Many banking analysts have already accepted PE offers for 2010 or have started PE positions they accepted around this time last year. I'm wondering what some of your offers are/were like.
I'm trying to squeeze into a very specialized shop and as a result be able to negotiate a pretty solid comp package. I'm hoping for 110-125 base + 150 bonus + (10 to 25bps carry). But obviously depending on what market currently is, I may be asking for more/less.
Its a very specialized $3B AUM fund and I think I have a basis for justifying an above-market comp. I'm just trying to accurately gauge what market is... without shelling out $3K for the GloCap compensation report.
Damn. That looks like a really sweet deal.
It ain't sweet till you get it.
Ive stated this before but anyways... Mine is a bit lower ($250MM fund), and I just finished one year in banking.
base: $85k Sign-on: $20k Bonus: $70-150k
Plus they paid back my bank the signing bonus that I had to pay back, which was nice.
MonkeyKingdom, where is your firm located, geographically (in general)?
New York.
Marcus, 1st year analyst (post 2 year IB stint)?
Base: 100-120 Bonus: 80%-100% of base Carry: really depends on the shop (many shops do not offer participation)
Based on the AUM I would nego for 120 base + 140 bonus and as much carry as possible (anything beyond 25 bps seems aggressive given your current position)
Bc its specialized maybe you are nego from a point of leverage but in this environment I would not get piggish
Is it a media/telecom fund? If you don't want to publicly answer, PM me instead.
Is it $3bn AUM, including all legacy funds, or their most recent fund is $3bn and they have older funds? Is it a team of 10 folks or a team of 50? What kind of hours are expected of you?
I think the offer you are trying to negotiate for is way above market right now. By $150 bonus do you mean up to $150? That might be more reasonable. Also, MOST shops do not give carry to a pre-MBA associate. If you get any carry at all, consider yourself lucky.
~~~~~~~~~~~ CompBanker
I don't think our pre-mba staff gets any carry at all.
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