The Partner Pension is the most underrated Big 4 feature out there. Make $3-400k per year from 59 until you die on top of your savings Roth/401(k)/investment income/social security? Dam Son. 🙋‍♂️🤓🏅

like
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

The second someone monkeys with the defined benefit pension, anyone with talent will leave. They better figure out a way to fund it. The entire comp model is to make less than you would in industry for a bigger parachute at the end. I thought you couldn't draw 100% until 60 though. I'd really like to partially vest with 10 ish years in partnership and 25 in firm and retire at 50... I don't want to earn all of that and then only enjoy it for 2 years before I die.... dreaming tho.

like

Consider the impact of technology, automation and potentially innovation like Block-Chain and what will that do to repetitive work like tax/audit. Tax/audit make up the majority of business for the Big4 aside from Deloitte, so less work means less people and revenue and then consulting has to carry the burden of the pension for tax/audit. Newer firms don't have that overhead and this market is far more competitive now than a few years ago.

like
Recent IconRecent

Problem is the stress catches up to you and you only live to 65

like

Yea, but then you have to spend your career at EY ...... 🙊 (shots fired haha)

like

Recruiters....

like

Not underrated when it only applies to 2-3% of people

like

Not a Big 4 consultant anymore, but it's better than that. It's the average of your top 3 years of salary as an annuity. And most end up making more than 3-400k if I remember correctly.

like

It is the best potential benefit but the risk is in it actually being there. The avg age of an S&P company in 1965 was 33 years and by 2026, it is forecasted to be 14 years with 50% of those companies being expected to fall off. So at this rate of disruption, do you believe your company be there in 40? Will it have enough people and revenue to cover the overhead of a pension?

like

Is this real? That's crazy. I guess you do have to sign your soul over though

likesmart

Don't worry it'll be massively underfunded when we make it to partner level.

like

How can healthcare benefit be better than 400k cash? (Also, its only salary, not full compensation, that's why it's 400ish instead of 1M ish)

like

OP ... nothing about the partner pension is underrated. Its the main reason ppl stay at EY (or D). Its the golden ticket.

likesmart

Where'd you hear that? Anything is better than relying on social security and paltry 401k balances getting you past 75...

like

The math is different now, it's not a defined benefit but the firm will contribute significantly during your years as a Partner. Spend 10 years as a partner and expect $3M in your retirement savings, still not too shabby but no longer $400K/yr until you croak.

like

Yeah it's wild

like

How has it changed? EY one is 400k per year if you fully vest (meaning make Partner by your early forties)

like

Didn't Deloitte just change theirs in January? Used to be units based - now there's a lump sum and lower drawings?

like

EY4 is right... defined benefit plans are old news and horrible unfunded. Don't count on it.

like

It's funny how closely guarded partner comp is if they truly mean that they want to see all of us succeed and make partner 🤔

*spoilers* they don't mean it

funny

Agree, how in the world is it underrated. Talked about all the time

like

Related Posts

Any healthcare workers currently working in the cath lab?

like

Interested in talking to any diligence folks that came from big 4

like

EY-Parthenon

Do salaries and contractual benefits differ from the different practice areas of EY-Parthenon? Specifically from EY-P TSE/FSO and EY-P Strategy.

like

New B4 experienced manager. Can I realistically expect a faster promotion timeline to SM? (e.g. 2 years instead of 3-4 yrs)

like

I’m leaving my job that I have been at for seven months because I found a similar role that pays way more plus has better benefits. I want to leave on good terms because it’s been a good job and my boss is super low-key. I just wish I had done more salary research before taking this job to negotiate better pay. What should I tell my boss?

like

Chicago salaries for senior, manager, and SM? B4 vs Midtier?

like

Any boomerangs within Big4? Like switching between big 4s and going back to same Big 4?

like
likefunny

Doing an SPG status challenge. Will hit Platinum next week, checking out friday. Checking into a hotel next weekend....will i get the plat benefits immediately?

like

If i have chosen new tax regime for this year by mistake,is there any way I can change it mid year,? No 80c benefits m able to avail.Also, can i can claim ITR in July 23?

like

Hey, work at Big 4 in San Diego office doing fin services - want to move into something techish related in San Diego. Any thoughts?

like

My company just announced extended maternity leave a week after I got back from mine. Instead of getting the extra eight weeks, I took those unpaid. Is there anything I can do about this? I can’t help but be really bitter about the timing of all of this.

like

Would you stay within a business that offers a great pay, benefits, 100% tuition reimbursement but the job was mindless where professional growth lacks… or would you find another job offering professional growth but not that great of benefits?

like

Phone interview this afternoon with another B4 experienced staff position. Any tips? Trying to move service lines and an offer from another firm seems to be the best route.

like

Going into fpa after one year of b4 and omg I'm so happy I could cry !!!! No more tickmarks!!!!!

like

It seems like it’s really slow with the hiring process at this time of the year. Any advice or thoughts. Looking for opportunities in healthcare consulting.

like

How's HC consulting in the B4? How are the hours/projects/people?

like

Best answer for “Why are you interested in this firm” when applying to another Big 4 lateral move. In my case it’s money but don’t wanna say that right away to the recruiter

When jumping to the big 3 will they ask your gpa even if it’s been several years? I networked my ass of to work for offers at big 4, was not sure if gpa would still be neede, I went to a tier 2 school

like

How does partner pension work at PwC? Is it still defined benefit for new partners? How is it calculated?

like

More Posts

my current package in ibm is 19.9lpa fixed. How much wipro can give for 8.6years exp?

Hi, Sharks,

Tech Stack- .Net full stack
yeo - 7

My profile is in process with Optum. I have a few queries I might be part of Alere Wellbeing.

How is the Alere Wellbeing org?
How is the quality of work in .Net projects?
How much Optum actual pay from 20℅ variable?
How is the year hike?

Please need your help

Which are the best job boards for Indians looking for sales roles?

Any niche ones for sales?

like

What salary range should a Senior Strategist/Planner expect to be making?

like

Anyone knows PwC hertz code?

like

What’s your auto insurance and with whom? I’m paying $400 with desjardins and it’s crazy! Need alternatives.

like

We are considering implementing Kazoo mainly for an electronic process for Performance Goals/OKRs and 30/60/90 plans. Curious to hear about your experiences with Kazoo?

What’s a practical gift for someone starting law school? Any suggestions are much appreciated!

like
like

Going to a holiday party nxt weekend and I’m supposed to bring an appetizer/hors doeurves (i know that’s spelled wrong but I’m not looking it up lol) Any good holiday inspired suggestions/recipes?

like

This place is gonna be so lit now with all these ex-Cooley associates running around with nothing else to do. I’m here for it.

likefunny

How much inhand will I get for ctc of 14.5L
Including Base+HRA+Allowances

like

Hi fishes,

I've worked with an organisation for 9 months and resigned as I got good offer from a new company. As the existing company is going through financial crises they didn't allow me to serve notice period, I had to accept it and leave reluctantly.
During my full and final settlement I requested the HRs of old organization to encash my ELs, but they said it's applicable for employees who have completed 1year in organization, for which I checked HR handbook for any mentions but it's not.

like

Hi all,
I'll be moving out to San Diego for a few months and wont have a car, can I get around downtown without one? Also, what areas within downtown are safe?

like

Is it common in Infosys to low ball on offer , early hr had agreed on 29 lpa but then i got call from another hr and he went down to 21 lpa Yoe-9 Cctc-17.5 lpa Infosys Infosys

I’ll be moving to Austin next year because my fiancé is getting relocated there. If any tech transactions or data privacy groups are looking for a junior associate, would love to connect! TIA!

likeuplifting

Best place to get an affordable facial in D.C. ?

I have a big chunky study Bible and want a smaller one I can bring to church and not feel obnoxious. Does anyone have one they really like / where'd you get it?

like
like

Additional Posts in Consulting

How's HC consulting in the B4? How are the hours/projects/people?

like

how does the PTO balance get paid when you resign? how do I find out how much I get paid before I resign?

like

4 minutes from car to getting through security at Nashville airport

like

Manager criticizes deck for being too far in the weeds, wants more more summary, then I do that and he wants a lead off slide of all the in-the-weeds stuff I took out.... Fuck consulting

like

Just making sure everyone knows that Hyatt and Hilton are status matching right now

like

Mrw when I'm looking to get out of consulting but consulting recruiters send me love notes on LinkedIn 😬

like

How many of you keep up with people from your college alma mater? If so, how?

like

Will be short 125K miles for Delta Diamond Medallion. Should I do a mileage run this weekend?

like

EY is hiring. Reach out for a referral if you fit any of the roles attached.

Post Photo
likehelpful

New favorite phenomenon: hearing the slack notifications on unmuted teammates’ lines after someone says something absolutely batshit on a call.

likefunny