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I think it went okay
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I can’t think of any pros at the non- partner level.
Lots of changes and hard to identify any positive ones. You’ll still recognize some co workers after two years but everything else will be different and not in a good way.
Pro- if you want to be a partner and eventually become a partner, you will most likely not have to buy in. Our partner loans were paid off. The other pro is you will likely go through sales/recapitalization events over the course of the years. Meaning payouts instead of waiting till retirement for a payout. Employee side pros would be supposed more money to invest in tech make our jobs easier.
What tech are they rolling out at BT? We still don’t have billing systems synced lol
High performers at manager and above levels are getting equity comp
Not true in most cases.
It depends on the PE firm, you might get one time salary adjustment.
I left a firm when it was PE acquired.
Simplified tax reporting for partners ... No k-1s no states, no buy in...More PMDs, allegedly
Cons, no long term retirement benefits, cut throat evaluations with pendulum earnings, no way in leadership, top cares less about PMDs. Harder to get equity for these "lucrative" transactions.