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Please help me. I am joining Accenture as Application Development Senior Analyst next week. Please tell me how is the company? Does it have work life balance? Do they have short term projects(6-8months )or long term projects(1- 3 years)? As a Accenture employee, do you recommend me to join it? Accenture
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Have to disagree… I know of a lot more stories where PE has exponentially increased the value of the operating company to where it easily offsets any ownership they may have. PE does require partners to operate as business owners and there is more accountability, but if you are a partner the accountability aspect should already be there. As a younger partner, I see the potential of the PE deal and it excites me to be able to walk away significantly sooner than otherwise. This then opens the path for new partners sooner.
Thanks for the feedback. My hope is that this is how it actually plays out. The future comp and wealth creation is still there with more support to reward those of us pushing profit to the bottom line. Management that ignores numbers and results or relies too heavily on familiarity of relationships seems like it wouldn’t sustain after PE involvement. But I don’t have any real evidence to support the positives I’m hoping are real.
Is your firm at front end of talks? Just high level exploration? On the verge of closing a deal? I think the answer as to whether it's good or bad for you is "it depends" amd you meed to make certain you have a thorough understanding of a deal structure and its impact on you and others etc.
I disagree as well.
For those that disagree, excellent, please say more. It’s very early stage of exploring PE so we’ve been told very little beyond the opportunity to get 2X your equity paid out now and likely see a 15-30% annual pay decrease in exchange. Great for tenured partners, not great for less tenured partners. As someone whose equity is far below the value I’ve grown very quickly for this firm, the little shared so far sounds bad for me.
Younger partners still won’t have significant equity value at that point and will likely get primarily equity (with additional vesting terms) in the next turn as well. Meaning they have to wait for the next next turn. With significantly less earning potential in the meantime time. And no real way to know what the next turn will look like much less the one after that. They’ll get to see all the older partners make a bunch of money and take off. They’ll be left with whoever is left in charge by the next and next next investors (or acquirers).
And I don’t see firms using the additional capital for investments such as AI, but rather more acquisitions which further dilute culture, earning potential and possibly equity.
I just don’t see how this model is better for younger partners compared to the traditional model. Older partners, yeah congrats to them.
I totally disagree.