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What do partners do after they retire? What's the idea behind making them leave at 56?

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I've been told that the earlier buyout for partners is because they'd like those people to spend a few years on an industry/company board to help maintain those relationships, though if I ever made it to that point I would use the extra time to move around to my several houses in Bali, NZ, Central America, Europe 😏😉

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Yeah, there are just a ton of jobs out there that shell out 800K+ a year. I love how some of my fellow big 4 stooges who know they'll never make partner like to pretend it's a poor paying gig, and that there are just sooo many jobs out there that'll exceed partner pay. Please.

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My dad retired from Deloitte in his 50s now he is a professional dog walker and house husband

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Pyramid scheme

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They die

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They achieve Operating Thetan level

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After they retire? They sit pretty on their pensions

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Hookers and blow

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U have to make room for new partners. 56 is a little young, I think McKinsey is around that. Deloitte is 62

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They die. Consulting is like a fast forward button on your life. It ends sooner and you don't enjoy it while you're in it.

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Deserve? Who the hell cares. Take that feel the Bern crap somewhere else

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800K, minus loans, minus capital calls, minus 100% of health insurance. It also takes years of shit to get to that point. If you're talented, that number is exceeded in industry.

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Sit on boards

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D1 ashamed to say that made me lol

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58 at EY. Though can make it to 60

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I want to stop before that age

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58 for partners at EY but it can flex. With the changing model, the pension overhead is a lot like social security and for the younger people here, best to not plan on that model.

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Yes. Boss left Associate Partner role at MBB to become CEO of another company.

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A slower, less painful death.

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There is zero point in being a partner if the pension isn't there.

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