Big4 MDs, by which year do you start making 7 figures (if ever)?

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The ones I knew were close to or older than 60 years old because they were always looking to retire early once they got that 7 digit comp number. Reminder that MD are W2 and at some B4 have a defined pension plan.

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A good pension plan?

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lol

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Partners are lucky to be 7 figures

funnylike

Yes they are. Average cash payout is more than that. Add interest and pension and at least 60% make that. More at D and P.

Never?

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Homegrown - Never or low probability.
Direct admit - around 10y

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Which company? D or EY?

Lol

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It’s hard to believe someone making 7 figures has the time to respond on fishbowl or would be willing to share with someone that they make that much.

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Only several B4 MDs make 7 figures

Several meaning few of them near retirement?

Tax- never. Consulting- probably also rarely?

Yes in Consulting MD can make 7 figures

Super helpful, thank you!

Partner comp in the big-4 is driven by their book of business. There are many in London and the main US offices who are easily clearing 1m+ per year.

Fewer MDs but not zero.

Would be good to define MD and ‘Making’. MD at Accenture includes folks who could (possibly) make P at B4. And lots who couldn’t.

I’m a 8th year MD and at about $800K all in (base, bonus, pension contribution etc). Since partners are K-1 they need to earn $900K-1M to have a similar take home. K-1 need to pay much higher taxes, their own healthcare in full, etc.

Deloitte in Consulting

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