I was recently told by a senior manager that it doesn’t matter where you live, you will be paid the same the first year you become a partner. Same goes for director. Is that true?

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No not true at all. Lol

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The person who told me is going up for PPD soon. Are you sure?

Are distributions not based off units held? I wouldn’t see why this wouldn’t be true. Maybe partners in high COl can buy in more units than a lower COL

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They’re not employees, which means they don’t have a base salary. Their pay is in line with units held. I think they get monthly or quarterly distribution and then it’s trued up at year end. If a partner performs well, they’re entitled to buy in more units, essentially increasing their net pay. I’m from the NYC office and starting partner pay is around 400k and senior partners are over the 1m mark

Not true lol

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I think if that was the case their wouldn't be a demand to work in a major city with a very high col like NYC or San Francisco.

That is true, at least at RSM, same units, different state, same profit share...there is no difference to profit share solely based on the market you’re in

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Very incorrect. A new partner with some massive clients in NYC is paid well above a new partner with a some small clients in Des Moines.

They generally purchase more units if they have bigger clients.

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