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Most consulting firms (BCG, Bain, McKinsey) and accountancies (KPMG, Deloitte) have incredibly strong incentives for partners to agree to leave in their early 6
by zt 6y ago
Most consulting firms (BCG, Bain, McKinsey) and accountancies (KPMG, Deloitte) have incredibly strong incentives for partners to agree to leave in their early 60s.
- gruez 6y agoWhy? Do people not like old consultants?
- nmfisher 6y agoI suspect because they need to dangle the carrot of partnership in front of younger managers, otherwise they’d leave. It’s a big issue in law firms, where senior associates (the ones who actually are responsible for 99% of the work) get fed up waiting for 70+ year old partners to step down.