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null

Is there a variable component to Senior Managers’ / Directors’ base salary (excluding merit-based bonuses and excluding people that work at A&M)? What’s the incentive for getting as many deals done as possible?

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All of the Big Four are a time and grade recognition and reward system vs a meritocracy - at all levels including partners. I can’t tell you how many times when I was back at B4 that I was told after getting a crappy raise that “I was making the most of everyone my level” - the problem is that the delta between the best and the worst performers is small and limited by a compensation band at each level. For some people that model works but for high performers it’s extremely frustrating.

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Generally (at least on the tax side) we have revenue goals and higher the revenue, the better the bonus

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So you can beg them to make you partner

Delta is pretty significant..at least 40k at M2 level in NYC and would be compounded for SM level

I think we have a different definition of what is significant.....

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