2023 PE Associate Comp
With on cycle recruiting over and a few companies giving offers during off cycle I think now would be a good time to talk about this topic. In IB comp is very standard and transparent which makes you believe you are paid fairly. Why should PE be any different (see the period, this is not a question 😃). It would be great if you could include your firm, base, bonus, coinvest, carry, signing bonus, and location. If you don't want to put your firm (highly encouraged 😃) then can you put the fund size. To prevent a debate on what's a MF or UMM just use fund size, MF = +14B fund size and UMM = +4.5B fund size. Ik I'm gonna have hate from the people who are at funds with almost 4.5B fund size but can you just say MM please :). This also goes for all levels of associates!
(UMM) - incoming associate, 150k base, 175k bonus, no co invest, no carry, no signing bonus, Chicago