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Anyone at MBB looking to make a referral?
Wow. McKinsey, which has the biggest public sector presence of the MBB, really hasn't been doing too hot at all in the sector.
Its presence is tiny and it's gotten even smaller. Meanwhile it's bungling whatever opportunities it's getting.
https://www.propublica.org/article/how-mckinsey-is-making-100-million-and-counting-advising-on-the-governments-bumbling-coronavirus-response
Bain & Company Is it truly easier to get in a smaller MBB office?
Have heard a lot for different opinions on these. The logic is that it’s easier because there is a lot of supply in cities like NY, Chicago and SF, but the counter argument is that the offices with less supply are also way smaller and have a lot less demand.
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I see you Accenture Corp dev analyst
Haha “not related to employee”
Are you the one behind the Bain acquisition?
Think our hurdle is more like 90% of partners agreeing so functionally impossible unless someone wants to be very silly with valuations
Mentor
80% of voting shares at my firm. These things will vary from place to place based on each individual company’s bylaws.
Accenture was a partnership that voted to become a publicly traded firm after they split from Andersen Worldwide. I believe it was an almost unanimous vote to head in that direction.
Tell that to whatever they call pre-partners at your firm (principals or directors or senior managers or whatever) and see how many quit. No one suffers through those years for the director pay, they do it for the promise of getting paid what partners get paid. Many of them would quit if they knew you were about to yank the rug out from under them… and if they quit who does the work? You need them around so you don’t tell them. That’s not feelings, that’s facts.
What about retired partners and pension?
2/3rds of voting shares (we call them units) at my firm (Top 30 accounting) required to sell.
Would it even receive regulatory approval? I doubt the SEC and other regulators would allow it given the already limited options of audit firms available to audit large public companies
IPO + tender offer
Each of the Big 4 firms in separate jurisdictions is its own entity. Reasonably safe to say you'd never get enough partners across every member firm voting yes to sell absent ridiculous valuations.