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Like shopping at high end stores: "If you have to ask how much it costs, you probably can't afford it." :-)
I have heard that the initial buy in is about $400k
o O
I thought 400K was the amount you make the first year?
@PwC1 Both. Lol I was told our firm’s buy in is almost half a milli. And starting salary is $400k but of course you’re repaying the loan over time
but the salary will fluctuate right? or they receive fixed monthly distributions + bonus (which would be based on their shares vs total income of the firm)?
how many % of shares does the 400k represents? approx..?
There are no shares. It’s a partnership. It’s all based on $ put in
ok, how much % of the partnership does a first year partner owns after the approx 400k buy in?
A teeny tiny amount. Think about all of the partners in the firm, then take into consideration the higher seniority partners who have a greater number of shares.
Why don't you just ask hr how many total partners there are?