One level below equity partner at MBB or equivalent firms. Spouse works in tech and both of us make $400-500k each. Have two kids under 5. How have people made the push from principal to equity partners in such family scenario with family commitments and spouse with demanding job. Struggling to find role models around me. Is it worth the push going all ?

likeupliftingsmarthelpful
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Wtf does your income have to do with the question…this is rage-bait, right?

likefunnysmart

Give your kids up for adoption. Problem solved.

likesmartfunny

A senior partner told me a few months ago that if she could go back to when her children were young, she would do things differently (ie not grind for the partner path). And she said what we all say but only realize when it’s too late: that they’re only young once and it goes faster than you think.

I personally hopped off the merry go round to spend my child’s youth with them. If I really miss it or want it, I’ll go back when my child is older.

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Congratulations! Enjoy raising your child!

likeuplifting

Just because you land at the “top” doesn’t mean the work is over. You have to be able to stay there. You have to decide if it’s also worth maintaining the workload. Every family is different, but let’s not kid ourselves that society wise we don’t spend enough time raising kids. Maybe that’s why things are how they are right now

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This is such a personal question with so many what ifs. Life is full of trade-offs. What it worth it to you might not be to someone else. Your income provides the luxury for outside support... housekeeper, nanny, yard man, even cook, that others do not. This removes some of the time stress but also reduces the effective net income. You also each earn enough for the other to be a SAHP.

You should consider your options...what do you do if you don't push for partner? Can you step back until the kids are in school and push then? And what kind of parent do each of you want to be? Are you the coach little league, work concessions or write checks parents. Do you want to be the room mom, go on field trips parent, the scout Troup leader, the Tap your connections for donations for the silent auction, or the drop my kids, thank you other parents for doing all that stuff that doesn't interest me.

Everyone has different skill sets and priorities. Do what makes you happy and helps build a great home life. Have the discussion with your husband about what each of you want. Don't just fall onto whatever you do, choose it.

Sadly not alot of roll models ahead of you. Maybe you can be one for others. Somebody has to be.

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Enjoy kids while still young. In 10 years they won’t spend anywhere close as much time with you.

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Yes it’s worth it because $2M is better than a mere $1M and $5M is much better than $2M. At the $5M mark you can really explore the finer things in life while building generational wealth.

funny

Children and family are the finest things in life

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Thats an incredible amount of PowerPoint to fill one household.

funny

Your options without changing jobs are 1) you don’t make the push until the kids are older and in school 2) you pay for help, you can afford it 3) one of you slows down the career so the other can lean in 4) all of the above

Is it worth it? That’s personally up to you. Be around for the kids or be around for more work will always be a trade off.

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Yes. Partner at MBB and have 2 kids under the age of 5, and a partner that works at a startup. It’s not easy but we do it. Nanny and house help are the answer. I’m saving as much as I can so I can step back sometime when they are in elementary school and do part time or a significantly less time intensive job. And I’m definitely a more lifestyle focused partner now too so make sure to be at the kids school at least once a month for parent reader / school events etc.

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For the rest of us, a nanny is raising partner1’s children

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noka

like

I am in a similar situation. I make $300-400k while wife makes $400-500k. Have two kids and no family support. Finding it impossible to go on.

One of us has to take a step back career wise for things to be sustainable.

like

Not easy these days at BCG. Culture is changing and I know a lot of female partners that are getting F*ed but BCG for taking time to have kids. Literally never thought I’d say this or see this. It’s really unfortunate

Hire stay at home Nannies.

Depends on your life outlook. I’m experiencing something similar currently (spouse is an attorney in Big Law, combined HHI is ~$6-700k). We both work too much and wish we could take less demanding roles but the likely loss of income is a major reason we have not.

Though, personally, I am starting to be more open to taking a role with lower compensation because money buy the time I’ve lost with my children. Luckily the only debt we have is our mortgage and we can still afford it if one of us has a make loss in income

They will screen your calls soon. Take a break.

You start out art the bottom rung of the partnership, so unless you want to continue grinding that, no not worth it

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