What are the partnership buy ins at each of the Big4?

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30% of your draw equity buy in. Used to be 50% but came down over the years.

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If you have to ask, you can’t afford it.

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It’s comments like that is why u keep loosing people. It’s an honest and fair question

New partners get favorable loans or can use their own capital but few do that.

If a new partner is going to get units close to say 300-350k (not sure what the latest targets are) of first year comp then that is the initial buy in. Of course you pay interest on the loan but also get credited for interest in your capital. Loan gets paid back usually out of future distributions but someone else can comment about the terms and payback period.

Depends on how many units you get. Internal promote will have less than an experienced partner poached from another firm. I think pwc has stayed the same initial buy in cost per unit for last several years. Loan is like 2% interest. If you get more shares then can purchase those with more loans too.

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