Is the SM role like a junior partner at B4?

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No

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SM is not a junior partner at EY. A junior partner would be a recently promoted partner.

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Sm manager is not a junior partner at any of the B4. A partner with less than 5 years of partnership is a junior partner.

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Disclaimer: this applies to the US.

At EY I believe it depends on the level - an experienced SM who is going for partner soon is expected to do pretty much everything a partner does and will run own projects etc while “proper” partner just drops in occasionally. If you’re a new SM you’re likely to be managed more until you prove yourself.

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EY2, let me disclaim. My comment was applicable to the US firms. In a typical American fashion, I assumed OP was in the US. ;)

Your comments stand valid outside of the US.

At D and EY - probably yes.

No at K and P - we have directors at P, who are -1 Partners, so you could call them “junior partners”

No

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