What is the starting pay/salary for newly promoted partner and ED in the SFO office. LOS is audit.

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Curious to see this discussion. I was told by a partner that partners aren’t really guaranteed a salary. It is based on their business, etc. they have to bill hours and generate new business. They also have to pay back their buy-in loan they get for joining the partnership. But that’s just what I heard

Yeah, also heard that. They decide what their yearly “draw” will be (kind of like their salary) based on expected business. Then at the end of the year if they actually did better they get the additional share they earned kind of like a giant bonus. Also they will be paying back their buy-in amount over usually 10 years, like a giant student loan payment. Starting Partner might be in the 350-500k annual zone. Some established Partners make 1-3 million a year. Depends on the practice and clients.

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