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Forwarded from a friend, is this true?Barclays
I’m sick of living in NYC but can’t go anywhere.
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I am not good in trading. Earlier had some with motilal oswal, have to check it's status and close as Citi does not permit trading outside I guess.
Since I recently joined Citi, Now I want to learn and do trading inside citi. I really want to master this skill ..
Please guide me on this.
Thanks in advance Citi India Cognizant Infosys Tata Consultancy
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There is more to this than just one number. The truly private partnerships (e.g. Big 4) have very different comp models. They are all cash and based on prior year earnings (usually). Tax obligations are much higher and benefits aren’t subsidized, so take home is a lower percentage. This is offset by more predictable income and the pension, which probably has a current cash value of 125k/yr if you follow the normal model when promoted. Starting range and upper range is broader than M2 states, especially in FS, and ramps up quickly. $2.5-4m is not too rare in my firm. The other firms typically have lower bases and more variable comp. So likely higher total comp potential with less predictability and no pension, and without the tax headaches. Pick your poison. B4 model is great for long-term and a bad year doesn’t kill you. The others can be feast or famine but you can likely buy your llama sooner.
Big4: $350-400 (new partner) to about $2m.
MBB: $500-$700 (new partner) to about $5m.
In both cases very few at the top of the range.
MBB much higher variable element, each firm does it differently.
How much does a llama cost?
We’ve discussed this M1. It varies- healthy ones very different from sick/biters
I met a man while I was biking across the US who had an entire llama farm in New Mexico. His name was Bruce. The llamas were non-biting, healthy, and he sold their hair for sweaters. If the llamas in your “i finally made it future state fantasy world” aren’t generating a passive income stream then you don’t deserve to know how much a partner makes at KPMG.
Super dependent
I know people who have two healthy, non-biting llamas. Came with a house they bought in the English countryside. So I would factor in a little bit of luck when it comes to acquiring the llama/s
With a llama subscription service, do you mail me a new llama every month? Or do you send several llamas and I select the ones I want and send the rest back (llamabox model)?
#Bling$$$
You’re a senior manager and asking this question? Geez.......
What would the fox say?
The current retail strategy is to offer a llama subscription service. More upfront investment is required on your part, but it’s a solid recurring revenue stream. I think BCG has an established foothold in this department
Might I suggest www.llamabox.com
Why not by a Moose instead?
As a fellow partner, P1 is right. I would say, in general, look for comp in the 800k to 1.2M range by 4-5 years in. A common refrain is “you should retire with 15-20M in the bank” and having lived well throughout.
It’s financially very attractive.
@K1....but how many llamas?!?
I know several senior partners who make short of $10M
I’m a little disappointed to be honest. Llamas are the staff aug variant of the camelid family. Partner track should be sourcing alpacas.
That’s why it’s called ranges, McK...
Dumb question - which firms make up these classifications
@McK2 - Big4 range sounds right. Sr. Mgr / Director at Big4 are around 200 - 300 total comp for my group, and I’ve hear 400 as around the range for starting comp of non-equity partner at kpmg for my group.