Partner Discussions
Salaries

The 40X rule is a pretty standard guideline for how much rent one can afford (your gross salary divided by 40).

But pragmatically (especially as one advances in their career), does it make sense to spend that much on rent even if you can afford to? I’m in my early 30s making $230K base salary. No partner, kids, or debt…but also no substantial savings. In my shoes, how much would you say is practical to spend on rent?

Hi everyone! Posting obo my partner who is freelance and was just offered a 6 mo Story AP position contract. He’s been out of the game for a while so before he discusses pay, I am curious if anyone has any salary/pay rate insights based on the current market? This is based out of LA. His last role was also an AP position and was $1500 a week— that pay was from a year ago. He has about 2.5 years experience. Any help is appreciated!

Any federal partner managers in this bowl for systems integrators or tech companies (think AWS, Salesforce, Microsoft)? Curious what salaries are for people in this role as there isn’t a ton of data for this job title specifically. Looking for salary numbers and YOE. TIA!

BCG 🐠 - rumor mill has it comp announcement tomorrow…let the bowl know and help us all get paid from the Partner overlords :)

Fellow fishbowler, I have a question regarding how to approach the partner about an upcoming resignation of the current post. I got an offer from competitor firm and I am scheduled to start with the new firm at end of the month. EY is paying me the bonus on Aug 26th. Just wonder what's the proper way to notify the partners that I believe I was close to without jeopardizing my receipt of the bonus from the firm. Thanks so much for your guidance!

Hi. I have 20+ years of experience both in consulting and in-industry. I have a contact at McKinsey that I connected with that is willing to make an introduction/referral for me. A few questions: 1). What level should I be targeting. I’m willing to take a lateral to a degree because. . .well, it’s McKinsey, but I don’t want to come in too low salary wise and somehow undercut the value of the experience and the roles I’ve already held (VP/DVP). As such - is Associate Partner too low? 2….

Would you rather: (1) stay in big law (V100), collect your checks, keep billing 1900+ annually, knowing you’ll likely only progress to non-equity partner but stable pipelines for work; or (2) transition to boutique firm with no billable requirements, no minimum salary, on a pure revenue split (half of collections), option for equity partner in 16 months?

Would you rather: (1) stay in big law (V100), collect your checks, keep billing 1900+ annually, knowing you’ll likely only progress to non-equity partner but stable pipelines for work; or (2) transition to boutique firm with no billable requirements, no minimum salary, on a pure revenue split (half of collections), option for equity partner in 16 months? In this scenario you’ve been practicing for 10 years but took some time off for babies and to lateral.

BCG fishes, any insights on the 1st year total comp for Partner & Associated Director on expert track? Thanks!

Chief of Staff to the CIO role for a $3.5 medical device company

Looking for a strong SC/1-2 years as a Manager in S&O, M&A

Works involve - building and implimenting IT strategy, managing $70M budget while working with the CIO, project portfolio management, vendor/partner management.

Base salary: $200k, bonus/RSUs negotiable

DM me if interested

I’ve been networking with Deloitte individuals at the partner/principal level regarding possible roles. I have 2.5 years clinical experience (have a master’s degree) in rare disease/pharma/genetics/research. Some mentioned coming in as a consultant or SC on the strategy side. Anyone have an idea of what salary/compensation might look like?

Does anyone knows what is the compensation range for Associate Partner/ Principal role at EY? Thanks I’m advance.

Edit - I am keep it as it is because I don’t want to ruin the jokes in the comment.

I’ve been looking at buying a home for a while now. My partner (not married) is also a part of the process but I’m steering. My mother keeps pushing for me to ensure it’s only my name on the home for many reasons but the first few being: 1) my partner is already inheriting property (that we are currently living in) and a trust; 2) I make 2-3x his salary salary and I’d be putting more down; 3) and lastly, I’m not inheriting any assets from my family. Any advice on how to move forward?

Anyone have estimates of first year partner comp at BDO?

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...

What’s up with this mass partner and MD exodus from Deloitte? Anyone has a perspective? Comp? Culture?

I am a big 4 tax manager with 6 YOE. Just got an industry offer today as a tax manager. Fintech firm with 30% base increase plus bonus and equity. The money is tempting but as an ambitious career driven person, I am now second guessing myself. Would I have a successful career in industry? Or would it be better to stick it out and try to be a partner one day.

What is partner comp like in big 4 vs top 10 vs mid-tier/regional firms?

Would I be insane to lateral twice in one year (8 months-9 months in)? I don’t dislike my current job, but the new job would be in my exact area of interest with a partner that I know well and is already a mentor to me. Same salary. Both big law but the firm I’m at now is a bigger name.

As a newish partner in a law firm, name something you found out that shocked you only after you made partner. I’ll go first, in the 15 years between when I was a law clerk to when I became a non-equity partner, my firm’s profits per equity partner amount doubled. Associate comp went up 20k in the same time period.

What would be the range of Partner level take-home (Cash/ HRA/ Bonus) after tax at MBB and T2 (AccStrat, S&, OW, Kearney)?

Re watching mad men - what would Don’s consulting equivalent be? At least in season one is he an SM (I.e., one step before partner)? Curious what his salary equivalent would be in todays world

Trying to do a little market research. I’m a partner at a corporate boutique focused on tech startups, and we’re recruiting BigLaw refugees. Would the following offer be appealing to you?:
-Fixed salary 60% of Cravath scale
-No hours requirement. We expect you to work hard 40-45 hours/week, but we’ll respect your nights and weekends (with rare exceptions), and let you take holidays and planned vacations
-Work from anywhere

If it’s a marginal “no” for you, what would push you over the edge?

Trying to do a little market research. I’m a partner at a corporate boutique focused on tech startups, and we’re recruiting BigLaw refugees. Would the following offer be appealing to you?:
-Fixed salary 60% of Cravath scale
-No hours requirement. We expect you to work hard 40-45 hours/week, but we’ll respect your nights and weekends (with rare exceptions), and let you take holidays and planned vacations
-Work from anywhere

If it’s a marginal “no” for you, what would push you over the edge?

Is there a major difference in partner/MD at Accenture vs big 4? Bonus for MBB comparison too

Looking to potentially relocate to South Florida from Chicago; admitted in multiple states. 12+ years of litigation experience, currently a non-equity partner. Anyone have insights on salary and job market comparisons? Willing to start back at the Senior associate level if need be.

Hey all. Weird Q. May 2020 grad, lateraled to v20 in sept, started same day as brand new 2021 grads. Offer letter said, “Given your anticipated start date, you will not be eligible for a 2021 year-end market bonus.” My office’s head partner said same via offer phone call. Didn’t negotiate bc (dumb) was so giddy to accept. Did receive fall special bonus, tho. I worked my ass off the 15 weeks of 2021, want to discuss bonus with my team. Any tips would be very much appreciated - thanks all

Is it worth leaving big law for a FAANG job? Probably a $50k pay cut plus lose the partner track option for future. I'm probably 3 years away from making partner. Have a friend there already. Heard work life balance is better but comp not as good and lower ceiling. Thoughts?

I often hear numbers that partners start to earn 1/2 mil a few years after making it to partner.
What’s a ball park equivalent title for a f50/f100 (non tech) company that gets you to a similar comp. I am a director at an f20 (3 positions away from VP) and 5 from c-suite and I don’t anticipate making more than 400k in another 10 years even if all goes according to plan.
Ps I know the consultant answer is it depends but just trying to get some perspective.

How do you split finances with your partner when one of you makes significantly more than the other? Do you still divide expenses 50/50 or proportionately based on salary?