{ "media_type": "text", "post_content": "MBB folks - what's the AP/Principal salaries at your firm vs Y1 Partner? I've seen some threads where first year partners suggested they make lesser in Y1 than Principal. Curious to hear how big of a difference the two levels are in terms of comp", "post_id": "5f8f8207f170b80022c6d4d9", "reply_count": 8, "vote_count": 3, "bowl_id": "5c133802e4f35d0012ad759f", "bowl_name": "Partners Only" }

MBB folks - what's the AP/Principal salaries at your firm vs Y1 Partner? I've seen some threads where first year partners suggested they make lesser in Y1 than Principal. Curious to hear how big of a difference the two levels are in terms of comp

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It’s a 70-80% jump in total comp, depending on how well the business (and you) do Also the capital contribution is not cash out - they arrange loan for you at negligible interest

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Your cost of capital is not 1%. You can’t use a highly overcollateralized loan rate to come up with your true cost of capital

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For us there is a very large jump between your last year as an employee and your first year as an owner (excl the capital contribution)

Yeah, once you exclude the negative part, it looks great!! ;) But more seriously, you need to at least include the cost of capital on that to get a real figure

How big a number are we talking? Ballpark difference in TC

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