Modesto CA
Started by tdub878
No buy in, but partners can make 150k more than new hires?
Getting paid less than partners is a buy-in.
Also LOL at 6 weeks and 600k for Modesto....
I don’t know why folks don’t consider the income differential during the track a buy in. One of my buddies used to work at an abusive place. A bunch of non partner track folks. 4 years to partner. “Fair and equal from day 1” for call and case load. Partner “buy in” was “only $10k”. Oh yeah, don’t look over here but the income differential over the 4 years was $1.5M.
They took $1.5M in income from the people on the track and had the stones to charge a $10k buy in at the end. He tried to hire me and let’s just say I wasn’t impressed. It wasn’t exactly paradise either, well maybe for the partners.
They took $1.5M in income from the people on the track and had the stones to charge a $10k buy in at the end. He tried to hire me and let’s just say I wasn’t impressed. It wasn’t exactly paradise either, well maybe for the partners.
Right, like where is that extra 150k coming from, or, perhaps more accurately, where is it going?
600 k is minimum. Range is dependent on work/shift preference. 6 weeks is minimum. No max. 600k is cash. Does not include significant benefits (health, malpractice, business $$, 401k, etc).
Don't elaborate or anything...
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why are associates not production based comp?
I know we crap on jobs a lot here, but this seems a bit harsh. Lots of unknowns that could make this a good (not amazing, but most jobs aren’t) vs bad job. Supervision (high vs low ratio) vs own cases, call intensity and average hours a week.
600k W-2 with full 401k + health/malpractice/payroll + overhead cut might be ~750k 1099 gross billings equivalent which is a good chunk of change. After partner maybe ~800-825k 1099 gross equivalent.
A lot of groups I’ve seen will talk about pre-overhead/benefits figures which quickly becomes ~20% less after benefits/overhead. And of course not all W-2 have generous benefits either.
600k W-2 with full 401k + health/malpractice/payroll + overhead cut might be ~750k 1099 gross billings equivalent which is a good chunk of change. After partner maybe ~800-825k 1099 gross equivalent.
A lot of groups I’ve seen will talk about pre-overhead/benefits figures which quickly becomes ~20% less after benefits/overhead. And of course not all W-2 have generous benefits either.
Average hours?
They are. But have a guaranteed 600k base as a minimum floor. First year can make a lot more of they want to work more. Generally speaking there is a period of acclamation for new grads but they have access to same cases/calls/and of course payor mix is same for all.
45-50
If pay is the same for partners vs. new starts from day 1, thats a different story than your initial post. Assuming both new starts and partners work the same amount, do both get the same pay? (assume no floor/minimum)
Sounds pretty good. I don’t know why people are s—-ing on it. At least 600k plus benefits for 50 hours is a lot more than most jobs pay, other than on sdn where everyone makes 7 figures.
