AN1 Comp negotiation

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

• Entry-level base salaries in similar roles typically range from £65,000 to £80,000.
• Some firms may offer slightly higher bases, especially if they are known for competitive compensation.

Bonus

• Bonuses in these roles are highly discretionary but can range from 25% to 50% of the base salary.
• Exceptional performance or strong fund performance could push this higher, but this is a reasonable range to expect.

Signing Bonus

• Signing bonuses for similar positions in London are often around £6,000 to £10,000.
• Some firms may also cover relocation costs, such as one month of hotel accommodation to help you settle in.

Negotiation Tips

1. Highlight the lack of a standardized process: Since they don’t usually hire graduates, you can position yourself as a unique hire and negotiate for a competitive package.
2. Ask for clarity on bonus structure: Try to get a sense of whether bonuses are tied to individual performance, team performance, or fund performance.
3. Consider non-monetary perks: If the base or bonus is non-negotiable, inquire about other benefits like training opportunities, relocation support, or additional perks.

Additional Notes

• Funds with PE vehicles may have slightly different compensation structures, but the ranges above should still apply.
• If you’re unsure, aim for the higher end of the range, especially if you’re confident in your skills and fit for the role.

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