{ "media_type": "text", "post_content": "I recently received a VP offer at AlixPartners, can someone at AP help me understand this new profit sharing/ longevity bonus they have? The HR rep was not very clear given how new it is. I presume it is additive to any annual bonus or 401k match, correct? How does it work? How long is the vesting period? Etc.", "post_id": "609f03b89bfa9a00214dbf70", "reply_count": 12, "vote_count": 4, "bowl_id": "58f0df008ad7250010f8c590", "bowl_name": "Compensation" }

I recently received a VP offer at AlixPartners, can someone at AP help me understand this new profit sharing/ longevity bonus they have? The HR rep was not very clear given how new it is. I presume it is additive to any annual bonus or 401k match, correct? How does it work? How long is the vesting period? Etc.

like
Posting as :
works at
You are currently posting as works at

Congratulations and welcome to the firm. This place is low key ridiculously selective and you should be proud of yourself. To answer your question: it is additive. I’m not sure how kosher it is to disclose details publicly, but your comp will look something like this: * base * sign-on * year end bonus * equity (I think this is 2.5% of your annual comp at VP, I’m not too sure about vesting but think it’s in the 5-7 year range) * 401K contribution (somewhere 3-5% of comp I think?) I wouldn’t worry too much about it, since it’s not a huge part of your package. The attractive things about it for me are 1) it grows fast (along with the valuation of the firm) and 2) it grows at each level. Our firm historically has focused on attracting talent with big numbers, so I imagine your target base + bonus gets you to where you want to be 😉 I tend to not even think about the 401K and equity portions of my comp, but they do add ~8-10% every year. Happy to answer any other questions about my time here. Which group are you joining?

helpfullikesmart

Hey AP1, you forgot to mention Consultant (1-3 yoe) ! Will be joining as one next month :)

likeuplifting

Our shadow equity plan doesn’t kick in until 3 years at the firm. You will have plenty of time to read through all the plan documentation once you join - there are a lot of docs and videos that help explain it.

like

Also there is no 401k match at AP. Only what you contribute

Look up “defined contribution plan”. There are only two times a year when an employee is enrolled. It is also based on when you joined, so if you’re new then you may not have enrolled yet.

Related Posts

Signing bonus... if you have to pay it back is it the taxed or pre-taxed value?

Anyone can share insights on what is the average salary raise and bonus at Grant Thornton and Moody's investors service? Also, what should be the salary expectation range for a 6+ YOE, MBA, CFA ,FRM for New York Location in the financial services industry?

like

What is everyone’s 401k match?

like

Ladies!! What are we buying for fall? I need inspiration!! Bonus points if you’re petite and curvy too ☺️💖

like

PwC Partners.....can you explain the big operating model change that was announced that had no bearing on staff. Why announce it then? What benefits can we expect?

We have it worse than our parents. No real pension( defined benefit plan) which pays you an amount per month til death. 401k are at risk of the market.. while ceos and partners....make millions

like

Fringe benefits: Which firms have the best rental car/hotel discounts for personal use?

like

For people managers, will you choose to downgrade to individual contributors at FAANG or continue being a people manager in traditional industries (e.g., finance, healthcare)?

like

Is end-of-year bonus season a lost cause at this point? (In a firm with no layoffs or pay cuts yet).

like

Dropping my entire 401k in ETH if it dips below 3k again.

likeupliftingsmarthelpfulfunny

In these times, if your referral bonus is $1k or less for seasonal employees you are asking for: 1. Employees who put in work to refer people that end up negotiating a part time option don't work on referring anyone else. 2. If the potential new hire gets an offer, employees have 0 incentive to convince them to accept it. This can even lead to them giving negotiation tips which get the new hire a $5-10k higher offer. They may even recommend accepting a diff firm's offer straight up.

like

Anyone ever had to deal with unemployment benefits appeal?

like

How much is annual bonus at EY for a tax senior in NYC?

like

Does anyone else find it difficult to ask for time off? I haven’t taken a “vacation day” since February, billed 185+ hour months consistently through the pandemic (exceeded hours for 2020 bonus eligibility), and am feeling pretty burnt out. It’s hard because other associates in my department haven’t really taken any time off either (or it has been a day or two sporadically). Would really love to take some days over Christmas to recharge but I’m nervous about perception.

likehelpful

Really got into investing this year. Have about 60-65 percent of my money in investments (not including 401k). I want to add more, but not sure if that’s enough.

like

It’s time for health insurance enrollment. I live in Wisconsin/Milwaukee.. I don’t always struggle to pick the right provider. Any recommendations?

like

I want to FIRE. IRA and 401k are beyond my definition of the ‘RE’ idea since they can only be withdrawn without penalty at 55. Is the only other way to save for retiring at 40-55 an individual brokerage account and just accept the tax upon withdrawal?

like

Any healthcare industry people have clients who have outsourced their medical billing department? Looking for some ideas/recommendations on what outsource companies are used and whether you’ve seen good/bad outcomes from your client doing so. TY.

like

Can anyone from big 4 comment on your healthcare practices

like

401k rollover question — has anyone rolled over their 401k to their Roth IRA instead of a traditional IRA. or new company 401k? Can you explain your strategy here?

like

Additional Posts

What’s the best credit card to get for a first timer? I just finished undergrad and have never had my own credit card (besides parent). My credit score is 760ish however no established credit history

like

I was laid off from a resource management role, working with employees approaching or on the bench, working with managers to staff projects, and support functions like report creation, scheduling, etc. Roles like this are few and many large consulting firms have frozen internal hiring. Do you think it would be beneficial to get a SHRM cert? Would that help get a "talent related" HR role? Worth the money? I have a background in recruitment as well.

like

Got the Delta notification for weather issues in LGA tomorrow...who is adjusting their flights?

like
like

Any good books on how to be liked or get along with others? Looking back in my career, I’ve always had friction my manager and disliked by more than one coworker. It very may well be me and I want to change. I think I have issues with authority and grew up as an only child, if that’s relevant. 30’s F

likefunny

Going to Vegas for the first time in December. I have Marriott platinum. Are there valuable status matches I should do and influence where I look to stay? Thanks for the advice!!

like

I’m on vacation (only 3 days) - how do I stop looking at my email and thinking about all the work I’ll come back to?!

like

Which firms have the fastest career path outside of MBB and T2? I know those are up or out and they must be fast. But are there other firms that are known for promoting quickly? What is the average years to partner at your firm?

like

1:1s Vs Classroom Aide How should the roles be differentiated?

Looking for a WFH office chair for my desk. Any suggestions?

like

Accounting bowl, kpmg just announced we’re finally getting 2 shutdowns, one at calendar YE and one around July 4th. They will do so by moving 5 PTO days into the holiday calendar. How would you feel?

like

FDD or restructuring at the big4? Which would be better in terms of exit ops amd future comp?

like

Oh thank goodness you confiscated my Tom's toothpaste, TSA. I was planning on whitening someone to death on my flight later.

like

Big 4 guys, if you were to switch to a mid tier firm, which would it be?

like

Starting a new role soon (PM role - Biz Ops) Folks that have made the transition, what type of prep would you do in the weeks leading up?

like

which one of you going off on travel day...

Post Photo
likefunny

What’s the ideal mix of workplace flexibility and discipline? Looking to take my team to the next level, and while we want to preserve remote work and “as-long-as-it-gets-done”, we want accountability

likesmart

Happy Saturday :) Anyone at MBB willing to look through my resume and potentially help me understand what skills im lacking? Current international student that has had no luck with getting interviews through campus recruitment and I don't completely understand what's going on. I've had a few seniors and school coaches look through my app and they don't have any tangible feedback. I would truly appreciate your perspective, thanks so much!

like

I'm getting my MBA from the University of Arizona, how prestigious is the AACSB accreditation? And do MBB or Big 4 Consultant firms care about it?

like

What are some best practices for setting classroom norms?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal