{ "media_type": "text", "post_content": "Do private consulting firms like MBB have a mandatory retirement age for partners? Why? Do they get pension?", "post_id": "5a6ba570a9d8180019309919", "reply_count": 11, "vote_count": 3, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Do private consulting firms like MBB have a mandatory retirement age for partners? Why? Do they get pension?

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If you’ve been in Consulting that long you’ve probably gone mad. That’s why I’ve always thought they kick people out.

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Yes there’s mandatory retirement. Yes pension. Why? Cus otherwise the pyramid scheme falls apart

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No mandatory retirement age but senior folks are paid to transition their relationships and move on at some point. Pension is more about tax optimization than retirement.

uplifting

my impression was they tried to enact a mandatory retirement age here but were rebuffed due to a few very influential (older) partners but I could be wrong

No pension. 401k and a profit sharing retirement fund, which is another defined contribution plan

We don’t have a mandatory retirement age, though a lot of older partners do kind of a ‘part time partner emeritus’ kind of thing.

So pension scam on backs of poor staff only in B4?

Pension is the only reason to make partner....

Is it a very sizable benefit ?

Big 4 pension is significant.

I’m at BCG

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