Seems like a lot of questions on partner comp and net worth. Here is the rule of thumb:
1) Big 4 partners make $600K to $1.5m based on seniority and practice.
2) MBB partners make $1m -3m based on seniority

Typically your expenses are between $100-300k. Add Taxes to it, that’s the amount you add every year.

About 6-10% return yearly on the savings.

So net worth of partners are probably between $3m to $20m depending on which company and seniority, investment profile, etc.

Where am I wrong?

like
Posting as :
works at
You are currently posting as works at

How is the $3m to $20m range you’ve developed helpful to your decision making?

likehelpfulfunny

I decided to move to corporate, because I did not like B4 trajectory.

Big 4 may start as low as 300k depending on the service, and not all MBB partners start at 1m (most don’t start there)

like

I believe EY starts partners around $350k and adds $100k/year for 4/5 years as they scale. Then it’s about accountability for your book and moving up within region/firm leadership.

Call me old-fashioned but a career built around purpose based on your interests/skills is more rewarding than one based on money, in the long run.

likeuplifting

EY3 - agree, but wouldn't do it any other way

New partners at Deloitte can start out lower than $600k, particularly in GPS

likefunny

And Net worth range should have a caveat of “after 5 years as a Partner”

like

What about EYP partners? Is it starting at $600K and upto $1M within 5 years?

You get pension from big4, but not MBB. And the MBB range should be a bit lower

Related Posts

I have dal 19 put 3/27. Loosing money there, should I wait out another day or two or cut my losses now?

like

I’m making 55k in Chicago. Am I underpaid?

helpfulfunny

Hi guys, Now VMware is offering me a 35% percent hike of what I am earning at DellEmc. I just completed one year at DellEmc. Total 2.7YOE But I don't like to go out of Dell, due to some personal commitments I am planning to switch.
Is it a good time to switch?

Can I talk with my manager ?

Are they able to hike the salary of what VMware is offering? Please suggest me.
Dell

likefunny

What’s a fair salary increase after a year of inflation?

like

Hi all,
Please help me understand if I should accept this position or not?
I was working as a regular staff therapist for 2 years at an assisted living when just 2 weeks back the HR approached me with an offer to work at a newly opened senior living, so basically I will helping them set up that location from scratch, open it and get it running. For doing all this they have not even clearly offered me a promotion, raise or a change in position. What should I do?

Please help🙏🏻

like

What percentage of your income do you save, invest and spend?

like

Hello all. My company just went through an acquisition and the company did some restructuring of job titles. When they did this we were all advised the company would be making sure our jobs pay aligned with the national average.
My issue with this is my job title went from a Technical Support Supervisor to a Customer Success Team Lead. I have voiced my concerns with management but have been advised job titles are semantics. In my eyes this is a demotion, and will affect how much my job is worth.

I'm a pca in TN with around 8 years of experience. I am making 13 a hour. Is that low?

like

What other cards to add to my collection? I have AmEx Platinum and Chase Sapphire Reserve. Fly Delta so AmEx is handy for lounges. Use Sapphire for dining/travel. Should I add Chase Freedom Unlimited?

like

Guys 500$ to invest in alt coins..Any suggestions?

like

Hi folks , what’s the salary range for Wipro Europe development centre (iDeas D&C) for B3 level Sr consultant ?

like

How much do people make on average in VC after 2-3 years out of undergrad in MBB/IB?

like

Looking for advice. These are the highest priority offers I am holding and around 15 days NP left now. I am planning to finalise the company from these offers. Help me with the selection based on Job Security, WLB, Designation Offered, Growth(both learning and financial), Brand Value etc. TIA.
YoE : 4.7
Package is almost same in all the orgs.

1. Koch Industries
2. IDFC first
3. Infostretch
4. CTS

like

Anybody knows how much earns an average line cook in Orlando, Florida? And how many hours have to work to get a decent wage

like

Hi all i have a 3 year experience as Datascientist in industry with masters in ML im completely tiered of my current job due to politics , work env and projects .want to switch to other companies..please help me which one has good work env and proper pay nd projects

I’m so tired of US companies hiring remote Canadian employees offering to pay a fraction of the price for the same role.

This is consistent across the majority of the tech companies. While I am looking to exit consulting, don’t want to be paid 50% of what my colleagues would be making across the border.

likefunny

What’s a good salary range in the dmv area for someone with 2 YOE in analytics and a TS/SCI w/ poly?

like
like

Does PWC accepts counter offer easily when produced other offer letter with more CTC?

like

More Posts

Floyd modeling his business-professional wear.

Post Photo
likeupliftingfunny

Advice on networking? Especially if you don't have common interests... find it kind of hard being an Asian and not really interested in sports or watch Netflix!

like

I worked 2m for startup company and absconded due to bitter experience from Jun'21 - July'21 , later immediately joined to another company Aug'21 to present(under notice period). Now I got offer with comcast and will moving on Jan'23. I'm bit worried because I don't have releiving letter for those 2m but all other records are clear with me(includes to company I'm currently serving notice period). I yet to reveal this 2m to my Hr. Should I tell and leave as such, Kindly pour your advice.

It be like this :

Post Photo
funnylike

Anyone want to work for us in our chicago office and make me some referral money?

We’re looking for ACD’s, seniors, and a mid-level writer. Send me a DM with your book(s) and i’ll refer you.

likeuplifting

Have interviewed big 4 company and got a offer around 25% bump and expecting better assignments than current firm. The partner in my practice reached out and is doing everything he can to make me stay

like

Hi Fishers, currerntly at tcs 8 exp with 25l salary as a data scientist.. what hike should i expect next.

like

I’m a physician assistant with interests in technology. I’m well versed in epic. I’m looking to leave clinical medicine, what kind of roles are available with epic?

like

What agency do you work at and how many productions do you go to in a 1 year period?

like

Does anyone have reccos on simple at home teleprompting tech or hardware? Need to have a client record a speech remotely from home for a conference, were editing together a simple video. Thanks!

like

What are key questions to ask a sitting account team during an interview to better assess how great or terrible their current clients and/or projects are?

likehelpful

Anyone else feel like avoiding all these spots before the super bowl is an extreme sport? Maybe it’s just me, but I want to see them at game time... reading ahead takes all the fun out of it for me.

like

Trying to learn how to automate work using python. The specific task I wanna do is using information from a different webstie to create zendesk tickets. Any good resources I can use?
Thank you

Hey can we Directly go to the office without reserving a seat?
Please let me know. Thanks.

like

SO and I have finally saved $500k. Should we buy a house or a green card (Indian born on H1 in the US, I-140s approved)

like

Could anyone let me know kn how EY account will be in hexaware?. Is it good one to go??
Please suggest your thoughts
@

like

I got a job offer at Fisher Phillips and I’m debating on taking it. Does anyone have any insights on the firm’s culture? Is there a decent work/life balance? And if you know, what is the average salary for a third year attorney?

like

I've been working in the insurance industry (property and casualty) 4 years now as an insurance sales agent. Looking to switch gears a little. How do I get into the claims adjuster field. Looking to make a change and make good money. I currently make about 38k a year base and 1% in commission.

like

Hello all,

I have joined Capgemini on last week they took for development project and now they assigned to admin related projects.
I am not interested in admin related projects.
What can I do ?
And if I quit from cg need to serve notice period?

like

Hi I am a Tax Analyst in EY GDS for my career growth what are the things I should give importance. By when do we get salary hike usually? EY.

like

Additional Posts in Partner One

What’s your sales target for this year?

What is base pay range for L5 at Accenture?

like

Hey Partners! I accepted a position at another firm and was bumped from manager to Senior consultant level. Could you give me some advice on 3 key things I can focus on to help me re-advance quickly?

like

PwC Anyone went through a direct admit Partner process? I am being approached and have some questions (process, timeline, interviews experience, compensation etc.) Thank you!

like

Partners - absent the paycheck, do you enjoy your job? Regardless of yes/no, did you enjoy the path to getting there? If you didn't, what convinced you to keep going at it?

like

Partners, what's been the impact to ongoing sales conversations? Do you think we're all screwed for the year?

like

Dear Partners-
Have any of you switched firms to make P? Worth it? Tips? Have always planned to make at my firm, but my firm isn’t keeping up their end of the deal, so I’m job hunting....

like
likehelpful

Partners, At IBM we have Band 8, 9, 10 (AP). If the three banded people were to apply for an opportunity in BIG 4, what levels will they typically be slotted?

like

Tips to build my brand and network as a junior practitioner navigates their career to the next level at the firm?

like

I just took a leadership role in industry after 5 years in advisory (industry hire). Partners, any tips for the transition? What have you seen your clients do well/poorly during big career moves?

like

Do partners know each other’s compensation? I see partners selling engagements for vastly different numbers b/w shorter ‘interesting’ strategy work and longer ‘boring’ transformations. Thoughts?

like

Partners, what are some of the most memorable and effective ways/reasons your team has asked for more comp? If someone is a high performer/emerging talent, what is the typical comp increase you’ve approved?

like

Hiya! I was wondering if anyone here has any good recommendations in terms of books or learning material that I can pick up to learn about sales and marketing relevant to the consulting industry?

like

Hi partners, do you have an MBA? What are your thoughts about getting an MBA for someone who already works in consulting? Thank you :)

likesmart

I do things (late nights/weekends) that I don't think my managers/partner knows about since everything is running well - directly correlated with elected hours spent. Is it weird to bring this up?

like

How is a Partner’s sales bonus at your firm calculated? Also, what if multiple Partners have connections at the same client when a sale is made? How is the bonus fairly distributed?

like

Hey PPMDs: do you prefer talkers or walkers? I see way too many talkers with no substance

like

For partners with kids ~13 and up. How many sporting/music events do you find yourself missing? I’m making it work with weekend stuff, but I know as they get older more happens during the week.

like

Blockchain - is anyone actually working on a real Blockchain project or is it just concept selling at this time?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal