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Hi All, My sister has done Computer Science engineering Bachelor degree and has 5 years of work experience in India. She is applying for MBA at https://www.kenan-flagler.unc.edu/programs/mba/full-time-mba/ and https://kelley.iu.edu/programs/full-time-mba/academics/majors-minors/marketing.html. Her overall goal is to get into Software Product management. Any suggestions if any of these MBA’s can open path in the desired space or if she is better of doing an MS in Comp engg. to further develop deeper Technology skills. Thanks
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Does oracle have yearly hikes in India?
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For what it’s worth, I’m a Big 4 Audit Partner, 44 years old, with a primary home worth $1.4M and second/ vacation home worth $700k (both according to Zillow, however accurate that is). I make $880k per year and should continue to get raises. With my current job trajectory, if I was 50 years old right now, I should be making about $1.2M. I’ll let you figure out whether that’s sufficient to buy a yacht. It’s enough to keep my family comfortable
I’ve worked over 20 years, and every time I sign an audit opinion, I take on a huge amount of personal risk. I wasn’t trying to rub it in. I was trying to provide a data point for everyone on this string to use. Working in PA is hard work, but if you stick with it you’ll be compensated for all of that hard work. Prior to being a partner you can most likely leave and get a pay raise. Staying in PA the pay raise is after you make partner
You've confused Big 4 partner with Jeff Bezos
A boat, yes. A yacht, no.
Thanks for the responses. Light hearted post of course :)
I think you’re in the wrong state of mind.
If you want yacht money you need to marry into it or put yourself in position to have a major equity event.
That totally depends on the “yacht” you want and how it will fit into your lifestyle. Some close friends have a parent that is a partner at Deloitte and the entire family is super into the boating lifestyle. Their 50+ footer is their primary hobby. They have that instead of a lake house or super fancy vacations. They literally spend the night on it every weekend. So yeah, it’s a million dollar boat, but it’s financed just like a lake house, which plenty of partner’s have. Now if you want a yacht and a million dollar house and a million dollar lake house and a helicopter, etc... then you are probs in the wrong industry.
Says it all 😊
What size / cost yacht? I don’t think partners have ‘yacht’ money....
Agree with the comments above, and I would also add that if you are working in public accounting your aversion to risk and system of personal ethics will probably prevent you from ever doing the things required to make the amount of money you would need for a yacht.
Definitely possible if you avoid the pitfalls of financial ruin... marriage, kids, divorce, career in accounting etc.
Partner at the end of my career—-I have a 49 foot Catamaran that is very nice. I would consider it a boat. 60 ft and up requires CEO MONEY
To have a “yacht” your looking at cost of boat anywhere from 3-5mil+ plus maintenance which could be 50-100k a year and partners rarely make over 1mil so id say you are shit out of luck
I bought a 20 year old pontoon boat last year for $1000. Does that count?
Ha! You’re working at the wrong place. Heard of MDs at banks? Heard of partners at McKinsey/BCG/Bain? Those jobs might help you with the yacht...
What’s the point? Why buy a yatch if you are to f’ing busy working to enjoy it
Partner1, Daddy!
P1, thanks for displaying ostentatiously your salary and I hope you’re not my practice partner... if you make so much money, why am I paid peanuts? 🥜
Partner was able to drop $400 per hr for baseball lessons for his kid multiple times a week. Based on this I think yacht is definitely possible.