Partners Only

Key differences between MD vs Principal at Deloitte? I’m in the recruiting process after 4 years as an MD at Accenture and being told that they’d recommend an MD position. Feels like a step back

likehelpful
Reaction Icon Like
Arrow Icon
works at

They are equivalent levels (equity vs non-equity)

Reaction Icon Like
like
Arrow Icon

Comp can be very different but so if the risk profile. Principals are naturally more relationship focused, but that is so generalized as to be unhelpful. Think of them as market makers. It is how they innately think. MDs, again generalizing, are master craftsmen, guiding solutions in all its complexity. Both can do both at a high degree of skill. But if you talk enough, the natural tendency can be determined. That is likely what someone responds to.

Reaction Icon Like
like
Arrow Icon

This sounds like great BS. I wouldn't jump from ACN MD to DTT unless they gave you Principal. What level were you? Unless you were a brand new level 4 I'd push for equity because like they said 'comp can be very different' (read: a lot worse)

Reaction Icon Like
like
Arrow Icon

Glad I could help, OP!

Reaction Icon Like
helpful
Arrow Icon

Why? As an MD we have a broad range of skills and focus, from sales to delivery, to eminence, to practice roles. We are employed instead of being owners. But day to day it is hard to tell us apart.

Reaction Icon Like
like
Arrow Icon

Ask them if all senior managers go through the MD role. The answer will tell you everything....

Reaction Icon Like
like
Arrow Icon

I can answer that question...no, they don’t

Reaction Icon Like
like
Arrow Icon

There is a big difference between Partner (owner) and an MD (employee).

Reaction Icon Like
like
Arrow Icon

Thank you both, this helps. Any Comp/Benefits differences that I should be aware of? And if the only difference is equity vs non equity, why would the hiring principal make the recommendation? Should it not be a personal decision?

Reaction Icon Like
Arrow Icon

Should I interpret that as MDs generally get paid less than principals?

Reaction Icon Like
Arrow Icon

No - there are lots of MDs who get paid more than Principals. Principal is a longer term (and riskier) play with most of the benefits vs MD coming from retirement. While MD can be an interim step before switching to Principal, some prefer the shorter term flexibility and not having to take the short term buy-in and tax hits of partnership. If you do plan to stay for a long time, you can enter the process to switch to Principal. Many have done it. MDs are not below Principals - i collaborate with and even “work for” some just as I would other Principals depending on their roles. Hope this helps. It’s a great place to be at the PMD level and the switch from a public to private company can also be a great difference.

Reaction Icon Like
like
Arrow Icon

Related Posts

Going through a breakup, have a work related all nighter in front of me, and tomorrow’s Valentine’s Day 🤦‍♀️ rough times

like
Reaction Icon Like
Arrow Icon

Feel kind of silly saying this, but getting more concerned about covid-19. I’m 28 y/o, generally healthy but think I may have high blood pressure, which I’ve read raises risk. Anyone else feel similar

like
Reaction Icon Like
Arrow Icon

Fellow Partners, can someone remind me when we are expected to get the new FPB bonus that came as part of the Partner package? Thanks!

like
Reaction Icon Like
Arrow Icon

Anyone like/dislike their Dyson V8/V10/V11 vacuum? Does it still get a lot of hair tangled in the brush like normal upright corded vacuums? Debating between that and a Shark self-cleaning brush one

like
Reaction Icon Like
Arrow Icon

With all this WFH people are having, we about to have some Corona-kids.

likefunny
Reaction Icon Like
Arrow Icon

Singapore here - we were all effectively fired today. Office is closing. Just wanted to share how awful this experience is. It’s been fun.

like
Reaction Icon Like
Arrow Icon

Just for laugh...

Post Photo
likesmartfunny
Reaction Icon Like
Arrow Icon

Looking to buy a rower due to corona and severe allergies. Does anyone have any recommendations or experience. Concept brand is standard but there are a few others on market. Thx in advance

like
Reaction Icon Like
Arrow Icon

Anyone own a Honda passport? How do yall like it?

like
Reaction Icon Like
Arrow Icon

Meow!

like
Reaction Icon Like
Arrow Icon

Would you date someone who’s everything you’re looking for other than their looks aren’t in line with what you want? I feel shallow asking this but I feel like accountants think alike

like
Reaction Icon Like
Arrow Icon

I don’t get why the entire world is freaking out about Covid19. (1) be cautious, (2) don’t visit elderly relatives, but the way I see it- everyone’s going to come into contact with it- it’s inevitable

like
Reaction Icon Like
Arrow Icon

One of my biggest takeaways from this whole situation is that the Wall Street Journal is a top, top source of daily news. Content, speed, minimal bias.

likesmarthelpfulfunny
Reaction Icon Like
Arrow Icon

Anyone else still have the pinned post about the A wanting to WFH? Super irrelevant now (and tbh I find all pinned posts annoying and wish we could opt out...)?

like
Reaction Icon Like
Arrow Icon

What’s big4 doing here

like
Reaction Icon Like
Arrow Icon

Biden or Bernie? Which one is in our better interest?

like
Reaction Icon Like
Arrow Icon

To the Republicans here, how can you sit there and watch the government you elected totally screw this virus response up? Watching an interview with a FEMA admin, and they don’t have a number...

like
Reaction Icon Like
Arrow Icon

My home to airport Lyft is always 40-50% more expensive than airport to home. Any idea why Lyft prices them this way?

likehelpfulfunny
Reaction Icon Like
Arrow Icon

Download the app for more exclusive discussions.