What’s the avg starting salary for a Partner at your firm?

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Remember that for those firms with true partnership (not just exec level employees) salary is a misnomer. There is draw (a prorated portion of what your ownership stake of the profits at the end of the year is expected to be worth so that you have something to live off of) and there is distribution (a squaring up of the difference). For Uncle D, this is based on units of ownership (gotta pay to play or buy the units) and traditionally a first year partner has been admitted with ~400 units. In general, that equates to a draw + distribution somewhere ~$400K. Now partners also pay tax in every state, they aren't eligible for tax differed benefits like health insurance, etc. so in fact you see some partners take home less then they did as senior, senior managers. Top end for partner comp is 2ish M/yr unless you're one of <20 on the management team. While that is lower than other firms A) We're much larger B) the pension is the real value

likesmart

Yes, decline in % is my understanding. Obviously second hand from what Ps have shared, but seems to be consistent message.

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Anyone have a sense of what the top end at places like Slalom, West Monroe, Guidehouse looks like? I know some are not a partnership model but I have seen some Sr B4 partners hop to those firms so they must be close to parity? Thoughts?

Are the PSAR shares the restricted ones just for directors?

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1-3M on average, 10-30M for more senior titles and responsibilities

funny

$30M... so $36M with expenses. Nice.

likefunny

I’m not going to make partner so it doesn’t factor into my thought process

funnylikesmart

Heard 1st partner makes $800K-1M all in. Gradually, goes up. After 5 years, they average $1.5-2M, but that’s all pre-COVID numbers.

likefunny

For LEK?

I’ve heard 300k first year in my team (UK)

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$250k base and $125k equity (bonus could make it $25k-$200k more but likely on lower side for first year partner)

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A5- you're a super high paid C. I'm at the top of the C band in Strategy and make 160. What group are you in?

Deloitte — in a year like this one, less than I was making as a SM. Otherwise ~400k

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About $750 in a decent year (and we’ve all had a long run of those). Rising to an average of about $2m, with lots of upside above that.

M1 are you saying that first year partners can make 2M?

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