Bain & Company Do you know of a partner in Tier 1/2 that has retired voluntarily? As in going of their own volition - not pushed out. Just wondering what senior partners look for in life and how long are they willing to slog in the markets. Would love to hear of some examples of people who made different, bold decisions to quit at peak of their careers. McKinsey & Company Bain & Company Boston Consulting Group Oliver Wyman Kearney Arthur D. Little Limited Roland Berger Strategy&
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I know 2 partners that are very happy. Both left in early 40s. Both became angel investors and spend time guiding their startups and have a 3-4 hours routine that keeps them busy and do the odd advisory role whenever it suits. Both are however very low maintenance and are happy living within a basic budget so saw their exit as no real downside.
I know senior partners that “quiet quit” my understanding was this was because they sold enough projects two years prior and their comp on those projects was vested over a number of years. They had decided that the money they would now earn over the payout period would be more than enough thus quiet quitting.
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The last P who left us seems to be taking this path. Despite some rumors on joining competition seems they are headed into board roles, angel investing, coaching, select consulting gigs. Was on verge of SP promotion but per his own words “lost the ummf and the desire to get out of bed and stay up night for doc reviews”.
Is this JR?
We had a few partners retire recently. Both were senior partners and both were voluntary….who could have stuck around for much longer had they wanted to. I think they were in their 50s. Not sure what they are doing now…but yes…they did walk away after a long career and potentially at the peak of their career.
Thanks so much. This was helpful. It must have been a tough decision to walk away from it all in 50s. But I guess if they were rainmakers then they must have salted enough away to live a very decent life. I feel financial independence is less of an issue for such partners…that they would have achieved much earlier in their life, it is more of a lifestyle choice. Ability to give social position, due positional power is much tougher. Also what next is a strong issue. If you don’t know clearly what you would want to do next - I.e. if the pull is not strong enough then one doesn’t push for retirement.
Very interesting. 40s too. That is quite early.
Agree. You define your liveable cost number and then work towards it. The question is can you walk away when the time comes. That is what I admire.