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Accurate
We have a view of spectrum from zero to Partner. We would place you on that spectrum. There's a default answer to that question, but it would be refined during the interview process.
We don't view it as a separate track.
As OW1 said, model is built around competencies as opposed to education / degrees.
I've heard rumblings of the firm moving to hire more MBAs from T5 to keep up with business growth, but even if it does there's no way it abandons the merit based system.
They do but more in Europe. My American friends at OW all came out of Europe.
Any reason as to why they don't?
What level do you enter if you're straight out of b-school?