What is an MD starting salary at the Big 4? And what is the pension like compared to partner’s pension? MD worth it?

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Tax MD here. I think it’s absolutely worth it if you don’t have the business case for partner or if you’re a subject matter expert. I’ve been an MD for several years, so I don’t know what the starting salary is at PwC now, but I know there are MDs making at least $400k or $500k a year plus bonuses. Bonuses range from $40k to over $100k. At PwC, MDs don’t have a pension, but the firm contributes additional funds to a separate retirement account (I think it’s 8% of salary).

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Can MDs chime in with some ballpark numbers or is MD comp also secretive?

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Starting around $250k, but varies depending on service line and area/office. Pension depends a lot on years of service, but if you grew up within the firm, certainly well above $100k/year (which is much less than partner pension). Worth it? To me, 100% yes. I did not want to be a partner. Depends on what your priorities are though, as the partnership has a lot of great benefits that matter a lot to some people.

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I’m speaking for audit in a MCOL city.

Why do people never mention the service line in these types of posts

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Probably depends on your service line

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Worth it vs what, is the question. Partner pension is much higher if that is what you are asking but a md pension is still pretty lucrative vs industry jobs.

smart

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