EB IB vs. MF PE/PC Comp Trajectory (2023)
Looking for an updated comparison strictly regarding general comp trajectory from the analyst level onwards. MF (KKR/BX/APO) is considered more "prestigious" than EB (LAZ/CVP/EVR) so EB -> MF is often more common than MF -> EB, but curious as to who today's $$$ favors with base bumps across certain banks. I am also assuming the actual difference between top PE/PC guys at the MF level is largely negligible, since carry is highly variable.
Also a side question, curious as to which would place better into B-school down the road between the MF and EB brand names.
Totally understand there's more to these decisions than prestige, comp and b-school, but just curious and would appreciate some input, thanks!
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Not sure the comparison makes sense as class sizes / ease is significantly higher at the 3 largest boutiques vs the 3 largest sponsors. There's a significant culling at assoc to vp etc. The right comparison is probably vs a median outcome at the top 30 sponsors not top 3. Even then the culling effect is stronger in pe so you'll have survivorship bias in #s (can counter argue you can just come back to banking). The main point is cash comp will be lower in pe with carry more than making up for it (without taking into account tax or discount rate) through vp/experienced vp. At principal + the cash comp gap widens materially but at that point the carry is so high you need to drink the kool aid.
the right answer is think about your risk tolerance and how much upside / downside you want to be exposed to
No eb pays that much that’s just kool aid that the people who strike out use as cope to keep A2A pipeline huge
bump— anyone have TC numbers to benchmark between EB IB and MF PE/PC from analyst to associate?
VP and beyond I know carry and coinvest makes MF the clear winner nearly every time
Top EB (Evercore / PJT) IB all-in ranges:
As1: ~420
As2: ~480
As3: ~540
VP1: ~680
VP2: ~760
VP3: ~850
ED / Junior MD: 850+
I’m at one of these two firms - this may have been accurate 2020/2021, but def not the case in 2022 and nobody thinks 2023 bonuses will improve much if at all from 2022…
if you don’t mind, what did 2022 numbers look like?
Really? I thought that seemed light for '21. I'm at a non-EB and the numbers only seem $50k lower or so. Would've expected VP3 at PJT in 21 pull closer to the $1mm mark to be honest
in a hot market these numbers might make more sense, and how does BX/KKR compare?
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