Potential Net Worth of MBB/T2 Partners
I recently found out about the potential for Bain partner co-invest and was interested in how much wealth that possibility could generate. I found this report which details the net worths of Bain partners on the second page (linked below). I wanted to see if anyone had any info on salary/wealth of partners at McKinsey/BCG/T2s. I know this would be very hard information to get/would be closely guarded but was curious if anyone had potentially interesting info out there. I understand there are differing tiers within the partnership level as well.
I have heard that OW and LEK partners in particular make a lot of money but wanted to confirm.
**geometricadvisors. com/wp-content/uploads/2016/10/Financial-Planning-for-Partners-of-Bain-Co-Seven-Decisions-to-Make.pdf**
Not enough
Thanks for sharing this. I don't have anything to add here but just wanted to comment - As someone growing up in a working-class family of (non-software) engineers, having a net worth of 10M at age 40 is completely bonkers. This is insane...
Doesn't happen in MBB.... maybe by 45.
A lot of this you can back out based on salary data.
Assume you make partner by ~35, and the age in question is 45, you have 10 good years of earning. Assuming you are an average performer, and making 1m-1.25m for each of those 10 years, after taxes your take home pay is ~6-7m in a high taxes city. Assuming your expenses (non wealth-building) are ~100k/year, that lowers the savings/networth to 5-6m.
You can add back in savings pre partner, optimistically at 1m, and you are left with around 6-7m in savings by age 45, not counting investment returns.
This is pretty good... earnings will be closer to 1.5 per year, but expenses will be higher too for most with families. Dont forget that the investments grow over time too...
I made partner at 33 and my target nw by 45 will be more in the 15-20 range assuming i can keep delivering
Did you need an MBA?
I think these types of things make a lot of sense when you have something to confirm it against, like the data presented in the article in this case. In general, if I saw someone do the classic consulting backing out with the numbers, each assumption would have been probably debated before ie partner @ 35 or making 1MM etc.
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