For recently minted partners what was your yr 1 Comp and how was it determined?

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The first year, you will be cash flow neutral or have a small bump (think 10k). On paper you’ll make a lot more because of taxes. The second year you get 5% raise. After than you start the new partner ramp-up and life is good for a few years. Then it’s all about how much bacon you bring to the table.

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You don’t pay the loan back right away.

No way a first year partner makes 275. That is way too low. With their buy in loan they would make less some managers.

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What’s a buy in loan?

Year 6 $250k base

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Southwest Advisory

I believe as of 2 years ago it was $275k in Advisory for all year 1 partners, but keep in mind 48% of that goes to taxes.

Damn...let down

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Mine was higher in yr1 at Ey. Closer to 350

That’s without equity loan payout or bonus?

Wow so half of $275 goes into taxes? This is lower than Director pay. Assuming this is base?

Huh making close to 300k as SM now

With bonus yes

Your first year pay will depend on what you're currently getting paid. There's no standard amount that everyone gets.

How much do year 3-6 senior managers make?

Some are over 300k - depends if out of industry to consulting or from other firms- depends on what you bring to the table

D3b is $250k+ bonus

See a previous thread on this topic. At places where you go SM to Partner it’s lower in Big4. Where you SM/Director to MD to Partner it’s more like $500k for first year partners in consulting.

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