I’ve seen a number of Directors / SMs from Big 4 firms move to similar roles at smaller shops, or, to MD roles at smaller firms. Realistically, what sort of comp adjustment would they be facing? And what would the variance for an MD look like from B4 vs smaller?

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Worked with quite a bit of big four in MM. Seems like they are compensated well. It feels like they just do the same amount of work bc the data is so messy

They also have such a better acumen compared to people growing up in MM which is helpful.

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The comp change during the switch isn't that big of a deal, most likely its an increase or flat. You're giving up the long term comp of big 4 though and that's material, but it could be because either a) you weren't going to get to the next level at your big 4 firm, or b) you didn't want to live the big 4 grind anymore but are comfortable with the reduced long term comp. Effectively getting $3-500k comp in the near and long term is a solid living though significantly less than big partner comp

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They leave for better pay for the most part, as surprising as that may sound

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