As we have discussed before, comp plans are hard to understand – don’t try to absorb it all at once. You need to mostly be 1 step ahead of your current position, meaning if you are currently a Senior Associate you need to understand the basics of the comp plan, what all of the terms mean and what you need to do to get to the next level which is Manager.
The best way to do this is right here! Follow from the start the posts in the category “Comp Plan”. Ask questions if there is anything you are still not sure about and most important, keep in contact with your sponsor. They will keep you motivated and moving forward.
Once you have the basics, come back here to go to the next step.