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Basically the standard comp structure is that once you’ve been with the firm beyond your guarantee period, your base salary is pretty low…like lower than you probably made a leve down at your previous firm. This is because the ‘bonus’ structure is based on billable hours/collections, and should be 100% or more of your base salary.
In your guarantee period you’ll make something close to what you might expect to make in a steady state year, but they recognize that you won’t have the same opportunity to get billable hours because of onboarding, training, time to figure out how to do the work at A&M, etc. as such you are guaranteed to make a certain amount, split between you future base, a monthly bonus, and a year-end bonus, all predetermined.
Don’t worry about to what to request, they’ll tell you and it’s not really negotiable.
I’m in PEPI, but have no idea what Managers make, only that B4 managers can make $210-$230 and a lot of them came over to A&M citing massive pay increases (or at least the opportunity to make much more with the same or less hours)
Is it worth moving to A&M given that comp structure? What’s the TC range for a bad year vs good year?
For a Director, most years you are going to be $450k to $550k. For a Sr. Director $600k to $700k. MD2- $750k to $850k. MD1- $1.1M to $1.5M. As an MD1 and you move into practice leadership, $5M is not out of the question question