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Q: Big4 - Yearly salary increment

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  #1741 (permalink)  
Old 14-06-2021, 10:45 AM
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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

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  #1742 (permalink)  
Old 14-06-2021, 10:58 AM
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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? Donít 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.

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  #1743 (permalink)  
Old 14-06-2021, 11:18 AM
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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.

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  #1744 (permalink)  
Old 14-06-2021, 08:26 PM
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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.
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  #1745 (permalink)  
Old 14-06-2021, 09:04 PM
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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.


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  #1746 (permalink)  
Old 14-06-2021, 10:32 PM
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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.
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  #1747 (permalink)  
Old 15-06-2021, 05:08 AM
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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.
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  #1748 (permalink)  
Old 15-06-2021, 10:24 AM
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SM make 14/16k? Donít 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.
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  #1749 (permalink)  
Old 15-06-2021, 10:27 AM
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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.
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  #1750 (permalink)  
Old 15-06-2021, 10:37 AM
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Big 4 Consulting SMs do make 15/16k btw, and Ms do make 10/11k.
They donít start at that level.
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