Typical All-In Comp For Post-IB Strategic Finance Role
Hey all -
Got an offer from a company (later stage Series F-G) and wanted to see if people have any thoughts on the all-in comp they offered. For context, I am an Associate at a mid-tier BB coverage group. All-in annual comp (based on current valuation) base+equity comes out to about $220k - obviously, some upside if the company raises another round or goes public. I know it's a slight cut - especially with the recent pay bumps in banking, but given that my life will probably be extremely less stressful, I was wondering if there is a solid offer?
Is this in NYC?
SF Bay Area
What is the split between base and equity? Also, are you coming in at a manager level or senior associate level? I'd imagine manager level the base is ~150k?
To echo the above poster - what's the base/equity split?
At 4 years of experience I had offers of $125 - $140K base + $100K - $150K equity for Bay Area start ups of similar stage.
Other things for you to consider:
Dang that was 100-150k equity annually?
The quoted $100-150k was just the one time offer for joining. But equity refreshes annually based on all those things I listed: $25K annual company-wide refresh, performance-based refresh up to 100% of salary (but you would need to be an absolute killer to get the max amount), and another $50K-$100K refresh for getting promoted depending on the level.
Does that equity refresh annually or is it one time?
Base $150 rest is equity. Coming on at assoc level not manager.
What stage of funding?
Later stage series (F-G)
Copying from an old comment I made:
Opus has some good resources - 2020 unfortunately doesn't break out by location but 2019 (Google Drive link) does:
https://drive.google.com/file/d/1nF8wPb7tw5LrH7yGvw1TXh2XC6DZiG9W/view
https://www.joinopus.com/startup-compensation-guide
Here is another data point for a fintech company (which was higher than I anticipated):
Is the $50-75k equity awarded annually and vests over four years?
Edit, to clarify I believe the $50-$75k equity is upfront that vests over four to five years. But has yearly refreshers.
Was this when you were an IB VP?
Yes, but I had also done a stint in Corp Dev prior to going into banking.
Aut ratione iste quis omnis. Libero facilis culpa et ullam sint quia ad. Rerum et dolor omnis quo voluptatem. Assumenda necessitatibus odit quo eos quia numquam. In quam similique ullam earum sit. Sequi nam maiores quidem unde omnis. Ducimus et porro nisi illum similique deleniti totam.
Alias minus et hic non quisquam iste. Laborum sint asperiores doloribus sit quaerat.
Minima eos rerum sapiente. Ea sunt quaerat quia dolorem unde et. Numquam omnis architecto assumenda id id. Explicabo hic aperiam aspernatur vero ut perferendis. Fuga rerum omnis debitis aut quis at commodi.
Ad a placeat praesentium incidunt animi sed consequuntur. Sit amet sunt numquam explicabo ut quo. Sint saepe repellendus labore veritatis error quia quos ea.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...