Looking for advice in context of being a EY SM that will be part of NewCo if it goes through. Would I be better off shooting for MD this year vs waiting 2-3 years for Partner?

like
Posting as :
works at
You are currently posting as works at

Depends on probability of MD vs. P/P.

If MD is path leadership offered this year, chance of P/P is lower or nonexistent.

like

Until they give some clarity on deal economics it’s all guessing. Historically it’s been harder to go MD to P vs SM to P, people get branded as non-P material when they take the MD title. Comes down to how large MD deal grants might be vs SM

like

Take the money, then hop elsewhere and level up, then come back as Partner.

like

Curious about the difference between partner and principal - I always thought principal was more aligned to MD

Principals are equity partners that are non cpa. They hold all rights of a partner with the exception they could not be chairman

helpful

NewCo won’t have partners

How many minimum appraisal cycles are you away from being nominated for the Partnership ? If it is 2 or more then you have no change of making a Partner. And in that case, better question is - how will the new Co consider ppl for MD position? Honestly no one knows an answer to this. Moreover, only senior Partners are going to enjoy the split while junior Partners will pay for Seniors farewell party. From what I have heard, in new Co, MD comp will be 35-40% lower. So the initial comp will also come down in a similar manner. Even better approach will be to ask this directly to your current Partner. They must know what the team is thinking before they are about to cast their vote.

@SM2 - have got my ears 👂 in the whispering alleys and I must tell you that there is a lot of whispering going on. At EY, this is the topic of the century and interestingly, my friends in other B4 are also equally curious abt it...

Related Posts

Does PHR certification help in India, as this is globally recognised how much valuable is this currently in indian job market.

Do we got some good offers or its another certificate just to add to CV after so much of investment & time I don't want to get this wasted !!

Need suggestions ??

Experienced HR Rep here looking to pivot companies. Anyone have any recommendations or can help get my foot in the door anywhere?

like

i joined s&P global recently, I didn’t like the project, how easily can we switch the project here and after how many years?

like

Is the EA role fading? What other roles can I transition to with 6 years of experiences as an EA?

like

I need your honest advice one which options below is better for career projection into leadership roles:
Staying in cybersecurity consulting and moving up the ranks or exiting to product management at a Faang and then no idea what?
Like when you become product manager at a Faang what your career into leadership look like?

like

Is Mercedes Benz (BRDI) and Daimler Truck (DTICI) both are same? If not, Is it good to join DTICI as a consultant? Tech Stack: Java, Spring Boot - 2 YOE, Considering mainly Job Security, wlb, Career Growth. Would someone please clarify these doubts. Daimler Truck Innovation Center India Daimler

like

Anyone here who made the exit from Big 4/MBB consulting to a VC? If so, I’d love to hear about how the experience is so far. (Not to mention the WLB and comp!) I’m considering a career change but have no one in my network I can go to for insights. Thx! 🙏🏾

like

If you had $5k to spend on courses or professional development, where would you spend it to maximize ROI in terms of PM career trajectory or building useful skills?

I'm curious to hear answers in general, but can provide more specifics about my current role/skills/aspirations if needed.

like

The longer I do this job, the more I want to accept a tech job... no travel, same / better pay, no annoying clients...

like

I am joining IBM 7A Band as senior Application developer.How much time it takes to get band 7B. I wanted to know about band progression and % increment they give in that.IBM

like

Best firms for talent side entertainment transactions ? Then other wise entertainment transactions? Doing a bit of it at a big firm but would like to make the full time move.

likehelpful

At what point in your career would you consider moving from consulting to industry? Looking at the sustainability strategy side of things

like

Management consultant evaluating an offer from Google’s Go-to-market team (Strategy & Operations) in India. Two questions:
1. Given it’s an internal consulting role, are the hours equally bad / worse than consulting firms?
2. Is it virtually impossible to move to a product ladder after spending 1-2 yrs in the role?

like

Hey all, I want to know how everyone got into game design! Either just the interest or the industry/ your current position, how did you all get to where you are?

like

It feels like my pay and title are lower than my scope of duties. I manage Youtube channels and do all strategy, planning, talent management, rework content for socials, reporting, graphic design, + a bunch of other stuff. Do you think I should be something like Video Content Manager? A Strategist maybe? My company doesn't have career pathing & I think they'd be happy to keep giving me more work with the same pay. TIA!!

like

I have US and Can. HR designations and about 3 yrs in HR in Canada. I'm currently in a process improvement role in healthcare, but really want to work in HR. I live rurally with literally no open HR roles close by. I may have the opportunity to work in a quality lead role with my current employer, but I plan to move back to the states in the next few years and want to stay marketable. I'm searching fervently for remote HR roles that may also offer US experience. I'd appreciate your thoughts!

like

Any art directors/sr designers who have successfully pivoted out of a creative role and into something else? Ive been working in visual design for 10 years and I am BORED but have no idea what i could be doing instead. The politics and subjectivity of doing corporate creative work has left me feeling drained. I never want to have another conversation about making something 10 pixels bigger. Tell me how you got out, im desperate for inspiration.

like

Former big law associate here who burned out. Now a corporate inhouse counsel.

Been recovering and considering going back to actual legal practice.

I feel I need a new practice area.

One that impacts people’s lives and is meaningful, but where you don’t have to deal with disturbing facts and personal tragedies.

Any suggestions?

like

Is IB worth the sacrifice of WLB? Obvious pay is really good but are the prestige and pay worth it if you’re planning on only doing it for a couple years?

Currently working at an IRA with great WLB. Honestly I love my job, the firm, and people I work with.

Also doing MBA part time at a T15 school. Thinking about switching to IB but I’ve done my research and I think I would burn out of IB in two years but I might be ok with that for the opportunities after.

like

More Posts

Looking for some UGC gigs. I can do unboxing and demos. Rates start at $100 for a video, and $20 per photo. which is significantly lower than others in the market. Just trying to get more content creation under my belt. I specialize in social media as a director in a marketing agency, so I know what will perform. Give me a holler if you need UGC for your brands! :)

like

Black men, best barbershops located in the loop?

Come on Bears we need a win!

likefunny

I couldn’t finish the first episode of Handmaids Tale. Too disturbing. How does the world binge watch this? 🙈

like

We have limited vacation days but “unlimited” sick days. A coworker is constantly forecasting no vacation and then using sick days to take vacation and tells us after the fact. Is this wrong to do?

like

I’m hoping this Willett rye scares away these manor Sunday scare is. 😬

like

Where do you find the time to get everything done in the day when you have multiple partners, associates and equity partners that interrupt you and want things turned around immediately while simultaneously working on deadlines? I feel like I’m the only one that can’t manage a 70+ case load without letting someone down. I constantly have to say “Can I do this tomorrow?” Etc. I don’t even have time to bill on the clock. I work until 7p at least every night. Top 10 family law firm.

like

Did anyone start WFO in Hyderabad? If so what is the occupancy in your office ?

like

I am not in account but would love to have a more comprehensive take away from meetings particularly client feedback verbalized. How do you account folks do it? Tips and tricks? Thank you!

like

Hi Folks! I got selected for a position with Unilever India, Finance Excellence team. What should be the expected fixed salary range? Have 7 YoE and also have skills in Data Science.
TIA

like

Best LAX shuttle service? Used Uber for every trip, but would prefer something with terminal pickup. Might as well book both ways elsewhere. Cost not the biggest factor but reliability.

like

What would you consider "Advanced" or "Expert" level Excel usage?

like

Based on true incidents

Post Photo
likeupliftingfunny

Currently working at ICICI Bank with 3 years of experience in TxB with custody back ground.

Handling AIF, BROKING, PMS. Have knowledge of IPO, RERA and other segments.

Looking for change can someone help?

like

Hii looking for job as accountant in gurgaon location in one have any reference please help me with this. I have 5 years of experience in same field.

Just bought my first NFT this week (DeadFellaz)! Anyone have other projects they like I can support?

Post Photo
like

Fishes, how were the appraisals in general at Deutsche Bank for roles in Mumbai location? Understand that they got concluded only recently so it will be interesting to know. While it may vary from function to function but we will atleast got to know a ballpark figure. Also if you could add your designations, will be great.

like

Hi, can anyone tell me what will monthly in-hand salary for this one.
PwC Deloitte

Post Photo
like

folks on H1B - have you worked remotely from outside of the country, but not your home country? is this legal?

like

Additional Posts in Partner One

If an employee files a complaint about workplace behavior, do you treat them differently? I'm faced with reporting an SM for bullying and finding it near imposible to believe that it won't (cont'd)

Partners, need some career advice. I'm in a niche BU at a big 4 focusing on risk related to certain cutting edge innovations in my industry (intentionally being vague). I'm being heavily recruited by a competitor firm to jump. I have just over 6 YOE, looking to promote in a little over a year (which would still be early at my current firm). To clarify, I'm not looking to leave, but will never say never. Firm looking to poach talks big game RE comp (potential to double my high 100s salary). Cont.

likehelpful

Big4 partners, do you feel the journey has been worth it when gauging by the variables of money, family, sphere of influence, and happiness? Or industry still seems more alluring? Thanks for your wisdom.

like

At what point you start coming on radar if you have been on beach for significant amount of time? Like Since thanksgiving . Is there a schedule to let go?

like

@Partners - how much money do you need to invest I to the firm to get your partner share?

likefunny

Partners - absent the paycheck, do you enjoy your job? Regardless of yes/no, did you enjoy the path to getting there? If you didn't, what convinced you to keep going at it?

like

Partners - do recruiters/headhunters ever reach out to you? What types of roles/levels do they reach out for?

When you independently search for other opportunities (if you do), what types of roles do you look for?

like

I’m one of the top performers in the company and got invited to the company’s emerging leadership program. I always meet all my goals and deliverables on time but still feel like half of the time I’m not even doing anything (or performing my best). How do I leverage this ‘off-time’ into something productive in order to progress faster?

like

Just got promoted, still not satisfied with the comps - will it be received poorly if I ask for my compensation to be readjusted based on competing offers ? I have 3 that are at least 30% higher...CNT

likehelpful

At some Big 4 companies there is a Partner / Principal group that has equity and are part owners of the business and an equivalent Managing Director group that does not have equity and are essentially employees.

How does it work at McKinsey / Bain ? Do those same distinctions exist across partner types, owner vs non owner?

like

If I accept the promotion to Partner/Principal what's the least number of years I could work without it being a financial mistake. I have an opportunity to do something completely unrelated that's my passion, but I feel like that's the wrong decision when I'm this close.

The other opportunity should still be there for 2-3 years

like

What is base pay range for L5 at Accenture?

like

Any good book recommendations that helped give you the confidence and tactics required for a transition to leadership role? Newly promoted SM looking for inspirational reads.

like

Partners with kids and a working spouse, how do you manage? Is it realistic for both people in the relationship to work full time long term? How do you keep marriage going and career progressing?

likesmart

I've always wondered this ... How do PPMD's find new opportunities.. like is it mostly through networking / grapevine.. or something more structured?

like

Partners, I imagine some of you are older. Do you remember a time of instability such as this in history? How has the media changed over the decades? How are you thinking about the times if at all?

likefunnysmarthelpful

Any thoughts on compensation and benefits comparison between Singapore and Canada? Would it be worthwhile to move from Canada to Singapore (other than for the weather)?

likeupliftingfunny

Partners, what are some of the biggest sacrifices you made to get partner, and knowing what you know now, would you make them again, or forgo the partnership (if those were the only 2 options)

like

PwC is getting a lot of hate out there :(

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal