Partner payouts are declining across the Big Four consultancies due to a slowdown in demand for services and an increasing number of partners, impacting profitability.
With depressed UK and global deal activity and weak levels of corporate confidence during FY24, we adjusted our strategy for sustainable growth and profitability.
Payouts at EY dropped by 5% this year as partner numbers increased from 866 to 903, demonstrating the direct impact of a rising partner base on earnings.
Senior staff are being promoted to partner status amid slow growth, leading to reduced earnings for partners at PwC, Deloitte, and EY in FY2024.
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