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How to be program manager?
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2018 A1:105k
2019 A2:125k
2020 S1:135k (rona)
JD+LLM in HCOL city
A1: $100k
A2: $100k
Started as an associate in 2014 at 90k, senior in 2016 at 120k. Manager in 2018 at 155k, senior manager in 2020 - $185k
Honestly curious if you guys use your knowledge of the law in your associate/senior years? We have attorneys here in tax who seem to be glorified staff and know as little as everyone else so I'm wondering when the law experience kicks in.
What bankers shouldn't be doing and what is actually happening are two different things.
But my point is basically, don't expect the lawyers to be technical with modeling as anyone who went to law school knows, lawyers generally do not like numbers so don't expect them to be good at it. Just as lawyers and numbers, CPA's generally lack the skillet set of research and writing. I guarantee you ask the CPA to read the case and explain the issue and main rule, they will either fail or it will take more time than it takes a lawyer. Of course there are outliers and exceptions to these, but this is the general observation.
75k staff
83k staff 2
90k senior
110k manager
Don’t remember in between here
160k senior manager
183k sm 2
201k sm 3
208k sm 4
B4 Partner level now
I’m jd/nyu llm/CPA. VHCOL market.
That was my point TM2 - you don’t catch up unless one or both of you leave.
A 4th year associate in the big law firms make more than MDs do.
Mentor
JD at regional accounting firm -62k, 67k, 74k
Then I went and got my LLM and moved to Big Law - 205k, 225k.
Mentor
I don't actually know my LLM class rank. NYU doesn't tell you if you're an LLM. I had a 4.0 after 1st semester and graduated with a 3.7+. The people who got Biglaw generally had a 3.5+. Firms that were looking for Exec Comp people dipped into the 3.3 range supposedly.
So, yeah. You've pretty much got to get top 1/3 grades even at the best program to break into Biglaw if you aren't already otherwise qualified (i.e., should get in based on JD pedigree and experience).
International tax and JD
2016: 75k
2017: 80k
Switch firm
2018:95k
2019: 115k
2020: 140k
Y’all I topped 160 as manager!!!
JD LLM
2013: $86
2014: $100
2015: $115
2016: $124
2017: $140
2018: $164
2019: $171
2020: $171 Corona
2021: $179 - bump EY gave in January
Still a manager. Southern markets
Pretty similar progression to me, but got bumped to SM in 2020 so went from 170 to right around 190
JD/LLM
TCII - 85k
S1 - 94k
S2 - 103k
S3 - 108k
M1 - 116k
M2 - 135k
M3 - No raise
Looks like a B4 specialty group outside of the big deal areas (I.e., not NY, Boston, chicago, DC or CA)
JD/LLM
S1 - $66k
S2 - $71,300
S3 - $81,500
M1 - $95k
M2 - $115k
M3 - $128k
SM1- $129k (fuck Covid)
Year 1 $85k (switched firms)
Year 2 $125k
Year 3 $140k
Mine is similar to TM1:
Year 1 85,000
Year 2 91,000
Year 3 102,600
Year 4 106,000
Year 5 125,000
Year 6 135,000
Coach
Year 6 is about 5k off from where I was with just a CPA in Texas.
SM1- I don’t think it’s an apples to apples comparison. Burnout amongst biglaw classmates is much higher and the “up or out” pressure is greater even at partner. I agree it would be nice to see a faster path to partner in B4, but I think that’s a different discussion.
PWC4 - I agree with all that and is the reason I went and continued with big4 despite the compensation differences. The question was about compensation differences and Big4 recruiters are often disingenuous about how much compensation converges as it never really does.
That said, I don’t think the hours are as different as some think until you’re well into the Big4 path. I was doing 2100-2200 for most of my staff days, which was reasonably consistent with what my classmates were doing in big law firm tax (as compared to corporate/M&A which was more in the 2500-2750 range).
130
140
160
170
175 (covid)
LLM also
JD/LLM (NYC, specialty tax group)
A1: $145k
A2: (COVID - freeze on pay raises)
S1: $158k
S2: $180k
Mentor
I’d say it a bit differently that it’s usually 4 to manager. Some do 1 at associate and 3 at senior and some 2 and 2
Started in 2006 at $44,500, senior in 2008 at 55,000, manager in 2010 $70,000, senior manager in 2014 $130,000
Are you JD? Were they paying cpas and JDs the same starting salary?
85k
98k
125k
JD/LLM:
TC2: 75k
S1: 92k
S2: 100k
M1: 102k (thanks COVID)
M1/Switch firms: 120k
Not sure honestly. If I had enough to retire, id be all about that first. I’d probably stay in house, if possible. But would also consider going to a law firm. Very unlikely back to big 4.
JD/LLM HCOL to MCOL
A1: 88,500
A2: 103k > transferred to MCOL got 8% reduction then made senior and got 8% raise 🙄
S1: 105k
S2: 110k
Tier 1 every year except the first too