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Originally Posted by Unregistered
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Is the above indeed true? I am not from big4 but I find this hard to believe. How can just "hanging around" make you a partner? Surely , u need some capabilities and surely they cannot have so many partners. If partner is so easily attainable , then where is the prestige in it
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Maybe they are treating it like SM roles. More partners, same no of engagement = smaller pie which means salary / prestige is lower too. Not sure why they need this strategy, maybe use it as a carrot to entice those YOE 6-10years ppl to hang on.
15 years is a long time though. You could hit SM after 8 years of services. Survival rate to SM could be 0-5 ppl out of a fresh graduate batch of 20 (20 not including subsequent mid hires from MY). Ppl generally don't try to stay at SM for too long if you are not aiming for partners. Seeking suitable opportunities outside is a much more viable working choice when you consider personal commitments / health / wlb at the age of early to late 30s.