{ "media_type": "text", "post_content": "Is it really low for new partners to start at $150k and the average partner comp being $350k during their time being a partner? Top 25 firm.", "post_id": "5f77b8d6e0d9b900249c49a8", "reply_count": 53, "vote_count": 6, "bowl_id": "564a5cdb94887803001dd07c", "bowl_name": "Accounting" }

Is it really low for new partners to start at $150k and the average partner comp being $350k during their time being a partner? Top 25 firm.

likehelpful
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

When I worked at a top 100 firm they had non-equity partners (essentially senior managers) that would start off at about $150k. Average equity partner was around $500 to $600k. Also the $150k could just be based off their monthly draw and they receive a large final distribution?

like

@P2 that sounds reasonable. The partner I work under doesn’t want to be an equity partner. She did say that the option to buy shares are granted based on performance though. Is that consistent with non-equity partners elsewhere?

This is not uncommon for firms below top 10 of any size in lcol areas. I was a partner in 2 different firms in that category where starting partner comp is in that range. Although with health insurance and other benefits it is probably more like $175-$200k but still very low compared to Big 4. Most of the time this is due to firms having too many partners for their metrics.

Starting partner comp would indicate a non-equity partner in most cases and $150k would likely be their draw. They would also receive family health insurance and other benefits along with potential bonus. Also keep in mind this is starting without any mention of how much and how fast it increases.

Recent IconRecent

Yes considering some managers and senior managers make that much or more.

like

D2, you got to be kidding me right! There is no way you make 70K as a manager at Deloitte. S1s make more than that is most markets.

If average partner comp is 150k, I'm quitting PA tonight

likefunny

150k seems low to me. Unless thier salary is being lowered to pay for their firm buy in.

like

Seems pretty low in comparison to large firms but if they're straight chilling and working less than 35 hours a week, that's a good life.

like

Well I can tell you that it is significantly lower than the big 4 (or next tier) partner comp. I don’t think you needed me to tell you that though. No idea what comp is at forks after that.

like

Would you like to share what your comp is and what tier :)

likefunny

I think it’s time to switch firms lol

likefunny

Was this question asking what new and average partner comp was in 1993?

funny

What the heck is a top 25 firm

like

Whooosh. Sorry

likefunny

Low. There are too many people with the title partner in a firm that starts partners at $150k.

like

Agreed with EY1. That seems like new sm comp

like

I’m a first year senior manager and my comp is 104k

Are you sure that is their whole comp? People forget sometimes that partners (at least at EY) promote to partner on 07/01 at the new fiscal year, so your partner may have $150k but they may also have a W-2 for the other half of the year.

like

Lmao 225? That’s a joke. What sort of podunk firm do you work at?

like

Does anyone think about how messed up it is that we live in a society that thinks $150,000 is a “low” salary? So offensive.

like

I wouldn't call it messed up, but I do see what your saying. It is worth keeping in mind that most of society would be pretty happy with 150k. This post isn't directed at all of society. It is directed at people in the accounting bowl, which is likely mainly accountants. A lot of us have an idea of what it takes to make it to that point. I have talked to many non accounting friends that straight up say they could never be an accountant. And others who say those are crazy hours. They simply wouldn't do it even if they were paid 150k. Now I'm curious what a pole would show if it asked the general public, explained the education required and actual work that had to be done to get there a. Would people want to do it at all? Would 150k be enough?

like

I'm a 2nd manager making that...

like

High cost area?

Maybe for a super small firm with 2 or 3 partners. I used to work at BKD and a partner I was close with let me know he got the full 199A deduction in 2018. He was the lowest tier, married and wife doesn’t work, so his taxable income was less than 315k. Heard the average BKD partner comp was 500k+ but that was pure rumor.

We have about 200 partners lol. Maybe it’s a bunch of bs. Not good telling us that for retention.

Related Posts

What’s the standard base / bonus for an Associate 1 in NYC? Obviously know evercore and Moelis types are at the higher end but looking to get averages

like

Does anyone know the process for applying/changing agencies within Publicis Groupe? What is the typical salary bump?

like

9/25/2021 - Job Hunt Assistance Alright folks, let's try this again. WFH is on the rise, people do and don't want a RTO. On 4/18/2020 I did a job search help forum situation thing, and I want to try it again. This week, add the information requested in the first comment as a separate comment. Next weekend, I will actively look for jobs for you and DM you the things that I find. You have to do the hard part - cover letters, applying, interviews, salary conversaions...etc... cont.

like

How many of you have heard the “well i made this when i was your age...” & how do you objectively reply to something like that? Trying to lobby for better comp... (asset management)

like

New base salary thread. What is your new base salary and rank?

likefunny

KPMG Strategy SAs. How’s that WLB and base Comp (and bonus %) range (HCOL)?

like

Hi does anyone know average dubai salary (in AED) for 14yrs experience solution architect??

like

What should be maximum salary an associate gets at Morgan Stanley? Is there any joining bonus too?

like

Why does everyone put Tech / FAANG on such a pedestal, claiming it’s better than MBB. Sure, the comp and WLB may be better, but you won’t be doing as meaningful and impactful work e.g. Govt Covid response, Gates foundation projects, industry defining projects in the space of a few months etc

funnylike

Salary for 1st year MC Senior Associate at KPMG in NYC?

like

With salary of 200K all-in and 50k to put down, how much can one afford to spend on an apartment? The estimates I see don't seem realistic.. also looking at condos with HOA fees

like

Anyone else who struck out on MBB recruiting in undergrad wonder how your life would be like if you didn’t fail at that time? Friend started at MBB when we graduated and is almost 3X my salary now

like

EY Consultants In Deals Advisory (IT M&A) what's the average salary for Manager in Minneapolis/Chicago area? Also, do you sponsor MBAs?

like

Current salary: $85k. Offer from another firm for $105k. Is it worth asking big D to match?

like

EY or Booz for cyber federal? If compensation is the same

like

I just cancelled my Chase Sapphire Reserve card. I transfer my credit to my freedom card to not hurt credit score as much. How long must I wait to open up the Sapphire Preferred card and get the sign on bonus?

like

Has anyone exited from Management Consulting in KPMG to Microsoft Consulting services? Keen to hear of opinions primarily around quality of work, WLB, Pay, bonus and work culture. Any opinion/ view is greatly appreciated.

Trying to get a gauge on my compensation. 1 YOE in government consulting, $70k salary, 0 other compensation (not sure about comp adjustment this year, but expecting minimal to zero). Located in DC. Underpaid or overpaid?

funnylike

What is the relationship between amount of work sold and bonus, and at what level does that start to matter?

Additional Posts

Hey everyone! I have passed L1 and L2 interviews in Birlasoft, have HR interview tomorrow. Profile - python AWS developer Work exp - 2.5 years, Wipro Limited How much hike should I expect/ask for?

like

Just interviewed for this job that sounds superficially good but I think will take me back to the work I did 10 years ago but will pay my target salary and will have a fancy title (VP). I don't really want to do this but I need a job, have run out of UI and don't want to deplete my savings to nothing waiting for the perfect job. If offered, should I take it and continue looking or will it look bad? Changed jobs within 1 year once already. At least this job would be spinnable for what I want.

like

How long and difficult do you think it will be to find a new job if you are laid off in the next couple of months or so?

like

@women, what are some of the ways you experience bias in the workplace because of your gender? And what do you wish men (or everyone) would do about it?

like

Me with my video off on a 6:30 AM Zoom

Post Photo
likefunny

DDB’s estimated salary for Creative Director

Post Photo
funny

Desi Consultants!! - who all are thinking of hiring Sima Taparia (after watching Indian matchmaking on Netflix) for finding your future significant other?

likefunny

Thought: When you see diversity of skin color as the most critical factor you miss out of diversity of experience and ideas. Quite often these overlap, but there are a lot of people out there like JD Vance who come from poor white roots, but because of their skin color they’re assumed to have some magical privilege bestowed upon them by society. Likewise, wealthy people of color are lumped in with their less affluent counterparts. We’re so quick to look at skin color and see the sum (cont’d)

like

FAANG good MBB bad, am I doing it right

likefunnyhelpful

What differentiates Strategy& from other firms? Would love to learn more about how they set themselves apart from others. Thinking about applying there. Thanks!

like

Booz Allen: sorry for the repost but I need to add details. 4 years consulting experience, MBA, doing general management consulting. Need info so I can negotiate my salary increase.

like

Would love to hear your negotiation wins and fails, and lessons learned. One of my learnings is simply to ask. If you don't ask the answer is definitely no. My example was asking for additional equity. I got back a no, but was offered a signing bonus.

like

Just had a screening interview for the M&A group for a mid-size firm. Would you recommend sending thank you emails?

like

Working in Europe temporarily. Have an option to do Executive MBA, it’s around 70-90k Euros for an year. Another option I have is doing part time PhD in Management. It’s around 35-40k Euros for 4 years. Any thoughts on which one would be more useful? Currently work in a T2 in their digital practice. Had plans of shifting to MBB 3-4 years back but lost interest after

like

Health check - as analytics consultants/dat scientists, do you have a seat at the table at your firms? Do your firms see/treat you as first or second class citizens? What changes have you noticed ..

like

If I don’t hear back within a week after my interview, do I assume I didn’t get it or can I follow up without looking desperate?

like

My team: can we have a call with you? (4:30pm CT). Client: no I have a meeting and then I'm gone for the day. (Me: lol smh)

wtf does a "chief diversity officer" do exactly? forgive my dumb white ass but besides recruiting multicultural people and maybe hosting some events, is there really place for a c-suite role here?

like

I went to my boss at work and said, "I need a raise. Three other companies are after me." He said, "Really? Which other companies are after you?" I said, "The electric, water and gas companies"

like

When based in a city like NYC with multiple hubs, how do you think about the airline to chase loyalty on?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
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

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal