How often do partner de-equitizations happen?

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Not enough

likefunnyhelpful

Absolutely agree

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After a year or two of not hitting #s, we’re all at risk of separations

likehelpful

I believe the technical term is de-equify. Then you’ve been de-equificated

funny

You’ve been served

Is it an all or nothing thing? E.g. you’re out, or your share is reduced?

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I’ve seen some situations where there isn’t enough revenue or market for a particular offering and a partner is moved from partner to MD. Very good talented people who enjoy the firm and want stay and sometimes that move works out for both the individual and firm.

Some get on probation and counseled out.

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Hello All,

I have been working in Accenture as an ETL Admin from past 4 Years.
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Bhai log kaisa hai Accenture? Got level 10, security family group hai. Bata do jara doston thoda ghana jo bhi pata hai, dua dunga.

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Thanks in advance.

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Hope you all are having a great weekend. Just wanted to share a tip for all of those who are looking to connect with former employees - there is a filter function at Linkedin which allows you to do so (and you can combine that with the filter on location - then you can almost always find at least 2-3 people you can reach out to and ask about the firm and practice group you are thinking of lateralling).

Feel free to share any other tip with the fellow fishes!

likehelpful

Sorry, can't help it

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likefunny

Hi, I have a collaborative interview(second interview) tomorrow with a tech startup for a product marketing manager position. I haven’t experienced a collaborative interview before and I’m not sure what to expect. How should I prepare?

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Additional Posts in Partner One

Big4 partners, do you feel the journey has been worth it when gauging by the variables of money, family, sphere of influence, and happiness? Or industry still seems more alluring? Thanks for your wisdom.

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Partners/Principals - how do you focus and continue to work at the same rigor, if you have made your numbers or 75% of your numbers? Do you take it easy or continue to grind/ work long hours as usual?

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Anyone invest in franchises and in particular has anyone used a company called FranChoice to help you match w a franchise?

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With the CDC releasing new mandates, What are partners seeing from clients? Are they asking for full return to the office? I definitely want to keep staying wfh and not commuting :/

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As a M / SM, how did you go about growing contacts outside of project work? For contacts that did not know via previous project work, how did you transition into how you (or firm) can help them?

helpful

Executive presence - what is ONE thing that helped you the most in significantly improving your executive presence during workshops, town halls, kickoffs etc.

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Partners- At what point in your career did you feel like you had financially “made it”?

likesmart

Tips to build my brand and network as a junior practitioner navigates their career to the next level at the firm?

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Partners, when do you think informal communication regarding new PPMDs will start trickling in?

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Partners - do recruiters/headhunters ever reach out to you? What types of roles/levels do they reach out for?

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At some Big 4 companies there is a Partner / Principal group that has equity and are part owners of the business and an equivalent Managing Director group that does not have equity and are essentially employees.

How does it work at McKinsey / Bain ? Do those same distinctions exist across partner types, owner vs non owner?

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Partners / Managing Directors: in your junior years, how did you manage not wanting to work with a Senior Mgr who consistently tries to pull you into work he is doing? (He lies, tries to make you think that he is doing you favors, etc.) Does your answer now change as a Partner / MD?

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How did you find out what you want in life? Feeling lost mid-career..

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(1/2) For those w/ technical backgrounds: how did you develop executive communication skills? I’m a year into MBB (post MBA) and have had really great reviews on client, problem, and team

I've heard a couple of things about how the partner pension amount @ PwC is determined, both similar in approach.

Both calculations I have heard of result in an annuity paid until death, at which point a surviving spouse (if any) receives the annuity.

The first calculation I have heard is that you get 80% of your highest earning year as a partner (e.g. If your best year was $1M, you'd get $800k as an annuity).

The second calculation I have heard is that they look at your three highest earning years as a partner, and take the second highest and you get 100% of that. (e.g if your three highest earning years were $1M, $800k, and $1.2M, you'd receive $1M as an annuity).

Is ANY of this true, or just all rumor? Any PwC partners that can chime in and explain the pension plan fact for fact? Perhaps with sample numbers?

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@Partners - how much money do you need to invest I to the firm to get your partner share?

likefunny

What is your firm doing to develop and retain Latino and African American leaders/partners? Or is it not seen as a priority to have ethnic diversity at this level?

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Anyone got the skinny on Alix consulting?

Got pinged by a recruiter for an MD role in digital transformation

He claims they compete with MBB and Alvarez.

Thoughts?

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