Berkshire partners / comp benefits?
Was reading an older post on here that said Berkshire has some of the highest comp + best benefits in the industry.
Last I heard comp was basically UMM/MF market, so just curious if anyone has details on either comp or any actually good benefits?
Curious if it’s actually “best in class” or just comparable to its peers
In line w/ UMM peers. Do have a co-invest program for associates as well though
Whst is UMM market comp out of curiosity?
Benefits are supposed to be excellent and they have a reputation for a really good culture.
This is a bit dated (3-5 years) but it was slightly higher than average UMM a/o that time period - they compete w/ larger firms like Advent/Bain for talent so they have to pay competitively in line with that (or better). Also had a couple nice perks to it, including that it was more weighted to base salary than bonus (ignore the numbers but conceptually it's nicer to make $175 base w/ $125 bonus than the reverse) + bonus was guaranteed. They also had a very generous co-invest program, so you get some long-term comp benefits even if you only worked there as an associate and then left.
As others have referenced culture is known to be pretty good so I imagine there were various frill perks on the sides (idk what all that entails specifically for them but health & wellness perks, good catering or in-office lunch & dinner programs, partnerships/discounts, tickets to sports games, associate trips, things like that seem to be the sorts of stuff that firms w/ good asso lifestyle tend to market)
Interesting, thanks. Bonus / base split is a good one because most places are over-weight bonuses so kind of nice to have the salary coming in more reliably. Wonder why other places don’t copy that
what is typical VP1 comp at UMM firms? 600k? base + bonus excluding carry since that is way more uncertain. Are there any firms out there hitting 700k?
Feels a bit rich for UMM albeit there are of course outliers
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