Q: Big4 - Yearly salary increment

Does a typical SM3 maybe 160 k?

Is there any rank above SM3

Sg is all equity partners

won't there be a buy-in period of a couple of years where they haven't get equity and earn fixed salary?

or don't have

Originally Posted by Unregistered

won't there be a buy-in period of a couple of years where they haven't get equity and earn fixed salary?

or don't have

Don't know why people bother ask when most of you guys will leave at senior level

Doesnt matter if we’re not in big 4 or left
Its just interesting to know if all partners are equity holders
Its about knowing what higher ups are getting in the auditing community plus maybe theres always this mystery about them , thats why people ask . I dont think they ask simple because they want to be a partner . Its more of curiosity

If u cant ans dont pass snark remarks and assume you know it all.

So if anyone here is able to answer:
Are the new upcoming partners mainly equity partners in big 4?
If no, which firm isit that no longer offers equity partnerS

Anyone can advise how much is Deloitte offering for audit - A1?
I know all other big 4 has revised but didnt hear anything on them.

Originally Posted by Unregistered

Doesnt matter if we’re not in big 4 or left
Its just interesting to know if all partners are equity holders
Its about knowing what higher ups are getting in the auditing community plus maybe theres always this mystery about them , thats why people ask . I dont think they ask simple because they want to be a partner . Its more of curiosity

If u cant ans dont pass snark remarks and assume you know it all.

So if anyone here is able to answer:
Are the new upcoming partners mainly equity partners in big 4?
If no, which firm isit that no longer offers equity partnerS

To my knowledge, there is no such thing in Singapore context. Most likely someone read about salaried partners on Reddit or overseas forum and mistakenly thought it applies to Singapore as well.

interesting

means day 1 partners are all equity partners?

what about junior partners?

No buy in period?

Originally Posted by Unregistered

interesting

means day 1 partners are all equity partners?

what about junior partners?

No buy in period?

Buy-in refers to the lump sum you have to pay the partnership when you join them. It’s not a “period” but a monetary sum. Some new partners do not have that kind of cash upfront, so they take a loan from other partners / take a private loan.

Most of their profit sharing from the first few years will go towards repaying this loan.

Originally Posted by Unregistered

Buy-in refers to the lump sum you have to pay the partnership when you join them. It’s not a “period” but a monetary sum. Some new partners do not have that kind of cash upfront, so they take a loan from other partners / take a private loan.

Most of their profit sharing from the first few years will go towards repaying this loan.

Curious much does it cost