What are some of the bigger misconceptions about partners/the partnership model?

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That you become wealthy on day 1. It takes a very long time to accumulate wealth! Equity has to grow and taxes are significant!

likesmarthelpful

That you will be consulted on how the firm is run.

This is particular of larger firms. With scale comes a need to streamline decision making. You may get to vote on some things but the choice you get is streamlined beforehand without meaningful dialogue every time. This is true of a variety of matters: from by-laws to CEO election.

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This.

That it’s a reward for a job well done. It’s not. It’s a responsibility to grow and run a book of business and the firm.

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That you can truly make a difference. You can have an impact on a small group of people you supervise, but getting real change at scale is incredibly difficult.

Your autonomy is limited to your book and team and everyone will doubt you when you lose a client even when it’s no fault of your own. The second guessing is wild, all in the name of covering their own asses and hanging you out to dry.

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That it’s easier work

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The cost of health care and taxes. Also, the various tiers of partners and the mystery behind who gets selected in various leadership roles

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Health care is 3k per month for a family. Taxes are 44-52%.

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That I learn more about what is going on at my firm from Fish Bowl than directly from the leadership of my firm.

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Haven’t done the dating thing in a while so need advice! (F here) Met a guy at a party on Sat, followed each other on insta, then I dm’ed him my number saying “lmk if you want to get drinks sometime”. He then texts me and says something along the lines of “yeah let’s do it” but doesn’t offer any concrete plan. Does this mean he’s not super into it? Or am I overreacting and I should initiate the plan? I initiated the insta follow and the dm so I feel like it’s his turn…?

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Let that sink in 😂😂 ..🤓

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Hey fishes,
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Hello After working in Barclays for five years as a digital developer i am looking an opportunity to move , i would like to work as a junior react developer, any jobs there please, thank you

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What are some of the most well respected plaintiff’s personal injury firms in NYC, and why?

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LTI or EY GDS
OFFERED SALARY SAME

I am currently a VP in due diligence in EY. Looking for opportunities in Dubai or Singapore. Request if anyone can help.

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Anyone hear of a patent attorney going to an investment bank, hedge fund, or venture capital firm?? Considering a change. Thought I could use my skills to help investors analyze and valuate companies.

What consulting companies allow remote work abroad for extended period of time!?
Thanks in advance!

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Does Goldman Sachs Require boosters in order to work there? What about Wells Fargo Citi Morgan Stanley etc.?

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I got a job offer but it's 3k less than the low end of my happy range. But there will be a review in 6 months with the potential for a raise. I'd rather start at the low end of range. What is the best way to ask for that??

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Anyone has idea how is Input zero Technologies in terms of wlb and job security

Is anyone working or worked with Wissen Infotech before? I wanna know the work culture and work life balance over there. How is work life balance over there?
Is it a good option to join if I get an offer from it?

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How long are we looking at not being able to go to gym? Is it time to invest in a home power rack, barbell and plates?

Has anyone done Uber as a means to keep bills paid while in transition? wondering if this would be sufficient financially

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Additional Posts in Partner One

PPMDs, if an employee comes to you and ask for support to join a different group within the firm and the employees ends up not getting the other role, do you typically treat them differently after (e.g., not staffing them on as many deals) / would you hold them back from promotion the following year?

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Tips to build my brand and network as a junior practitioner navigates their career to the next level at the firm?

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Hey Partners! I accepted a position at another firm and was bumped from manager to Senior consultant level. Could you give me some advice on 3 key things I can focus on to help me re-advance quickly?

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Do partners know each other’s compensation? I see partners selling engagements for vastly different numbers b/w shorter ‘interesting’ strategy work and longer ‘boring’ transformations. Thoughts?

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T3 firm reached out re: direct admit to the partnership with some runway to grow the practice. I am at a firm now where there aren’t bright line metrics to make PPMD, but think I could make it in 2-5 years. This would be a step down in brand, but might be better from a WLB and getting to start at partner. Haven’t had firm comp talks yet but range was well north of 50% increase in cash comp from current (plus LT equity, draws, etc). Anyone take $ over brand? what are some traps to watch for?

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Does the concept of local and high value role exist is Deloitte, Accenture or PWC?... been consulting for 13 yrs

With the CDC releasing new mandates, What are partners seeing from clients? Are they asking for full return to the office? I definitely want to keep staying wfh and not commuting :/

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Hey PPMDs: do you prefer talkers or walkers? I see way too many talkers with no substance

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PwC partners have any comments on the cohort model? A lot of complaints in PwC bowl arising from the disappointing adjustment and the constraints the model has imposed on career growth

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Fellow 🐠 - What qualities would you look for in a junior practitioner (0-5 years experience)? I’m updating a JD and would appreciate your collective inputs. TIA

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Partners, when do you think informal communication regarding new PPMDs will start trickling in?

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Just got promoted, still not satisfied with the comps - will it be received poorly if I ask for my compensation to be readjusted based on competing offers ? I have 3 that are at least 30% higher...CNT

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Partners, need some career advice. I'm in a niche BU at a big 4 focusing on risk related to certain cutting edge innovations in my industry (intentionally being vague). I'm being heavily recruited by a competitor firm to jump. I have just over 6 YOE, looking to promote in a little over a year (which would still be early at my current firm). To clarify, I'm not looking to leave, but will never say never. Firm looking to poach talks big game RE comp (potential to double my high 100s salary). Cont.

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Any thoughts on compensation and benefits comparison between Singapore and Canada? Would it be worthwhile to move from Canada to Singapore (other than for the weather)?

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Partners/Principals - how do you focus and continue to work at the same rigor, if you have made your numbers or 75% of your numbers? Do you take it easy or continue to grind/ work long hours as usual?

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Partner is pissed at me & judging everything because we disagreed on a deliverable. I was at fault at not giving what was needed even though we disagreed. I respect them, how to fix the relationship?

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Just heard FY23 partners at PwC are getting only 40 shares vs.60 last year. Looks like new partners are being shown the middle finger by Tim Ryan in favor of increasing stock price and getting more catalyst hires. Sucks!!

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Negotiating an offer with MBB. How should I negotiate for unvested RSUs? I have about $400K with a vesting schedule over the next 3.5 years. Thank you!

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At Accenture, I feel that 9/ 10 MDs I see are solid business operators/ relationship developers in contrast to true value creation/ thought leadership. I enjoy creating. Ctd...

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Looking for advice in context of being a EY SM that will be part of NewCo if it goes through. Would I be better off shooting for MD this year vs waiting 2-3 years for Partner?

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