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I believe they make less, but not significantly. Ultimately the take home gets close because it’s the difference between filing as w2 and k1 (partnership taxes whereby taxes are due wherever the partnership does business).
Chief
Significantly less, like 40-50% on a like for like position basis. The W2 to K1 difference exists, but it’s tiny.
Chief
Of course they do. How else could it work? They sell similar work at similar margins and then split the profits with public company shareholders. Private partnership partners get to pocket all of those profits.
Pro
Yes L4s make considerably less - believe they’re at 400- 600 TC in year 1. Once you hit L3+ it starts to even out. However, it’s much much easier to make MD than equity partner. Not diminishing the accomplishment but there are many more MDs at Accenture than Partners at B4
Also keep in mind that many B4s are increasingly pushing people to their own MD track as opposed to partner.
I always thought comparable but I think that would pretty dramatically depend on profit sharing level/credits
Yes. Our first year MDs make a fraction of what a first year partner at MBB would make. Better comparison would be between ACN and B4.
Chief
Level for level, ACN MDs make maybe half what a B4 partner in a comparable role would make (with VEIP access making up some of the gap). There really isn’t a comparison to MBB, not to say that people don’t make the jump but it’s hard to say what’s a comparable role.
If you are talking vs MBB, then yes significantly less.
I was thinking big 4 mostly