Quote:
Originally Posted by Unregistered
That’s not true. Big 4 senior partners could earn more than their equivalent in MC and US firms. Why? Because equity share in local firms is hopelessly uneven and pyramidal. You would be surprised how resentful junior equity partners are of the fat cats who do much less work and still take home millions of dollars a year.
|
This is very misleading.
Yes in local firms, the founding head honchos like LW, CO, Darvinder etc earn more than apex partners in US firms, pulling in over US10mil per year.
But those absolute partners are few and far between. One tier below that, you have the HODs who earn between S$2mil and 3mil per year, which is significantly less than the true apex partners, and also significantly less than US firm plateau partners.
Below that, you have your “normal” equity partners, who take between S$600,000 and S$1.5mil per year depending on seniority and dept performance.
Conversely, US firm equity partners earn a lockstep scale which begins at USD2 mil.
As long as you’re not a founding head honcho in a local firm, you’re earning less than a US firm partner.