Where does an “Associate Partner” sit at IBM? Is it equivalent to a “Senior Manager” / “Associate Director” at a big 4?

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Associate partner is above senior managing consultant and below partner

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Exactly. The question was relative to Big 4 not to IBM itself.

Pretty much, Yes. AP (somewhat) equal to SM
Big 4 Director is considered more senior to an AP/SM. Offshoring firm director is probably equal to an AP.

Is Partner at IBM really comparable to a B4 partner since IBM is not a partnership? What sort of comp/benefits come with that role? Is just another way if saying SVP?

Partner at IBM has multiple levels. It would go from a very experienced SM/Director equivalent to senior partner.
I think a second band of partner is VP equivalent (IBM also uses the VP title for that band)

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