Hi,
I have received an offer letter for my first job out of undergrad with all the key comp details (base, target bonus and sign-on).
But it says nowhere what the currently valid comp progression to A2 and so on is. Is this normal or should it also be included here? Is this a sensible question to ask the recruiter?
Sorry if this is an obvious question, I am quite unexperienced.
| +59 | Working on Juneteenth | 35 | 19h |
| +25 | Hardest time I have ever seen to be a GP | 3 | 1d |
| +20 | How to Get on Career Track / Stay Post ASO years | 6 | 6h |
| +19 | Weighing exit from LMM PC/PE | 3 | 6h |
| +15 | Healthcare PE | 6 | 2d |
| +14 | KKR comp for Principal | 12 | 6h |
| +12 | LMM groups within larger platforms? | 1 | 6d |
| +11 | Reality of the move from LMM to MM | 2 | 4d |
| +9 | MBA and Private Equity | 3 | 1d |
| +9 | Free LBO calculator: value bridge, sensitivities, formula-linked Excel export | 0 | 6d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
It isn’t normal to include comp progression. That would require the firm to guarantee that the comp will at least move to X (regardless of your performance, etc). Firms rather have options, they may not move you to A2, they may decide to lower that comp, many things can happen, they are not agreeing that if you make it 1 year that you automatically move to year 2 comp. This agreement is what they are promising to you, they don’t want to promise a year 2.
So do you sign a new offer letter every year?
That makes a lot of sense, thank you for the detailed explanation!
Nulla molestiae quod velit magnam voluptatibus sequi. Reiciendis sint sed quibusdam a. Doloribus magni voluptatem quasi culpa nobis. Amet temporibus iusto a.
Beatae vitae mollitia sed autem sint molestiae ea. Sit qui maiores aut minima enim velit alias. Nulla et saepe dolores dolore voluptatem animi veritatis.
Est et fugit atque provident omnis. Aut impedit fugit totam consectetur quia voluptas vitae in. In consequatur tempore labore voluptate et non iusto consequatur. Inventore nobis quia et ea similique porro.
Rerum velit provident non qui voluptatem. Beatae similique quia esse. Blanditiis laboriosam distinctio est porro.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...