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Partner promotions

 
#1 Partner promotions
11/07/2014 19:44

Topcat

A recent frenzy at the big 4....deloitte 65 and the smaller EY 68...

Deloitte focussed on cyber, data and digital ....ok

EY? Any insights?

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#2 RE: Partner promotions
12/07/2014 04:51

Yellow1 to Topcat (#1)

What do new partners in big 4 take home, out of interest.

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#3 RE: Partner promotions
13/07/2014 00:55

Mr Cool to Yellow1 (#2)

....a new wife, as often as not.

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#4 RE: Partner promotions
13/07/2014 21:57

GrayArea to Mr Cool (#3)

new wife, loan from Coutts (or similar bank) and a P45.

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#5 RE: Partner promotions
14/07/2014 14:30

abc123 to Yellow1 (#2)

Would also be interested to know this. There is the much quoted £800K average for a Deloitte partner, but what do the newbie equity partners take home...?

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#6 RE: Partner promotions
14/07/2014 15:15

MikeTC to abc123 (#5)

About 200k base + bonus. Bonus likely to be sub 100k in year one. Rises quickly - more levels of partner than there are at all lower grades combined.

The average figure quoted above is about correct, but obviously most partners make it by mid to late 30s and then have 20 years as a partner, so lots of variance in earnings between junior/senior partners.

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#7 RE: Partner promotions
14/07/2014 15:40

presidentbartlet to MikeTC (#6)

About 200k base + bonus. Bonus likely to be sub 100k in year one. Rises quickly - more levels of partner than there are at all lower grades combined.

The average figure quoted above is about correct, but obviously most partners make it by mid to late 30s and then have 20 years as a partner, so lots of variance in earnings between junior/senior partners.

Partner by mid 30s? I'm in the wrong part of consulting I think...

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#8 RE: Partner promotions
14/07/2014 15:59

MikeTC to presidentbartlet (#7)

That tends to be how it works within the big 4 pyramid.

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#9 RE: Partner promotions
16/07/2014 09:23

Bushy Eyebrow Partner to MikeTC (#8)

it's like in industry, everyone's a director these days.

i recently met a freelancer who refers to himself as the "CEO" and he wasn't being tongue-in-cheek either

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#10 RE: Partner promotions
19/07/2014 13:45

Topcat to Bushy Eyebrow Partner (#9)

Are EY hiring directors from other big 4 direct to partners? Good strategy?

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