SM EY Advisory salary / bonus / profit sharing?
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Yes when you make Partner
EY isnt China or communist where every SM in advisory has the same salary bonus and profit sharing. Smh
I disagree. The senior managers that are going to make partner typically become clear after 2 years if not earlier.
Senior managers who outsell and outdeliver partners are common. That is likely more a product of underperforming direct admits but its a blend. Often just based on ability but also the nature of the role, SM's are more effective.
The nature of the partner role needs to change and be closer to delivery and closer to the client. There are too many levels of partner beaucracy that provide no client value and cost far too much.
Hahahaha C1 wtf
I think the starting band is between 175-200 for SM at most firms
Do you guys have any profit sharing at all?
Just finished my first year (9 months, I guess) at SM. I haven't gotten my raise yet, but currently at just north of $200k and bonus approximately $20k for my 5. For reference, my book is currently ~$2M and growing with talk of principal the year after next. I was admitted at M3 2 years ago when I was 29 after starting an office and running a practice of 20 people for 4 years for a smaller consultancy, so this may not be typical.
The range for SM is significant (something like $170-250) b/c people can be SMs for a long time. We don't have a client facing Director level which is the equivalent of SM4+. Bonus varies and with the rating change next year, no one knows what will happen. You get a one time promo bonus to SM. Profit sharing is for Partners / principals only.
I saw some do SM for 3 or 4 years and make partner. So people are making partner at 34-35 years old which is typically younger than at other firms.
PC1: I couldn't agree more. Costs/targets for margin could be reduced if there weren't so many layers of unnecessary, unproductive non-line partners. How many people need to review some of the external comms? Recently we had a list of more than a dozen. Something needs to change.
The challenge is they are the decision makers. When you have to go to deal review with partners who haven't delivered a project in over a decade and their input is often puzzling but given the politics, its hard to push back.
Flatter orgs will fair better in this industry and true meritocracies. Those in delivery are the most critical piece.
Profit sharing....yea right..we get 💩
Yes. They get all off those things
No profit sharing. Salary range here is correct and bonus at EY is lower than other firms. You can make partner faster than at other firms though.
TAS/OTS pay bands are higher
P1 - thanks! Out of interest - how much faster?
@P1 what practice? I've only seen quick promos when people came from being experienced SMs elsewhere (PI)
Unfortunately a quick ascension to the partner ranks is not a good thing for everyone else
Most new sen mgrs are looking at 6-7 years at that rank