AN1 Comp negotiation
Hello,
I will be sitting with HR next week for a post underground comp negotiation at a well-known fund (SVP, TPG, King Street, Oaktree) and I wanted to know what salary to expect/negotiate. They don’t usually hire graduates so they don’t have a standarized process and I don’t know anyone who is at a similar role.
What kind of base, bonus, and signing bonus is acceptable especially for hfs that have PE vehicules. This is for a London position, Special situation group.
Cheers
For a graduate-level role in a Special Situations Group (SSG) at a well-known fund in London, here's what you can expect or negotiate based on the most helpful WSO content:
Base Salary
Bonus
Signing Bonus
Negotiation Tips
Additional Notes
Good luck with your negotiation!
Sources: 2021 S&T Bonus, What to pay attention to when signing a contract?, Signing bonus, relocation fees (London), https://www.wallstreetoasis.com/forum/private-equity/qa-non-target-top-bucket-ssg-private-creditdirect-lending?customgpt=1, 2021 S&T Bonus
Started on buyside out of school too, albeit not a shop like that. If you already have the offer, ask for 150 base at least. They’ll probably pay you less, but aim high and know your worth.
Is this London based ? Seems high and asking for something as high as this requires data points no ?
Guaranteed he didn’t finish reading the post and is speaking as if you were in the US
Son, at that level and particularly at a well-reputed fund, you take what you are offered, and you say thank you.
Fact you don't even know what's "acceptable" shows you have no leverage.
Funds like that pay well. If you start off haggling over $20k, they'll think you have an attitude and you're starting off on the wrong foot.
Thank you for the advice !
I am mainly asking because I was asked twice by HH/HR what are my comp expectations. I am not really going to negotiate. It’s mainly to give a number that is ballpark range
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