Partner Discussions
Benefits

What are the benefits of being a partner at a big4?

Just seems like a lot of work and stress for a salary you could get in industry where you also don't have restrictions on stock purchases...

Okaaaay 🐠 need some opinions on this. I turned down B4 to come to Google (at a smaller salary admittedly). The partner from the B4 reached out to me with a pretty significant offer, I know him personally as we worked together at my old company which has its benefits.. Offered M1, $160k base, $10k sign on, and 20% bonus. Currently at $115k base, 30k/yr in RSU and 15% bonus. I’m a PgM at Google and still a consultant by definition, figure I’ll be in consulting for the long run. Thoughts on this?

What is the best way to estimate take home pay for a partner? Apologies if this is a duplicative question, but I did search. It seems very difficult to determine when taking into account the loan repayment of the buy in and other expenses (i.e., health insurance). I am comparing equity partnerships vs. MD positions in the short term.

My partner is interviewing at Deloitte (healthcare team). Any pointers on how to respond to ‘why Deloitte’ question? I feel like all Big Four are almost the same for outsiders and you need to join first to evaluate the ‘people and culture’ fit.

I have an offer to become a season ticket holder for the 76ers. These tickets are floor seats.

They’re quite expensive but they come with great benefits. These seats include unlimited food and alcohol.

I’ve been trying to get a hold on these for a couple years and some just came available.

If anybody’s interested I’m looking for a partner. Thanks!

Are you seeing reduction or elimination of partner benefits across firms?

Deciding between OC&C Associate Consultant or Oliver Wyman Senior Consultant?

The base salaries offered are the same.

~ 2 YOE, want to be a career consultant to become a Partner, which firm offers the best pathway (i.e. growth, both personal and firm), benefits in the long-term and exit around EM level (to MBB). No particular interest in one sector yet.

To my Deloitte colleagues: I just returned from maternity leave, and while I’m very grateful I was able to stay home with baby for 6 months I’m really anxious about returning and my utilization (50% now). Our RM is really slow and says we have a lot of new projects but hasn’t assigned me to one. I am doing trainings but not billing, and I don’t believe I’ll be staffed next week or the next either. Have reached out to a partner for extra work but haven’t heard back. Afraid I’ll get fired.

Does anyone here have any guidance or experience in moving from big pharma to VC-backed biotech/ med-tech/ next gen healthcare companies on the west coast? TIA
Former consultant with 3+ YOE at 2 big pharma after my consulting stint.
Now I am looking for something more exciting, with more ownership, more nimble and of course the equity upside. (Ps If you don’t have anything valuable to add, it is better to hold off on your opinion)
Comp does not matter, due to my partner’s high income.

Partners / MDS - Have any of you stayed with the same firm from analyst to Partner/MD? If so, what made you stay despite probably receiving offers for more compensation? Also, what benefits are there to staying in consulting your entire career?

Do you lose maternity benefits if you make partner? I’m up for partnership this year and my firm doesn’t know I’m trying to get pregnant. I’ve heard people say in the past they lost all of their accrued vacation when they became partners because they are no longer employees. Do partners get paid maternity leave where you are? Would I be entitled to FMLA protection? I’m our breadwinner so losing 24 weeks of paid leave (mat+accrued vacation) would be a big hit.

What is the best gift you got as a new parent? A coworker just had his first kid and went on paternity leave. I just started with the team but offered to send him a gift. Partner is paying for the gift. I don’t have kids and have no idea what would be helpful either now or once he comes back to work as a new parent. Appreciate any ideas!

I’ve had issues since high school, but just formally got diagnosed with ADHD. I’ve always managed to get by okay at work (I’m no super star), but remote meetings have been really difficult for me and I now feel like I’m barely hanging on. Trying meds now, but no benefits yet. Pros and Cons of disclosing the diagnosis to my team, partner, or firm? I’m torn.

Looking for some advice. Currently contributing 10% to 401k and maxing out Roth IRA, and remainder of savings (usually $800-$1200 per month) putting in a HYSA for a down payment on a house. Hoping to buy in 2-3 years once we (partner & I) have a sizable down payment. Should I continue to put all my non-retirement savings in an HYSA for a downpayment or should I also contribute to my brokerage and invest to grow wealth? (24yo, $85k)

Hey fish, I’m coming up on a year post PhD and this job has drained a lot out of me. There’s not a lot I enjoy: overpromising partners, annoying clients, endless iterations (from either client or partner), poorly scoped KOL interviews, long hours… The only reason I haven’t quit is the US healthcare system’s reliance on employer provided insurance. Where can I go with ~1YOE post PhD? It feels like nearly every job requires a lot more and I just don’t have it in me to push through another 1-2y…

@PwC partners - two unrelated questions:

1) partner pension - I heard they are changing the formula. Can you elaborate on what the change is and if you feel it hurts new partners?

2) partner buy in - what is the actual buy in $ amount? I've heard $250k but wanted to confirm.

advisory if the answers differ at all. Thanks!

Giving notice to a partner who’s about to go on maternity leave. I think she’s relying on me to handle her matters while she’s away as I’m mid-level and am basically her only associate. I feel so guilty and am worried that this will burn a bridge. 😣

When you and your partner decided to start trying for kids did you freak out and back out of it at first? I’ve just come off birth control but I’m now feeling like I’m not ready and want to wait a few more months at least. Also looking for a new job so want to at least wait until that’s secured so I wouldn’t have to worry about benefits kicking in. But also I’m just so afraid of how my life will change and if I’m actually ready or just wanting to make him happy.

Live in the bay area and have a net worth of ~600K. This does include our house and 401K's. Both my partner and I are in our early 30's and I am unsure if we are making enough that it makes sense to live here. Our combined HHI is only ~260k. We both do not have any RSUs.

Anyone in a similar situation and addressing the issue of potentially moving to somewhere more affordable like Texas? Feel like I am not keeping up with the pace of career progression and net worth in the bay area.

Any insight into Jackson Lewis? Especially the smaller offices? Do Associates generally get promoted to Partner? Do they match 401K contributions? Quality of life? PTO?

Is it appropriate to ask about the comp/benefits the partner group makes at a regional consultancy I’m interviewing with (top 30)? At B4 I know I’d start around 300k in my practice, great pension, etc. Obviously it depends on growth of the firm (300mil rev last year, projecting 1B by 2026) but I’m just not sure how to go about it. I’m already a senior manager so just don’t want to join somewhere with not much room for growth even if I do join partnership.

I’m curious to hear from people at other firms what is offered in terms of part time work or alternative work options for people that don’t really care about making partner and might want to work part time. I just had my second child and want to ask to come back from maternity leave on a part time basis but our firm doesn’t seem to have anything in place right now. If your firm offers this, what’s the billable requirement, how much of a pay cut is it, and do you still get benefits? Thanks!

Hello everyone, what to do?...
I am currently facing the following dilemma.. I have gotten job offer for entry level Salesforce position ( role) at a Salesforce partner.
At my current consultancy, I finally landed a good project/role, using AWS cloud.
Have been there for 1 month, and so far, so good, The client company is great ,
The team is great..I will be working closely with both the scrum master and architect( both roles I aspire to)..
Both positions $$ the same, benefits same.

Any EY Partners care to shed light on Partner pension plan payouts? Is it tenure based?

New Partner. My other partners want to change benefits and perks around to attract more young talent - I need to brainstorm ideas. What great thing does a company offer that makes you want to work there (besides compensation obviously)?

This year my partner and I are contributing the max to our non-deductible traditional IRAs, I’m maxing out my 401K and HSA, and am in the process of mega back door hopefully to the max allowed. My partner does not have a 401k plan at work and is investing in crypto. What else can/should we be doing besides paying off the mortgage? No other debts and have 3/4 years of child tuition already paid for. We are mid 40s and together we are over the threshold for roth ira contributions.

What is a typical first year partner salary at EYP? What is it typically 5 years out? What is minimum time required to be a partner to realize benefits?

Any info on how partner comp and benefits compares between the Big 4?

When discussing maternity leave, how do you respond to a partner who reminds you (several times) that she never took any maternity leave? It feels like a push for me to do the same.

Mid-level associate at a mid-size regional insurance defense firm practicing coverage litigation. Salary is capped b/c my firm only does I.D./coverage and has no direct-hire comm clients. Second round of interviews with a comm lit boutique where I would be the only associate with 5 partners. Other than partner track, salary/benefits, and switching from coverage to general comm lit, what qualities of the move should I be thinking about as I weigh my options? I've never worked at another firm.

Do firms have different policies for maternity leave for those who are partners versus those who are employees? If you are a partner, is maternity leave individually negotiated? My career is important to me, but so is having a family and I want to know what experiences have been throughout the public accounting industry. The only women I know have had babies before becoming partner. Is this why?

My partner and I have been discussing wanting to start a family sometime next year, and I'm daunted about asking about what resources there are (i.e. maternity leave policy) cause I'd like to know so I can be prepared, but I'm afraid to ask about it and then be looked over for some upcoming promotion opportunities. What's the industry standard? How do I broach the subject?

Had a performance review discussion today. I was promoted to manager in October. The partner asked how long I had been with the firm (4.5yrs), then how long I’d taken for maternity leave. He then told me it was like I’ve only been working 3.5 years, since I’d been on maternity leave twice since joining. He was saying this in a negative way, and I just can’t wrap my head around it. WTF would make him say something like that?

My partner’s mom is almost 60. She has no retirement savings aside from about $50k in cold hard cash. No 401k, IRA, or stocks. What’s the best thing we can do to have that money work for her for the next 5 years until she can hopefully stop working? Is there any hope for us or will my partner and I end up supporting her?

Feel slightly concerned by our mortgage. Does anyone else have this issue? It is about 17% of our annual gross income but more like 35% of our net income, my partner and I both max out our 401k contributions and are able to still save a little every month but that will be tricky when we have kids. For context, we bought right before the pandemic, minimal updates needed, house is in Fairfax county.