Comp too low?
Team -
just received an Associate 1 position at a $40 - $80B fund (offices globally) for a strategy within that fund (strategy runs low teens $B).
Total comp is pegged at around $210 for first year. Does this seem light or is this on par?
Not for strictly buyout strategy.
Any insight is much appreciated.
Low for a HCOL city, but pretty market for a LCOL city
Seems low given size. There are many growth and secondaries shops with a lot lower AUM that pay more As1. I would think closer to 300k for your role.
Need some more clarification on what the strategy is, which city, etc.
for example, secondaries or pure co-investing salaries are lower than buyout
Similarly, salaries in Tier 2 cities will be lower than Tier 1 cities
Agree with the chorus, this is fine in a Tier 3 city with LCOL but too low for somewhere like NYC.
Would also throw hours into it and strategy into it. Some of these shops that are more lifestyle shops, or maybe are only 50% buyout and mostly doing other strategies, will also discount pay a bit. If you're expected to work 70-80hr weeks and are mostly buyout focused, this is low.
In aut a odio consequatur omnis. Et omnis repellat possimus omnis ad.
Ducimus non totam perferendis aut aut. Nostrum laboriosam iusto minus sunt est. Ex eaque et architecto eum. Sed ipsum maiores aliquam sit atque. Esse velit eligendi dolores cum corrupti nam neque. Sint aut odio similique tempora illum.
Doloribus et nostrum veritatis doloribus. Et ullam hic amet est quaerat fugit culpa.
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...