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MD is a non-equity partner at Deloitte, KPMG, PwC. At EY they are called executive directors.
Assoc > Sr Assoc > Manager > Director/Sr Manager > Managing Director > Partner/Principal
Depends, sometimes they cycle through MD before opting to be a partner but they are treated like a partner.
Google- > Glassdoor-> MD by Practice.
It’s not occasional, it’s the norm now, for post practices. It used to be an either or, now it’s just another level.
Partner
Got it! Thanks for the info, guys
K1 does bring up a good point that on occasion at KPMG MD is a step before partner (wouldn’t consider it a step below however)
For example, MD I knew was brought on as MD though he wanted to go for partner. Was offered partner down the road
To elaborate further, many directors choose to become MDs if they are beginning to fill the role of a partner, but don’t actually want to take out a loan and buy into the firm. This may be due to financial or age reasons, or other. They may choose to buy in at a later date, but are ‘officially’ the same level as a Partner or Principle. Unofficially, I think they have slightly less political clout and it’s much more dependent on how strong their book of business is.
K3 has it right