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Bain & Company Hello, I received an offer as a Senior Practice Manager at Bain. The profit sharing range is 0-12% in the offer letter. Is it typical to receive the midpoint (6%)? Also, what do the annual salary increases typically look like? Any insights are much appreciated. Bain & Company Boston Consulting Group McKinsey & Company
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My firm closes for 4 day weekend and…. As a partner I worked all day. Finalizing planning review for some jobs, finalizing 404 review for some jobs, working on 2 private that trying to get out. Putting out a fire with client caused by meeting team had yesterday, actually spoke to another client for 20 mins when driving to pick son from school and waiting out front. Spoke to one of our SM’s who is thinking through career options. Actually spoke to another SM who that first SM also spoke to about career options. Caught up with the second partner on one of my jobs about some things going on next week and shoot it was so long ago I spoke to an AC chair this am.
Paid a lot for what I do so not complaining … but to imply we do nothing. Come on man!
They win clients so that people can stay employed
The ones I see are having discussions with the senior managers or directors regarding significant risks / how to execute complex testing. Some even do coaching directly with seniors depending on the team structure. They have to review certain work papers that require their sign off. They’re on phone calls with the clients’ audit committee, or fielding calls from the ceo, cfo or controller for accounting issues the client is concerned about. But yea the main thing they seem to be doing is digging just enough into each audit file to determine if they’re gonna be okay putting their name on that opinion
At KPMG they travel all Summer and they will show us their pictures when they came back in fall
They take all the risk
They are heroes
Keep the pipe dream alive so more young sheep come in and they keep making money for them. Newsflash- B4 are a scam
I am generally double booked all day long: client discussions, accounting discussion with professional practice, independence discussion with team, independence discussion with independence, career discussion with team member, career discussion with leadership about team member, recruiting call with an administrator at a college I recruit for, call with recruiter about upcoming events, work paper review, discussion about work paper review, call with audit committee chair about upcoming audit committee, audit committee meetings, board meeting, client meeting, high performing team session, EDAP meeting, meeting with HR about a team member, coffee chats with mentees, lunch with team, lunch with client, event planning meeting, signing opinions and RAS which if taken lightly then our whole firm is at risk.
Same thing you do. Oh and count their bazillion dollars
They’re not really in the file.
Smooze
As you can see from the comments above, career discussion/recruit is their second main task.
… not sure if we’re reading the same thing but recruiting/career discussions were only a small part of their day… sure, as an associate or a senior associate, it may appear that the partner is just socializing and not reviewing workpapers but that’s not the case. As someone who’s been in audit committee meetings and quarterly update meetings, it’s a lot of information gathering, providing clients with the guidance we’re allowed to provide, and analyzing how that’s going to impact the audit. There’s also so much work outside of the audit file that you just don’t realize until you get to a higher level.