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Dear Partners, I am looking to move to Partner level at Deloitte and have a few queries if you can help me out with.
1. I have been told that first 2-3 years, the equity part of comp will be very low. Is it true and what might be impact of this over next few years?
2. What is the normal equity buy-in level for Partner Deloitte ? Is it 90% ?
3. Wheather Deloitte has pension scheme for Partners and what is the structure of it ?
TIA !Deloitte EY PwC KPMG
At PwC it was about year 7-8. The first five years are on the new partner grid, but you can come off earlier for top performers. Normally it takes 2-3 years after you get off the NP grid to get enough shares to hit the $1M mark. My sense is that the B4 in general is much quicker to take shares for poor performance or quality issues than before. Conversely, the top positions in the B4 firms have seen their total Comp skyrocket over the last few years.
70% variable comp. In B4 mostly non variable.
More than 50% don’t make above $1M in a given year and maybe less than 10% make it every year . It usually takes 4-5 years to get to first $1M year from what I know
Many partners in many firms will never get there. Year 4. Yes.
Really? I was under impression that hitting the $1M mark was quite common. At EY, may be more like year 10 partner.
What % of partner income is typically salary vs variable comp? I need that 🥕 to run towards on the low days
Top positions nationally (firm leadership), or top positions locally (market managing partner / market leadership)?
Nationally