2022 Canada PE Comp
Annual process to close out the year. Y'all know the drill, please post the type of fund (MF, Pension, MM), position and year as of 2022, base, cash bonus, and any other deferred comp / carry numbers. If you have guidance on your current new position numbers would be great too. I'll kick it off:
Firm: Pension (Direct Investing team) Position: AS1 (for 2022) Base: 140k Bonus: 110k
AS2 for 2023 guidance Base: 150k Bonus: 100k - 180k
Man for Canada these salaries are so high 🥲
Can I ask how the hours have been in the direct investing team?
Is this Canadian dollar?
OP here - all C$. My group and pension is around 50-70+ hours, norm is usually around 55-65 hours though, quite rare for me to hit over 70+ unless things are really hot. A lot of what we do are direct investments but also co-investments with a GP which is why my hours aren't terrible.
Would you rather work at a U.S. UMM? Incoming FT at a U.S. EB as a Canadian from Ivey / Queens and just wondering if the grass really is greener in the U.S. - Sounds to me like Pension life is the best in terms of comp, job security, and exits...
At this stage of my life (mid-20s, pushing late 20s), I think I'm content with where I'm at. I have considered working at a US MM firm, but to your point, there's no free lunch and I would give something up for more comp.
I applaud you for thinking long-term and would suggest you to just think about what you want out of a career and your life. If your goal is to maximize your earning potential and career, going to a MF or UMM in the US would be the best. But it comes at a sacrifice as you'll still be pulling more hours and have less predictability of your schedule. Versus being at a pension, we are paid less (although there is some value in the pension if you stay long enough), but we have much better WLB and other things you mentioned. No wrong decision I think, I have close friends at MFs and myself am at a pension.
Is your bonus all in cash? If so, at what level and at what percentage of the bonus start to become deferred?
My numbers are all cash. I have a bit of deferred comp but its immaterial and 3 year full vesting schedule so have written that off.
Without giving too much away, is this BCI or an Ontario based pension?
ASO3: 150+250 ASO4 guidance: 180+300
Onex/Altas?
Nope
Cpp?
This can't be true! 480k total comp for an associate!?
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