Comp for 1st year PE associate in non-finance capital
All,
Understand for the big guys in NYC 1st year PE associate get around $250-300k a year. What should you expect if you work for a more regional / boutiques at cities like SLC, Charlotte, Atlanta and Miami? Both base + bonus.
Thanks a lot in advance.
interested as well
I would peg comp more to AUM, rather than location. Carlyle (D.C. or Charlotte) or HIG (Miami) pays roughly the same, irrespective of location.
How much do Carlyle/HIG pay out of curiosity?
Carlyle in the 250-300 range, no idea about H.I.G. but I'd assume similar to other upper MM so just a little bit lower of a range
Have a friend at HIG - base is $130k-140k, with 1.25x-1.50x bonus.
I have two friends that have since left H.I.G. to go on to b-school. My understanding is that they made $200k all-in, plus the opportunity to co-invest in deals. They were very disappointed with H.I.G.'s comp calling it below market. I'd be shocked if they pay even at the low end of your spectrum, which is even more than some of the multi-billion dollar funds pay ($140k + $140k from what I've heard).
Really?! $200k all-in is virtually the same as what top third-year IB analysts made this past cycle.
Definitely think your "friend" is full of shit. The lowest end of your range is nearly 300K, which would put it at the high end of MF 1st yr assoc comp
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