How does partner compensation work?

like
Posting as :
works at
You are currently posting as works at

Typically for a Big 4 partners own a certain amount of shares in the firm. Residual profit, earnings, are distributed to the partners at the end of the year based on the amount of ownership. Earnings will vary based on firm performance during the year so there’s a level of variability to the Partner’s take home comp. Partners are incentivized to perform by being allowed to purchase additional shares, typically annually. This results in being able to claim an increased portion of earnings in future years.

like

Units. It’s all about the units

What if the firm or partner doesn’t make his numbers? Also, what portion of the comp is salary vs bonus / ownership?

Partners technically don’t have a salary

Related Posts

Pay for teachers in Arizona is so awful 😭. I always wanted to teach in my local community but frankly I can't afford it. I want to move to another state where comp is better but I'm not positive where. What do you make & where are you located? For context I'm a 3rd year 2nd grade teacher.

like

Should I negotiate a severance package even though it’s not in my contract and it’s not required by UK law?

like

Hi guys, can someone tell me the pay structure of VP in Citibank, like the fixed component, variable, bonus, stocks etc? What is the normal yearly hike like?

like

What should the compensation be for a client onboarding manager in a big financial company?

like

Hi Fishes! I have had the Director round for the Senior Associate role Pwc AC under Digital Learning and Upskilling. I have 15 months of experience in the consulting division. How much should the salary be for this role? And, do I stand a chance at the firm?

like

DC - AFS, Senior Analyst making 88K salary with a 2K sign on bonus I had to negotiate is this a good deal?

like

I cleared Accenture interview and today got an email to upload documents on their portal. Also, got a call from HR and she asked about the salary expectations and other details. And few minutes later I found that my profile has been put on hold.

question is, they will negotiate with me or they have rejected my profile ?

like

Does companies retain you and bump your existing ctc by 80% to match offer in hand??

like

Should I be happy because I still have a job or should I be mad and sad because I didn't get a rise? I'm underpaid and got a 9k raise through 4 years of work

like

What is the pay range for supervising associate?
Yoe 9.5

like

What would be a better choice bw Flipkart and Intuit if package is mostly same. I am asking in terms of work culture, project and growth opportunities

I was asked about compensation before the screening call. How much do I ask for TC for a second program manger position that’s non technical in accounting?

What is salary range/band of L7 Engineer profiles i.e. Sr Software Engineer, in MasterCard India ?

like

As I'm moving to a new role in a small company, I have a doubt about my salary structure like the Basic salary part is only 20,000 while my take home is 62k after all deductions.

I'm concerned because the leave encashment & other things totally depends on the basic salary.

Are there not any rules for the Basic salary to be at a certain % of CTC or it depends totally on the company?

Also PF deductions they are offering only 1800 p.m but considering 20000 basic it should be 12% of 20000 right?

like

Hi All, currently Visa is approved, stamping is yet to be done... But the package is 60k only and I heard from colleagues who are already there, that this is not sufficient... I am working at a package of 12 LPA in India, and I think switching is the best option rather than going to US. Need your opinion please

like

Getting a lower title than what I interviewed for but the salary matches what I asked for. Would you go?

like

Hi all! In Cyber risk consulting and up for promotion as a manager. Any idea on average comp and bonus (in non-covid times)?

like

More Posts

Foreigner here. Planning to apply as a senior AD in Singapore. Any insights into Ogilvy’s work and culture?

like

I’ve got a friend in Dubai who has experience in IB and VC at junior levels (in London and Dubai) and would like to break into consulting. He’s at a small cap VC at the moment and works not that challenging, and he wants to break into MBB or tier 2 for strategy. Anyone happy to look at his CV?

like

Hey!
Whats the salary and package if consulting Manager in HR advisory
EY? Have an opportunity and trying to see if its worth moving for from US.

like

Is there a North American new comer hangout/get together in Riyadh?

like

Anyone have a ticket for Meduza at district this Saturday and not going anymore? It’s $57 now with fees and that’s too much. Might as well buy the VIP which is $80 w fees but that is probably a huge scam so guess I’m not going

I'm looking to improve my communication skills to navigate a very political environment better (i.e. I need to be more diplomatic). Any books recommendarions are appreciated 💁🏼‍♀️

like

Do you ever find this industry to be superficial? I mean, I've made some great connections along the way, but a lot of the culture is just not for me. People seem to care about the wrong things

like

Hi Fishes I've recently started working at Accenture and company has offered me (9.1 LPA including fixed and variable) but I've got one more offer after joining Accenture from Capgemini (in Malasiya - KL) of 7000 Ringgit/ Month. Shall I leave Accenture and join Malasiya or should I stay in Accenture only? Please help me.

like

Does anyone know what a chief sonographer should make? Managing 15 employees and 4 locations?

like

I heard from my head that there is a lot of slowdown in VW Germany... There is Hiring freeze, level freeze and all ... And soon that will spillover to india. So be prepared for very less hikes in coming cycle :( Also automotive sector in general is struggling with tesla laying off 10% workforce recently. Maybe time to make a move? What do you say fishes?

like

Can anybody help me with the salary bracket for process developer band 5B

Looking to get a management job with Apple and would like to see what the pay scale is for a store manager Apple

like

I got
Business results - S
Client/Customer/Stakeholder - S
Teamwork and Leadership- O


Is this a good rating?. My manager said they won't give SSS to anyone unless they are a promotion candidate. Why do they have to reduce the rating just because of that?

Is this going to affect my hike, bonus?. This is my first review at the firm. Please help.

like

How can I add multiple characteristics within one cell and make sure that a pivot table can read both values independently if needed? E.g., I have a column titled “color” and in one cell I write “red” and the other “red, blue”. I’d like a pivot table / formula to be able to count that there are technically two “reds” in this data set. Any tips?

like

Did you feel “ready” the first time you managed a team? Or insecure?

like

Any Hazmat drivers here? Just curious on the going salary for CDL A hazmat driver. Home just about every day. Off weekends. Any info would be appreciated.

like

BigLaw M&A: what do you consider to be “big deal” vs a small and medium deal? For example, what do you consider a $150M deal?

like

Any good post graduate data science courses?

like

So I just received a job offer through a recruiter & tried negotiating the pto and vacation.

I asked just for a few more days 2-4 but im terrified they might reject the offer all together. I’m definitely over thinking 😭 but I’m hoping they get back to the recruiter before leaving the office for the weekend.

like

Additional Posts in Consulting

My office chair stinks even though I wash it with carpet cleaner every few weeks. Fellow 24/7 WFH workers, how do you keep your office chair clean?

likefunny

Industries that move large products with time-sensitive supply chains? e.g. Construction Equipment for new high rise in a city

I'm almost at the point of an offer, and also just started a 6 month long engagement since my utilization was taking a hit. How do you fish recommend dealing with the situation once the offer comes?

like

Deloitte peeps: can you bill mileage double the distance from home for one way commute if your SO drops you to the airport? Can't seem to find a policy around this.

like

Anyone else obsessed with the Westin white tea line? 😅

like

STARTUP FOUNDERS and FAANG: would you rather hire MBB with 3-4 years of exp or Tier 2 with 5-6 years? If you could isolate those variables and everything else held constant.

like

Doing that 3 month Apple Music trial, any song recommendations to listen at work???

like

FB fam - How do you know if a massage place offers the happy ending?

like

Looking to lateral to MBB and got MBB case interview soon, what type of cases/case frameworks should I be practicing, how do they compare to Big 4 case interviews?

like

Any thoughts on playing hardball for early promotion? Senior 2 but have gotten 5s three years straight

like

Do you know of any hacks to gain extra EQMs other than flying? trying to hit exec. platinum but will be couple of thousand miles short, even after mileage run

like

Beside toastmasters, what are other ways to improve communication and public speaking skills? Books, podcasts...?

like

3 Day PTO starts now...my buddy's bachelor party. Forget you, utilization.

like

Best consulting firms with best WLB? Do they exist? Young professional starting to think about where I'd like to work hard to end up in the next 5-10 years.

like

Good consulting books? Not talking case prep but a fun read about the industry and what it takes to succeed, etc. Thank you!

like

Best consulting firms for work-life balance? I know consulting is chaotic in nature, but just curious to see which ones are the best in dealing with this?

like

Anyone at EY hiring a Manager/Sr. Manager? 8 YOE in financial P&A and MS in ITM. Open to all industries/segments

like

When conference goers come into the Sheraton lounge and are *blown away*

like

Anyone ever heard of anyone failing a background check?

like

Recommendations for comprehensive books on the finance industry? I want to learn more about investment banking and modern financial instruments. Got a lot of free time during this lockdown

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal