{ "media_type": "text", "post_content": "What do junior partners (2-3 yrs as partner) at Deloitte S&O make all-in? What is that figure at MBB, PwC, EY?", "post_id": "571f580fab6e0b13002b0397", "reply_count": 18, "vote_count": 6, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

What do junior partners (2-3 yrs as partner) at Deloitte S&O make all-in? What is that figure at MBB, PwC, EY?

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I thought the buy in was around three fitty!

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So I've heard from the people above that you need to spend 4-5 years as a S&O partner to make back you 500k buy in. Over 5 years the buyin @20% return is worth approx 1.2 mil. And say 200k a year for living and saving. That makes it roughly 500k a year for the initial few years. I've seen senior partners make 8 figures.

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D2 - I think your numbers are a little optimistic. Pay is not that high the first few years. Return is achieved closer to 8 years.

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How the *firm is doing. Dammit fishbowl when do we get an " edit post" option!

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Why 20% return? Is this a real data point or one you are using for the sake of argument

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Why don't they tell us this stuff?

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My fiancé works there and they had a dinner with partners to straight up ask how much they make. She's in Deloitte audit. Basically, when u make partner ur salary depends on the amt of "blocks" u get. I forgot how much each block is worth but ur typical base salary for a new partner is around 250k. I'm pretty sure everybody told me buy in is 250k. So for the first few years your salary goes back to the firm. The loan has a 3% interest rate and Deloitte actually pays 1.5% of that interest for you.

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At PwC it's similar but they are called shares and you can accumulate more as you go which is why older partners make more. And I know you have to be partner for at least ten years to get the retirement benefits (your paycheck for the rest of your life) and you are forced to retire by 60.

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I heard the buy in was 250k

I think starting at mbb is above half mil

I've heard 400k for first few years but that most partners try to pay back the buy in as aggressively as they can so they take minimal pay first year. But it also very much depends on how the turn is doing. I think they get paid quarterly and in an extreme cases where firm performance isn't what was expected they can actually have to write a check to the firm to pay back done of what they've already received. It hasn't happened in awhile but I've new partners talking about it as such a terrible "what if" scenario

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Oops they had a dinner with partners to ask any questions they want, but how much they make was one of the questions asked.

It's not blocks. It's 'units' and you need to be a partner for 10 years to actually be worth it for you. The firm gives you a loan for the buy-in. You are basically hedging against the firms performance. Your salary may not be high as a principal in beginning but the payout is great as the years go by. This is why sometimes directors make more in the beginning but principals and partners get richer in the long run.

10 years??? Is that bc ur paying back the loan?

The 10 years has to do with the loan and also your pension. The pension is the real reason why it's worth it to become a partner early and be a partner for 10+ years. They play the long game for sure.

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