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There’s no formal title of “Senior Principal”, but there are gradations of how senior or close to Partner a Principal is considered to be.

We are just changing our performance management system now, but over the last 8-10 years we had a system where you could have at least 12 distinct “performance outcomes” for the year as a Principal - sub-levels 1-4 indicating how close to Partner you were in skills, and a H/M/L commercial contribution rating for the year.

The total comp difference between PR1-L (just promoted last year and off to a rocky start) vs PR4-H (wasn’t quite put up for Partner this year, but really should be next year) was pretty wide - I think over 50% and maybe closer to 70%.

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With bonus, PR4 can go over 400k but I don’t recall more specifically than that

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