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Any connects for black design professionals?
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Hey pwc mobility tax folks !!! How are you feeling after moving to vialto partners??? Is it good enough? Paying good? What about benefits and other perks??? Pls help me as l was selected for pwc but did not join and now they are saying to me join vialto partners and revising my offer letter .. pls advise is it ok? Or is there any difference? PwC Vialto Partners PwC India Pwc AC
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My understanding is that partnership, at least at the larger firms, is often very political and at times un-meritocratic. The partners with the largest comp packages are oftentimes just the ones who have been around the longest or who played their cards right with the other partners, not necessarily the ones with the biggest or fastest growing books of business.
What I think you’re seeing is PE getting into mid-sized firms and specifically trying to target the latter group of partners for recruitment with promises of higher pay.
Also, I could be wrong but I don’t see a lot of these direct admit roles being filled by Big 4. The Big 4 tend to have a lot of conflict issues, consequently take on different project types, and have a different route to market then others in the industry, making their business less compatible with mid-sized firms. My observation is that most of these direct admit roles go to people at consulting firms like A&M, AP, FTI, BRG, Kroll, etc.
I’ve seen plenty of Big 4 MDs/Partners go to mid-tier. In the last year or so a few have gone to BDO and RSM, for example. Why is this of interest to you?
In the industry and will be for many years. Just trying to understand some of the future outlook and reasons for actions by those at the top.
I find the “book of business” term for consulting quite puzzling. Yes, relationships matter, but It’s not wealth management, jumping to a competitor you’re likely not bringing any of your clients for 2+ years. Similarly, the difference in partner and MD is not the size of the book but the ability to open up new accounts and relationships.
Professionals in our field are often brought on board based on their CV rather than their current firm, especially when the job involves providing testimony. And as you noted, this isn’t a traditional wealth management setting, so there’s a strong chance you’d be able to transition your attorney clients over as soon as as a new lead surfaces, even if it’s right away.