Comments (180)

  • Associate 1 in PE - Growth
Mar 31, 2022 - 5:34pm

330k all-in in NYC. ~60% in form of bonus (bonus amount not stated in offer but target was communicated verbally). ~6bn fund size. No communication around co-invest. Obviously a lot of money, and I'm happy with it, but feels a little light given NYC, base/bonus split and fact that it's a ~$60k discount to taking Aso promote at bank.

  • Analyst 1 in IB - Gen
Mar 31, 2022 - 5:51pm

Maybe it'd be helpful if people also mentioned the particular type of firm/strat (i.e. Buyout/PE, GE, PC, SS, HF, etc.) given comp is all over the place right now across different strategies, funds, etc. 

  • Analyst 1 in IB - Cov
Mar 31, 2022 - 10:31pm

2 Midwest LMM funds, ~400m and ~600M, both 200 target all in (one had bonus upside to 250 all in)

  • Analyst 1 in IB-M&A
Mar 31, 2022 - 11:10pm

midwest comp in my experience is less than NYC for sure. This also isn't Chicago, rather a T3 city. The 400M fund feels a little light, would've preferred 110 base/bonus, as I'm taking a hit in base from 1st year analyst base now. The 600m fund I got an offer at had higher bonus potential, so 250 in a T3 city would be pretty good, but again 100k base doesn't go as far as it used to. 

  • Prospect in IB-M&A
Apr 1, 2022 - 10:19am

330K all in - $5-6B latest fund for UMM 

  • Analyst 1 in IB - Gen
Apr 1, 2022 - 11:21am

~$375k all in including signing + relocation bonus, $3-5B latest fund for SF buyout firm.

  • Analyst 2 in IB - Cov
Apr 1, 2022 - 1:02pm

Austin based (associate 1) - 800m fund 250k all in (125K base 125K bonus) not including signing or relocation. Coinvest from day 1 and then carry at sr associate. Hours are 9-6. 

Apr 4, 2022 - 1:40pm
NotAClimber, what's your opinion? Comment below:

Would appreciate a PM as well. Congrats!

Array

  • Analyst 2 in IB - Cov
Apr 1, 2022 - 6:56pm

200 base, 100 bonus; non-MF in NYC with 10bn+ most recent fund; nothing mentioned about signing bonus when I received offer

  • Analyst 2 in IB - Cov
Apr 19, 2022 - 4:02pm

Firm has a 20bn+ infra fund but I'm going to corporate buyout fund which is smaller and growing

  • Analyst 2 in IB - Cov
Apr 2, 2022 - 3:02pm

$3-4bn fund in SF with max comp (including relocation) of 375 but ~70k performance-based. Curious to see if anyone else has a discretionary bonus in offer letters

  • Analyst 2 in IB - Cov
Apr 2, 2022 - 8:53pm

What firm is this? (Can give a list including firm if not comfortable saying explicitly)

  • Analyst 1 in IB-M&A
Apr 2, 2022 - 10:08pm

NY megafund, $180 base / $190 bonus (bonus guaranteed, though I've heard previous classes got more than the noted amount)

  • Analyst 1 in IB-M&A
Apr 3, 2022 - 1:14am

Do they put the bonus in the signing letter? Or just voiced over?

  • Analyst 1 in IB - Gen
Apr 2, 2022 - 11:59pm

MF, with $150k base and a target 120% of base in bonus. They already raised the target bonus from 100%, but I feel like they need to raise again (I would make more staying as an Associate at my BB)

  • Analyst 1 in IB - Cov
Apr 3, 2022 - 9:59pm

I'd be stoked with 25k increase. Also curious to know, but I'm anticipating 5k bump in base bonus?

  • Associate 1 in PE - LBOs
Apr 7, 2022 - 7:50pm

My shop is $50k increases each year (from Assoc 1 -> Assoc 2 -> Senior Assoc)

  • Incoming Analyst in IB - DCM
Apr 4, 2022 - 5:16pm

Help me out here-what is shadow carry, and how does it differ from just regular "carry"?

  • Analyst 1 in IB - Gen
Apr 17, 2022 - 12:42am

Boston flagship PE, large-cap, $330k all-in not including relocation or signing

  • Analyst 1 in IB - Cov
Apr 20, 2022 - 11:26pm

Texas funds seem like they're paying very well generally relative to fund size and other T2 geographies. Add in the no state income tax benefit and lower COL, and you come out way on top. 

  • Prospect in IB - Gen
Apr 20, 2022 - 8:52pm

$180k base, bonus unspecified, carry after first year - NYC mega fund

  • Analyst 2 in IB - Gen
Apr 30, 2022 - 9:57pm

Are sign on bonuses typically offered as a part of the total comp package or do you negotiate? Currently have an offer with a MM fund in a tier 2 city but no signing bonus.

  • Analyst 1 in IB - Cov
Apr 30, 2022 - 11:15pm

In my 2 offers I received no sign on, but did get a relocation reimbursement 

  • Associate 1 in PE - LBOs
Jun 13, 2022 - 7:20pm

$180k all in at a $500mm fund in T3 city. Despite T3 city, I'm getting hosed right??? The lowest paid f'n PE associate in all of WSO. Hours suck too. Wonder when the 2022 Heidrick report is coming out so I can have real data to point to during my review. 

  • NA in IB-M&A
Jun 14, 2022 - 11:25am

150k All-in LCOL

Hours are 9-5 

Jealous of these comps

Hate to leave this insane WLB but unless they significantly bump up I'm going to lateral

  • VP in PE - Growth
Jun 14, 2022 - 10:42pm

Well, fuck. I think I need to get off this forum before I get considerably depressed. 
 

I'm a VP at a sub-$500mm fund (raising $500 as we speak) and my comp is lower than these associates lol. $225 all in, maybe closer to $275-$300 when new fund closes. 
 

Tier 3 city, 9-5/6 and no weekend work really. Metric fuck ton of carry though - around $8mm or so over next 5-7 years. 

  • VP in PE - Growth
Jun 16, 2022 - 1:33am

Right place right time really, and some very shitty luck with a prior firm that spurred my action to look for new homes; and may have made my career if the thesis pays off! 
 

of course, I wish I was getting paid $500k cash comp like other VPs out there but the lmm varies so much firm to firm. 

  • Intern in IB-M&A
Jun 15, 2022 - 12:14am

That's insane. Maybe not compared to other VPs, but they also probably don't have your lifestyle!

  • Associate 1 in PE - Other
Jun 15, 2022 - 4:46pm

$8m Carry DAW is absolutely crazy, you would maybe get half at most large cap funds. Congrats!

Jun 15, 2022 - 8:15am
cbdbanker, what's your opinion? Comment below:

Congrats on this …. I would take this trade all day and just focus on outside hustles in my spare time. LMM is where it is at

  • VP in PE - Growth
Jun 16, 2022 - 1:24am

Based on current marks if I'm being conservative, the downside is probably $5-6mm DAW total across 2 funds. 
 

But the sacrifice on comp is entirely for that extra $2-3mm based on our underwriting model & the results that follow. Carry is always a fickle mistress but sometimes you've got to make the jump & believe in the platform. 

  • Associate 1 in IB - Gen
Jun 27, 2022 - 7:38am

What would happen to your carry if you decided to step away? Would you get a payout, would it just stay as is until crystallized?

  • Analyst 1 in PE - Growth
Jun 16, 2022 - 8:58pm

Is 140 all in as an analyst terrible for a first year analyst for a 500m fund GE fund?

  • Investment Analyst in PE - Other
Jun 21, 2022 - 1:25pm

LMM/MM Southeast Fund - ~$1B ($4.5B AUM)

Sr Associate: $130k base + $130-$180k Bonus, min $260k all in, no carry.

VP: $175k Base + $175k Bonus + $2M Carry at work

  • +$50k YoY Cash Comp, Carry up to $4M at work

Thoughts chat?

  • Analyst 1 in IB - Cov
Jun 26, 2022 - 11:22pm

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Jun 27, 2022 - 1:29pm
hi_monkey, what's your opinion? Comment below:

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  • Analyst 1 in IB-M&A
Jun 27, 2022 - 1:05pm

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  • Analyst 1 in PE - Other
Jun 28, 2022 - 4:44pm

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  • NA in IB-M&A
Jun 28, 2022 - 6:51pm

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