Which firms have “fake” Partner titles (e.g. non-equity holders)?

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Guidehouse - if you have ever heard of it. Private equity owns the firm. A select few partners actually have equity. But most are only a title without equity.

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I loved working with Guidehouse staff. Many of them are overworked robots but the job always gets done with them.

Cap gem

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From what I am aware.. B4 all have some variation of Managing Director.

BCG also has the “partner” title which is really just an AP.

Who else? Any other T2s do this?

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yea i think at least one other t2 does

I think they all do it. Clients want to deal with a Partner. Lol

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High spring

Protiviti

AlixPartners

No, there’s Partners (non-equity) and Partners and Managing Directors or PMDs (equity).

like

Oliver Wyman. No one is really a partner, it’s just a title. The original partners sold it to MMC many years ago and it’s all been downhill from there.

That was 2003. Downhill in the last 23 years with 20x growth? I dont think so

IBM

Wow, this is pretty eye-opening. I had assumed "Partner" meant equity at most consulting firms.... seems like almost the exception to the rule based on this thread.

For the firms with non-equity "Partners," the salaries are just that high that it's still worth it?

Partly why the corporation-based consulting firms went with Partner as a title was tradition and because that’s what clients expected. I remember EY-Parthenon changing all of their manager/SM titles a few years ago to Director and Senior Director because they wanted to compete more with other strategy firms that have the same titles. Their people didn’t get promotions, they just got fancier titles.

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