How much does principal make a year? Is it less than if they were partners

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Not a principal but my understanding is that on paper it would be slightly less since principals are employees so the firm pays half of the FICA taxes, does 401k match and has health plans available as well as the benefit of not having tax filing obligations in other states. If you are interviewing at the principal level, you can ask for the break out of what the partnership equivalent would be for whatever you are offered.

I’m a senior manager looking to make a move. I just kind of want to know what the range is since now the pay structure is different as a C Corp. I do want to be a partner or principal.

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Depends on service line. I’d expect base to be 250-350k starting as a W2 employee.

That still seems low

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