Associate Comp Bump for Sourcing Deal?
I sourced a deal which my firm eventually invested in. It wasn't massive ($10-20mm), and our average check size is probably more in the $20-100mm range, so it's just a small win. However everyone really liked the investment because we got it at a great price with high return expectations.
Does anyone on here have thoughts regarding what extra comp one might see for this? Anyone have any personal experiences sourcing a closed deal as an associate or analyst and seeing a comp impact?
Before anyone comments on carry, that is unfortunately completely out of the question at my firm for associates, so I can't ask for carry related to the deal in particular. It's a large institutional firm where negotiating compensation gets you nowhere at the associate level anyway.
Base + bonus comp is c. $300k-350k before this for context. Not sure if I should expect a comp bump this year or nah.
Interested to hear any experiences on this as well.
IMO - Given it's a large firm, I have a feeling they would say sourcing is part of your job (even if it isn't emphasized at the associate level) which means your salary/bonus effectively covers it. At a smaller firm, I'd think there would be some wiggle room but still unlikely.
Would it just get lumped as an extra postiive note on your annual review, resulting in a higher bonus that way? May not get broken out as a separate "tack on" bonus but should help you on your regular bonus I'd imagine.
Yeah, it would get thrown in as a bump to the bonus. I'm just wondering either (i) what sort of bump others have seen or (ii) if you were compensated another way, what it looked like.
More curious than anything else, but what fund size / geography are you at if you don’t mind sharing?
Our equity checks are pretty similar so surprised to see comp in the 300-350k range (we’re more in the 200-225k range).
Regardless, congrats on sourcing the deal, that’s a pretty awesome achievement and hopefully they recognize you for it!
I should update my profile, but I'm actually a third year associate, about to be promoted to VP. I got $275 all in last year and received a $25k bump to salary. So I'm just taking a swag on the range expected this year. I also receive no carry.
We have $6bn invested across equity, debt, and real estate. Equity is probably about $1bn. It's all a global strategy, but I focus on US equity transactions.
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