I’ve seen multiple Directors promote to MD instead of Partner at PWC recently. Has MD become a stepping stone role between D/P or is this coincidental? (curious alum)

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Different teams are using it differently, and in some teams it has become a stepping stone (although more realistically, it’s been an outlet to provide some upward movement to directors who would otherwise be stuck without promotion for many years).

likesmart

Instead of “realistically” I would say “historically.” There a number of teams that have now embraced this as a new path to fully replace the D->P admit process in order to provide more recognition and comp improvement while building the partner case

It makes it easier for when they spin-off the non-audit practices

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At KPMG, MD is required role before partner for Advisory and Tax and has been like that for a decade. Only audit still promotes direct to partner and that seems to be driven by state accountancy rules in some instances. There are still a few Audit MDs too and it’s sort of unclear how they use that role.

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At ZS we have only one path and no MD role so curious to understand do some folks stay MD for ever and is that considered a reasonable career path?

Yes

Of course. It’s a significant accomplishment freed of forced retirement. Good gig.

The ratio of Director —> Partner at PwC far outnumbers Director —> MD. The latter is really used in exceptional situations

There a number of teams that have embraced this as a new path to fully replace the D->P admit process in order to provide more recognition and comp improvement while building the partner case

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They hired so many of our directors at Ps that they cannot sustain their internal path to P.

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