Q: Big4 - Yearly salary increment

Originally Posted by KKK

Not only need to be a partner but need to be senior partner in order to make serious cash. Even a junior partner only makes like $14/16k per month which isn't a lot. The senior partners on the other hand can easily make $1mil a year.

It's a slogfest over at the big 4.

serious ? SM is already making near 14/16k per month

i suppose partner should be near 20k/mth, else they might as well be a senior management in other corporation

Originally Posted by Unregistered

serious ? SM is already making near 14/16k per month

i suppose partner should be near 20k/mth, else they might as well be a senior management in other corporation

SM make 14/16k? Don’t make me laugh. M starts at ~6k. Do the math yourself. Maybe for those that are stuck at SM with a lot of experience then perhaps.

Originally Posted by Unregistered

serious ? SM is already making near 14/16k per month

i suppose partner should be near 20k/mth, else they might as well be a senior management in other corporation

Yea, I am 100% sure because I have friends and family working in big 4. Partner can easily make 20k/month but not as a junior partner, need to have more ownership in the partnership then can make lots of $$$ but that usually only comes a couple of years after they make partner.

Originally Posted by KKK

Yea, I am 100% sure because I have friends and family working in big 4. Partner can easily make 20k/month but not as a junior partner, need to have more ownership in the partnership then can make lots of $$$ but that usually only comes a couple of years after they make partner.

Is there like a limit on the ownership/partner share they can buy ?
An analogy, if the junior partner came from a wealth family to begin with. Can he/she literally buy X amount (to max that he could affords) of ownership/partner shares and literally do the minimal but get tons of compensation due to the ownership/partner shares he/she is holding ?

Like the concept of an investor buying a company shares and get dividend from it.

Originally Posted by Unregistered

Is there like a limit on the ownership/partner share they can buy ?
An analogy, if the junior partner came from a wealth family to begin with. Can he/she literally buy X amount (to max that he could affords) of ownership/partner shares and literally do the minimal but get tons of compensation due to the ownership/partner shares he/she is holding ?

Like the concept of an investor buying a company shares and get dividend from it.

I think there is a limit and it is tied to the years of service in the partner capacity because their shares vest over time so it's not instantaneous. Even then, how much a partner takes home is also dependent on how much his business unit brings in.

Originally Posted by KKK

Yea, I am 100% sure because I have friends and family working in big 4. Partner can easily make 20k/month but not as a junior partner, need to have more ownership in the partnership then can make lots of $$$ but that usually only comes a couple of years after they make partner.

non equity partner ... maybe that amount

equity partner that buy in is way more... else not worth it la.

Originally Posted by Unregistered

serious ? SM is already making near 14/16k per month

i suppose partner should be near 20k/mth, else they might as well be a senior management in other corporation

Yup a new junior partner makes about 14k a month, but that's base salary. SM is around 8-10k a month typically. Those who get stuck at SM for longer might be making more, quite near junior partner level like you said.

[chickpig]

Originally Posted by Unregistered

SM make 14/16k? Don’t make me laugh. M starts at ~6k. Do the math yourself. Maybe for those that are stuck at SM with a lot of experience then perhaps.

Big 4 Consulting SMs do make 15/16k btw, and Ms do make 10/11k.

[chickpig]

Originally Posted by Unregistered

Yup a new junior partner makes about 14k a month, but that's base salary. SM is around 8-10k a month typically. Those who get stuck at SM for longer might be making more, quite near junior partner level like you said.

Wow, like that means Big 4 Consulting SM earn more than Audit junior partner, and Consulting M earn more than Audit SM then.

Originally Posted by chickpig

Big 4 Consulting SMs do make 15/16k btw, and Ms do make 10/11k.

They don’t start at that level.