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Media Peeps - Title / Location / Salary.
what is compensatory allowances in HCL?
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Media Peeps - Title / Location / Salary.
what is compensatory allowances in HCL?
Brutal week. That is all.
They make around 600K but it really depends
A1 yes, profits rarely follow a normal distribution so PPP only tells you the average without context. You can look up the spread between lowest and highest paid partner to get a little more info, but even then you don’t really know how many partners are at which place in that spread. It seems like most firms are more bottom-heavy with lots of partners making minimum or like 25th percentile and then a group of rainmakers/leaders at the top pulling into crazy money. Hard to know.
For what it’s worth I can tell you about my firm (K&E) as an illustration - PPP is $7.38, minimum shares this past year was around ~$2.5m and maximum was around ~$25m (10:1 spread). If you assumed a similar min/max at a firm with $2m PPP, that would mean a minimum of $677k and max of $6.77m, which lines up with the ballpark the other commentator mentioned.
Subject Expert
Junior equity partners have buy ins, and other expenses to cover, not entirely sure PPP is the best metric for a junior partner ? Any junior partners in here?
Coach
Junior partner at my v40 said that he makes around $700k.
Coach
That sounds about right.
The numbers in this thread seem right to me. Junior equity partner, small-ish book, I and similarly situated junior partners are around $600-$700k at a firm with $2mm+ PPP. But it moves up quickly as you build your practice.
Coach
Junior partner at my firm (one off experience) said he made around $700k. I also know of a senior partner at my firm who makes $20m+ a year. PPP is about $2.3m
Subject Expert
1/3 to 1/2 of PPP is very rough math for what junior partners make.
Subject Expert
First year partners at my V80 make >$1m.