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1. Salaried Partners: It starts with minimum 85lpa to 1 crores PA as a junior salaried partner with fixed to bonus component ratio about 60:40. With a few years down the line in partnership, salaried partners in SAM Mumbai can expect a compensation north of 2 crores PA. (This is strictly applicable to the M&A/PE Practice only)
2. Equity Partners: Once the salaried partners buys into equity, the fixed component is capped at 1.2 crores PA with bonuses going upto 200%+ of the fixed component. I can speak for equity partner of my private M&A practice only and she makes approximately 3-3.5 crores PA.
3. Rainmakers/Practice Heads: Barring few practice heads with a below average book, the rainmakers in SAM are making upwards of 8 crores PA. One popular partner who heads the M&A and PE practice brought home 13 crores in FY2023.
JP1: 75 lakhs fixed; 25-40 lakhs variable; 3 crore target
JP2: 90 lakhs fixed; 40-55 lakhs variable; 4 crore target
JP3: 1.15 crore fixed; 55-70 lakhs variable; 5 crore target
JP4: 1.35 crore fixed; 70-85 lakhs variable; 6 crore target
JP5: 1.5 crore fixed; 1 crore variable; 7 crore target
SP1 (non equity): 2 crore fixed; 1.25-1.5 crore variable; 10 crore target
SP2 (non equity): 2.5 crore fixed; 1.5-2 crore variable; 15 crore target
SP3 (non equity): 3 crore fixed; 2.5 crore variable; 20 crore target
EP pool: everything from fixed to bonus to target depends on how much business you bring in