I've heard multiple people say at a certain age, it no longer makes sense to make partner. What does that even mean? I know you typically have to be a partner for 10 years to fully vest in the pension. But even if I were a partner for just 2 years, isn't it still better to be a partner? Year 1 partner comp might be almost same as your comp the year you made partner due to health insurance and buy in, but it's not like you're worse off as a partner. And you get your buy in back when you leave.

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These comments are typically focused on MD vs P. In some firms, for your first couple years as partner, you may have been better off in terms of take home cash as an MD. This difference goes away quickly and if you include deferred compensation, P is probably ahead from year 1. In firms there there is a vesting period, that may complicate things too.

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Sorry, can you elaborate on why partners pay taxes in all states and what that means? States typically account for taxes you paid in other states, so do you basically pay up to the tax rate in the state with the highest state income tax, which I think is CA at 13%?

If PwC, the MD route is better for those older sometimes because you wouldn’t have enough years as a partner to receive the full pension before you are required to retire

But MDs don't get a pension so aren't you still better off as a partner even if you don't stay long enough to get your pension?

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