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Md is above director and below partner/principal. It would be one promotion above your current level, most likely
Associate --> Senior associate --> Manager--> director --> MD --> partner/principal
Got it thanks. And what is time to partner from MD? I mean, how long are most people MDs?
Depends on how quickly you hit your sales targets... can be a very long time for some
Depends on multiple variables. I've seen 1 year and there are people that stay when they don't want to buy in. I'd say 2 years tops as long as you hit/exceed your sales targets
MD is for folks who have been offered partner but do not wish to buy into the firm. They receive a salary and bonus like us, they do not hold stake in the firm. It's like this at pwc too
Yeah all big 4 have managing director roles to avoid buyins. Are the salaries and bonuses really that much lower?