New Partner here figuring out how to pay for my shares over the next 5 years. Better to do Prime or Fixed given expected market conditions? Seems close currently (5.9% vs 6% respectively.

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After your first year, use your bonus. First year is tough on cash flow

likesmart

Use free cash versus a loan.

Why would you pay it off? Usually the borrowing rates and the ROI arbitrage lets you earn 1.5% on the dollar. Wouldn’t it make sense to take that extra free cash and diversify into an alternative investment eg real estate portfolio, franchises. I’m a new partner as well and I have the same conundrum but I don’t see the benefit of paying off the loan. Also note that you are going to pay taxes on your deferred income when you exit and that’ll come out of your loan amount as well so it wouldn’t be the full value.

Agree with P1. I suspect our deal is somewhat similar to DTs and, as a new partner, taking these loans forever is an option but having less debt is more attractive to me—Peace of Mind and the ROR on capital is better than other investment options I have—we all have plenty of $ in mutual funds etc and a high fixed return is vastly more attractive than dumping more money into equities in my view. As far as real estate, being a rental baron is hard work—we sold our rental and only have primary and a vacation home (that I will not rent out to scuzzy Airbnb people—been there done that) and find that exposure to be good. Would like to invest in apartments or something like my buddy does—but be passive. Active is way too much work.

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Hey relatively new to sales but would say I am confident. But definitely have my bad days as well.
Any advice you would give to your younger self when closing a large deal? Having a hard time getting a client to commit. They keep changing the conditions i.e. if you do this we can commit etc. Thanks in advance!

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How is Spark44 NY to work at?

Spark-a-larkle? (meaning👍)

Spark-a-darkle? (meaning 👎)

likefunny

I’m so blessed to be in a position with multiple amazing job offers to choose from 😩 but the stress is real in choosing the best fit now…

likeuplifting

Shot in the dark. Just moved to Frankfurt and know no one, wanted to see if anyone was interested in seeing Snow Patrol on 3 July.

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Does PwC reimburse the $500 fraud fee paid when applying for an L1 visa?

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Is $120k base salary for a mass spec job (PhD entry level) in San Diego reasonable?

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Are our minds, as asians, just wired differently?

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Hey all, I'll be in Denver for a couple of days and was looking for some guidance on neighborhoods to check out/Marriott properties to stay at! Any advice is appreciated! Thanks

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As a business analyst who's working at a bank in technology operations, how likely is it for me to transition to a tech company as a product manager?

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Can anyone recommend an industry specific career counselor or service that I sent strictly for Sr. people?

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I think crypto is one of the best wealth creators since the early tech/internet days. Chance for lifelong wealth. And more accessible than ever because of the resources around us that let us learn with no real barriers. But I hope people really spend time to learn about this technology and how to chart. As it’s one of the best ways to create wealth it’s also one of the easiest ways to lose it. Be careful with euphoria.

likesmart

This may have been posted already, but what are top certifications to get around data management? Not talking specific like AWS cloud practitioner, but rather something more broadly applicable and marketable.

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Thoughts on H.I.G. Capital?Jk, we all know they're the worst

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Best sources for more advanced technicals? I.e. a step beyond peak frameworks into more like industry trends, multiples, etc

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Hello! I am a Technical Sourcer/Recruiter at a reputable FinTech company. I would like to transition into Project Coordination/Management within the tech space. Any tips for the transition? Recruiters: I am open to entry level & contract roles to gain experience! Thanks in advance for the assist!

Received 2 job offers, one ~10k lower than the other, but still a >30% increase in my current pay. I think the lower in paying job fits me better , is it ok to counter offer asking for more? Do companies usually have wiggling room for this?

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Any advice on exploring career options within law? Current corporate biglaw, I enjoy my firm but hate the 24/7 fire drills that come with firm life. I don’t know if in-house would get boring over time. No idea what to work towards anymore.

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What does average grade level 27 earn in optum?

My friend with 3 years of experience moved to gl 27 and is paid 27

Hi guys in Accenture, myCompetency, for Primary Skill assessment is there any proctor checking or it's just an assessment without any proctor or supervision?

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Additional Posts in Partners Only

How many of you donate to your alma mater? How much per year?

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Which title sounds more senior: Associate Director or Principal Director? It’s a pure ego question to be answered with your guts.

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Anyone here moving from Big4 to Genpact SVP? They seem to offer a lot to move but wonder how the transition has been on née growing consulting / digital services? Also worry about brand downgrade but then compensation upside is 2-3x. Appreciate candid feedback.

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Joining ZS … what are few things I need to keep in mind to become successful and flourish in the firm? Would like to hear from partners who are direct admits and have been successful at ZS

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Any tips about getting invited to join non profit boards?

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Any suggestions on how to get an adjunct teaching role at a university. Don't need money or prestige. I enjoy teaching and gives me something to do when I retire in ~10 yrs. Many colleagues who do this are big alumni donors. My Alma mater is too far away to be practical option. I'm an expert in a very in demand field - get quoted in articles all the time but have not been able to connect with anyone in academia.

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I am being recruited by McKinsey. I am just starting the process so who knows what will happen. In the summer I had an offer from EY, which was good, but I actually felt like my role at ACN was just too good to leave. However Mck seems to focus on really interesting problems to solve. My questions to other partners out there - if you left another firm to go to Mck, why? If you considered an offer but decided to stay where you are, why? Don’t want to waste people’s time if I’m better off at ACN

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What are the things that you do to continuously build your network?

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Anyone else feel more disconnected from the younger people after mid 40s? I understood their plight, knew the lingo, knew what kind of in-person gatherings would be fun, etc. All of a sudden I feel like I have no idea how to connect. I want them to get off my lawn and I’ve never felt that way before. Just looking for an ear.

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I am so tired of Deloitte allowing bias towards MDs. Only because you are not an equity partner, your voice is automatically muted, you can contribute but you don’t get to decide. The minute a senior manager gets promoted to a principal, he gets on top of an MD with 15+ years experience and treats you like he is your boss. I mean this is a cast system at its best! I can’t wait to leave this firm, COVID can’t end fast enough.

likehelpful

I just got a second $500 as a child tax credit. This is a credit against my child tax deduction for 2021, right? Weird that people like us are getting checks from the gov, but I guess its faster/easier than means testing.

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Is anyone here a member of Zero Bond club? I am interested to hear your feedback and value you get. Thanks in advance!

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Seeing a lot of attrition within Deloittes M&A practice. What’s happening? Culture, pay, etc?

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Any recommendations for great executive presence courses you may have taken (preferably online given current times or bootcamp like)? Did it help incrementally or significantly? Thanks in advance.

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For partners, can you offer me some benchmarks out there for % base vs bonus and total cash comp on upper end?

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Considering an MD position at Accenture and need to give comp expectation, its on Strategy side. Of course its based on my own need and desire, but like to hear from (ex)MDs at Accenture if 400k sounds like a reasonable ask for base. And can anyone help me understand the difference between L4 and L3? For reference, I am a Senior Principal with almost 2 years executive industry experience post consulting. Thanks for any insights!

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Leaders, Could you share your thoughts, that you are willing and able to share, regarding:
1. How are your clients viewing post-Covid in-office work?
2. How do you think expectations for face-to-face work and travel (and the associated expenses) will change for your teams based on client expectations?
3. What are the views of your teams re: willingness / eagerness to travel?

likesmart

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