Top Growth firms comp out of undergrad
Just wanted to get a thread started on comp at the analyst level (out of undergrad) for growth equity firms. Seems like it is asked a lot so an organized thread would be very useful. All of this is from previous threads/online. Please add more in the comments if you have information or if my reporting is wrong so I can update.
Insight Partners: ($85k base + $75k bonus + $10K signing bonus)
Lead Edge: $100K base + $75K bonus + carry (up to $220k)
JMI Equity: $125K
Spectrum Equity: $90k all in
Volition Capital : $90k all in
Kayne Anderson: $115K all in
following
Any insight on the larger shops? BX/GA/etc
Have read somewhere on here that the MF Growth arms pay in line with the PE analysts/associates.
Anyone have any exact figures for the MF's
Lead edge doesnt pay that much, source:close friend works there
Could you give us a figure so we could update? The $175K-$200K figure is from a recent thread
I know that base is less than 85, i think its 80, and with bonus i think could be all in around 110, as you mentioned though carry can be huge, depending on if you source a good investment can be almost 2x your annual take home, depends on tons of outside factors though so obviously dont bank on it
Confused about lead edge, only see 1 analyst listed on their team website.
Lmfao wait why tf is Lead Edge giving Analysts carry???
I was surprised as well - guess that’s what they do
could someone explain how carry works
Carry is the 20% of profits that the GP gets. That carry is split among the mid-level & senior investment professionals.
To make things simple, assume a fund makes $100M of profit (excess return).
1. The PE firm would get 20% of the total profits, while the LPs get the rest. So $20M remaining.
2. Now assuming that a VP has 1% carry, the VP would earn $200K ($20M * 1%) of carry from the fund.
3. That $200K is subject to various vesting schedules and terms, so you're unlikely to get it all at once. For example, it could vest over 5 years, meaning the VP will be paid $40K in carry every year for 5 years from that fund.
The actual carry pool and percentage of carry for an employee will vary from fund to fund depending on size.
Some funds do phantom equity which is essentially profit sharing for deals sourced/investments made by the fund
Lead Edge giving carry to analysts sounds suspect. Don't believe that 175-200K number at all...I'm at a MF growth arm and making 160 all in first year
Could you tell us which company so we can add it to the list?
How are you liking it one year in?
Are you sure spectrum and volition are that low?
I've seen several threads stating Spectrum is $90k all in and no one has debunked it. Volition is based on old threads but glassdoor gives the same figure.
You sure thats inclusive of year end bonus? 90k all in could be base + signing
bump
Regarding the above mentioned GE funds, when is it realistic to get carry? After the 4-7(b school?) years it takes to make VP?
Pretty sure battery ventures also similar to Spectrum analyst pay
Can confirm, Analyst pay at Battery is $75k + $15K bonus
do these firms typically pay interns prorated analyst pay?
how would you rank these analyst programs against each other?
.
how does the 50k sourcing bonus work?
bump
You get 1000 bucks for every million the firm invests put into the deal + a few grand when someone in your class sources one. Great model
Out of undergrad?
Yes out of undergrad.
I don't know if this is true, but I could see lead edge paying a lot because it's a cold calling factory. They have to incentivize people to go there :)
aren't all of these firms a lot of sourcing at the junior level?
it's at least 50% sourcing at all the top group equity firms at the analyst level. You generally get to work on the deals that you source, so there's already incentive for that. Sourcing is definitely more than cold-calling tho, it has to do with understanding your segment well and maintaining relationships with all the top prospects in the market. I think Summit is smile and dial tho, so basically a call center. Would avoid that.
Mostly cold-calling and emailing. Once you get a meeting set-up with the founder/ceo, you would ask about the story, operational metrics, valuation, strategies, what you would do with funding, etc. It's actually quite interesting as you get to talk to company management, ask the important questions, and make the decision if you should push it to the VPs/Partners to do further diligence. Most of the work is sourcing at the entry level as "Intern in IB" mentioned; however, if you source the investment you are a part of the full due-diligence process (valuation, operational work, business dev, etc) and there is a potential to get a board seat if the company is small. Source: interviewed there and know someone. Regarding pay - the team is ~15 investment professionals managing around $3b, hence the higher comp.
Any recent numbers on Iconiq? They tend to have a decent sized analyst class. Also heard it’s hella sourcing
I heard they were around 95k all in.
Volition is actailly $60k - $83k (depending on bonus), source: job posting
All in? Link?
https://www.internships.com/posting/bug_38853743303
Anyone have numbers on GSquared
does GSquared hire analysts out of undergrad?
Norwest?
What’s their reputation like in general?
Interested too
Anyone have insight into analyst comp at General Atlantic?
Heard around $140-$160k is the range
anyone know providence strategic growth?
Curious too. Also wondering if any of the top GE firms, or growth arms of well-regarded funds, hire lateral for An2?
What’s the breakdown for Kayne Anderson ? 80k base + 35k bonus ?
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