2024 PE Bonus Thread
Been lurking for several days waiting for a thread... comp discussion coming, so I'll reply soon but in the meantime:
Strategy (PE/PC/Other): PC
Fund Size/Type: UMM
Buyside Experience: 2 YOE
Total 2024 Comp (Base + Bonus): $150 + $200
Total 2023 Comp (Base + Bonus): $150 + $150
Notes / Performance: Promo to Snr Assoc, Base bump to $160
Strategy (PE/PC/Other): PE
Fund Size/Type: LMM/MM
Buyside Experience: 2 YOE
Total 2024 Comp (Base + Bonus): $150 + $160
Total 2023 Comp (Base + Bonus): $140 + $150
Notes / Performance: senior associate promote
Fund size and geography?
$750 mil, TX.
This is crazy for TX, did ur firm just have a historic year?
Not anything out of the ordinary, but there's enough momentum for new fundraises. Sweatshop hours though, so would say the pay is fair.
Strategy (PE/PC/Other): PE
Fund Size/Type: LMM
Buyside Experience: AS1 0.5 YOE (7 years total in non buyside finance roles)
Total 2024 Comp (Base + Bonus): $148 + 12.5 (prorated from 25 for half year)
Out of curiosity, what did they tell you the bonus would look like when you joined? Did the fund just have a bad year?
Was told to me beforehand the range of my bonus
Strategy (PE/PC/Other): PE
Fund Size/Type: LMM
Buyside Experience: 2 YOE
Total 2024 Comp (Base + Bonus): $110 + $110
Total 2023 Comp (Base + Bonus): $100 + $100
Strategy (PE/PC/Other): PE
Fund Size/Type: MF
Experience: 3 YOE (Senior Assoc)
Total 2024 Comp (Base + Bonus): $225 + $325
Total 2023 Comp (Base + Bonus): $200 + $290
Notes / Performance: Promoted
.
Hours?
90+
Depends on live deal or not - live deal can certainly be 80-90+; otherwise can be 50-60
I work at a large cap PE firm in NYC and our VP1s are 550k cash…this is wild
yeah feels like cap
Strategy (PE/PC/Other): PE
Fund Size/Type: MM
Buyside Experience: 2.5 YOE
Total 2024 Comp (Base + Bonus): $180 + $160
Notes / Performance: Promo to Senior Associate
bump, i'm OP, updated the above.
Strategy (PE/PC/Other): PE
Fund Size/Type: LMM
Buyside Experience: 3 YOE
Total 2024 Comp (Base + Bonus): $125 + $140
Total 2023 Comp (Base + Bonus): $120 + $65
Notes / Performance: Current year bonus includes a sale bonus for a transaction I led
Strategy (PE/PC/Other): PE
Fund Size/Type: LMM
Buyside Experience: 2.5 YOE
Total 2024 Comp (Base + Bonus): $150 + $230
Total 2023 Comp (Base + Bonus): $140 + $120
Notes / Performance: senior associate promote
damn this nice, what drove the massive increase in bonus yoy? fund size/aum?
Driven by some really good outcomes for the fund. Expect 2025 comp to be down from 24. They communicated this so no issue.
Is this NYC/SF?
Strategy (PE/PC/Other): buyout
Fund Size/Type: MM ($1-1.5B fund)
Experience: 2 years banking, started PE last September
Total 2024 Comp (Base + Bonus): offer was for $125+$125. Received $60k stub for 4 months at EOY.
Total 2023 Comp (Base + Bonus): n/a
Notes / Performance: No income tax state. Salary bumped to $130k with no comment to target bonus. Assume 100% target still stands, but associates one year up received $150-$175 this year.
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