What’s partner compensation (base + bonus) like at smaller consulting firms? (Let’s say those with like 1,000 employees or ~$500m in revenue). Is it materially different than Big 4 or MBB? I’d imagine less, but how much less? Or maybe there’s opportunity to get higher than expected because of less overhead so higher on the bonus side for catch and kill with projects?

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Can vary widely. Worked at 2 global boutiques that were 400-800 consultants range.

First one didnt have equity partners so I assume they made mid to upper six figures, with the top 2-3 sellers hitting $1-2m.

Other had equity partners and median comp was $1m but senior Partners could do $2-3m during good years.

I worked at a boutique with ~700 employees years ago. Partners were around $400k base with substantial upside from variable comp. It was an eat what you kill firm, so partners got a chunk of that plus a firmwide profit share.

During my 4 years there, my partner had variable comp that ranged between $200-900k, with the latter being a banner year and the former being a low year.

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