Average MM PE VP Comp
Just wondering what the average MM PE VP all-in comp one would expect? Obviously can vary widely but at an average performing MM fund for an average performing VP? What salary and bonus is fair to expect?
Just wondering what the average MM PE VP all-in comp one would expect? Obviously can vary widely but at an average performing MM fund for an average performing VP? What salary and bonus is fair to expect?
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400-500 all in for MM depending on fund size. Would say closer to 1B fund size, looking more like 400k. Closer to 5/6B, looking more like 500. Lower mm funds will be 300-400, and MF 500+
https://www.heidrick.com/-/media/heidrickcom/publications-and-reports/2…
Agree with this, nice simplification
Generally correct, only thing I'd mention is that fund size and geography matter a lot. New York firms pay close to market because of the cost of living. In a tier 2 city, it's less likely you'll see figures that are quite as high.
I'd leverage recruiters to get the most accurate figures. If you're just trying to get a general sense, the reports will work fine. If you have an offer and want to make sure it's market, ping a recruiter you know and ask them for same level offers in the same tier of city. Best way to get a really accurate representation of what comp is/should be.
Personal datapoint: $1.5B fund, $450k cash (200+250) + 1% carry.
VP 1 at MF is typically like 550-700K salary + bonus and what amounts to $4-6mm carry assuming 2x MoM. I think the other added financial benefits are co-invest opportunities with cheap leverage. Pretty attractive if you end up making VP in late 20s.
This is not accurate. Too high
Not true.
Megafund (Bain Capital) VP 1 who was loved was paid $550k all in cash and carry was $2.5mm assuming a 2x MoM.
Sr VP in LMM/MM (Europe). €185k + €185k + 1% carry (€3-4m if 2x). No mandatory fund investment. Free to co-invest on deals but no leverage provided. Great W/L balance.
Are you guys hiring ^^
What's the fund size?
Somewhere in $500k to $550k range for VP1 cash comp with ~$4mm of carry at 2x MoM at UMM
Congrats - this is a very sweet carry at work figure.
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