Bain cap perks / assoc comp increase
Just heard that Bain Cap has raised the assoc total comp (in response to street wide raises). Was curious to know what the other perks looks like ?
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Currently at Bain Cap Boston. Random list below, ask if I didn't hit on anything:
Free gym in office
Cafeteria (good prices, high quality)
Great Health Insurance
Co-invest (up to $300k for Associates w/ cheap Leverage)
NO RETIREMENT MATCH - this is the big one. They allow you to invest in roth 401k which is gold, but instead of a match they instead roll part of your cash bonus into a PSP in lieu of their contribution. So no direct payment, but they save you a ton on taxes by doing this
$35 meal stipend
Late night car reimburse
Intern here, not super familiar with a PSP. Is this a profit sharing plan? Could you lay out the basics of how it works?
https://www.irs.gov/retirement-plans/choosing-a-retirement-plan-profit-…
total comp?
Its fund and city specific. Since there are multiple funds & cities I won't comment, but the general theme is slightly below other MF's.
Awesome, thanks for the info.
Any idea what perks are like in the London office (I assume similar ?)
Is the WLB similar to other MFs or better ?
Not versed enough w/ London to give detail. WLB varies from group to group, but across the board is better than the average MF (low bar)
How late do you have to stay to get free dinner and can home?
Is the $35 meal stipend just for dinner if you stay past a certain time or can it be used throughout the day?
How many vacation days?
What does total comp look like now?
Interested as well
330 first year now
Is this how much most MFs (Eg BX, KKR, TPG, CG) excl Apollo pay?
Would say 320 is typical across UMM / MF, outliers upward are WP and APO as you mentioned - as of last summer others can chime in if other increases are out
Is this 320 all in?
No it’s 320 base
Of course it’s all in you doofus
How about for the credit/distressed group in Boston?
Bump
Bump
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