Strategy Simplified
S12E30: What do Partners in consulting do - really?
Feb 3, 2024
The podcast discusses the role of partners in consulting firms, including overseeing work delivery, selling work, and rotating through key positions. It also explores the different levels of partners and their compensation in consulting firms, including naming conventions, years of experience, and salary ranges.
09:39
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Quick takeaways
- Partners in consulting firms have three main functions: selling new work, overseeing delivery, and leading the firm.
- Becoming a partner in consulting firms typically takes around seven years and compensation ranges from $500,000 to $5 million+.
Deep dives
Role of Partners in Consulting
Partners in consulting firms have three main functions. Firstly, their primary focus is to sell new work by participating in pitch meetings, joining industry conferences, and establishing themselves as thought leaders. Secondly, after making a sale, partners are responsible for overseeing the delivery of work, providing big picture concepts to the team. Lastly, partners lead the firm by taking on key positions and leading internal activities such as recruiting or community projects.
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