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Pro
Last I heard Accenture isn’t in Big4 either
Accenture=Sweatshop
Pro
Right, ACN MDs must hold equity in the firm, HOWEVER, it is a public company so the manner is very different.
A new MD L4 is given an RSU grant that vests in 5 years (single step) when the holding level is required. That grant is expected to cover that requirement.
In addition, MDs get annual grants based on hitting metrics around sales, revenue and chargeability. A new L4 total comp is going to range from $350ish to $500ish in the US. Much of that TC is in equity that vests more rapidly, and the terms are tied to age. Some grants vest equally over 3 years, other MDs with the same grant vest completely in 1 month.
Up to 30% of our cash compensation can be taken in equity that is matched by Accenture which vests rapidly.
It takes 3-5 years to advance to L3 where TC will be rough 50% higher, then similarly to L2. In theory, it is up or out to L2.
We have few L1s (~225). Our top 5 people's comp is public.
These are my personal experiences and I'm sure others can supply other experiences and ranges.
Similar to Partners, an MD's signature binds the company. Similarly, some of us work multiple projects across a singular client, and others are narrower and have similar projects across many clients.
I came from industry and my experience was that Accenture often had more MDs working together than when the Big4 proposed.
I only did cases with McK and Bain, never BCG. My experience was the average MB partner was brighter than the average ACN MD or Big4 partner. There are tails in each company I worked with with overlap.
Yes, it is an equity partner. Same as partner elsewhere.
Rising Star
MD at ACN is equivalent to partner.
Accenture is a public company - so technically there are no “partners”. Everyone is an employee.
Accenture is a publicly traded company - so the term “equity” very different in B4 vs ACN
MDs at Accenture have 4 levels. L4-L1. I’d suggest an L2+ is equivalent to Big4 partner. Before I made Partner I was offered an L3 MD position. I reviewed the comp offer and declined. I’m a 3rd year Big4 partner making about 2x what that L3MD comp was.
Rising Star
That's depressing. But I head MD's comp is mostly tied to stock vesting?
Great thanks. Lightening fast answers from y’all!