Any Tax partners in the bowl?
Spill the tea on your comp package — salary/base, bonus, equity grants, pension/retirement perks, or whatever else makes up total comp.

New partner vs. mid/senior level?

I need some motivation

likehelpfulfunny
Posting as :
works at
You are currently posting as works at

At BDO it’s a pretty wide range. New partners can be $300-500k. It’s all W-2 income, so that’s equivalent to bit higher K-1. They get some options in the ESOP that make that roughly equivalent to their old pension plan, but the pension plan wasn’t great. The bonuses haven’t been good the last few years, but base comp increased a bit.

As a partner or partner equivalent, you have to remember that you will get paid roughly what you make the firm, so basically your contribution margin. That’s all your book of business less your portion of all the costs. Big 4 are in the 15-25% range while smaller firms approach 30-40% as comp/revenue range.

like

Then your firm has overhead that isn’t included in the costs. If they’re not paying those amounts out, they’re either lying, not paying what you’re worth, or can’t do the accounting/budgeting correctly.

PwC has had this problem for years because they don’t book any variances in their standard costing approach. Basically the margin being presented to everyone is not the true margin, and everything is wrong in different directions.

Can I tag another question, what is Partner and one level below Partner (SM, AP) comp in consulting at BDO

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