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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.
Yes considering some managers and senior managers make that much or more.
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
150k seems low to me. Unless thier salary is being lowered to pay for their firm buy in.
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.
Would you like to share what your comp is and what tier :)
I think it’s time to switch firms lol
Was this question asking what new and average partner comp was in 1993?
What the heck is a top 25 firm
Whooosh. Sorry
Low. There are too many people with the title partner in a firm that starts partners at $150k.
Agreed with EY1. That seems like new sm comp
I’m a first year senior manager and my comp is 104k
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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.
Lmao 225? That’s a joke. What sort of podunk firm do you work at?
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.
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?
I'm a 2nd manager making that...
High cost area?
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?
@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?
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.
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.