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Why do lower level positions (below SM) in accounting roles at the Big 4 make significantly less than advisory/consulting roles but when you get to Partner it evens out?

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It doesn’t even out. SMs in consulting / deals can make more than partners in other practices.

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Tax partners can start at 500k like I said but a tax senior makes way less than a senior in consulting

Follow up: is the work that much more challenging for consulting? Generally curious. It looks like the bill rates aren’t much different. Asking for a friend.

Lower bill rates to clients

Because it takes more money to attract/retain someone who can sell a premium service

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