Is it worth it to pursue partnership for someone who is older? There is a mandatory retirement age, and full vesting of retirement benefits is not likely to happen before then. Also the whole structure feels like a pyramid scheme - you pay out to others huge chunks of money for many years and have to recruit new blood to ensure your own retirement.

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No one who asks these questions has ever been able to define what “worth it” means.

likefunny

Seriously

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If you are in your 50s and the retirement age is 60, then no sense in equity partnership.

likefunny

The “buy in” throws ‘em every time.
Again, explain why it doesn’t make sense to earn significantly more than you would otherwise.

Of course it is worth it. The comp ceiling is lower for a MD compared to a partner. Regardless of whether you vest fully, your annual distributions alone will be attractive.

likehelpful

OP, give more detail. what is the retirement age? How much buy in? And obvious Qs: is your pipe aligning to partner level growth and what about your network to go to market?

Pyramid scheme exists in all firms. You can say the same about credit sharing.

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Generally current comp as a partner is far better than the other options (MD, industry, etc). Think of the retirement vesting as a cherry on top, not the main event.

25 years is a crazy long time. Also worth looking at the plan and seeing if it’s a funded vs unfunded, qualified, etc.

likehelpful

If you have a book, yes. Make it worth it for you..

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Define older in relation to the mandatory retirement age?

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likefunny

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likesmart

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likefunnyhelpful

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