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Advice needed - boyfriend has almost 3.5 years of finance experience at a bank. Interviewed for PwC valuation senior associate and now recruiter says they want to hire him at “experienced associate” because he has no valuation experience. Is this too big of a step backwards in career? Should he push back and see if it gets him anywhere? If he does accept Associate, is it reasonable to ask for written, definitive timeline (1 year?) for promo to Senior upon meeting standards? Help!
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The Gulag
The good ol’ goo!
MD but it’s a destination title and rarely do MDs get promoted to partner (although sometimes it can happen).
And it’s no longer a destination. It’s now a stepping stone (for some) to partner.
I would ignore answers unless it is from an EY person since it varies firm by firm. From my own experience PwC has director before ppmd and deloitte does not. Also noting that ppmd is including managing directors, which is not what you are asking about.
Director, right?
Ex EY here. No, there isn’t. It’s partner or MD. I’ve very rarely seen an MD transition to partner, so it’s possible, but MD is a terminal position.
The downside is (at least on my team) that making SM starts a 7 year clock. You either make partner, MD, or you are out. If there’s no slots, too bad. Of my old crew 2 made MD, while another 12 or so MDs over the years were pushed out. Only 1 made partner.
New world now. MD is a step in the journey to partner.
From what I heard, some SLs are essentially using ED as that in-between now. As far as I know, the other B4s have had that rank in between already
Me!
Rising Star
I think it’s SM++
Ex-EY here, it’s either MD or Partner. Seen someone who was SM for 6 yrs, made it to MD.
Old world. Now MD is part of the process.