BX/KKR Comp
Tons of people ask but never get a fully formed response or data points. What's TC for Aso1 at BX/KKR?
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Based on the most helpful WSO content, here’s the breakdown for total compensation (TC) for a 1st Year Associate (ASO1) at Blackstone (BX) and KKR:
Blackstone (BX):
KKR:
While the base salary at KKR is noted to be $100K, the total compensation includes bonuses, which bring it in line with the average TC for 1st Year Associates at mega funds.
Sources: Former MS M&A / KKR here to field questions, KKR Credit - Comp & Hours, KKR comp at principal and director levels, KKR 2021 Analyst Program, Special Situations Investing (BX, Apollo, Ares)
350k.
Thanks!
Is this usually flat YoY? Signed at one of the above and curious if I should be expecting a similar bonus of ~200k when I start. Curious to know if they’re planning on increasing it by then.
If you signed for PE congrats bro
What's the package (cash) at Principal level directionally at these places/MF PE? What's the NPV of your Principal years? Is there a cut depending on location (EU)?
Work at a MF and I think principal cash comp is ~$800k. I think ~$7M carry. I know different firms have different titles. Above refers to level above VP.
Interesting - I would have expected lower carry for a MF VP level, except outliers like Apollo / H&F etc.
Not to be that guy but genuine question — how many of the large mega fund types are generating the returns for you to even get your carry
Any idea on VP level?
Wow $7 is a lot of carry. I thought principals closer to $1.5-2mm cash and $2-5 carry.
$7m over 5 years is $1.4m per year. Discount that by 15% p.a.and the annualized NPV is $700k. So along with $800k cash that’s about the equivalent of $1.5m annual cash comp. Sounds about fair.
They aren’t seeing a penny of that $7mm for at least 4 years, majority paid out after 7-10 years.
Is that $7M vesting over 5 years? Pretty solid.. though to the other commenters point, the cash from that is going to be way backend weighted.
Aso 1: $330k (140k base, $190k bonus)
Same comp numbers for PC/Infra/RE? Or are these just PE
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