Is Director level within A&M equivalent to SM1/2 at Big4? Also, I have been told by A&M recruiter that I need to meet 2 more MDs as part of the interview process and I have already met 3 Senior Directors. Any idea what can I expect in my final two interviews and will there be any more rounds?

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Yes, A&M Director is SM 1-3, I would say the SD is equivalent to an SM 4-5

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(Within PEPI, at least) we bring in MDs from other firms at a D/SD level unless they are bringing an entire team/service area with them.

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What is SM? Senior Manager?

For what it’s worth, I’m a Manager in PEPI and recently got an offer to jump to KPMG as a Director

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I would take Director with KPMG any day. Yes SM is Senior Manager in some of the Consulting firms.

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What level is after Senior Director at A&M?

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