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June 30, 2026
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$200k all in
That’s underpaid. Starts around 135 base + upto 100% variable bonus.
No LMM PE associate 1s in the Midwest are making 270 cash. I work in PE in the Midwest and have friends at shops in every midwestern city. Base can range widely, but all in cash is always in the ~$200k range +/- 30k
Here’s another comp datapoint. Outside of Chicago, LMM cash comp for associates hovered around 200l for funds under 1bn
Cool. What’s the source for this?
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