OFFER PLS HELP - London senior associate VC comp?
I’m a third year IBD associate and I just received an offer at a VC fund in London for a senior associate position.
My current salary is around £150k base and my bonus hit around 140% for 2021 so assuming the same for this year my total comp should be around £350k / $450k if I stay at my bank.
I just received my VC offer contract but to my surprise the section for remuneration was all TBD.
Base salary: TBD
Carried interest: TBD
I’ve been invited to a meeting to negotiate this section and i have 0 clue what to ask for. Especially the carrier interest i really don’t know how this works and what i should be getting. Please can anyone help.
Expect a 50-80% pay cut in total comp.
banking in london appears to be the ultimate golden hand cuffs. someone on this kind of salary will never get even close to something similar in industry...do people always just end up taking massive step down in pay?
not 80% lol.
It depends on the shop honestly there's such a huuuge range in London.
Like if we are talking a pre seed / seed stage fund - yeah your taking a big hit. Probably looking at 70-90k base and 50% bonus + carry.
But when we start to talk about series A/B funds you can expect more. Senior associate for a really good fund maybe cash comp 200 all in + carry.
numbers in GBP or USD?
GBP.
Friends who work in VC as 1st yr associates in london have comp…
Firm 1: 80 + 33% bonus + 40ish carry per yr
Firm 2: 90 + 25% bonus + 60k carry per yr
Firm 3: 105 + 50% bonus minimal carry
Do you remember what their offer was? Interviewing for Sr Associate in LDN
Interviewing currently as well but more for VP roles. Do you want to connect to share info on comps + case studies?
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