Reply to KPMG/Deloitte/EY/PWC/etc. federal advisory/consulting work life balance

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Manager at Deloitte and have been here since Analyst. Agree Federal, State and Local has better work life balance than Commercial purely because there are little to no travel expectations. More than 40% of our workforce is new in the last year so many challenges staffing and delivering work. Lots of senior people hate their lives. If you want to make Partner need to do it before 40 for it to make financial sense long term. [/quote]

I am someone with a gap on resume who recently resumed corporate career. Eligible for both CPA and NY Bar, and in fact in my 40s I have way more free time to devote to my career. I am currently an associate with a large USAID contractor, thinking about moving to Deloitte or similar for advancement. I plan to work at least for the next 15 years, as I frankly don't have anything else to do with my life.

[b]Why is it necessary to make Partner by 40 y.o to make sense financially?[/b] Is it s really young team, or they are open for diversity?[/quote]

Because you have to buy into partnership. In my old practice group it was 500k. Not everyone has that just sitting around without gutting savings/retirement, so many take out loans to cover the buy-in. They you have a mandatory retirement age, so you have fewer years to pay off the loan and make so much more (and there can be lean years) than a higher level Director/Sr. Manager that it makes sense. If you only have, say, 8 years to do this you might not come out ahead. [/quote]

NP but I don't think everyone becomes a partner. Isn't a managing director or principal the same level of responsibility but without ownership?[/quote]

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