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Mentor
Just remember that we have to pay tax in every state so $1m is not anywhere close to what we take home.
Nor is it comparable to ACN MDs who get a W-2, so partnership $1m is probably 500-600k of W2 money.
SC2, seems like flawed logic. "1m but only net 700? Hard pass."
Lots of year 1 answers. Is most everyone else afraid to embarrass themselves? I am good at that so I will go, year 3.
For those who answered year 1, do you believe this was atypical or the norm for your firm? If atypical, what is the norm (if you know)?
Typical although they did make some adjustments recently that might make it Y2 (since early comp is mostly lockstep) if the year isn’t so good. In good to great years would expect it to be Y1.
Waiting for Accenture MDs like "Year 19 for me" 🥺
Hahahaha. Damn. Lol.
Coach
Year 4 for me
Mentor
Principal 2 - If you are NP5 and highest tier, yes you can make it but barely (not including any team award) but this means you are 5 years into partnership.
Year 1
AP1, can I DM you?
Mentor
Year 4 for me. Not MBB.
Mentor
Hello.
Year 1
Never.
Year 4 while I was at Accenture and only because I left mid year and made more joining another firm🙂 Accenure has four levels of MD and to make that kind of money you need to level 2 or level 1.
Lies
Care to share the truth?
Year 1
It’s not common, but it’s not impossible. Depends a lot on your revenue pipeline.
Year 1.
Nice work. But not common. 4 for me
Year 1
Year 4
First year.
Not at MBB, T2, or B4/ACN, but I'm expecting to clear $1M gross in 2 years, which would put me at Y13.
I'm now at a regional firm with slower comp trajectories than the brand name firms, but I've been totally fine with my comp since Y1 as a MD, so it's all been cherries on top since then.
All of us partners here are W2 employees, as a point of reference.