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27-10-2021, 07:09 PM
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Quote:
Originally Posted by Unregistered
Pay you $5 per day = $2000 for TC
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Which month is this with 400 working days?
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27-10-2021, 09:30 PM
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Quote:
Originally Posted by Unregistered
Which month is this with 400 working days?
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Hahahahaha
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27-10-2021, 10:16 PM
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How long does it take the average big 4 equity partner to become one? I know that many don't make it but just wanted a rough average guide for the ones that do. Thanks
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27-10-2021, 10:30 PM
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Quote:
Originally Posted by Unregistered
How long does it take the average big 4 equity partner to become one? I know that many don't make it but just wanted a rough average guide for the ones that do. Thanks
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RnT equity partner only earns as much as an A&g salaried partner...not all big4 equity partners are equal
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27-10-2021, 11:02 PM
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Quote:
Originally Posted by Unregistered
How long does it take the average big 4 equity partner to become one? I know that many don't make it but just wanted a rough average guide for the ones that do. Thanks
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You can start getting considered around 10 years, but realistically it's from around 12-15 years. Additionally, some firms trying to be funny now and adding one more layer of director between P and EP, but that doesn't really affect you if you're on the normal track to EP (i.e. 12 years to max 15 years track). The inbetween track is the f you track, where they value they money you bring in but don't view you as important enough to make EP (akin to something like Counsel in int firms).
But take note, alot of the big4 have an up or out culture, meaning if you miss their internal "deadlines" to become Partner you're quite screwed (i.e SA promotion is near lockstep, but if you aren't promoted to Partner from 5-8 PQE you should consider leaving), it's unlikely you will be made EP if you can't even hit the usual 6-7 PQE partner mark.
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28-10-2021, 12:07 PM
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Some PHV drivers make more than others #teamzaizai
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28-10-2021, 01:45 PM
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How much does a typical big 4 equity partner earn per annum? I know it varies but what is a usual range?
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28-10-2021, 02:35 PM
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Quote:
Originally Posted by Unregistered
How much does a typical big 4 equity partner earn per annum? I know it varies but what is a usual range?
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2 to 5 million
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28-10-2021, 02:39 PM
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Quote:
Originally Posted by Unregistered
When was the last time the $500 Part B honorarium and $2000 TC big 4 pay was changed?
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TC pay is $2500 at some B4 firms! But there are B4 firms that also pay you trainee pay after your training (before you’re called to the bar) and your net pay is less because it goes towards tax and CPF LOL.. but with more responsibility.
I left my B4 firm recently for an American shop and my gross pay is $21000 (per month) now whereas in Jan 2020 I was drawing $1900 per month (after CPF).. It just shows you how B4 firms are grossly underpaying and I really hope there’s more of a push to increase associate salaries, which I feel are well-deserved? Some B4 partners will even say to your face that junior associates don’t earn much and to suck it up (which is BS). It seems silly the associate pay in local firms is stagnant even after 10 years, without even accounting for inflation.. makes me quite mad which is why I left.
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