s just me and what I do. Everyone has their own experiences.

I’ll say for the hundredth time on this ap; there are dozens of roles available to partners in Big 4. It’s not like you’ll be hawking Enterprise Risk Management Technology implementations for twenty years. New options open up as you grow with the firm, and those options are pretty awesome.
Others’ Mileage May Vary.

likeupliftingsmart

I'm a third year partner and I'm still deciding if it was all worth it. All the days on the road and all the missed family events and lost friends. The money is ok and probably better than industry (in spite of significant capital contribution deductions). Im told it gets better once my large chunk of capital deductions are done with. (I'm not a US partner and we don't have pensions). So cash is king in our territory.

If I look at the other side of the coin, I was always a ordinary student - maybe 70th percentile. Not gifted in any particular aspect. However my B4 exactly valued that. My hunger for success, ability to put in enormous amount of efforts, and ability to take right kind of risks helped get where I am.

In an alternate world, being from an engineering background, in any other organisation - I'd probably have made a senior project manager or a BA. Which isn't too bad I guess. But I'm sure I'd miss having the nice car and downtown apartment.

like

Totally - especially since I went to industry and came back

Definitely.

Yes !

It has worked out for me and has enabled me to do things and develop wealth beyond what I thought was possible early in my career. That said, I consult with many CFOs and I am convinced I could have been a better C suite executive and achieved even greater wealth through options, bonuses, IPOs etc. If I had to do it over I might have gone in that direction.

Very valuable perspective, P3 and P1. Thank you for sharing

Related Posts

Considering the move from leveraged finance to private debt. Good or bad move?

like

Don't know how to choose BTW Kellogg and Booth. Want to be done at the end of the week

like
like

Do you think consulting is not the right path for core technical people ?

like

After finally getting into MBB, I’m leaving after <1 year bc I’m not built for this. Tbh it was everything I thought it would be and I see alot of value in staying, but I’m just in a different phase of my life now. Can anyone else relate lol

likefunny

Rakuten / Rakuten India OR Morgan Stanley
which has more future scope ?

like

Anyone working off Wacker in Chicago have any apartment suggestions? Or any general advice for the area?

like

Laaa laaaaaaa lala wait till i get my money right (just accepted a PE offer woo)

likefunnyuplifting

How is EY risk assurance different from EY internal audit. Don't both include IT audits?

like

Has anyone ever been in the position where you’re offered a job and it’s great, but it just doesn’t feel like the right time to jump? If they really like you and they’re actively hiring, is it possible to ask to be reconsidered in a year?

like

Can someone explain how billable hours work? At a new agency and although I had to fill timesheets at my previous agencies, they were mainly used to ensure we weren’t over servicing a client/for setting the appropriate retainer for contract renewals. I asked ppl at my agency but haven’t gotten a proper explanation. I get the impression that billing to the agency admin code isn’t recommended, and my manager said he bills everything to client codes, but that doesn’t make sense to me .

like

Pharma Insight Bingo!? I’ll start. “Patients have settled for a new normal.”

likefunny

Anyone gain weight from Paxil?

like

Have been hunting desperately for childcare bc spouse and I are both FT lawyers trying to handle 4 immunocompromised elementary age kids at home but have been striking out. Have even been considering having one of us take a leave, going part time (career suicide/knock us off partner track) or quitting. Just found someone highly recommended, experienced, patient, etc. Interview went super well but candidate disclosed they are in recovery for substance abuse, last relapse 2 yrs ago. DUI. Thoughts?

like

It’s looking like my job is gonna start asking us to return to the office. We have an open office plan and before we wfh FT I would save all my work for my telework days bc I can’t get shit done in the office. I’m having major anxiety about them making this decision. I know I’m not alone that people don’t want to return to the office. My ADHD and the open office just makes working from the office a nightmare and I’m feeling really nervous and kind of resentful.

like

Been really fighting sleep lately. I recall reading that’s an ADHD symptom but I can’t find it now in my half asleep but wide awake state.

like

Hey all, can you pls recommend resources to get up to speed on Fraud and Risk management for Payments in fintech? Books /sites? I’m not in consulting anymore so no access to internal decks. Thanks!

like

Hi all,

Can any one let me know What is the difference between designation Associate I and Associate II in JPMC ?

Which one is better and why?

like

Thinking about getting an apartment but the pet fee is ridiculous. How likely is it that I'll get caught if I have a tiny kitten?

like
like

Additional Posts in Partner One

Partners, is it okay to send a deliverable without your review?

funnylike

I’m a senior in advisory at a B4 firm. I’m aiming for partner, but secretly would like to be part of firm leadership. Is there anything I should do differently on my way up the ladder?

funnylikeuplifting

What are the benefit differences between an equity partner and a non-equity partner (e.g. managing director)?

PPMDs, what tips you would give if your client is a Member Firm? I am an incoming project manager, lateral hired from industry. Please share your thoughts about how to make an impact from day 1.

like

Partners - do recruiters/headhunters ever reach out to you? What types of roles/levels do they reach out for?

When you independently search for other opportunities (if you do), what types of roles do you look for?

like

Curious what % of partners/MDs have spouses who also work. And regardless of non/working spouse, what do you do to feel a work/family balance?

like

Big4 Advisory Partners/Principals - how much do you make in your 1st - 4th year as a partner/principal?
Trying to make a decision whether its worth continuing.

likehelpful

Hi partners. How confidential is the partner process? I’ve been asked by a partner reviewing a candidate regarding the candidate. This candidate has been manipulative and deceitful to me. I don’t Cont

likefunny

I just took a leadership role in industry after 5 years in advisory (industry hire). Partners, any tips for the transition? What have you seen your clients do well/poorly during big career moves?

like

How is a Partner’s sales bonus at your firm calculated? Also, what if multiple Partners have connections at the same client when a sale is made? How is the bonus fairly distributed?

like

Looking for advice: would you stay in partner pipeline at Big 4 or move to one of the MBBs as a principal? I am hearing that with Big 4 getting into strategy more, MBBs will be obsolete soon thoughts?

likefunny

What is base pay range for L5 at Accenture?

like

Partners - absent the paycheck, do you enjoy your job? Regardless of yes/no, did you enjoy the path to getting there? If you didn't, what convinced you to keep going at it?

like

Partners, what are some of the most memorable and effective ways/reasons your team has asked for more comp? If someone is a high performer/emerging talent, what is the typical comp increase you’ve approved?

like

I’m one of the top performers in the company and got invited to the company’s emerging leadership program. I always meet all my goals and deliverables on time but still feel like half of the time I’m not even doing anything (or performing my best). How do I leverage this ‘off-time’ into something productive in order to progress faster?

like

What’s your sales target for this year?

Do partners know each other’s compensation? I see partners selling engagements for vastly different numbers b/w shorter ‘interesting’ strategy work and longer ‘boring’ transformations. Thoughts?

like

Is it true new partners at PwC are making 550-600k? Are there big differences in Partner Comp between Big Four?

like

What has been more beneficial to your career and why: specializing in a service offering or an industry?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal