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 šŸ˜ƒ). It would be great if you could include your firm, base, bonus, coinvest, carry, signing bonus,Ā and location. If you don't want to put your firm (highly encouraged šŸ˜ƒ) 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 :).Ā This also goes for all levels of associates!

For example,

GTCR (UMM) - incoming associate, 150k base, 175k bonus, no co invest, no carry, no signing bonus, ChicagoĀ 

Comments (37)

  • NA in IB - Gen
May 11, 2022 - 10:21am

Would be a lot more helpful if people name dropped firms to make it a lot more transparent which most people on that trend do not. Helps push the neddle. No reason for associates to get paid different a similar funds

  • Analyst 2 in IB - Gen
May 11, 2022 - 7:21pm

Do you mind sharing fund size or AUM? MM grouping is a big range (1bn - 10bn apparently)

  • Associate 1 in PE - LBOs
May 12, 2022 - 12:26am


140 base, 300 target ("material upside"), coinvest

  • Assist. VP in PE - LBOs
May 12, 2022 - 3:21am

What does profit share mean? Ratable dividends from the gps annual earnings and or distributions? Bonuses on profitable exits?

  • Analyst 1 in IB - Cov
May 13, 2022 - 11:04pm

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May 13, 2022 - 10:29pm
monopolymatters, what's your opinion? Comment below:

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