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A milestone of making partner is paying the new partner buy-in fee. However, with such a huge sum of money, this can be quite a nerve-wracking step (especially since it may require you to take out a mortgage-sized loan *gulp*). To help ease any worries when it comes to the buy-in process, here is everything…
What is a partner ‘buy-in?’ How does a partner buy-in work? How much do I need to buy-in as partner at a Big 4 firm? These are all questions that I answer in this blog post. What is a partner buy-in? From the Big 4 (KPMG, PWC, E&Y, Deloitte) down to the smallest firms, acceptance…
In this blog article I discuss the financial implications of becoming a partner. For example, the buy-in process, how you get paid etc You will be asked to buy-in The process to become a partner is not just another promotion. It is where your partners trust you enough to have you as their business partner and…
From the Big 4 (KPMG, PWC, E&Y, Deloitte) down to the smallest firms, acceptance as an equity partner means you will need to resign as an employee, become self-employed, and invest some capital into your firm. This capital is often called ‘buy-in’. In return for this capital stake, if the year is a profitable one, you…
When you are admitted to the partnership you are in effect becoming an owner of the firm. Similar to buying a share of a company, when you become a partner you need to buy in to your share of your Big 4 firm. This article explores how much it costs to become a partner in the…
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