14 Comments
 

Onex/ONCAP/Altus aside, when (at what level) does PE comp surpass IB comp?

 
Most Helpful

The short answer is not before Partner but what happens at the partner level is highly variable based on what fund you're referring to, how well the fund has done and will do, what the carry structure is, and finally how much compensation is re-invested vs cash.

A partner who is forced to re-invest 20% of his total comp into a fund that has a life of 5-7 years loses the opportunity cost of capital and also bears high risk of poor or negative returns.  At the pension level, the group head of private assets probably pulls 2x an average MD but significant amounts in LTIP and also the path to that is much more poorly defined than an MD.  Perhaps a better comparison would be a coverage group head of IB and that would pay maybe slightly less than a PE pension head but would be potentially less LTIP heavy.

 

Quia velit eos modi sint eaque voluptatibus rerum. Dignissimos odit explicabo commodi ducimus earum nisi recusandae. Odio magni recusandae aut tenetur incidunt. Quis quis vero tempore tempore laborum consequatur fugiat. Aut quam et consequatur earum maiores quaerat. Ullam omnis inventore explicabo.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”