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What is first year partner compensation?
Additional Posts in PwC P&T
P&T moving to cohort. Thoughts …
“market data” 🤣
ONE p&t partner? yikes.
Is this where our salaries went?
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… ascend. Sounded like it’s just an endpoint for people who can’t make MD. Opens up the salary grid but no formal title change. Meh? Probably better than not having it.
What's not to love? Carrots with empty calories! Sign me up! Nom nom nom!
The fact that it’s just for P&T and won’t be in workday shows it’s just made up. It’s d5 rebranded to make you feel like you got a promotion.
More money is nice. But I’m sure it’s not for directors who won’t make md. It’s probably to make directors who won’t make md in next cycle to keep them happy since they probably at top of their bands
As a fairly experienced D…It’s a complete joke and makes me want to quit.
The premise here is that no product deserves the full attention of an experienced Director, and if you want to make more money, you have to dilute your impact across a bunch of mediocre low code/no code stuff or you have to go on some BS task force designed by our space cadet leaders. Oh…and if you’re on Concourse or one of the products that generates 50 mill of fraudulent revenue don’t worry about it. You can make senior D while doing the work you like. This only applies to the product teams the Partners don’t care about.
Let your talent cook. And our products actually do need senior oversight. This is a joke move by a joke Org.
Between this and the budget catastrophe that is completely a product of an incompetent strategy group, I’ve never been more down on this Org.
There is no accountability for business case so every product becomes a pet project for whatever partner is willing to have their name attached to it. There’s no pushback by PMs on that partners whims, no actual roadmap execution, endless confusion about funding, lack of execution on revenue and so forth.
There’s a dance each year about what funding and revenue targets look right and feel acceptable to the practice while the strategy gathers dust.
No accountability also means that the strategies themselves are never evaluated for being good or bad either. There’s two angles for failure to meet a business case: the execution or the case itself.
I actually read it as being a parking spot for directors that won’t make partner. Seems like there are a lot of us that want partner but the path seems too hard. So stick us in senior director and pay us a bit more while we wait… probably forever
This honestly just sounds like a way to deal with the fact that we have a lot of directors but still no clear Partner path. I think it is going to look a little silly too considering it doesn’t exist in Consulting. Oh you are a Senior Director, what is that? It kinda feels like a made up IFS title.
I thoroughly enjoyed the fact that it won't show up in any systems. Soooooooo official and real. Like my RL telling me that I'm a "rockstar director" who's been on the cusp of partner for six years 😂
They been rolled that out months ago. Talking to a senior director they said they will never make partner and they’re only 5 partner’s that came form P&T
My current director is a SD now. They’re just doing it slow across P&T
Goodness. Lot of chatter about this. Would anyone NOT take a Senior Director promo?
You aren’t sticking around for senior director pay. You stick around for partner or MD pay. This is just delaying that more. Time to get out.
Lol.
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Just out of curiosity, what’s the difference between M and SM? Is SM just another meaningless title with more money?
SM is more pay, responsibility and exposure
Is it a mandatory step for partner?
P8 if you knew any history then you know that p&t had to make those candidates md because the path to partner in p&t is still not solidified. Just because there are doesn’t mean there will be.
Regardless I know my path so not too concerned. Maybe you are justifying why you won’t be partner to yourself and hence the assurance needed that no one will make partner if they are senior director