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Path to partner is fastest at mbb.
Chief
MBB is the quickest path to partner. And you make more
Actually the opposite. Giving up your network and having to relearn a new co / prove yourself will undoubtably lengthen your time to partner. Stick it out if you want this life forever.
Make same $$$ here, if not more. Average time to partner is ~10 years.
That’s correct B4. OW is much more eat what you kill than BCG is.
And BCG2, MDPs making first year comp of >$1M is a) recent and b) not all cash (and also not paid in your first year, but that’s a detail).
“I feel the path to partner is slow here” 🤦🏻♂️
MBB is the fastest by a long shot. You can make partner 6 and a bit years from MBA (though first window the 6.3 promotion is becoming less common) or 8ish years from undergrad at BCG. If you join right out of undergrad and don’t stop to get the MBA you can literally make partner before age 30 (would be an extreme outlier, but has been done). The other firms are similar.
Pay is a different story, mostly because it’s not standardized. There’s lots and lots of partners at other firms who make more than MBB partners, but the MBB partner average is a bit higher, but the cashflow is often lower and a lot of the MBB partner comp is deferred, and then a least some of the non-MBB firms still offer pensions worth quite a lot… it’s not a clean apples to apples comparison. I make more at B4 now than I did, or probably ever would have, at MBB.
How much do you make? I truly have no idea how much partners make at B4. I think I saw the compensation doc and not many partners responded
Chief
Define slow? I think our time to partner ranges from 7 to 10 years. Quickest I've ever seen was 5 years but that guy is an exception
Yah, Bain is 10 years from undergrad to partner, with limited wiggle room. You guys are way faster to partner than we are…
Rising Star
Pr1 makes good points.
If I told you the range was $400k-$2m would that make a difference?
Average partner tenure in B4 is 10-20 years. That’s a wide range. MBB tenure is a lot less because the first rung of equity partners remain on an up or out path, but on average pays more faster. At the end of the day, pick your poison and make it happen. Then concern yourself with exits or jumping.