What’s the path to partner/ principal look like for GT/ BDO now that they are PE financed? Is there any hope for hard working junior staff to still get there long term or will everyone cap out at MD now? Is it harder now? Understands it’s probably already been asked so please link me to post if so.

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There’s an important distinction between BDO and GT. BDO’s ESOP plan is PE financed but has not, at this time, given the PE an equity stake.

Regardless, you will see less partner/principal promotion paths available at both firms.

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F

There isn’t.

Our partner classes have shrunk dramatically and there will be continued pressure to keep them small.

MDs can be lower base comp and big bonus for sales origination/Rev and still be in line with market. PP requires big base salary to be competitive with no guarantee of return. Is my understanding. Also more PP means diluted equity, retained shares means more for PE.

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BDO still has the same principal / md distinction.

Previously, partners were either vsp or fsp, and now the vsp doesn’t exist…all principals are essentially fsp. In saying that, vsps were increasingly rare over the last few years as all firms have struggled to keep partner comp at the previously high levels.

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