1st Year Private Equity Associate Compensation Update

Saw that the most recent compensation updates for private equity positions are from 2016 and since then, many investment banks have raised 1st year associates salary base to 125 so just wanted to get an update.

Obviously this number would vary between lower MM, MM, upper MM, and MFs, but would love to have an idea on where things stand. If anyone can give ranges for base / bonus for the fund they are at (does not have to be exact), it would be greatly appreciated going forward. I'm assuming a lot of times, the ranges are correlated with the AUM of the fund.

Also, just curious but do private equity firms help you "prepare" for your business school applications? Obviously there are some great funds like Berkshire Partners, MDP, Bain Capital, GTCR, and a few others that constantly send their associates to HBS / GSB. Do they hire admissions consultants for their associates?

Career Resources

+30	What's Next?	PE	6	2h
+28	To all associates coming up on the 2 year mark, how bad is it to have no deals done?	PE	7	1d
+27	Easiest way to make about $2mm/y	PE	19	9h
+26	VP Level - when to follow up after final round	PE	10	15h
+22	What happens if you go for on-cycle and don’t land an offer?	PE	24	2h
+17	Vista Lateral Associate	PE	4	5h
+16	IB/PE Lifers, Was It Worth It?	PE	5	3s
+14	EBITDA walkdown to cash flow for debt service	PE	10	4d
+14	What do you hate the most about second round diligence?	PE	9	3d
+13	Why is Blackstone so dominant?	PE	9	2d

1	redever	99.2
2	Secyh62	99.0
3	BankonBanking	99.0
4	Betsy Massar	99.0
5	kanon	98.9
6	CompBanker	98.9
7	dosk17	98.9
8	GameTheory	98.9
9	Kenny_Powers_CFA	98.8
10	bolo up	98.8

1st Year Private Equity Associate Compensation Update

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