What does the salaried/income partner comp look like in Canada (Big 4)? And how material (financially) is the comp increase from Salaried to Equity?

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I can’t comment on equity Partner, but income Partner compensation is around $300K.

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I could be way off on this but from some of the conversations I’ve had with mentors, income and equity generally start fairly similar to each other, however the difference is the growth of equity partner over time. If you keep bringing in business the shares you can buy increase.

So in summary material difference in comp growth but probably not as material at the start

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Not sure but given my comp + bonus I would expect Partner to be $250 +$50-90 in the early years.

To OP, I was approached from another firm for Partner and avoiding the hoops/pressures of making the case internally is a big draw. Certainly not enough on it's own but the idea of making a case even when you jave a track record and great coaches/mentors seems really stressful.

As to it being worth it - I think it depends on why. Beyond helping your clients your opportunity for team building and having an impact on people's lives is incredible. You can do a lot of good as a Partner in Big 4 for new graduates finding their way and helping experienced professionals reinvent themselves. And if that and the unqiue client challenges aren't a big draw I'm not sure the stress of the job would be worth it at any income. There are easier ways to make a buck.

smart

So did you move to the other firm eventually? 😄 perhaps as equity partner ?

My understanding is that income partners net in around 260ish depending on the firm and equity partners get ‘units’ but not a pre-defined base salary as such + bonuses

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260-300 TC?

US would be different though. But Canada, I wonder if waiting till you make partner is worth it. You’re super narrowed down in your area of focus when you exit and are now bogged down by the prestige of a role that the industry won’t match. (While the VPs at mid size companies probably make much more)

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