Am I underpaid? Associate earning $200k/year in Boston

Is this HarbourVest? Boston solid MM/UMM I have seen range anywhere from 200k to 300k with most in the 250k-275k range.

yeah this definitely sounds like HarbourVest. $200k is too low for a 1st year associate

I've heard shit things about Harbourvest. Get out.

landmark partners?

HarbourVest for sure. They’re known to underpay and frankly it’s likely because they barely charge fees. I’d gtfo

Idk for Secondaries / Co-Invest it seems reasonable? Just a different level of intensity there. Also high base makes it a different $200k, way less risk on it. Seems fair enough.

I might be remembering incorrectly, but don’t 1st year associates at other secondaries like Lexington/Coller/Alpinvest pay ~$240k? Something like 120k base and 120k bonus. I think 2nd year associates are like 130k base and 130k-140k bonus or something like that. As you can see, bonus is at or above 100% the salary, so I feel like you’re getting screwed.

Although your base (im assuming at Harbourvest) is high at 150k, your bonus seems extremely below market. This could also hint that your carry will be shit if you progress at the firm. However, I did hear Harbourvest only works ~50-55 hours a week vs 60ish at the other places? Could someone please verify my numbers?

Secondaries/co-investment funds usually pay less and you also work less, so I don't think that's really under market

Harbourvest run by a bunch of Babson guys

Got a buddy at a top secondaries shop in NYC that is much larger than harbourvest. Pay is in line with MM/UMM PE shops, 125k base and 100%+ bonus for first year associate.