Accounting

Thoughts on the Managing director role in audit? I see a lot of people who go there who clearly arent partner material but then I see some who are. 15 yrs to make MD? potentially never partner?

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Probably depends on the firm. MD for us is more and more becoming the step between Sr Mgr and Partner and if as an MD you aren’t showing readiness for partner in 3-5 years you are being shown the door.

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Yes that’s definitely the plan as I doubt they will be making many if any non-MD partners going forward in audit.

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Interesting because in our office, we are now short on SM because we promoted MDs. Why dont bring back the 'up and out' mentality it make everyone MD at yr 11 or 12 and promote those who are capable?

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5 yrs ago we had one partner on an acct. and now we have two partners and two MDs with the same team below.

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And the workload for all the staff and seniors probably doubled in that time frame without consideration of bringing in extra help....

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That is my goal right now. I don’t think I will be able to make partner because of my age, but MD seems doable.

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I’m ok with that approach

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