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Rising Star
The estimate is accurate only for the rainmaking Partners
No absolutely BS.. The only way a partner can make 10 cr is if he is solely running a practice of 150-200 cr + then also it may not be possible..
Typically base salary of a party is around 80-90 lac and bonus depends practice size.. And can vary from 1-3 ℅ that too if practice is profitable.. Margins are high.. Etc etc but 10-20-30 cr lol.. Not possible
At a senior partner level, 1.5 cr - 2. Junior partner / associate partner : 80 lpa -1 cr
Any idea about the investment that a partner has to make?
1-2 cr... Equity
A consulting partner at the big 4 I currently work in starts at around 1Cr TC. A senior partner or service line leader would make around 4-6 Cr I guess. A director who was up for partner told us these figures around 2 years back don't know if they would have changed now.