A partner at ERM can earn a total annual compensation ranging from approximately $177,000 to $224,000, with specific figures varying by location and additional pay components.
Understanding Partner Compensation at ERM
The compensation for a Partner at ERM is influenced by factors such as location, years of experience, and the breakdown between base salary and additional compensation. Based on recent data, here's a look at some reported partner salaries:
Reported Partner Salaries by Location
| Job Title | Total Pay | Base Pay | Additional Pay | Date Reported | Years of Experience | Location |
|---|---|---|---|---|---|---|
| Partner | $178,000 | $178,000 | $0 | Oct 29, 2023 | 15+ years | New York, NY |
| Partner | $177,000 | $148,000 | $29,000 | Oct 16, 2023 | 15+ years | Philadelphia, PA |
| Partner | $224,000 | $203,000 | $21,000 | Oct 13, 2023 | 15+ years | Irvine, CA |
As seen in the table, the total compensation can differ significantly based on the geographical location. For instance, a Partner in Irvine, CA, reported a higher total pay of $224,000 compared to those in New York, NY, or Philadelphia, PA.
Factors Influencing Partner Pay
- Location: Salaries can vary considerably depending on the cost of living and market rates in different cities. Major metropolitan areas or regions with high demand for environmental consulting services might offer higher compensation.
- Base vs. Additional Pay: Compensation packages often include a base salary and additional pay, which can encompass bonuses, commissions, or other incentives. The proportion of base to additional pay can vary. For example, some roles might have a higher base with no additional pay, while others might have a significant portion of their total compensation tied to performance-based bonuses.
- Years of Experience: While the provided data points are all for partners with "15+ years" of experience, within the partner tier, greater experience or a more established book of business could potentially lead to higher earnings.
- Performance and Business Development: Partners are typically responsible for business development and client relationships. Their ability to generate revenue and maintain client accounts often directly impacts their additional pay components.
The data indicates that partner salaries at ERM for those with over 15 years of experience generally fall within the range of $177,000 to $224,000 annually, with location playing a critical role in the final figure.
